For sale

Listed by: Capital Rivers Commercial Inc • Matt Depa • Contact: 530-896-9340

Price cut: $15K (6/22)

$974,000

997 E 16th St, Chico, CA 95928

10beds

5baths

3,854sqft

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Multi Family

Built in 1962

-- sqft lot

$935,500 Zestimate^®

$253/sqft

$-- HOA

What's special

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.

52 days

356

17

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 5

Heating

Central

Cooling

Central Air

Appliances

Laundry: Inside

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 3,854
Total interior livable area: 3,854 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None

Lot

Size: 0.83 Acres
Features: Back Yard, Landscaped

Details

Parcel number: 005422020000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1962

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Chico

Financial & listing details

Price per square foot: $253/sqft
Tax assessed value: $514,998
Annual tax amount: $6,005
Date on market: 5/14/2026
Cumulative days on market: 52 days
Listing terms: Cash,Conventional,1031 Exchange

Estimated market value

$935,500

$889,000 - $982,000

$1,514/mo

Price history

Date	Event	Price
6/22/2026	Price change	$974,000-1.5%$253/sqft
Source: CRMLS #SN26099676 Report a problem
5/14/2026	Listed for sale	$989,000+99.8%$257/sqft
Source: CRMLS #SN26099676 Report a problem
8/3/2025	Listing removed	$3,650$1/sqft
Source: Zillow Rentals Report a problem
5/14/2025	Listed for rent	$3,650$1/sqft
Source: Zillow Rentals Report a problem
10/21/2022	Sold	$495,000+169.8%$128/sqft
Source: Public Record Report a problem
6/29/2012	Sold	$183,500$48/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,005 +6.7%	$514,998 +2%
2024	$5,629 +1.2%	$504,900 +2%
2023	$5,562 -1.3%	$495,000 -1%
2022	$5,635 +15.8%	$500,000 +134.2%
2021	$4,864 +100.2%	$213,506 +1%
2020	$2,429 +1.7%	$211,318 +2%
2019	$2,388 +2.1%	$207,175 +2%
2018	$2,339 +2%	$203,114 +2%
2017	$2,292 +9.3%	$199,132 +2%
2016	$2,096 +2.3%	$195,229 +1.5%
2015	$2,049	$192,297 +2%
2014	$2,049	$188,531 +65.6%
2013	--	$113,851 +2%
2012	--	$111,619 +2%
2011	--	$109,431 +0.8%
2010	--	$108,615 -0.2%
2009	--	$108,874 +2%
2008	--	$106,740 +2%
2007	--	$104,648 +2%
2006	--	$102,597 +2%
2005	--	$100,586 +2%
2004	--	$98,614 +1.9%
2003	--	$96,808 +2%
2002	--	$94,910 +2%
2001	--	$93,050

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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