Sold for $657,500

Listed by: NexGen Real Estate • Sam Mickens • 916-666-0360

Bought with: Keller Williams Realty Chico Area

$657,500

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

8beds

4baths

3,604sqft

Quadruplex

Built in 1971

-- sqft lot

$655,200 Zestimate^®

$182/sqft

$1,183 Estimated rent

Home value

$655,200

$609,000 - $708,000

$1,183/mo

Zestimate^® history

Owner options

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$1,183/mo

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$1,183/mo

Rent Zestimate^®

Refinance and save

$4,167/mo

Est. payment

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$4,167/mo

Est. payment

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What's special

Functional and modern layout

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Rooms

Room types: Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Refrigerator, Water Heater
Laundry: None

Features

Balcony, Ceiling Fan(s), Open Floorplan, Storage, Bar
Flooring: Carpet, Vinyl
Doors: Sliding Doors
Windows: Blinds
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 3,604
Total interior livable area: 3,604 sqft

Property

Parking

Total spaces: 6
Parking features: Asphalt, Private, On Street
Uncovered spaces: 6

Accessibility

Accessibility features: Parking

Features

Levels: Two
Stories: 2
Entry location: Ground level
Exterior features: Lighting
Pool features: None
Spa features: None
Fencing: Wood
Has view: Yes
View description: None

Lot

Size: 9,148 Square Feet
Features: Landscaped, Near Park, Near Public Transit, Paved, Rectangular Lot

Details

Parcel number: 043180031000
Special conditions: Standard
Other equipment: Satellite Dish

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex

Materials

Drywall, Glass, Concrete, Wood Siding
Foundation: Slab
Roof: Shingle

Condition

Turnkey
New construction: No
Year built: 1971

Utilities & green energy

Electric: Standard
Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available

Community & HOA

Community

Features: Biking, Curbs, Fishing, Golf, Gutter(s), Lake, Mountainous, Street Lights, Suburban, Park
Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security Lights

Location

Region: Chico

Financial & listing details

Price per square foot: $182/sqft
Date on market: 4/13/2026
Cumulative days on market: 25 days
Listing terms: Cash,FHA,VA Loan
Inclusions: All fixtures included. All appliances included.
Exclusions: None
Tenant pays: All Utilities
Road surface type: Paved

Price history

Date	Event	Price
6/24/2026	Sold	$657,500-5.9%$182/sqft
Source: CRMLS #SN26064060 Report a problem
5/8/2026	Pending sale	$699,000$194/sqft
Source: CRMLS #SN26064060 Report a problem
4/13/2026	Listed for sale	$699,000$194/sqft
Source: CRMLS #SN26064060 Report a problem