$1,280,000

390 Henshaw Ave Chico, CA 95973

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0.41 acres

Residential Income · Multi Family · Built 1971 · 81 days on Properkey

Description

Charming 8 unit apartment building located at 390 Henshaw Avenue in Chico. Built in 1971, the subject property is 5,656 square feet and consists of all two-bedroom one bath units measuring approximately 707 square feet each. The Henshaw Apartments is situated on a .41 acre lot and two separate 4 unit buildings. Roofs are new as of 2025 along with numerous other capex upgrades including, plumbing, electrical panels, exterior paint, windows, flooring, appliances and HVAC units. The property is offered at $1,280,000, representing $160,000 per unit and an attractive going-in cap rate of 6.94%. With strong in-place cash flow, a desirable all two-bedroom unit mix, and extensive recent capital improvements, Henshaw Apartments provides investors with a well-maintained, stabilized asset requiring limited near-term capital investment.

Agent & source

Listed by
Marc Guillon
Brokerage
North Valley Real Estate Advis
DRE
#01839798
Email
[email protected]
MLS # 226095529 Source MetroList Services

Property details

Rooms & Layout

Levels
1 story
Laundry
In Each Unit

Property Features

Lot features
Other

Building & Construction

Construction Materials
Stucco
Foundation
Other

Exterior & Parking

Parking
Other

Interior & Comfort

Heating
Other
Cooling
Wall Unit(s)
Flooring
Other

Utilities

Water Source
Other
Sewer
Septic System
Other
Irrigation
Other

Nearby

Active Pending Closed Rental
Elementary
Chico Unified District
Middle
Chico Unified District
High
Chico Unified District

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All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable.

Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: October 18, 2026 10:56 PM PT
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