618 Rancheria Drive Chico, CA $ 650,000
618 Rancheria Drive
$ 650,000
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618 Rancheria Drive

Chico, CA, 95926
$ 650,000
Baths1.0 Sq 3,016

Monthly Estimate*

$ 4,002

Listed by Capital Rivers Commercial Inc
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Studio

Multi-Family Home for sale in Chico, CA

for $650,000 with 1 full bath. This 3,016 square foot home was built in 1965 on a lot size of 0.19.

Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property's prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.19

Year Built

1965

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN26126309

Days on Market

2

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Sewer Connected
Garage Spaces 0
Pool Features None
Year Built 1965
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 4215
Community Features Sidewalks
County Butte
Net Operating Income 31995
Operating Expense 18585
Insurance Expense 3094
New Construction false
Property Type Residential Income
MaintenanceExpense 2000
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Between W 1st Ave & W Sacramento Ave
City Chico
Entry Location Front
Senior Community Y/N false
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 8276
Listing Terms Cash Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 2794
Water Sewer Expense 2862
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 25
Property Sub Type Additional Apartment
Taxes 7150
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Entry Level 0
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Exterior
Lot Features Level Walkstreet
Water Source Public
Total Parking 0
Lot Size Area 8276
Number of Buildings 1
Building Area Total 3016
Lot Size Acres 0.19
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Capital Rivers Commercial Inc

Broker

matt.depa@capitalrivers.com

Email

Affordability Calculator

$4,002
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$650,000 Listed Price

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618 Rancheria Drive, Chico, CA, 95926 is a Multi-Family Home for sale at $650,000 with 3,016 sqft and a lot size of 0.19. 618 Rancheria Drive is a studio with 1.0 baths and was built in 1965. The property's zip code is 95926 which is in Chico, CA