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Property view

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

$657,500


Bed


Bath


3,604

Sq Ft


Multi-Family

Sold

Listed by

Sam Mickens

Bought with Keller Williams Realty Chico Area

Nexgen Real Estate

916-666-0360

MLS#

SN26064060

Source:

CRMLS

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About This Home

615 Rancheria Drive #1-4

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.

Home Facts

Multi-Family

Built in 1971

Price Summary

699,000

$193 per Sq. Ft.

MLS #:

SN26064060

Sold:

June 24, 2026


Rooms & Interior

Interior

Living Area:

3,604 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

3,604 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

9,147


Finances & Disclosures

Finances

Price:

$699,000

Price per Sq. Ft:

$193 per Sq. Ft.

Source:CRMLS
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