For sale

Listed by: Parkway Real Estate Co. • John Barroso • Contact: 530-570-8489

$550,000

1029 Salem St, Chico, CA 95928

4beds

4baths

2,277sqft

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Quadruplex

Built in 1930

-- sqft lot

$520,800 Zestimate^®

$242/sqft

$-- HOA

What's special

High ceilingsWood-paneled doorsFreestanding tubsEfficient mini-split systemsBeautifully cased wood windows

Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

387 days

482

16

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Rooms

Room types: Kitchen, Living Room

Cooling

Ductless, Wall/Window Unit(s)

Appliances

Included: Gas Oven, Gas Range, Refrigerator
Laundry: None

Features

Ceiling Fan(s), Crown Molding, High Ceilings, Paneling/Wainscoting
Flooring: Tile, Vinyl
Windows: Blinds
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 2,277
Total interior livable area: 2,277 sqft

Property

Parking

Parking features: Driveway, On Site, Off Street

Accessibility

Accessibility features: Safe Emergency Egress from Home

Features

Levels: Two
Stories: 2
Entry location: 2
Pool features: None
Spa features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 7,841 Square Feet
Features: Back Yard, Front Yard, Trees, Walkstreet

Details

Additional structures: Outbuilding
Parcel number: 005094014000
Zoning: R3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Craftsman
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Roof: Composition

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

Community & HOA

Community

Features: Curbs

Location

Region: Chico

Financial & listing details

Price per square foot: $242/sqft
Tax assessed value: $343,295
Annual tax amount: $4,021
Date on market: 6/19/2025
Cumulative days on market: 387 days
Listing terms: Cash,Cash to New Loan,Submit
Tenant pays: Cable TV, Electricity, Gas

Estimated market value

$520,800

$495,000 - $547,000

$1,494/mo

Price history

Date	Event	Price
6/20/2025	Listed for sale	$550,000+89.7%$242/sqft
Source: CRMLS #SN25136312 Report a problem
12/4/2015	Sold	$290,000-3.7%$127/sqft
Source: Public Record Report a problem
10/27/2015	Pending sale	$301,000$132/sqft
Source: Rtb Realty #CH15227047 Report a problem
10/26/2015	Price change	$301,000+4.2%$132/sqft
Source: Rtb Realty #CH15227047 Report a problem
10/17/2015	Listed for sale	$289,000$127/sqft
Source: Rtb Realty #CH15227047 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,021 +6.9%	$343,295 +2%
2024	$3,760 +1.2%	$336,564 +2%
2023	$3,716 +1.6%	$329,965 +2%
2022	$3,658 +2%	$323,496 +2%
2021	$3,586 +0.2%	$317,154 +1%
2020	$3,578 +1.8%	$313,903 +2%
2019	$3,517 +1.9%	$307,749 +2%
2018	$3,451 +2.2%	$301,716 +2%
2017	$3,377 +9.4%	$295,800 +2%
2016	$3,086 +85.1%	$290,000 +89.9%
2015	$1,667 +2.1%	$152,703 +2%
2014	$1,633	$149,713 +0.5%
2013	--	$149,037 +2%
2012	--	$146,116 +2%
2011	--	$143,252 +0.8%
2010	--	$142,182 -0.2%
2009	--	$142,520 +2%
2008	--	$139,727 +2%
2007	--	$136,988 +2%
2006	--	$134,303 +2%
2005	--	$131,671 +2%
2004	--	$129,090 +1.9%
2003	--	$126,725 +2%
2002	--	$124,241 +2%
2001	--	$121,806

Find assessor info on the county website

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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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