555 Morgan Dr

4
Baths
2,523 Sq. Ft.
$236 / Sq. Ft.
2,523
Sq. Ft.
$236
per Sq. Ft.

Description

Well-maintained, income-producing duplex with strong rental history. Each unit features a functional and tenant-friendly layout with open living space, private backyard retreat, and a one-car garage. Both units share mirror-image floor plans. Each unit offers a 3 bedroom, 2 bathroom layout with a convenient downstairs bath and all bedrooms privately located upstairs. Both units are leased, providing built-in income from day one. This is a turn-key investment in a convenient location near shopping...Well-maintained, income-producing duplex with strong rental history. Each unit features a functional and tenant-friendly layout with open living space, private backyard retreat, and a one-car garage. Both units share mirror-image floor plans. Each unit offers a 3 bedroom, 2 bathroom layout with a convenient downstairs bath and all bedrooms privately located upstairs. Both units are leased, providing built-in income from day one. This is a turn-key investment in a convenient location near shopping and everyday amenities, a solid addition to any portfolio.
  1. Listed by Dustin Cheatham • DRE #01972561 • Brokerage DRE #02014153 • Upside Real Estate • 530-767-3714

Property Details for 555 Morgan Drive

Architectural Style
Contemporary
View
Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Central Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 05/27/2026 02:36 PM

Property Details for 555 Morgan Drive

StatusPending
MLS #SN26083097
Days on Compass38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2006
Lot Size0.14 AC / 6,098 SF
CountyButte County

Location

Listing Courtesy of Upside Real Estate, Dustin Cheatham, DRE #01972561
Add your commute

Building Information for 555 Morgan Drive

Stories2Residences-Year Built2006Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,410 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,965

Property Taxes

$445

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 555 Morgan Drive

Rental Info
Rental Info
  • Tenant Pays: Gas, Trash Collection, Water, Sewer, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $45,000
  • Gross Scheduled Income: $45,000
  • Gross Equity: $43,200
  • Gross Operating Income: $45,000
  • Net Operating Income: $42,864
  • Other Income Description: Tenants pay $75 ea/mo to Owner
  • Gross Multiplier: 13.2
Expense Details
  • Operating Expense: $2,136
  • Gardener Expense: $1,800
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $2,136
  • Total Expenses: $2,136
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $1
  • Tax Lot: 17
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Gutters, Curbs, Biking, Foothills, Street Lights, Storm Drains, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Microwave, Refrigerator, Gas Range, Dishwasher
  • Equipment: Dishwasher, Inside, Microwave, Refrigerator
  • Interior Features: Ceiling Fan(s), Open Floorplan
  • Room Type: All Bedrooms Up
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Tile, Carpet
  • Flooring: Tile, Carpet
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: See Remarks
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage Faces Front, Driveway
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $3,600
  • Unit Type Pro Forma: 43200
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 2

Property History for 555 Morgan Drive

DateEvent & SourcePriceAppreciation
May 27, 2026

Pending

CRMLS #SN26083097

May 25, 2026

Pending

CLAW #SN26083097MR

May 25, 2026

Pending

SDMLS #SN26083097

DateEvent & SourcePrice
05/27/2026

Pending

CRMLS #SN26083097

05/25/2026

Pending

CLAW #SN26083097MR

05/25/2026

Pending

SDMLS #SN26083097

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 555 Morgan Drive

Taxable ValueLand$147,916Additions$271,939Total$419,855
Tax Record2025$5,335 ($445 / month)
Home Facts
Baths4Total Finished SqFt2,523 SqFtAbove Grade Finished SqFt2,523 SqFtStories2Lot Size6,098 SqFtStyleDuplexYear Built2006ZoningR2CountyBUTTEAPN007-220-041-000

Schools near 555 Morgan Drive

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Mcmanus (John A.) Elementary School
PublicK to 5

Bidwell Junior High School
Public6 to 8

Pleasant Valley High School
Public9 to 12

Oak Bridge Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Upside Real Estate, Dustin Cheatham, DRE #01972561

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.