Home | Butte County | Chico | 95926 | 615 E Rancheria Dr
MLS: ME226040537 | Status: Active | Price: $699,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,604 | 9,148 | – |
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.
| Field | Value |
|---|---|
| MLS # | ME226040537 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Appliances | Cooktop - Electric, Dishwasher, Garbage Disposal, Microwave, Other, Oven - Electric, Oven Range - Electric, Refrigerator |
| Flooring | Carpet |
| Cooling | Ceiling Fan, Central Forced Air, Window/Wall Unit |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Slab, Concrete Perimeter and Slab |
| Style | Contemporary, Traditional |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Elementary District | Chico Unified |
| High School District | Chico Unified |
| Sewer | Septic Tank |
| Water | Public |
| HOA Fee | $0 |
| Zoning | Residential |
Elijah Simmons
Nex Gen Real Estate
License #: 02215373
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 0 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 900 | 2 | 1/0 | – |
| 2 | 900 | 2 | 1/0 | – |
| 3 | 900 | 2 | 1/0 | – |
| 4 | 900 | 2 | 1/0 | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 165 Rio Lindo Ave | $589,500 | – | – | – | Active |
| 1825 Magnolia | $565,000 | – | – | – | |
| 615 Rancheria Dr | $699,000 | – | – | – | Active |
| 555 Morgan | $595,000 | – | – | – | Active |
©2026 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 13, 2026. For the most current information, please contact Elijah Simmons.