202 2nd Avenue, Chico, CA 95926

A unique 5-unit apartment building ideally located at 202 W. 2nd Avenue. Built in 1895, the property features a well-balanced unit mix consisting of three (3) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) three-bedroom/two-bath unit. This variety of layouts caters to a wide range of renters, including students, medical staff, and working professionals. The property benefits from its prime location near both Enloe Medical Center and Chico State University, two of the city’s largest demand drivers. Residents enjoy convenient access to employment, higher education, retail, dining, and entertainment while still being situated within a quiet neighborhood setting known as The Avenues. With established in-place income and below-market rents, 202 W. 2nd Avenue presents investors with a compelling value-add opportunity. Interior and common area upgrades offer meaningful upside potential, while the property’s historic charm and irreplaceable location ensure long-term rental demand and investment stability.