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432 Nord Avenue

Chico, CA 95926

– beds
– baths
– sqft
~1/2 acre lot
1938 build
– on site

Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.

Listed By CRMLS_CA / Matt Depa / Re/Max of Chico / 530-896-9300

Last checked: Checking… • Last updated Oct 22, 2024 •

MLS# SN24200192 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1938
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

1216.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

1
Stories Total:

1
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Levels:

One
Entry Location:

Front
Laundry:

Individual Room
Laundry:

1

Location

Directions:

Home is located on Nord Ave
Latitude:

39.72790600
Longitude:

-121.85279100

The Property

Property Type:

Residential Income
Subtype:

Single Family Residence
Lot Features:

6-10 Units/Acre, Back Yard
Lot Size Area:

23958.0000
Lot Size Acres:

0.5500
Lot Size SqFt:

23958.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5.02
Tax Lot:

13

The Listing

Special Listing Conditions:

Standard
Parcel Number:

043230031000

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Conventional Septic
Water Source:

Public

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Price Changed	CRMLS_CA	$550,000	4.0%
10/22/24 Oct 22, 2024	Price Changed	CRMLS_CA	$529,000	-3.8%
10/7/24 Oct 7, 2024	Listed / Active	CRMLS_CA	$550,000

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This multifamily located in California State University-Chico, Chico, CA 95926 is currently for sale for $550,000. 432 Nord Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 39 days. 432 Nord Avenue is in the California State University-Chico neighborhood of Chico and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Chico High School, Chico Junior High School, and Citrus Elementary School.

Listing Courtesy of: CRMLS_CA and Re/Max of Chico. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.