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$1,049,000
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Property Description
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico!
Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio.
All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage.
Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining.
Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property's strong rental history, makes it a wise investment with immediate income potential.
Key Features:
•4 units with functional layouts
•Prime location near Chico State, shopping, and dining
•Strong rental history with excellent income potential
•Off-street parking and shared outdoor spaces
•Ideal for investors seeking stable, long-term returns
•Potential to add an additional unit at the rear of the property (utilities already trenched)
•Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms
•New mini split air conditioning (3 years old) in each unit
•Washer and dryer in all units except unit 2
Whether you're looking for a property with reliable rental income
or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice.
Mortgage may be transferable at discretion of lender.
Please do not disturb tenants. No showings without an accepted offer.
Full Property Details
Full Property Details for 1122 Stewart Ave
General
- Price: $1,049,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SN24217204
- Updated: 8/31/2025
- Days on Market: 449 days
- Added to Site: 454 day(s) ago
Interior
- Rooms/Areas: Family Room, Kitchen, Laundry, Living Room, Walk-In Closet
- Interior Features: Ceiling Fan(s), Open Floorplan
- Fireplace(s): None
- Appliances: Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater
- Flooring: Laminate
Rooms
Other Rooms
- Laundry: Dryer Included, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Gravel, Paved, Off-Street
- Parking: Gravel, Paved, Off-Street
Location
- County: Butte
- Driving Directions: From Hwy 32, turn left on Stewart, property is on the right.
Heating & Cooling
- Cooling Type: Ductless
- Heating Type: Ductless
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,489
- Year Built: 1908
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Lot Size Source: Assessor
- Zoning: R1
- Lot Description: 2-5 Units/Acre, Level with Street, Rectangular Lot, Near Public Transit, Paved
Financial Considerations
- Price Per Sq. Ft.: $421.45
- Price Per Unit: 262250
Listed by Ryno Company, Michael Lee
Get Pre-Approved Today
Schools
Schools serving 1122 Stewart Ave
School District:Chico Unified School District
| Name | Grades | Distance |
|---|---|---|
Emma Wilson Elementary School 1530 West 8th Avenue, Chico, CA 95926 | K-5 | 0.9 mi |
Chico Junior High School 280 Memorial Way, Chico, CA 95926 | 6-8 | 1 mi |
Chico High School 901 Esplanade, Chico, CA 95926 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1122 Stewart Ave
Date
Details
Price
Change
Source
10/21/2024
Listed
$1,049,000
170.36%
MLS
8/21/2018
Sold
$388,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1122 Stewart Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,320
8%
$545,304
2%
2023
$5,861
—
$534,613
2%
2023
$5,861
7%
$524,132
7%
2022
$5,476
22%
$487,855
22%
2021
$4,497
—
$399,859
1%
2020
$4,484
2%
$395,760
2%
2019
$4,404
-11%
$388,000
36%
2018
$4,970
1%
$284,752
2%
2017
$4,919
69%
$279,169
2%
2016
$2,917
—
$273,696
2%
2015
$2,917
2%
$269,586
2%
2014
$2,865
13%
$264,306
15%
2013
$2,536
—
$230,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1122 Stewart Ave
1122 Stewart Avenue, Chico, CA 95926 (MLS# SN24217204) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1122 Stewart Avenue is currently listed for $1,049,000 and was received on October 21, 2024. Want to learn more about 1122 Stewart Avenue? 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.
