615 Rancheria Drive 1-4 Chico, CA $ 699,000
615 Rancheria Drive 1-4
$ 699,000
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615 Rancheria Drive 1-4

Chico, CA, 95926
$ 699,000
Baths1.0 Sq 3,604

Monthly Estimate*

$ 4,304

Listed by NexGen Real Estate
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Studio

Multi-Family Home for sale in Chico, CA

for $699,000 with 1 full bath. This 3,604 square foot home was built in 1971 on a lot size of 0.21.

Exceptional investment opportunity just steps from California State University, Chico! This well-located fourplex at 615 Rancheria Dr. offers strong rental history and exceptional income potential in one of Chico’s most desirable student housing areas. Situated directly behind Chico State, the property benefits from consistent tenant demand, making it an ideal addition to any investor’s portfolio. The property features [4] units with a functional and modern layout, providing steady income potential and opportunity for future upside. Tenants will appreciate the proximity to campus, downtown Chico, local dining, shopping, and public transportation. The location alone ensures high occupancy and long-term desirability. Whether you’re a seasoned investor or looking to get started in multifamily real estate, this is a rare chance to own a property in a prime Chico rental market. Don’t miss the opportunity to capitalize on location, demand, and growth potential.

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Multi-Family Active

Price

$ 699,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.21

Year Built

1971

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN26064060

Days on Market

51

Features
General
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Not Available Water Available
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Electric Cooktop Electric Oven Disposal Refrigerator Water Heater
HOA Fee 0
Garage Spaces 0
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s) Security Lights
Construction Materials Drywall Glass Concrete Wood Siding
Exclusions None
Year Built 1971
Electric Standard
Tenant Pays All Utilities
View None
Stories Count 2
Levels Two
Unit Number 1-4
Property Subtype Quadruplex
Gross Income 0
Community Features Biking Curbs Fishing Golf Gutter(s) Lake Mountainous Street Lights Suburban Park
Accessibility Parking
County Butte
Net Operating Income 59000
Operating Expense 12050
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Contingency Agents please ensure buyers are made aware that all information is obtained through sources deemed reliable however accuracy cannot be guaranteed. Buyers are encouraged to investigate and verify all information and aspects of the property via inspections. Both lower level units are vacant both upper level units are owner occupied and will require 24 hour advanced notice. Private Parking lot has [6] uncovered spaces behind the building.
MaintenanceExpense 5000
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From CA-99 exit East Ave. Head west turn right on Cohasset Rd then left on Rancheria Dr.
City Chico
Entry Location Ground level
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 9148
Number of Units Leased 0
Listing Terms Cash FHA VA Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Property Condition Turnkey
Trash Expense 1250
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Owner
Tax Lot 31
Property Sub Type Additional Quadruplex
Cap Rate 7.2
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Interior
Interior Amenities Balcony Ceiling Fan(s) Open Floorplan Storage Bar
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Laundry Features None
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Wood
Parking Features Asphalt Private On Street
Lot Features Landscaped Near Park Near Public Transit Paved Rectangular Lot
Water Source Public
Total Parking 6
Inclusions All fixtures included. All appliances included.
Lot Size Area 9148
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 3604
Lot Size Acres 0.21
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Sliding Doors
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type City Street
Other Equipment Satellite Dish
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* Excluded Features
List By
Nexgen Real Estate

Broker

sam@nexgenrealestate.net

Email

Affordability Calculator

$4,304
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,304
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
4/13/2026$699,000 Listed Price

Map


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615 Rancheria Drive 1-4, Chico, CA, 95926 is a Multi-Family Home for sale at $699,000 with 3,604 sqft and a lot size of 0.21. 615 Rancheria Drive 1-4 is a studio with 1.0 baths and was built in 1971. The property's zip code is 95926 which is in Chico, CA