For Sale1d on market
615 E Rancheria Drive
Chico, CA, 95926 • The Avenues • Butte County
$699,000
$194/sqft
Down payment assistance available
8Beds
4Baths
3,600Sqft
0.21 acLot
1971Built
Property DNA
City Views
City
Traditional,Contemporary Style
Built 1971 · 55 years of history
Enhanced Security
Security Lights · Smoke Detector(s) · Fire Extinguisher
Outdoor Living
Enclosed · Balcony/Deck
1d on Market
Listed Apr 13, 2026
This home is getting attention
Listed 1 day ago · 334 views · 22 saves
Market activity
Demand and pricing signals for this listing
334 views
People checking out this listing
22 saves
Buyers have saved this home
1 day on market
Just listed — act fast
$194/sqft
Price per square foot
About this home
Multi Family · Built 1971
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.
Estimated monthly payment
Based on current rates
$4,379/month
Principal & Interest$3,447
Property Tax$699
Insurance$233
Down payment20% ($139,800)
3%50%
Est. 6.26% rate · 30yr fixed · $559,200 loan
Full calculator →At a glance
Key facts and listing details
TypeQuadruplex
Year Built1971
HeatingCentral
CoolingWindow Unit(s), Central Air, Ceiling Fan(s)
Parking6 Open Parking spaces
Days on Zillow1 Day
Price/sqft$194
Property
Home typeMulti Family
Sub-typeQuadruplex
StyleTraditional,Contemporary
Year built1971
Stories2
Systems
HeatingCentral
CoolingWindow Unit(s), Central Air, Ceiling Fan(s)
RoofShingle
ConstructionWood Siding, Wood, Glass, Concrete
Water / SewerPublic / Septic Tank
Parking & Outdoor
ParkingUncovered
Lot9,147 sqft
Location & Tax
NeighborhoodThe Avenues
ZoningResidential
Annual tax$3,988
Parcel043180031000
Bathrooms & Fees
Full baths4
Features & details
15 categories of property features
Interior Features
Interior
Unit 1 - Beds: 0
Baths: 0
Square Footage: 3604 | Unit 2 - Beds: 8
Baths: 4
Square Footage: 3600 | Unit 3 - Beds: 0
Baths: 0
Square Footage: 3604 | Unit 4 - Beds: 0
Baths: 0
Square Footage: 3604
Appliances
Free-Standing Electric Range
Free-Standing Electric Oven
Electric Cooktop
Disposal
Microwave
Dishwasher
Gas Water Heater
Free-Standing Refrigerator
Flooring
Luxury Vinyl Plank
Carpet
Heating
Central
Cooling
Window Unit(s)
Central Air
Ceiling Fan(s)
Laundry
Other
Windows
Screens
Window Coverings
Accessibility
None
Exterior Features
Parking
Uncovered
Construction
Wood Siding
Wood
Glass
Concrete
Patio & Porch
Enclosed
Balcony/Deck
Lot Features
Landscape Front
Sidewalk
Curbs/Gutters
Security
Security Lights
Smoke Detector(s)
Fire Extinguisher
Carbon Monoxide Detector(s)
Views
City
Utilities
Natural Gas Connected
Internet Available
Electricity Connected
Cable Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market1
Est. value$685,100
Est. rent$1,329/mo
Tax rate1.11%
Price/sqft$194
On marketApr 13, 2026
PostedApr 13, 2026
Last sold$585,000
MLS statusActive
MLS updatedApr 13, 2026
Tour days9
Views334
Favorites22
How are the schools in Chico?
3 schools rated nearby
Location
Chico, CA, 95926
Price history
13 events
DateEventPrice$/sqftSource
Apr 13, 2026Listed For Sale$699,000$194BAREIS
Oct 7, 2025Listing Removed$700,000$194NextHome
Aug 15, 2025Listed For Sale$700,000$194NextHome
Sep 13, 2024Listing Removed$1,450—Zillow Rentals
Jun 22, 2024Listed For Rent$1,450—Zillow Rentals
Jun 21, 2024Listing Removed——Zillow Rentals
Jun 11, 2024Listed For Rent$1,450—Zillow Rentals
Jun 11, 2024Listing Removed——Zillow Rentals
Dec 4, 2023Price Change$1,450—Zillow Rentals
Nov 27, 2023Listed For Rent$1,800$1Zillow Rentals
Nov 17, 2023Sold$585,000$163Public Record
Aug 4, 2006Sold$470,000$131Public Record
Apr 26, 2005Sold$415,000$115Public Record
Listed For Sale$699,000
Apr 13, 2026•$194/sqft•BAREIS
Listing Removed$700,000
Oct 7, 2025•$194/sqft•NextHome
Listed For Sale$700,000
Aug 15, 2025•$194/sqft•NextHome
Listing Removed$1,450
Sep 13, 20240•Zillow Rentals
Listed For Rent$1,450
Jun 22, 20240•Zillow Rentals
Listing Removed—
Jun 21, 2024•Zillow Rentals
Listed For Rent$1,450
Jun 11, 20240•Zillow Rentals
Listing Removed—
Jun 11, 2024•Zillow Rentals
Price Change$1,450
Dec 4, 20230•Zillow Rentals
Listed For Rent$1,800
Nov 27, 2023•$1/sqft•Zillow Rentals
Sold$585,000
Nov 17, 2023•$163/sqft•Public Record
Sold$470,000
Aug 4, 2006•$131/sqft•Public Record
Sold$415,000
Apr 26, 2005•$115/sqft•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 15, 2025$3,988$596,644
Apr 15, 2024$3,684$585,000
Apr 15, 2023$6,762$604,659
Apr 15, 2022$7,997$536,000
Apr 15, 2021$7,431$485,000
Apr 15, 2020$7,101$452,000
Apr 15, 2019$7,097$452,000
Apr 15, 2018$6,426$392,000
Apr 15, 2017$4,489$392,000
Apr 15, 2016$3,762$352,000
Apr 15, 2015$3,283$327,000
Apr 15, 2014$3,283$302,000
Apr 15, 2013—$257,000
Apr 15, 2012—$212,000
Apr 15, 2011—$312,000
Apr 15, 2010—$387,000
Apr 15, 2009—$387,000
Apr 15, 2008—$479,360
Apr 15, 2007—$470,000
Apr 15, 2006—$423,280
Apr 15, 2005—$207,063
Apr 15, 2004—$203,024
Apr 15, 2003—$199,322
Apr 15, 2002—$195,434
Apr 15, 2001—$190,623
Nearby homes
Neighborhood details
Local context around this listing
Chico, CA • Butte County
Nearby neighborhoods
ChapmantownDowntownMansion parkSouth CampusThe Avenues
Nearby cities
Berry CreekBiggsChicoDurhamForest RanchGridleyMagaliaOroville
Nearby zip codes
959269592795928959299593895942959739597696092
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