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Chico, CA, 95926 • The Avenues • Butte County
$194/sqft
Down payment assistance available
8Beds
4Baths
3,604Sqft
0.21 acLot
1971Built
Traditional Style
Built 1971 · 55 years of history
Enhanced Security
Carbon Monoxide Detector(s) · Smoke Detector(s) · Security Lights
1d on Market
Listed Apr 13, 2026
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1 day on market
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$194/sqft
Price per square foot
Multi Family · Built 1971
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.
Based on current rates
Est. 6.24% rate · 30yr fixed · $559,200 loan
Full calculator →Key facts and listing details
19 categories of property features
4 rooms detailed
Master Bedroom
Master Bathroom
Kitchen
Living Room
Market data and value estimates
3 schools rated nearby
Chico, CA, 95926
1 event
Local context around this listing
Chico, CA • Butte County
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