615 Rancheria Drive #1-4, Chico, CA 95926

Chico
Local realty services provided by:ERA Donahoe Realty
615 Rancheria Drive #1-4,Chico, CA 95926
$699,000
  • - Beds
  • - Baths
  • 3,604 sq. ft.
  • Multi-family
  • Active
Listed by: sam mickens
Office: nexgen real estate916-666-0360
MLS#:SN26064060
Source:CRMLS

Price summary

  • Price:$699,000
  • Price per sq. ft.:$193.95

About this home

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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Home facts

  • Year built:1971
  • Listing ID #:SN26064060
  • Added:19 day(s) ago
  • Updated:May 03, 2026 at 10:30 AM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
  • Living area:3,604 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1971
  • Building area:3,604 sq. ft.
  • Lot area:0.21 Acres
  • Lot Features:Landscaped, Near Park, Near Public Transit, Paved, Rectangular Lot
  • Architectural Style:Traditional
  • Construction Materials:Concrete, Drywall, Glass, Wood Siding
  • Exterior Features:Lighting
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Septic Tank, Sewer Not Available

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$193.95

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Cook Top, Electric Oven
  • Amenities:Balcony, Bar, Carbon Monoxide (CO2) Detector, Ceiling Fans, Koi Pond, Open Floor Plan, Storage, Water Heater

Parking

  • Total parking spaces:6
  • Parking description:Asphalt, On Street, Private
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