1 / 74

$829,000

131 W 3rd

Chico, CA 95926

Active

1963

Year Built

Butte

County

Apartment

Property Type

About this home

Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Listed by Matthew Herman · DRE #01505777 · Keller Williams Realty Chico Area

MLS #1155509277

ListedFeb 27, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units5

RoofN/A

Garage Spaces1

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingForced Air

FireplaceN/A

LaundryIn Garage

Parking FeaturesN/A

Parking Total1

Patio & PorchN/A

Entry Level1

Entry Location1

Common WallsTwo Common Walls Or More

Property Features

Lot Size0.14 ac

Lot FeaturesSix To Ten Units Acre

ViewN/A

DirectionsFrom the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esplanade and Citrus Ave

Community

AreaN/A

School DistrictN/A

Tax & Financial

TermsCash To New Loan

Land LeaseNo

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$4,412/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 10:00 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.