997 E 16th Chico, CA ^$ 989,000

997 E 16th

^$ 989,000

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Recently Listed

997 E 16th

Chico, CA, 95928

^$ 989,000

Studio Baths1.0 Sq 3,854

Monthly Estimate*

^$ 6,089

Listed by Capital Rivers Commercial Inc

Studio

Multi-Family Home for sale in Chico, CA

for $989,000 with 1 full bath. This 3,854 square foot home was built in 1962 on a lot size of 0.83.

Investment opportunity with three separate homes situated on .83-acre lot offering significant future potential. Explore the possibility of adding additional ADUs and potential lot split options (buyer to investigate and confirm with city/county planning departments). Perfect setup for rental income, multigenerational living, or phased development. Existing homes provide immediate usability while future improvements create substantial upside. Rare combination of current cash flow and future expansion opportunity.

Multi-Family Active

Price

^$ 989,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.83

Year Built

1962

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN26099676

Days on Market

Features

General

Sewer Septic Tank

Heating Central

Cooling Central Air

Garage Spaces 2

Pool Features None

Year Built 1962

Stories Count 1

Levels One

Property Subtype Single Family Residence

Gross Income 7800

Community Features Sidewalks

County Butte

Net Operating Income 68341

Operating Expense 25259

Insurance Expense 4700

New Construction false

Property Type Residential Income

MaintenanceExpense 5000

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions From E 20th St turn onto C st turn right onto E 16th St. Property on the right

City Chico

Entry Location Front

Senior Community Y/N false

Number Of Units Total 3

Lot Size Units Square Feet

Lot Size Square Feet 36155

Listing Terms Cash Conventional 1031 Exchange

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 960

Water Sewer Expense 1680

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 17 18

Property Sub Type Additional Single Family Residence

Taxes 10879

Interior

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Laundry Features Inside

Entry Level 0

Exterior

Lot Features Back Yard Landscaped

Water Source Public

Total Parking 2

Lot Size Area 36155

Number of Buildings 3

Building Area Total 3854

Lot Size Acres 0.83

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 3

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

* Excluded Features

List By

Capital Rivers Commercial Inc

Broker

matt.depa@capitalrivers.com

Affordability Calculator

$6,089

Per Month

Monthly Principal & Interest: $6,089
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chico, CA

Average List Price ^$1,028,940

Percent of Sale Price 4%

About Chico, CA

92,365 Population

18% Since 2002

^$46,766 Median Income

32.42 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/14/2026	$989,000		Listed Price

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997 E 16th, Chico, CA, 95928 is a Multi-Family Home for sale at $989,000 with 3,854 sqft and a lot size of 0.83. 997 E 16th is a studio with 1.0 baths and was built in 1962. The property's zip code is 95928 which is in Chico, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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997 E 16th

Multi-Family Home for sale in Chico, CA

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