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$490,000

  • Sold
  • Closed
  • Multi-Family
See This Home
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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!

Full Property Details for 1001 Salem St

General

  • Sold For: $490,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SN25099724
  • Added to Site: 515 day(s) ago

Interior

  • Rooms/Areas: Living Room
  • Fireplace(s): None
  • Appliances: Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Free-Standing Range, Gas Range, Gas Oven
  • Flooring: Carpet, Laminate

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Rain Gutters, Lighting

Parking

  • Parking Features: Concrete, Driveway Up Slope From Street, On-Site, Driveway, Parking Space
  • Parking: Concrete, Driveway Up Slope From Street, On-Site, Driveway, Parking Space

Location

  • County: Butte
  • Driving Directions: From W 9th St, Turn Right onto Salem St, Property is on the Left.

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Foundation: Slab
  • Roof: Composition
  • Windows: Double-Pane Windows, Blinds, Screens
  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,032
  • Year Built: 1981

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.18
  • Lot Size Source: Assessor
  • Zoning: R3
  • Lot Description: Level with Street, Rectangular Lot, Near Public Transit, Front Yard, Back Yard, Lawn

Financial Considerations

  • Price Per Sq. Ft.: $241.14
  • Price Per Unit: 166333

Disclosures and Reports

  • Exclusions: Tenants Personal Property

Listed by Thrive Real Estate Company, Tamara Lambert and Thrive Real Estate Company, David Wymore
Sold by Thrive Real Estate Company, Tamara Lambert

Listing agents

— 1001 Salem St —

  • Tamara Lambert

    Thrive Real Estate Company

  • David Wymore

    Thrive Real Estate Company

530-520-5777

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1001 Salem St

School District:Chico Unified School District
NameGradesDistance
Chapman Elementary School
1071 East 16th Street, Chico, CA 95928
K-51.1 mi
Chico Junior High School
280 Memorial Way, Chico, CA 95926
6-80.8 mi
Chico High School
901 Esplanade, Chico, CA 95926
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1001 Salem St

Date
Details
Price
Change
Source
7/22/2026
Sold
$490,000
-1.8%
MLS
7/08/2025
Price Reduced
$499,000
-1.96%
MLS
5/07/2025
Listed
$509,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Thrive Real Estate Company, Tamara Lambert and Thrive Real Estate Company, David Wymore
Sold by Thrive Real Estate Company, Tamara Lambert

Recent Sales near 1001 Salem St

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225 W 12th, Chico, CA 95928 - Photo 1 Sold
$520,000

225 W 12th  Chico, CA 95928

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,418
    Sq. Ft.
827 Arbutus Ave, Chico, CA 95926 - Photo 1 Sold
$540,000

827 Arbutus Ave  Chico, CA 95926

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,472
    Sq. Ft.
1242 Bidwell Ave, Chico, CA 95926 - Photo 1 Sold
$473,880

1242 Bidwell Ave  Chico, CA 95926

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 1,900
    Sq. Ft.
976 Palmetto, Chico, CA 95926 - Photo 1 Sold
$450,000

976 Palmetto  Chico, CA 95926

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,344
    Sq. Ft.

1001 Salem Street, Chico, CA 95928 (MLS# SN25099724) is a Multi-Family property that was sold at $490,000 on July 22, 2026. Want to learn more about 1001 Salem Street? Do you have questions about finding other Multi-Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.