Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property's prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.
For sale
Listed by: Capital Rivers Commercial Inc
$650,000
618 Rancheria Dr, Chico, CA 95926
8beds
4baths
3,016sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$216/sqft
$-- HOA
What's special
- 11 days |
- 267 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Matt Depa DRE #01861484 530-514-6288,
Capital Rivers Commercial Inc
Source: CRMLS,MLS#: SN26126309
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,016
- Total interior livable area: 3,016 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 8,276 Square Feet
- Features: Level, Walkstreet
Details
- Parcel number: 043180025000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Chico
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $591,336
- Annual tax amount: $7,693
- Date on market: 6/15/2026
- Cumulative days on market: 11 days
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $650,000+12.1%$216/sqft |
Source:  CRMLS #SN26126309 Report a problem | ||
| 6/25/2024 | Sold | $579,800-3.2%$192/sqft |
Source: CRMLS #SN24103591 Report a problem | ||
| 5/27/2024 | Pending sale | $599,000$199/sqft |
Source: CRMLS #SN24103591 Report a problem | ||
| 5/22/2024 | Listed for sale | $599,000+122.7%$199/sqft |
Source: CRMLS #SN24103591 Report a problem | ||
| 7/30/2015 | Sold | $269,000$89/sqft |
Source: Public Record Report a problem | ||
| 6/11/2015 | Pending sale | $269,000$89/sqft |
Source: Century 21 Jeffries Lydon #CH15113185 Report a problem | ||
| 6/11/2015 | Listed for sale | $269,000-8.8%$89/sqft |
Source: Century 21 Jeffries Lydon #CH15113185 Report a problem | ||
| 9/10/2014 | Listing removed | $295,000$98/sqft |
Source: Coldwell Banker DuFour Realty #CH14065699 Report a problem | ||
| 4/3/2014 | Listed for sale | $295,000+11.3%$98/sqft |
Source: Coldwell Banker DuFour Realty #CH14065699 Report a problem | ||
| 5/24/2002 | Sold | $265,000+39.5%$88/sqft |
Source: Public Record Report a problem | ||
| 4/5/2001 | Sold | $190,000+52%$63/sqft |
Source: Public Record Report a problem | ||
| 1/16/1997 | Sold | $125,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,693 +78.1% | $591,336 +89.5% |
| 2024 | $4,319 +1% | $312,029 +2% |
| 2023 | $4,279 +1.3% | $305,932 +2% |
| 2022 | $4,223 +1.5% | $299,954 +2% |
| 2021 | $4,160 +0.2% | $294,093 +1% |
| 2020 | $4,151 +1.4% | $291,089 +2% |
| 2019 | $4,091 +1.5% | $285,402 +2% |
| 2018 | $4,032 +0.8% | $279,827 +2% |
| 2017 | $3,999 +7.3% | $274,360 +2% |
| 2016 | $3,728 +5.7% | $269,000 -17.1% |
| 2015 | $3,526 +2% | $324,579 +2% |
| 2014 | $3,456 | $318,320 +22.4% |
| 2013 | -- | $260,000 +20.9% |
| 2012 | -- | $215,000 -29.5% |
| 2011 | -- | $304,795 +0.7% |
| 2010 | -- | $302,555 -0.2% |
| 2009 | -- | $303,262 +2% |
| 2008 | -- | $297,415 +2% |
| 2007 | -- | $291,683 +2% |
| 2006 | -- | $286,063 +2% |
| 2005 | -- | $280,553 +2% |
| 2004 | -- | $275,151 +1.8% |
| 2003 | -- | $270,200 +39.5% |
| 2002 | -- | $193,760 +44.6% |
| 2001 | -- | $134,023 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
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
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- California
- Butte County
- Chico
- 95926
- The Avenues
- 618 Rancheria Dr
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