- For Sale $565,000
- Property Type Multi-Family
- Property Size 3,717 SF
- Units 5
- Lot Size 0.21 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1960
- Date Updated Jun 6, 2026
Description
Located just steps from the Avenues and near Enloe Health, the property benefits from a well-established rental area with consistent demand. The surrounding neighborhood includes residential and neighborhood-serving uses with convenient local access. The site layout supports tenant circulation and usability, with potential to enhance parking and exterior improvements over time.This ±5-unit multifamily property is comprised of three separate buildings, offering a flexible layout suitable for a range of rental strategies. The all-original improvements offer character and present an opportunity for renovation or continued operation in current condition. Select units feature in-unit laundry, adding convenience for tenants and supporting rental stability. A shared central courtyard provides a functional common area for outdoor use and resident gathering. The unit mix and building configuration allow for potential repositioning to meet evolving market demand.
Highlights
- Five units across three buildings supporting flexible rental configurations.
- Five-unit income property opportunity in Chico, CA.
- Located near Enloe Health and the Avenues with steady rental demand.
- Shared courtyard offers functional outdoor space for tenant use.
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Contacts
Matt Depa CCIM
Capital Rivers Commercial
Location
Located at 1825 Magnolia Avenue, Chico, CA 95926, this property is part of the The Avenues neighborhood.
Contact Listing Broker
Matt Depa CCIM
Capital Rivers Commercial