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 Details
Price:
$989,000
MLS #:
SN26099676
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
May 14, 2026
Total Sq Ft:
3,854
Lot Size:
36,155 sqft / 0.83 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Cooling
CA
Heating
CF
Laundry Features
IN
Levels
A
Exterior
Common Walls
NCW
Community Features
SDW
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Maintenance Fee
$5,000
Map
Community
- Address997 E 16th Chico CA
- CityChico
- CountyButte
- Zip Code95928
Market Summary
Current real estate data for Single Family in Chico as of May 31, 2026
431
Single Family Listed
97
Avg DOM
288
Avg $ / SqFt
$425,857
Avg List Price
Property Summary
- 997 E 16th Chico CA is a Single Family for sale in Chico, CA, 95928. It is listed for $989,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1962. The average price per square foot for Single Family listings in Chico is $288. The average listing price for Single Family in Chico is $425,857.
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