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Millman Team Real Estate

$650,000
0.19 Acre Lot

618 Rancheria Drive, Chico, California 95926

  • Residential Income Property Type
  • 1965 Year Built
Property Description

Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property’s prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California’s most established university communities.

Basic Details
Residential Income
For Sale
SN26126309
$650,000
1965
0.19 Acre
Active
1
Apartment
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: None
: Public Sewer
: Sewer Connected
$0
Address Map
CA
Butte
Chico
95926
Rancheria
618
Drive
W122° 8' 43.6''
N39° 44' 1.3''
Between W 1st Ave & W Sacramento Ave
Additional Information
$0
$0
$0
$0
$0
3016
: Sidewalks
: Two
: Walkstreet, Level
4
2026-06-15
2
2
: Public
Broker/Agent Information
Capital Rivers Commercial Inc
Matt Depa
Listing Information
CH157001203
SNCRCI
Cash, Conventional, 1031 Exchange
Active
2026-07-08T16:54:05Z
CRMLS
: Standard
2026-06-15T09:50:42Z
Agent info
Ray Millman
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