Listed by Matthew Herman, Keller Williams Realty Chico Area, (530) 809-3700
131 W 3rd Ave
Chico, CA 95926
The Avenues
10 Beds
6 Baths
5,512 sqft
10 Beds
6 Baths
5,512 sqft
Local Information
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Description
Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$150
Listed
51 days ago
Home Details for 131 W 3rd Ave
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Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 6 |
Appliances & Utilities Appliances: Dryer, WasherDryerLaundry: In GarageWasher |
Heating & Cooling Heating: Forced AirHas HeatingHeating Fuel: Forced Air |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageParking Spaces: 1Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 50Days on Market: 51 |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 003064014000 |
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Price List Price: $829,000Price Per Sqft: $150 |
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MLS Status: Active |
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Direction & Address City: Chico |
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Listing Agent Listing ID: SN26059148 |
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Building Area Building Area: 5512 Square Feet |
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Community Features: Biking, CurbsNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6098 sqft |
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Special Conditions: Standard |
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Contingencies: NoneListing Terms: Cash to New Loan |
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No Rent Control |
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Mls Number: SN26059148Living Area Range Units: Square FeetAttribution Contact: 5302127373Common Interest: Community ApartmentUniversal Property Id: US-06007-N-003064014000-R-N |
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BikingCurbsSource Internet Entire Listing Display |
Last check for updates: about 9 hours ago
Listing Provided by: Matthew Herman DRE #01505777, (530) 212-7373
Keller Williams Realty Chico Area
Originating MLS: California Regional MLS
Price History for 131 W 3rd Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/09/2026 | $829,000 | PriceChange | CRMLS #SN26059148 |
| 03/19/2026 | $849,000 | Listed For Sale | CRMLS #SN26059148 |
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Comparable Sales for 131 W 3rd Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.37 | Multi-Family Home | $540,000 | 08/15/25 | 12 | 6 | 3,232 | |
0.56 | Multi-Family Home | $730,000 | 04/10/26 | 16 | 8 | 5,376 | |
0.58 | Multi-Family Home | $1,025,000 | 10/23/25 | 19 | 10 | 5,828 | |
0.52 | Multi-Family Home | $975,000 | 04/02/26 | 16 | 8 | 4,800 | |
0.25 | Multi-Family Home | $405,000 | 11/28/25 | 4 | 3 | 1,808 | |
0.93 | Multi-Family Home | $645,000 | 04/17/26 | 8 | 7 | 4,293 | |
0.80 | Multi-Family Home | $539,500 | 08/26/25 | 6 | 4 | 2,400 | |
0.89 | Multi-Family Home | $725,000 | 09/03/25 | 16 | 8 | 3,529 | |
0.48 | Multi-Family Home | $565,000 | 08/11/25 | 3 | 3 | 1,750 | |
1.20 | Multi-Family Home | $600,000 | 04/01/26 | 11 | 5 | 3,980 |
Assigned Schools
These are the assigned schools for 131 W 3rd Ave.
- Chico Junior High School
- 6-8
- Public
- 861 Students
7/10GreatSchools RatingParent Rating AverageHorrible special education teacher Holly Gutierrez. Tara Towne-Robins is unhelpful, rude and loves to nitpick, instead of lifting a finger to help. Attendance is an absolute mess. I took my child out as soon as possible. Everyone there is passive aggressive and expects you to read their minds, but never actually contact you and let you know what’s going on. Also, make sure you sign EVERYTHING, even optional documents or they threaten you. My child was so stressed she became Ill.Parent Review3y ago - Chico High School
- 9-12
- Public
- 1804 Students
7/10GreatSchools RatingParent Rating AverageAbsolutely horrible school. They have no one communicating with each other. The counselors are MIA and never call amyone back. Same goes for the principals and the front desks. The only one that will ever call back is the attendance person (pfcourse because if the kids dont show up the school doesnt get funded) which is why im honeschooling now. Oroville High is much much better. They should be ashamed of themselves.Parent Review2y ago - Citrus Avenue Elementary School
- K-5
- Public
- 383 Students
6/10GreatSchools RatingParent Rating AverageSince Principal Shirley Williams arrived four years ago, Citrus has been transformed. She got rid of the dead wood on the teaching staff - and there was a lot of it - and hired fantastic new young excited teachers who are super tech-savvy and enthusiastic. There are tens of thousands of dollars of new books in the library and a new standard of behavior expectations. A partnership with a community group has resulted in two new computer labs and a student store where kids spend "power paws" they earn by going above and beyond the call of duty. Parents are participating in greater numbers as they feel welcomed and encouraged. There is a real family culture at the school and the kids are cherished.Teacher Review11y ago 
Check out schools near 131 W 3rd Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about The Avenues
At least 33 Trulia users voted on each feature.
88 % Say it's dog friendly
85 % Say car is needed
81 % Say parking is easy
79 % Say there are sidewalks
66 % Say yards are well-kept
58 % Say there's holiday spirit
53 % Say neighbors are friendly
49 % Say it's walkable to restaurants
45 % Say kids play outside
45 % Say it's quiet
42 % Say it's walkable to grocery stores
40 % Say people would walk alone at night
33 % Say they plan to stay for at least 5 years
30 % Say streets are well-lit
30 % Say there's wildlife
13 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Matthew Herman, Keller Williams Realty Chico Area
Agent Phone: (530) 212-7373
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
131 W 3rd Ave, Chico, CA 95926 is a 10 bedroom, 6 bathroom, 5,512 sqft multi-family built in 1963. 131 W 3rd Ave is located in The Avenues, Chico. This property is currently available for sale and was listed by CRMLS on Mar 19, 2026. The MLS # for this home is MLS# SN26059148.