| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 62nd | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Fremont St, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Fremont St Chico Multifamily Investment Opportunity
Positioned in an inner-suburb pocket of Chico with strong neighborhood fundamentals and a deep renter base, this 40-unit asset benefits from steady tenant demand and competitive positioning, according to CRE market data from WDSuite.
The property sits in an A+ rated neighborhood ranked within the top tier among 74 metro neighborhoods in Chico, offering investors amenity convenience and durable renter demand. Cafes, restaurants, groceries, parks, and pharmacies benchmark above national norms, supporting daily-life livability that helps with leasing velocity and retention (per WDSuite's CRE market data).
Neighborhood occupancy is stable near the metro average, and the area shows a high renter concentration, with the share of housing units that are renter-occupied notably above most U.S. neighborhoods. For an operator, that depth of renter households translates into a broader tenant funnel and helps support occupancy stability over cycles.
Within a 3-mile radius, recent years show population growth and an increase in households, expanding the tenant base; forward-looking data point to smaller household sizes and continued household growth even as population levels are expected to edge lower. For multifamily owners, a rising household count generally supports leasing activity and renewal prospects, while smaller households can favor apartments over larger ownership options.
Home values in the neighborhood sit in a high-cost ownership context relative to local incomes (upper national percentiles), which tends to reinforce renter reliance on multifamily housing and can support pricing power. Median rents have risen over the past five years, and the neighborhood's rent-to-income ratio is comparatively moderate, suggesting measured room for revenue management while maintaining resident retention focus.
Vintage matters: built in 1984 versus a neighborhood average year of 1991, this asset is older than much of the surrounding stock. That typically implies targeted capital planning and value-add potential through unit upgrades, systems modernization, and curb-appeal improvements to stay competitive with newer product.
Safety trends should be underwritten thoughtfully. Neighborhood safety benchmarks track below national percentiles, indicating comparatively higher reported crime versus many U.S. neighborhoods. Recent readings show property offenses roughly flat year over year and an uptick in violent offenses; investors may want to incorporate enhanced onsite management, lighting, and access controls to support resident experience.
At the metro level, the neighborhood's positioning indicates it is not among the top-performing safety cohorts in Chico. Operators should budget for security-forward operations and community engagement, and weigh how proximity to amenities and employment can offset perception risks in leasing.
This 40-unit, 1984-vintage asset in an A+ rated Chico neighborhood combines a deep renter pool with amenity-rich surroundings and a high-cost ownership backdrop that supports multifamily demand. Based on CRE market data from WDSuite, the submarket shows solid renter concentration, metro-competitive occupancy, and rent levels that have trended upward while remaining relatively manageable versus incomes—a mix that favors steady leasing and renewal performance.
Forward-looking, 3-mile demographics indicate an expanding household base and smaller household sizes, which typically enlarge the renter pipeline. The vintage creates clear value-add pathways via interior upgrades and systems refresh to sharpen competitive positioning against newer stock, while disciplined operations can address safety headwinds and sustain occupancy.
- A+ neighborhood with strong amenity access and competitive occupancy supports leasing stability
- Deep renter-occupied housing share and high-cost ownership market reinforce multifamily demand
- 3-mile household growth and smaller household sizes expand the tenant base over time
- 1984 vintage offers value-add and systems modernization upside to enhance competitive standing