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Thomas Nguyen

thomas@thomasnguyenre.com +1(949) 371-5868

$ 569,000

Est. payment | -/mo

4 Beds

3 Baths

1,996 SqFt

Save

$ 569,000

Est. payment | -/mo

Save

4 Beds

3 Baths

1,996 SqFt

Open House

Sat Sep 06, 10:30am - 1:30pm

Sun Sep 07, 11:00am - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $285

MLS Listing ID SN25196489

Bedrooms 4

Full Baths 3

Construction Status Turnkey

HOA Y/N No

Year Built 1986

Lot Size 9,583 Sqft

Property Sub-Type Duplex

Property Description

TWO HOMES on one lot in a prime Chico location—the Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenants—from students to professionals—ensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350–$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350–$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chico's most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last 3. The main home, accessible from Arcadian Avenue, is a 3-bedroom, 2-bathroom with an attached 2-car garage (including laundry) and a fully fenced backyard. Step inside and you're greeted by a vaulted ceiling, making the space feel bright and open. The back unit (ADU) is tucked away with alley access, giving it privacy and separation. This charming 1-bedroom, 1-bathroom features a loft, wood plank ceilings, a spiral staircase, and its own vaulted ceiling for an airy feel. A private backyard and storage shed make this unit even more appealing. Mature landscaping provides excellent shade and curb appeal, and with separate utilities for each unit, management is simple and efficient. With its unbeatable location, strong rental demand, and key upgrades already in place, 1515 Arcadian Avenue is a smart investment you won't want to miss.

Location

State CA

County Butte

Zoning R1

Rooms

Other Rooms Shed(s)

Main Level Bedrooms 4

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan, All Bedrooms Down

Heating Central

Cooling Central Air, Ductless

Flooring Carpet, Laminate

Fireplaces Type None

Inclusions Fridge (in both units), washer & dryer

Fireplace No

Appliance Dishwasher, Gas Range, Range Hood

Laundry In Garage

Exterior

Parking Features Concrete, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Privacy, Wood

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Hiking, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood, Trees/Woods

Roof Type Composition

Accessibility None

Porch None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sprinklers In Rear, Sprinklers In Front, Level, Rectangular Lot, Sprinkler System

Dwelling Type Duplex

Story 1

Entry Level One,Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One, Two

Additional Building Shed(s)

New Construction No

Construction Status Turnkey

Schools

School District Chico Unified

Others

Senior Community No

Tax ID 003013050000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Jessica Williams Connect Real Estate Group 530-591-0906

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 371-5868

thomas@thomasnguyenre.com

17595 Harvard Ave Suite C-196, Irvine, CA, 92614

1515 Arcadian AVE Chico, CA 95926