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$657,500

  • Sold
  • Closed
  • Multi-Family
  • Updated 13 days ago
See This Home
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See This Home
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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.

Full Property Details for 615 Rancheria Dr

General

  • Sold For: $657,500
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SN26064060
  • Added to Site: 131 day(s) ago

Interior

  • Rooms/Areas: Primary Bedroom, Kitchen, Living Room, Primary Bathroom
  • Interior Features: Bar, Balcony, Living Room Balcony, Ceiling Fan(s), Open Floorplan, Storage
  • Fireplace(s): None
  • Appliances: Water Heater, Disposal, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
  • Flooring: Vinyl, Carpet

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Satellite Dish, Lighting

Parking

  • Parking Features: Asphalt, Private, Street
  • Parking: Asphalt, Private, Street

Location

  • County: Butte
  • Driving Directions: From CA-99, exit East Ave. Head west, turn right on Cohasset Rd, then left on Rancheria Dr.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Conventional Septic
  • Water: Public
  • # Water Meters: 4
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Architectural Style: Traditional
  • Foundation: Slab
  • Roof: Shingle
  • Windows: Blinds
  • Doors: Sliding Doors
  • Entry Location: Ground level
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,604
  • Year Built: 1971

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.21
  • Lot Size Source: Assessor
  • Lot Description: Paved, Lot 6500-9999, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby

Financial Considerations

  • Price Per Sq. Ft.: $182.44
  • Price Per Unit: 174750

Disclosures and Reports

  • Exclusions: None
  • Inclusions: All fixtures included. All appliances included.

Listed by NexGen Real Estate, Sam Mickens
Sold by Keller Williams Realty Chico Area, Matthew Herman

Listing agent

— 615 Rancheria Dr —

  • Sam Mickens

    NexGen Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 615 Rancheria Dr

School District:Chico Unified School District
NameGradesDistance
Citrus Avenue Elementary School
1350 Citrus Avenue, Chico, CA 95926
K-50.4 mi
Chico Junior High School
280 Memorial Way, Chico, CA 95926
6-80.8 mi
Chico High School
901 Esplanade, Chico, CA 95926
9-120.5 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 Rancheria Dr

Date
Details
Price
Change
Source
6/24/2026
Sold
$657,500
-5.94%
MLS
4/13/2026
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by NexGen Real Estate, Sam Mickens
Sold by Keller Williams Realty Chico Area, Matthew Herman

Recent Sales near 615 Rancheria Dr

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1440 Laburnum Ave  Chico, CA 95926

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496 E 3rd  Chico, CA 95926

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  • 3
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  • 2,190
    Sq. Ft.

615 Rancheria Drive, Chico, CA 95926 (MLS# SN26064060) is a Multi-Family property that was sold at $657,500 on June 24, 2026. Want to learn more about 615 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.