Property Details
About this Property
College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses
MLS Listing Information
MLS #
CRSN25136861
MLS Source
California Regional MLS
Days on Site
10
Interior Features
Appliances
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
642 W 1st Ave is a Residential Income in Chico, CA 95926. This – square foot property sits on a 19,602 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,760,000 and was built in 1984. This address can also be written as 642 W 1st Ave, Chico, CA 95926.
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This listing information is up-to-date as of July 14, 2025. For the most current information, please contact Brandon Harris, (530) 419-1600
