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Chico, CA

$935,000

997 E 16th, Chico, CA
1962
Built
69
Days listed

About this home

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.

Facts & features

Interior
Heating
Central
Cooling
Central Air
Laundry
Inside
Levels
One
Exterior & lot
Lot size
0.83 acres (36,155 sq ft)
Pool
None
Year built
1962
Parking spaces
2
Community
County
Butte
Community features
Sidewalks
Listing details
Status
Active
Property type
Single Family Residence
Days on market
69
Listed
2026-05-14
Original price
$989,000
Terms
Cash, Conventional, Exchange 1031
Parcel #
005422020000
MLS #
SN26099676
Listed by
Matt Depa · Capital Rivers Commercial Inc
530-896-9340matt.depa@capitalrivers.comDRE #01861484

Location

Price history

Listed
$989,000 · 2026-05-14
Price reduced
$935,000 (−$54,000)
Days on market
69
Current price
$935,000
Financing

Could this home be yours?

Estimated monthly payment
$5,865
$4,728 principal & interest · $1,138 taxes & insurance
$187,000
Estimate only
Loan $748,000

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Listing data provided by CRMLS

Listing courtesy of Capital Rivers Commercial Inc. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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