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Sold for $490,000
  • Listed by: Thrive Real Estate Company • Tamara Lambert • Contact: 530-520-5777
    Bought with: Thrive Real Estate Company
    $490,000

    1001 Salem St, Chico, CA 95928

    3beds
    3baths
    2,032sqft
    Triplex
    Built in 1981
    -- sqft lot
    $492,200 Zestimate®
    $241/sqft
    $1,764 Estimated rent

    Home value

    $492,200

    $433,000 - $561,000

    $1,764/mo

    Zestimate® history
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    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!

    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

    Bought with:

    Tamara Lambert, DRE #01728469

    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: $241/sqft
    • Tax assessed value: $387,605
    • Date on market: 5/7/2025
    • Cumulative days on market: 395 days
    • Listing terms: Cash,Cash to New Loan
    • Exclusions: Tenants Personal Property
    • Total actual rent: 2857
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/22/2026Sold$490,000-1.8%$241/sqft
    Source: CRMLS #SN25099724 Report a problem
    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
    12/30/2025Listing removed$499,000-2%$246/sqft
    Source: SDMLS #SN25099724 Report a problem
    6/23/2025Listed for sale$509,000+64.2%$250/sqft
    Source: SDMLS #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
    2026-- $387,605 +2%
    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

    Neighborhood: 95928

    Nearby schools

    GreatSchools rating
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    $492,200
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    +$9,844
    With Zillow Showcase(estimated)
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