What is the asking price for 997 E 16th Street?

The lease rate for space here is Contact for pricing.

What is the total size of 997 E 16th Street?

The property has a total square footage of 3,854 SF.

When was this property built?

997 E 16th Street was built in 1962.

How many parking spaces are available at 997 E 16th Street?

Parking information for the property isn't currently listed. However, other nearby parking options include Business Lane Parking, located 0.51 miles away , and Chico Mall Parking, which is 0.61 miles away.

997 E 16th Street, Chico, CA 95928

For Sale $935,000
Property Type Multi-Family
Property Size 3,854 SF
Units 3
Lot Size 0.83 Acre
Building Class C
Year Built 1962
Year Renovated 2025
Date Updated Jul 24, 2026

Description

Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Nearby amenities and employment centers support long-term rental demand, while proximity to Sierra Nevada Brewing Co. and surrounding destinations enhances neighborhood accessibility and appeal.Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Nearby amenities and employment centers support long-term rental demand, while proximity to Sierra Nevada Brewing Co. and surrounding destinations enhances neighborhood accessibility and appeal.

Highlights

Current cash flow with projected upside through future development and value-add improvements.
Existing residences provide immediate rental income and occupancy flexibility.
Potential for additional ADUs and future lot split opportunities, subject to approvals.
Three-home investment with development upside in Chico, CA.