- 3 Beds
- 3 Baths
- .18 Acres
- 352 DOM
1001 Salem Street
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!
Essential Information
- MLS® #SN25099724
- Price$499,000
- Bedrooms3
- Bathrooms3.00
- Acres0.18
- Year Built1981
- TypeResidential Income
- Sub-TypeTriplex
- StatusActive
Community Information
- Address1001 Salem Street
- CityChico
- CountyButte
- Zip Code95928
Amenities
- Parking Spaces4
- ViewNeighborhood
- PoolNone
Utilities
Electricity Connected, Water Connected
Parking
Concrete, Driveway, Driveway Up Slope From Street, One Space, On Site
Garages
Concrete, Driveway, Driveway Up Slope From Street, One Space, On Site
Interior
- InteriorCarpet, Laminate
- HeatingNatural Gas, Wall Furnace
- CoolingWall/Window Unit(s)
- FireplacesNone
- # of Stories1
- StoriesOne
Appliances
Free-Standing Range, Gas Oven, Gas Range, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
Exterior
- Exterior FeaturesLighting, Rain Gutters
- RoofComposition
- FoundationSlab
Lot Description
Rectangular Lot, Back Yard, Front Yard, Lawn, Near Public Transit, Street Level
Windows
Blinds, Double Pane Windows, Screens
Additional Information
- Date ListedApril 11th, 2025
- Days on Market352
- ZoningR3
Listing Details
- AgentTamara Lambert
- OfficeThrive Real Estate Company
Price Change History for 1001 Salem Street, Chico, (MLS® #SN25099724)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active Under Contract to Active | – | |
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $509,000 to $499,000 |
Tamara Lambert, Thrive Real Estate Company.
Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2026 at 10:15am PDT. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. 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 contained herein may or may not have been the Listing and/or Selling Agent.