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615 E Rancheria Drive, Chico, CA 95926

Chico
Local realty services provided by:CENTURY 21 Masters
615 E Rancheria Drive,Chico, CA 95926
$699,000
  • 8 Beds
  • 4 Baths
  • 3,604 sq. ft.
  • Multi-family
  • Pending
Listed by: elijah simmons
Office: nex gen real estate
MLS#:226040537
Source:CABAREIS

Price summary

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

About this home

Well-maintained 4-unit investment property located just minutes from Chico State University, offering strong income history and excellent long-term upside. Each unit features a functional layout with consistent tenant demand in a highly desirable rental pocket near campus, shopping, and public transportation. The property has an ability to generate $6,000+/month in rental income, making it an attractive opportunity for both seasoned investors and owner-occupants looking to offset living expenses. With a projected cap rate of approximately 7.2%, this asset delivers solid cash flow with potential for future rent growth. Situated in a prime location known for stable occupancy and high rental demand, this property presents a rare opportunity to acquire a performing multifamily asset in the Chico market. Ideal for investors seeking immediate income with additional upside potential. Buyer to verify all information including income, expenses, and property details.

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Home facts

  • Year built:1971
  • Listing ID #:226040537
  • Updated:June 13, 2026 at 07:39 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet
  • Living area:3,604 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central, Window Unit(s)
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1971
  • Building area:3,604 sq. ft.
  • Lot area:0.21 Acres
  • Lot Features:Curbs/Gutters, Landscape Front, Sidewalk
  • Architectural Style:Contemporary, Traditional
  • Foundation Description:Slab

Schools

  • Elementary school:Chico Unified

Utilities

  • Water:Public
  • Sewer:Septic System

Finances and disclosures

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

Parking

  • Total parking spaces:6
  • Parking description:Uncovered
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