271 E 8th
About This Property
Located in the heart of Chico, the home is within easy walking distance to the nightlife and many great restaurants that the downtown area has to offer as well as both the Thursday and Saturday Farmer's Markets, the iconic Bidwell Park and also Chico State University. Whether you are looking for a clean, comfortable and inexpensive first home, or a fantastic turnkey addition to your investment portfolio, this property can do it all!
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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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by Re/Max of Chico | $325,000 | |
| Listed by Re/Max of Chico | |||
| Jan 6, 2023 | No longer available | - | |
| No longer available | |||
| Dec 6, 2022 | Listed by REMAX of Paradise | $225,000 | |
| Listed by REMAX of Paradise | |||
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Bring the tools and the creativity! This property will be the perfect canvas for all of your ideas. Located near the gateway to downtown Chico, this property would make a great starter home for someone that wants to be in the middle of all the action, or would make a great addition to your investment portfolio as well. The manager has listed the unit size as 1486 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017