831 Rio Chico Way

$585,000
Price
7
Beds
3
Baths
1,956 Sq. Ft.
$299 / Sq. Ft.
1,956
Sq. Ft.
$299
per Sq. Ft.

Description

Situated in a highly coveted location just steps from Chico State University, vibrant downtown Chico, and an array of local amenities, this charming duplex offers an exceptional investment opportunity. Whether you're aiming to generate additional income or grow your real estate portfolio, this property features two well-designed units that blend comfort with convenience. Each unit includes its own private entrance for enhanced tenant privacy, along with a thoughtfully arranged kitchen complete with...Situated in a highly coveted location just steps from Chico State University, vibrant downtown Chico, and an array of local amenities, this charming duplex offers an exceptional investment opportunity. Whether you're aiming to generate additional income or grow your real estate portfolio, this property features two well-designed units that blend comfort with convenience. Each unit includes its own private entrance for enhanced tenant privacy, along with a thoughtfully arranged kitchen complete with bar seating—ideal for casual meals. Sunlight fills the spacious living areas through abundant windows, showcasing the early 1900s character that sets this property apart. The large bedrooms offer a comfortable retreat, complemented by ceiling fans throughout to maintain year-round comfort. Additional highlights include a shared laundry area, private front decks for each unit, a generous backyard perfect for relaxing or entertaining, eight parking spaces per tenant, and the modern comfort of central heating and air. Whether you're an experienced investor or just beginning your real estate journey, this is a rare opportunity to own a classic Chico property with both timeless charm and strong income potential. Don’t miss your chance—invest in one of Chico’s most desirable locations today!
  1. Listed by Matt Depa • DRE #01861484 • Brokerage DRE #01522447 • Capital Rivers Commercial Inc • 530-514-6288

Property Details for 831 Rio Chico Way

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1956
LISTING UPDATED: 12/01/2025 10:14 PM

Property Details for 831 Rio Chico Way

StatusActive
MLS #SN25268263
Days on Compass17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.17 AC / 7,405 SF
CountyButte County

Location

Listing Courtesy of Capital Rivers Commercial Inc, Matt Depa, DRE #01861484
Add your commute

Building Information for 831 Rio Chico Way

Stories2Residences-Year Built1905Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$3,342 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,891

Property Taxes

$451

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 831 Rio Chico Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,650
  • Gross Scheduled Income: $55,800
  • Vacancy Allowance: 2790
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $35,404
Expense Details
  • Operating Expense: $17,906
  • New Taxes Expense: $6,581
  • Gardener Expense: $1,825
  • Electric Expense: $300
  • Insurance Expense: $2,100
  • Maintenance Expense: $3,000
  • Trash Expense: $1,700
  • Water Sewer Expense: $2,400
  • Total Expenses: $17,906
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 21
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s), Recessed Lighting
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Carpet, Laminate
  • Flooring: Carpet, Laminate
Exterior Features
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $24,000
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $31,800
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
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: 1

Property History for 831 Rio Chico Way

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

SDMLS #SN25268263

$585,000
Dec 1, 2025

Listed (Active)

CRMLS #SN25268263

$585,000
Dec 1, 2025

Listed (Active)

CLAW #SN25268263MR

$585,000
Aug 7, 2025

Expired

CRMLS #SN25033118

Aug 7, 2025

Expired

CRMLS #SN25112278

Aug 6, 2025

Expired

SDMLS #SN25112278

$650,000
Aug 6, 2025

Expired

SDMLS #SN25033118

$650,000
Aug 6, 2025

Expired

CLAW #SN25112278MR

$650,000
Aug 6, 2025

Expired

CLAW #SN25033118MR

$650,000
Jun 7, 2025

Price Change

CRMLS #SN25112278

$650,000
Jun 7, 2025

Price Change

CRMLS #SN25033118

$650,000
May 20, 2025

Listed (Active)

CLAW #SN25112278MR

$699,000
May 20, 2025

Listed (Active)

SDMLS #SN25112278

$699,000
May 20, 2025

Listed (Active)

CRMLS #SN25112278

$699,000
May 6, 2025

Price Change

CLAW #SN25033118MR

$699,000
May 6, 2025

Price Change

CRMLS #SN25033118

$699,000
Mar 17, 2025

Price Change

CLAW #SN25033118MR

$725,000
Mar 17, 2025

Price Change

CRMLS #SN25033118

$725,000
Feb 14, 2025

Listed (Active)

CLAW #SN25033118MR

$795,000
Feb 14, 2025

Listed (Active)

SDMLS #SN25033118

$795,000
Feb 14, 2025

Listed (Active)

CRMLS #SN25033118

$795,000
DateEvent & SourcePrice
12/01/2025

Listed (Active)

SDMLS #SN25268263

$585,000
12/01/2025

Listed (Active)

CRMLS #SN25268263

$585,000
12/01/2025

Listed (Active)

CLAW #SN25268263MR

$585,000
08/07/2025

Expired

CRMLS #SN25033118

08/07/2025

Expired

CRMLS #SN25112278

08/06/2025

Expired

SDMLS #SN25112278

$650,000
08/06/2025

Expired

SDMLS #SN25033118

$650,000
08/06/2025

Expired

CLAW #SN25112278MR

$650,000
08/06/2025

Expired

CLAW #SN25033118MR

$650,000
06/07/2025

Price Change

CRMLS #SN25112278

$650,000
06/07/2025

Price Change

CRMLS #SN25033118

$650,000
05/20/2025

Listed (Active)

CLAW #SN25112278MR

$699,000
05/20/2025

Listed (Active)

SDMLS #SN25112278

$699,000
05/20/2025

Listed (Active)

CRMLS #SN25112278

$699,000
05/06/2025

Price Change

CLAW #SN25033118MR

$699,000
05/06/2025

Price Change

CRMLS #SN25033118

$699,000
03/17/2025

Price Change

CLAW #SN25033118MR

$725,000
03/17/2025

Price Change

CRMLS #SN25033118

$725,000
02/14/2025

Listed (Active)

CLAW #SN25033118MR

$795,000
02/14/2025

Listed (Active)

SDMLS #SN25033118

$795,000
02/14/2025

Listed (Active)

CRMLS #SN25033118

$795,000

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

Public Records for 831 Rio Chico Way

Taxable ValueLand$264,751Additions$203,179Total$467,930
Tax Record2025$5,409 ($451 / month)
Home Facts
Beds7Baths2Total Finished SqFt1,956 SqFtAbove Grade Finished SqFt1,956 SqFtStories2Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1905Year Renovated1940ZoningR3CountyBUTTEAPN004-021-005-000

Schools near 831 Rio Chico Way

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 5
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Rosedale Elementary School
PublicK to 5

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.

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831 Rio Chico Way is a multi-family home for sale in Chico, CA 95928. This property was listed for sale on December 1, 2025 by Capital Rivers Commercial Inc, it's currently listed at $585,000. This listing's school district is Chico Unified School District. Nearby schools include Citrus Avenue Elementary School, Chico Junior High School and Chico High School. 831 Rio Chico Way is a 7-bed, 3-bath, 1,956 sqft multi-family home built in 1905.

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 Capital Rivers Commercial Inc, Matt Depa, DRE #01861484

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.