1612 Neal Dow

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.