2164 Oak Way
About This Property
Discover the timeless charm and extraordinary setting of this five-acre ranchette homestead, ideally situated along the Lindo Channel on the west side of Chico. Surrounded by mature walnut trees, lush greenery, meandering walkways and abundant natural beauty, this special property offers a rare opportunity to enjoy space, privacy, and the peaceful character of country living-while still being close to Chico amenities.
At the heart of the property stands a magnificent approximately 900-year-old oak tree, creating a breathtaking natural focal point and a truly memorable backdrop. The extended patio provides the perfect place to relax, entertain or simply enjoy the tranquility of the setting while watching the abundant wildlife and taking in the beautiful surroundings
The three-bedroom, one-and-a-half bath home, built in the 1960's, is filled with character and unique touches that give it a warm, inviting personality. Lovingly maintained and cherished by the same family for generations, the home offers an appealing blend of vintage charm and comfortable living.
The property also features a large shop, newer well pump, and substantial parking capacity, providing an excellent flexibility for hobbies, projects, equipment, guests, or future homesteading possibilities. And this property has already created special memories-Weddings have even been celebrated here! With its mature trees, historic oak, natural beauty, and generous acreage, 2164 Oak Way is far more than a home-it is a truly special piece of Chico History waiting for its next chapter. A rare opportunity to own five beautiful acres with character and charm and endless potential!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by Parkway Real Estate Co. | $625,000 | |
| Listed by Parkway Real Estate Co. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017