For Sale1d on market
615 Rancheria Dr #1-4
Chico, CA, 95926 • The Avenues • Butte County
$699,000
$194/sqft
Down payment assistance available
8Beds
4Baths
3,604Sqft
0.21 acLot
1971Built
Property DNA
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
Market activity
Demand and pricing signals for this listing
136 views
People checking out this listing
5 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
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.
Estimated monthly payment
Based on current rates
$4,370/month
Principal & Interest$3,438
Property Tax$699
Insurance$233
Down payment20% ($139,800)
3%50%
Est. 6.24% rate · 30yr fixed · $559,200 loan
Full calculator →At a glance
Key facts and listing details
TypeQuadruplex
Year Built1971
HeatingCentral
CoolingCentral Air
Parking6 Parking spaces
Days on Zillow1 Day
Price/sqft$194
Property
Home typeMulti Family
Sub-typeQuadruplex
StyleTraditional
ConditionTurnkey
Year built1971
Stories2
Systems
HeatingCentral
CoolingCentral Air
RoofShingle
ConstructionDrywall, Glass, Concrete, Wood Siding
Water / SewerPublic / Septic Tank
Parking & Outdoor
ParkingAsphalt, Private, On Street
FencingWood
Lot9,148 sqft
Location & Tax
NeighborhoodThe Avenues
Parcel043180031000
Features & details
19 categories of property features
Interior Features
Interior
Balcony
Ceiling Fan(s)
Open Floorplan
Storage
Bar
Appliances
Dishwasher
Electric Cooktop
Electric Oven
Disposal
Refrigerator
Water Heater
Flooring
Carpet
Vinyl
Heating
Central
Cooling
Central Air
Laundry
None
Fireplace
None
Windows
Blinds
Accessibility
Parking
Exterior Features
Exterior
Lighting
Parking
Asphalt
Private
On Street
Construction
Drywall
Glass
Concrete
Wood Siding
Lot Features
Landscaped
Near Park
Near Public Transit
Paved
Rectangular Lot
Community
Biking
Curbs
Fishing
Golf
Gutter(s)
Lake
Mountainous
Street Lights
Suburban
Park
Security
Carbon Monoxide Detector(s)
Smoke Detector(s)
Security Lights
Views
None
Pool Features
None
Utilities
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Sewer Not Available
Water Available
Other Equipment
Satellite Dish
Room details
4 rooms detailed
Master Bedroom
Master Bathroom
Kitchen
Living Room
Listing insights
Market data and value estimates
StatusFor Sale
Days on market1
Tax rate1.11%
Price/sqft$194
On marketApr 13, 2026
PostedApr 13, 2026
MLS updatedApr 14, 2026
Tour days9
Views136
Favorites5
How are the schools in Chico?
3 schools rated nearby
Location
Chico, CA, 95926
Price history
1 event
DateEventPrice$/sqftSource
Apr 13, 2026Listed For Sale$699,000$194CRMLS
Listed For Sale$699,000
Apr 13, 2026•$194/sqft•CRMLS
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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