Millman Team Real Estate

$699,000
0.21 Acre Lot

615 Rancheria Drive 1-4, Chico, California 95926

  • Residential Income Property Type
  • Private Cars Garage
  • 1971 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
SN26064060
$699,000
None
1971
0.21 Acre
Active
Quadruplex
: Shingle
Features
: None
: Central
: Central Air
: Wood
: None
: Private, On Street, Asphalt
: Traditional
: Lighting
: Carpet, Vinyl
: Ceiling Fan(s), Open Floorplan, Balcony, Bar, Storage
: None
: Septic Tank
: Cable Available, Electricity Available, Water Available, Natural Gas Available, Phone Available, Sewer Not Available
: Blinds
$0
Appliances
: Dishwasher, Disposal, Refrigerator, Water Heater, Electric Oven, Electric Cooktop
Address Map
CA
Butte
Chico
95926
Rancheria
615
Drive
W122° 8' 44.6''
N39° 44' 0''
From CA-99, exit East Ave. Head west, turn right on Cohasset Rd, then left on Rancheria Dr.
1-4
Additional Information
$0
$0
$0
$0
$0
: Parking
3604
: Park, Street Lights, Curbs, Suburban, Biking, Gutter(s), Golf, Mountainous, Fishing, Lake
: Drywall, Glass, Concrete, Wood Siding
Standard
1
: Slab
: Two
: Landscaped, Near Park, Paved, Rectangular Lot, Near Public Transit
4
2026-04-13
2
2
: Public
Broker/Agent Information
NexGen Real Estate
Sam Mickens
Listing Information
SN183012356
SNNRE
Cash,FHA,VA Loan
Active
2026-04-15T23:40:16Z
CRMLS
: Standard
2026-04-13T07:04:45Z
Agent info
Ray Millman
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