1612 Neal Dow Chico, CA 95926

$1,650,000 Pending

About the Property

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.

Property Information

Size 9,600 SqFt
Price/SqFt $172
Lot Size 0.87 Acres
Year Built 1961
Property Type Residential Income
Listing Number SN26004411
Listed 1/12/2026
Modified 1/12/2026
Listing Agent Brent Silberbauer
Listing Office eXp Realty of California, Inc.
Total Building 4
Total Units 13

Property Features

# Electric Meters
  • 14
# Gas Meters
  • 14
# Units Leased
  • 13
# Water Meters
  • 1
Accessibility Features
  • 2+ Access Exits
Cap Rate
  • 5.81
Cooling
  • Ductless
Fireplace
  • None
Flooring
  • Wood
Garage Spaces
  • 2.00
Gross Income
  • 169337.00
Gross Scheduled Income
  • 169337.00
Heating
  • Wall Furnace
Interior
  • Ceiling Fan(s)
Levels
  • One
Net Operating Income
  • 95809.00
Operating Expense
  • 65062.00
Parking Total
  • 17.00
Pool
  • None
Price Pe rUnit
  • 126923
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 65062.00
Uncovered Spaces
  • 15.00
Views
  • Neighborhood
Water Source
  • Public
Tenant Pays
  • Electricity
  • Gas
Appliances
  • Electric Oven
  • Electric Range
  • Range Hood
  • Refrigerator
Community Features
  • Biking
  • Curbs
  • Sidewalks
  • Street Lights
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected