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Listed by Brent Silberbauer • eXp Realty of California, Inc.
$1,650,000
Est. payment /mo
0.87 Acres Lot
Pending
1612 Neal Dow Chico, CA 95926
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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
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