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Pending
    • Listed by: Thrive Real Estate Company • Tamara Lambert • Contact: 530-520-5777
    $499,000

    1001 Salem St, Chico, CA 95928

    3beds
    3baths
    2,032sqft
    : 
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    Triplex
    Built in 1981
    -- sqft lot
    $481,200 Zestimate®
    $246/sqft
    $-- HOA

    What's special

    Discover a well-maintained, owner-occupied investment property in a desirable Chico location. This 3-unit building offers a comfortable live-in unit plus two turnkey rental units, creating an appealing combination of steady cash flow and personal living convenience. What makes it special: Owner-occupied layout: Live in a well-appointed unit with private entry. Ideally located just minutes from Chico State, Historic Downtown, and local dining and shopping, this tri-plex offers both convenience and long-term rental appeal. The property includes three separate units, a 2-bedroom, 1-bathroom, a 1-bedroom, 1-bathroom, and a studio, each with its own fenced backyard and shaded by mature trees, creating a comfortable and private setting for tenants. Two of the units have been recently remodeled, and all units are currently occupied by long-term tenants, providing immediate, stable income. A brand new 30-year roof across all three units adds long-term value and peace of mind for the next owner. Whether you’re looking to live in one unit while offsetting expenses or expand your portfolio with a well-positioned asset, this property offers a strong combination of location, functionality, and consistent rental demand. Tenant-occupied. Showings by APPOINTMENT ONLY!
    410 days
    |
    196
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tamara Lambert DRE #01728469 530-520-5777,

    Thrive Real Estate Company,

    Co-Listing Agent: David Wymore DRE #02217759 530-514-2671,

    Thrive Real Estate Company

    Source: CRMLS,MLS#: SN25099724MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      Rooms
      • Room types: Living Room
      Heating
      • Natural Gas, Wall Furnace
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Free-Standing Range, Gas Oven, Gas Range, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
      • Laundry: None
      Features
      • Flooring: Carpet, Laminate
      • Windows: Blinds, Double Pane Windows, Screens
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 2,032
      • Total interior livable area: 2,032 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Concrete, Driveway, Driveway Up Slope From Street, On Site, One Space
      Accessibility
      • Accessibility features: Low Pile Carpet, None
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Exterior features: Lighting, Rain Gutters
      • Pool features: None
      • Spa features: None
      • Fencing: Wood
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 7,840 Square Feet
      • Features: Back Yard, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level
      Details
      • Parcel number: 005094018000
      • Zoning: R3
      • Special conditions: Trust

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      • Attached to another structure: Yes
      Materials
      • Foundation: Slab
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1981

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Water Connected

      Community & HOA

      Community
      • Features: Curbs, Gutter(s), Suburban, Sidewalks
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      Location
      • Region: Chico

      Financial & listing details

      • Price per square foot: $246/sqft
      • Tax assessed value: $380,006
      • Annual tax amount: $4,437
      • Date on market: 5/7/2025
      • Cumulative days on market: 410 days
      • Listing terms: Cash,Cash to New Loan
      • Exclusions: Tenants Personal Property
      • Total actual rent: 2857
      • Tenant pays: Electricity, Gas
      • Road surface type: Paved

        Estimated market value

        $481,200

        $457,000 - $505,000

        $1,691/mo

        Price history

        DateEventPrice
        7/2/2026Pending sale$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        6/4/2026Listed for sale$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        5/23/2026Listing removed$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        1/7/2026Listed for sale$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        12/30/2025Listing removed$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        12/4/2025Listed for sale$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        11/14/2025Contingent$499,000$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        7/8/2025Price change$499,000-2%$246/sqft
        Source: CRMLS #SN25099724 Report a problem
        5/7/2025Listed for sale$509,000+64.2%$250/sqft
        Source: CRMLS #SN25099724 Report a problem
        6/6/2014Sold$310,000-4.6%$153/sqft
        Source: Public Record Report a problem
        2/6/2014Listed for sale$325,000-9.7%$160/sqft
        Source: Keller Williams Realty Chico Area #CH14025017 Report a problem
        3/23/2007Sold$360,000$177/sqft
        Source: MetroList Services of CA #200608745 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,437 +6.9%$380,006 +2%
        2024$4,151 +1.2%$372,556 +2%
        2023$4,102 +1.6%$365,252 +2%
        2022$4,039 +2%$358,091 +2%
        2021$3,960 +0.2%$351,071 +1%
        2020$3,951 +1.8%$347,472 +2%
        2019$3,882 +1.9%$340,660 +2%
        2018$3,810 +2.2%$333,981 +2%
        2017$3,730 +9.5%$327,434 +2%
        2016$3,407 +5.9%$321,014 +1.5%
        2015$3,218 $316,193 +26.5%
        2014$3,218 $250,000
        2013-- $250,000
        2012-- $250,000 -10.7%
        2011-- $280,000
        2010-- $280,000
        2009-- $280,000 +110.5%
        2007-- $133,001 +2%
        2006-- $130,394 +2%
        2005-- $127,838 +2%
        2004-- $125,332 +1.9%
        2003-- $123,036 +2%
        2002-- $120,625 +2%
        2001-- $118,260
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 95928

        Getting around

        85 / 100
        Very Walkable
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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