1515 Arcadian AVE new Save Request In-Person Tour Request Virtual Tour
Chico,CA 95926
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