615 Rancheria Dr, Chico, CA

Name: 615 Rancheria Dr, For Sale in Chico - Zoocasa
Brand: Nex Gen Real Estate
SKU: 226040537
Price: 699000 USD

House

For Sale

Listed price in listed location currency (USD).

$699,000

006

MLS® 226040537

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 3604 sqft

Garage

Taxes

Days Active 2

Lot Size

Approx. Age 1971

Avg. Price Per Sqft $193

MLS® Number 226040537

Property Address: 615 Rancheria Dr, Chico, CA, 95926-4457

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number226040537

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1971

Basement

DrivewayUncovered

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

Jan 1, 1800End Date

Not Sold YetSold Price

For Sale

Apr 13, 2026List Date

$699,000List Price

Map

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