1500 Sheridan Avenue is a well-maintained, multifamily residential property in the heart of Chico, California. The property presents a strong opportunity for both stable cash flow and value-add potential. Situated in a desirable residential neighborhood, the property benefits from proximity to California State University, Chico, Enloe Medical Center, and Chico’s downtown amenities. The area has consistent rental demand due to its combination of student, professional, and long-term residential populations. Access to public transportation and nearby retail increases its appeal for tenants. • Total units: 8 (all renovated) • Unit configurations: 1 to 2 bedrooms, 1 to 2 bathrooms • Total bedrooms/bathrooms: 14 beds, 9 baths • Total living area: ~5,870 sq ft • Unit sizes: Ranging from 565 to 790 sq ft • Laundry on site • Centrally located • Quiet, friendly community setting • Easy access to shopping, dining, and public transportation • Highly attractive location for a variety of renters • Modern amenities reduce maintenance costs and enhance tenant satisfaction • Strong rental demand in the area supports consistent occupancy rates
Off market
Listing Provided by:
$1,411,800
1500 Sheridan Ave, Chico, CA 95926
--beds
--baths
5,870sqft
Mixed Use
Built in 1965
-- sqft lot
$1,411,800 Zestimate®
$241/sqft
$1,333 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 07:17pm
Source: CRMLS,MLS#: SN25096646
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Electric Range, Microwave, Refrigerator
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,870
- Total interior livable area: 5,870 sqft
Property
Parking
- Total spaces: 9
- Parking features: Paved
- Uncovered spaces: 9
Features
- Levels: Two
- Stories: 2
- Entry location: Multiple
- Pool features: None
- Spa features: None
Lot
- Size: 0.26 Acres
- Features: 6-10 Units/Acre
Details
- Parcel number: 003460016000
- Zoning: CITY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Biking, Curbs, Street Lights, Sidewalks
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange