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Listed by Brent Silberbauer • eXp Realty of California, Inc.

$1,650,000

Est. payment - /mo

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0.87 Acres Lot

Pending

1612 Neal Dow Chico, CA 95926

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRSN26004411

Year Built 1961

Lot Size 0.870 Acres

Source California Regional MLS

Property Description

This premier 13-unit multifamily property presents an exceptional investment opportunity in the heart of central Chico. Ideally located in a highly sought-after area, the property offers convenient access to shopping, dining, entertainment, and major local amenities, making it consistently desirable for tenants. The property is 100% occupied and features a well-balanced unit mix, including seven 1-bedroom/1-bath units, five 2-bedroom/1-bath units, and a separate 2-bedroom single-family residence complete with a private patio and attached two-car garage. Each unit is thoughtfully designed with modern layouts, high-end finishes, and updated appliances. Residents enjoy private amenities along with shared outdoor spaces, including a community garden area, an open grass space and on-site laundry. The combination of modern conveniences, strong occupancy, and an attractive unit mix positions this property for continued demand. With its prime location, quality construction, and upside potential through future rental growth, this multifamily asset offers a compelling opportunity for investors seeking stable income and long-term value appreciation in one of Chico's most desirable rental markets.

Location

State CA

County Butte

Rooms

Kitchen Hood Over Range, Oven Range - Electric, Refrigerator, Oven - Electric

Interior

Heating Wall Furnace

Laundry Laundry Area

Exterior

Parking Features Garage, Common Parking Area, Off-Street Parking

Garage Spaces 17.0

Pool None

View Local/Neighborhood

Roof Type Composition

Building

Lot Description Trees

Story One Story

Water District - Public

Others

Tax ID 045142007000

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Sierra View Elementary School

Public | KG - 6
8

Chico Country Day

Public | KG - 8
6

Core Butte Charter

Public | KG - 12
6

Wildflower Open Classroom

Public | KG - 8
6

Hooker Oak Elementary School

Public | KG - 8
6

Sherwood Montessori

Public | KG - 8
6

Parkview Elementary School

Public | KG - 6
5

Emma Wilson Elementary School

Public | KG - 6
5

Rosedale Elementary School

Public | KG - 6
5

Neal Dow Elementary School

Public | KG - 6
5

Marigold Elementary School

Public | KG - 6
5

Little Chico Creek Elementary School

Public | KG - 6
4

Blue Oak Charter

Public | KG - 8
4

Pivot Charter School North Valley

Public | KG - 12
3

McManus (John A.) Elementary School

Public | KG - 6
2

Citrus Avenue Elementary School

Public | KG - 6
1

Oakdale

Public | KG - 12
1

Chapman Elementary School

Public | KG - 6
0

Notre Dame School

Private | KG - 8
0

Rose Scott Learning Community

Private | KG - 10

Middle Schools 5

6

Bidwell Junior High School

Public | 7 - 8
6

Marsh (Harry M.) Junior High School

Public | 7 - 8
5

Chico Junior High School

Public | 7 - 8
1

Center for Alternative Learning

Public | 6 - 12
0

Academy for Change

Public | 7 - 12

High Schools 6

9

Inspire School of Arts and Sciences

Public | 9 - 12
9

Pleasant Valley High School

Public | 9 - 12
7

Chico High School

Public | 9 - 12
0

Fair View High (Continuation)

Public | 9 - 12
0

Champion Christian School

Private | 9 - 12
0

Butte County Regional Occupational Program

Public | 9 - 12

School and business data provided by Attom Data.

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321