Date
Details
Price
Change
Source
11/14/2023
Sold
$585,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/83
$699,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 615 E Rancheria Dr
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General
- Price: $699,000
- Status: Active
- Type: Multi-Family
- Source: BAREIS
- MLS ID: 226040537
- Updated: 4/13/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Free Standing Electric Range, Free Standing Electric Oven, Electric Cook Top, Disposal, Microwave, Dishwasher, Gas Water Heater, Free Standing Refrigerator
- Flooring: Luxury Vinyl Plank, Carpet
Rooms
Other Rooms
- Laundry: Other
Additional Information
- Security/Safety: Security Lights, Smoke Detector, Fire Extinguisher, Carbon Mon Detector
Exterior
- Porch/Patio/Deck: Enclosed Patio, Balcony/Deck
Parking
- Parking: Uncovered
Location
- Cross Streets: W 5th St
- Driving Directions: From CA-99, take W 5th St west to Rancheria Dr, turn right. Property on right.
School Information
- School District: Butte
- Elementary School: Chico Unified
- Middle School: Chico Unified
- High School: Chico Unified
Heating & Cooling
- Cooling Type: Window Unit(s), Central, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Septic System
- Water: Public
- Utility Description: Natural Gas Connected, Internet Available, Electricity, Cable TV Available
Structural Information
- # Buildings: 1
- Architectural Style: Traditional, Contemporary
- Construction: Wood Siding, Wood, Glass, Concrete
- Roof: Shingle
- Windows: Window Screens, Window Coverings
- Square Feet: 3,604
- Year Built: 1971
Unit Information
- 2 Bedroom Units: 4
Unit 1
- Unit Description: Apartment
- Square Feet: 900
- Bedrooms: 2
Unit 2
- Unit Description: Apartment
- Square Feet: 900
- Bedrooms: 2
Unit 3
- Unit Description: Apartment
- Square Feet: 900
- Bedrooms: 2
Unit 4
- Unit Description: Apartment
- Square Feet: 900
- Bedrooms: 2
Lot Features
- Property View: City
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Zoning: Residential
- Lot Description: Landscape Front, Sidewalk, Curbs/Gutters
Financial Considerations
- Tenant Pays: Water, Trash Collection, Grounds Care, Gas, Electricity, Rent Only, Cable TV
Disclosures and Reports
- Special Conditions: None
Listing provided by Nex Gen Real Estate, Elijah Simmons
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Listing agent
— 615 E Rancheria Dr —
Elijah Simmons
Nex Gen Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 615 E Rancheria Dr
School District:Chico Unified School District
| Name | Grades | Distance |
|---|---|---|
Citrus Avenue Elementary School 1350 Citrus Avenue, Chico, CA 95926 | K-5 | 0.4 mi |
Chico Junior High School 280 Memorial Way, Chico, CA 95926 | 6-8 | 0.8 mi |
Chico High School 901 Esplanade, Chico, CA 95926 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 615 E Rancheria Dr
Tax History
Tax History for 615 E Rancheria Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,988
-41%
$596,644
2%
2023
$6,762
—
$585,000
-3%
2023
$6,762
-15%
$604,659
13%
2022
$7,997
8%
$536,000
11%
2021
$7,431
5%
$485,000
7%
2020
$7,101
—
$452,000
—
2019
$7,097
10%
$450,000
15%
2018
$6,426
43%
$390,000
—
2017
$4,489
19%
$390,000
11%
2016
$3,762
6%
$350,000
8%
2015
$3,552
8%
$325,000
8%
2014
$3,283
15%
$300,000
28%
2013
$2,848
—
$235,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 615 E Rancheria Dr
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Sold by Out Of Area - Non Member, OUT OF AREA OUT
Sold by Out Of Area - Non Member, OUT OF AREA OUT
615 E Rancheria Drive, Chico, CA 95926 (MLS# 226040537) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 615 E Rancheria Drive is currently listed for $699,000 and was received on April 13, 2026. Want to learn more about 615 E Rancheria Drive? Do you have questions about finding other Multi-Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.