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$849,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago
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Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Full Property Details for 131 W 3rd

General

  • Price: $849,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SN26059148
  • Updated: 3/25/2026
  • Days on Market: 16 days
  • Added to Site: 16 day(s) ago

Rooms

Other Rooms

  • Laundry: In Garage, Washer Included, Dryer Included

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 1

Location

  • County: Butte
  • Driving Directions: From the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esplanade and Citrus Ave

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 4
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 5,512
  • Year Built: 1963

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: 1

Unit 4

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

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size Source: Assessor
  • Lot Description: 6-10 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $154.03
  • Price Per Unit: 169800

Listed by Keller Williams Realty Chico Area, Matthew Herman

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Listing agent

— 131 W 3rd —

  • Matthew Herman

    Keller Williams Realty Chico Area

5302127373

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 131 W 3rd

School District:Chico Unified School District
NameGradesDistance
Citrus Avenue Elementary School
1350 Citrus Avenue, Chico, CA 95926
K-50.2 mi
Chico Junior High School
280 Memorial Way, Chico, CA 95926
6-80.6 mi
Chico High School
901 Esplanade, Chico, CA 95926
9-120.3 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 131 W 3rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/19/2026
Listed
$849,000
27.67%
MLS
1/03/2024
Sold
$665,000
—
Public Record
Get Price Alerts and Save Property
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 for 131 W 3rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,986
1%
$678,300
7%
2023
$6,903
—
$630,992
2%
2023
$6,903
2%
$618,621
2%
2022
$6,793
2%
$606,492
2%
2021
$6,665
—
$594,601
1%
2020
$6,646
2%
$588,505
2%
2019
$6,526
2%
$576,966
2%
2018
$6,406
9%
$565,653
9%
2017
$5,886
18%
$520,000
9%
2016
$5,007
1%
$475,000
2%
2015
$4,976
2%
$465,000
1%
2014
$4,900
-2%
$460,000
—
2013
$4,989
—
$460,000
—
View All
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 for 131 W 3rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty Chico Area, Matthew Herman

Recent Sales near 131 W 3rd

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1 Gold Creek Way, Durham, CA 95928 - Photo 1 Sold
$970,000

1 Gold Creek Way  Durham, CA 95928

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,533
    Sq. Ft.

131 W 3rd, Chico, CA 95926 (MLS# SN26059148) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 131 W 3rd is currently listed for $849,000 and was received on March 19, 2026. Want to learn more about 131 W 3rd? 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.

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