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Sold for $1,650,000
    • Listed by: eXp Realty of California, Inc. • Brent Silberbauer • Contact: 888-584-9427
    Bought with: eXp Realty of California, Inc.
    $1,650,000

    1612 Neal Dow Ave, Chico, CA 95926

    19beds
    13baths
    9,600sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $1,625,800 Zestimate®
    $172/sqft
    $1,836 Estimated rent

    Home value

    $1,625,800

    $1.46M - $1.80M

    $1,836/mo

    Zestimate® history
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    $10,363/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brent Silberbauer DRE #02019819 5308642404,

    eXp Realty of California, Inc.

    Bought with:

    Brent Silberbauer, DRE #02019819

    eXp Realty of California, Inc.

    Source: CRMLS,MLS#: SN26004411MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 19
    • Bathrooms: 13
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: All Bedrooms Down
    Heating
    • Wall Furnace
    Cooling
    • Ductless
    Appliances
    • Included: Electric Oven, Electric Range, Refrigerator, Range Hood
    • Laundry: Common Area
    Features
    • Ceiling Fan(s), All Bedrooms Down
    • Flooring: Wood
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,600
    • Total interior livable area: 9,600 sqft

    Property

    Parking
    • Total spaces: 17
    • Parking features: Garage, On Site, Off Street
    • Garage spaces: 2
    • Uncovered spaces: 15
    Accessibility
    • Accessibility features: Safe Emergency Egress from Home
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 0.87 Acres
    • Features: Front Yard, Garden, Lawn, Landscaped, Sprinkler System, Trees, Yard
    Details
    • Parcel number: 045142007000
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Biking, Curbs, Street Lights, Sidewalks
    Location
    • Region: Chico

    Financial & listing details

    • Price per square foot: $172/sqft
    • Date on market: 1/12/2026
    • Listing terms: Cash,Cash to New Loan,Submit
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    3/12/2026Sold$1,650,000$172/sqft
    Source: CRMLS #SN26004411 Report a problem
    1/12/2026Pending sale$1,650,000$172/sqft
    Source: CRMLS #SN26004411 Report a problem
    11/7/2024Listing removed$1,495
    Source: CRMLS #SN24221715 Report a problem
    10/26/2024Listed for rent$1,495+45.9%
    Source: CRMLS #SN24221715 Report a problem
    2/15/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/1/2024Listed for rent$1,025+3%
    Source: Zillow Rentals Report a problem
    9/14/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/23/2023Listed for rent$995
    Source: Zillow Rentals Report a problem
    12/29/2022Listing removed--
    Source: Zillow Rentals Report a problem
    12/21/2022Listed for rent$995
    Source: Zillow Rentals Report a problem
    11/23/2022Listing removed--
    Source: Zillow Rental Network Premium_1 Report a problem
    11/2/2022Listed for rent$995+28.4%
    Source: Zillow Rental Network Premium_1 Report a problem
    11/17/2015Listing removed$775
    Source: Sheraton Real Estate Management Report a problem
    11/4/2015Listed for rent$775-24.4%
    Source: Sheraton Real Estate Management Report a problem
    12/26/2013Listing removed$1,025
    Source: Sheraton Real Estate Management Report a problem
    11/13/2013Listed for rent$1,025
    Source: Sheraton Real Estate Management Report a problem
    6/21/2013Listing removed$1,025
    Source: Sheraton Real Estate Management Report a problem
    5/16/2013Price change$1,025+10.8%
    Source: Sheraton Real Estate Management Report a problem
    4/18/2013Listed for rent$925
    Source: Sheraton Real Estate Management Report a problem
    3/3/2013Listing removed$925
    Source: Sheraton Real Estate Management Report a problem
    2/21/2013Listed for rent$925
    Source: Sheraton Real Estate Management Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 95926

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    An equal housing lender. NMLS #10287.

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