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$349,000
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Property Description
Classic Chico Charm Meets Unbeatable Investment Potential!
Discover the perfect blend of lifestyle and opportunity at 1128 W 5th Street. Nestled in the heart of Chico's vibrant South Campus neighborhood, this elegant, newly remodeled 1925-built bungalow offers the timeless character of Chico alongside a location that is virtually unmatched for rental demand.
Spanning an efficient 774 square feet, this 3-bedroom, 1-bathroom home features a functional layout that maximizes every inch. Modern comforts like central heating and air and an included washer and dryer ensure a seamless living experience. The property sits on a 4,356 sq. ft. lot, highlighted by an expansive, fully fenced backyard - a private oasis perfect for summer gatherings, gardening, or quiet mornings.
With a Walk Score of 89 and a Bike Score of 85, this property is a commuter's dream. Whether you're a first-time buyer wanting to be near the action or an investor looking for a high-occupancy asset, the proximity to CSU Chico (0.8 miles) and the shops, restaurants, and nightlife of Downtown Chico makes this a premier piece of real estate.
Homes in this pocket of the 95928 zip code are highly coveted for their consistent appreciation and strong historical rental performance. The residence also has a walkout basement, and there is room on the property to build an ADU (buyer to verify, see renderings in property photos).
Whether you're looking for a charming personal residence with a historic soul or a turnkey addition to your portfolio in a high-demand university district, 1128 W 5th Street is a rare find that delivers on both fronts.
Full Property Details
Full Property Details for 1128 W 5th
General
- Price: $349,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SN26048853
- Updated: 3/9/2026
- Days on Market: 30 days
- Added to Site: 30 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Gas Range, Gas Oven
Rooms
Other Rooms
- Laundry: Outside, Washer Included, Dryer Included
Additional Information
- Pool Description: None
Location
- County: Butte
- Driving Directions: From CA-99, take exit 385 for CA-32 West (Nord Ave) toward Orland. Turn left onto CA-32 W/Nord Ave. Drive for approximately 1.5 miles, then turn right onto W 5th Street. The property will be on your right.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Entry Location: Ground floor
- Stories/Levels: One
- Stories Description: One
- Square Feet: 774
- Year Built: 1925
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size Source: Assessor
- Lot Description: Back Yard
Financial Considerations
- Price Per Sq. Ft.: $450.9
- Price Per Unit: 349000
Listed by Ryno Company, Michael Lee and Ryno Company, Ryan Vaught
Get Pre-Approved Today
Schools
Schools serving 1128 W 5th
School District:Chico Unified School District
| Name | Grades | Distance |
|---|---|---|
Emma Wilson Elementary School 1530 West 8th Avenue, Chico, CA 95926 | K-5 | 1.4 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 | 1 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 1128 W 5th
Date
Details
Price
Change
Source
3/09/2026
Price Reduced
$349,000
-5.42%
MLS
3/05/2026
Listed
$369,000
-69.25%
MLS
1/25/2024
Sold
$1,200,000
—
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 1128 W 5th
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,546
217%
$306,000
201%
2023
$1,119
—
$101,528
2%
2023
$1,119
2%
$99,538
2%
2022
$1,100
2%
$97,587
2%
2021
$1,080
—
$95,674
1%
2020
$1,077
2%
$94,694
2%
2019
$1,057
2%
$92,838
2%
2018
$1,038
2%
$91,018
2%
2017
$1,016
9%
$89,235
2%
2016
$928
—
$87,487
2%
2015
$928
2%
$86,174
2%
2014
$906
-1%
$84,487
—
2013
$912
—
$84,106
—
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 1128 W 5th
1128 W 5th, Chico, CA 95928 (MLS# SN26048853) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 1128 W 5th is currently listed for $349,000 and was received on March 05, 2026. Want to learn more about 1128 W 5th? 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.

