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.
Sold for $657,500
Listing Provided by: NexGen Real Estate
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
$657,300 Zestimate®
$182/sqft
$1,441 Estimated rent
Home value
$657,300
$624,000 - $697,000
$1,441/mo
Zestimate® history
Owner options
List your home for rent
$1,441/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,441/mo
Rent Zestimate®
Refinance and save
$4,137/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,137/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Functional and modern layout
Zillow last checked:
Listing updated:
Listing Provided by:
Sam Mickens DRE #01973466 916-666-0360,
NexGen Real Estate
Bought with:
Matthew Herman, DRE #01505777
Keller Williams Realty Chico Area
Source: CRMLS,MLS#: SN26064060
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
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 sqft
- 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 & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s), Security Lights
Community
- Community features: Biking, Curbs, Fishing, Golf, Gutter(s), Lake, Mountainous, Street Lights, Suburban, Park
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,FHA,VA Loan
- 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 | ||
Public tax history
Tax history is unavailable.
Neighborhood: The Avenues
Nearby schools
GreatSchools rating
- 6/10Citrus Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Chico Junior High SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 0.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- California
- Butte County
- Chico
- 95926
- The Avenues
- 615 Rancheria Dr Unit 1-4
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Chico Topics
