The Iconic “Stumble House” – Prime Investment Opportunity Near CSU Chico | For Sale | 544 W 3rd Street, Chico, CA
$1,132,800
544 W 3rd Street, Chico, CA 95928
3,434 sqft
Building Size
0.1271 acres
Lot Area
Details:
Highlights:
- Fully-leased student housing asset steps from CSU campus in downtown Chico, CA.
- Walk Score of 96 ensures exceptional neighborhood accessibility.
- Finished basement with separate entrance.
- Off‑street parking and in-unit laundry included.
- Adjacent property at 536 W 3rd Street is also available for purchase.
Description:
544 W 3rd Street, Chico, CA offers a fully-leased multi-tenant investment opportunity one block from California State University, Chico. Known as the “Stumble House,” this property spans three levels including a finished basement with separate entrance. It features original Douglas fir flooring, built-in elements, and vintage charm. Part of the Language Houses group, the building has a stable rental history with consistent annual increases and early pre-leasing. Amenities include in-unit washer and dryer and off-street parking. The asset operates at a 5.5% cap rate with solid cash flow.
Located in one of Chico’s most active student housing areas, the property boasts a Walk Score of 96 and benefits from close proximity to CSU Chico, which enrolled 14,581 students in 2024. Downtown Chico, restaurants, retail, and entertainment are all within walking distance. Strong pedestrian traffic, nearby transit options, and on-site parking add to its long-term rental appeal.
Documents:
| Title | ||
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| 544W3rdStreet-Chico_BrochureV2.pdf |
Location
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