615 Rancheria Dr

Chico, CA 95926

$699,000
Price
8
Beds
3,604 Sq. Ft.
$194 / Sq. Ft.
3,604
Sq. Ft.
$194
per Sq. Ft.
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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....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.
  1. Listed by Elijah Simmons • DRE #02215373 • Brokerage DRE #02166225 • Nex Gen Real Estate

Property Details for 615 Rancheria Drive

Architectural Style
Traditional, Contemporary
Zoning
Residential
View Description
City
Cross Street
W 5th St
Total Parking Spaces
6
LISTING UPDATED: 04/13/2026 11:13 AM

Property Details for 615 Rancheria Drive

StatusActive
MLS #226040537
Days on Compass10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1971
Lot Size0.21 AC / 9,147 SF
CountyButte County
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Location

Listing Courtesy of Nex Gen Real Estate, Elijah Simmons, DRE #02215373
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Building Information for 615 Rancheria Drive

Stories-Residences-Year Built1971Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

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$3,852 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,520

Property Taxes

$332

HOA Dues

$0

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Property Information for 615 Rancheria Drive

Summary
Location and General Information
  • Area/District: 12548
  • Area Short Display: 12548
  • Directions to Property: From CA-99, take W 5th St west to Rancheria Dr, turn right. Property on right.
  • Accessibility Features: None
  • Area Long Display: Chico (central west)
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 043180031000
School Information
  • School District (County): Butte
  • Elementary School District: Chico Unified
  • Middle or Junior School District: Chico Unified
  • Senior High School District: Chico Unified
Parking
  • Parking Features: Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 6
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 3604.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 9148.0
  • Lot Features: Landscape Front, Sidewalk, Curbs/Gutters
  • Property Condition: Updated/Remodeled
Property and Assessments
  • Security Features: Security Lights, Smoke Detector, Fire Extinguisher, Carbon Mon Detector
  • Picture Count: 83
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Construction Materials: Wood Siding, Wood, Glass, Concrete
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Septic System
  • Water Source: Water Public
  • Separate Meters: Electricity
  • Utilities: Natural Gas Connected, Internet Available, Electric, Cable Available
Interior and Exterior Features
Exterior Features
  • Foundation: Slab
  • Levels: Two
  • Patio And Porch Features: Enclosed Patio, Balcony/Deck
  • Roof: Shingle
  • # of Floors: 2
Interior Features
  • Heating: Central
  • Cooling: Window Unit(s), Central, Ceiling Fan(s)
  • Flooring: Luxury Vinyl Plank, Carpet
  • Appliances: Free Standing Electric Range, Free Standing Electric Oven, Electric Cook Top, Disposal, Microwave, Dishwasher, Gas Water Heater, Free Standing Refrigerator
  • Laundry Features: Other
  • # of Guest Space(s): 0
  • Window Features: Window Screens, Window Coverings
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 4
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $72,000.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 4
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: Lower Level unit to the left.
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 4
  • Unit 1 Approx SqFt: 900
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: Lower Level unit to the right
  • Unit 2 Full Baths: 1
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 900
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Description: Upper Level unit to the left
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 900
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Description: Upper Level unit to the right
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 900
  • Unit 4 Type: Apartment

Property History for 615 Rancheria Drive

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Listed (Active)

REBAREIS #226040537

$699,000—
Feb 28, 2026

Listed (Active)

SDMLS #SN26064060

$699,000—
Oct 6, 2025

Withdrawn

CRMLS #SN25173083

$700,000—
DateEvent & SourcePrice
04/13/2026

Listed (Active)

REBAREIS #226040537

$699,000
02/28/2026

Listed (Active)

SDMLS #SN26064060

$699,000
10/06/2025

Withdrawn

CRMLS #SN25173083

$700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 615 Rancheria Drive

Taxable ValueLand$178,500Additions$418,144Total$596,644
Tax Record2025$3,988 ($332 / month)
Home Facts
Baths1Total Finished SqFt3,604 SqFtAbove Grade Finished SqFt3,604 SqFtStories2Lot Size9,147 SqFtStyleQuadraplexYear Built1971ZoningR3CountyBUTTEAPN043-180-031-000

Schools near 615 Rancheria Drive

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Citrus Avenue Elementary School
Public - K to 5
Chico Junior High School
Public - 6 to 8
Chico High School
Public - 9 to 12
Inspire School of Arts and Sciences
Charter - 9 to 12
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Inspire School of Arts and Sciences
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 615 Rancheria Drive, Chico, CA 95926

615 Rancheria Drive is a multi-family home for sale in Chico, CA 95926. This property was listed for sale on April 13, 2026 by Nex Gen Real Estate, it's currently listed at $699,000. It has been on the market for a total of 10 days and was last sold on November 14, 2023. This listing's school district is Chico Unified School District. Nearby schools include Citrus Avenue Elementary School, Chico Junior High School and Chico High School. 615 Rancheria Drive is a 8-bed, 4-bath, 3,604 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nex Gen Real Estate, Elijah Simmons, DRE #02215373

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.