997 E 16th Chico, CA 95928

$989,000 Active

About the Property

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.

Property Information

Size 3,854 SqFt
Price/SqFt $257
Lot Size 0.83 Acres
Year Built 1962
Property Type Residential Income
Listing Number SN26099676
Listed 5/14/2026
Modified 5/21/2026
Listing Agent Matt Depa
Listing Office Capital Rivers Commercial Inc
Total Building 3
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Water Meters
  • 3
Community Features
  • Sidewalks
Cooling
  • Central Air
Garage Spaces
  • 2.00
Gross Income
  • 7800.00
Gross Scheduled Income
  • 93600.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 68341.00
Operating Expense
  • 25259.00
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 329667
Sewer
  • Conventional Septic
StoriesTotal
  • 1
Total Expenses
  • 25259.00
Water Source
  • Public