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
For sale
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company,
Ryan Vaught DRE #01444141,
Ryno Company
$1,595,000
1500 Sheridan Ave, Chico, CA 95926
14beds
9baths
5,870sqft
Est.:
Multi Family
Built in 1965
0.26 Acres Lot
$1,522,800 Zestimate®
$272/sqft
$-- HOA
What's special
Laundry on site
- 21 days
- on Zillow |
- 357 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: May 08, 2025 at 05:23am
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company,
Ryan Vaught DRE #01444141,
Ryno Company
Source: CRMLS,MLS#: SN25096646
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 9
Bedroom 1
- Area: 565
Bedroom 2
- Area: 790
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
Video & virtual tour
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, Lot 10000-19999 Sqft
Details
- Parcel number: 003460016000
- Zoning: CITY
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Multi Family
- 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 & HOA
Community
- Features: Biking, Curbs, Sidewalks, Street Lights
Location
- Region: Chico
Financial & listing details
- Price per square foot: $272/sqft
- Date on market: 5/1/2025
- Tenant pays: All Utilities
- Income includes: Laundry
- Electric utility on property: Yes
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