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615 Rancheria DR #1-4 Chico, CA 95926
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Key Details
Sold Price $657,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN26064060
Sold Date 06/24/26
Construction Status Turnkey
HOA Y/N No
Year Built 1971
Lot Size 9,147 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County Butte
Interior
Interior Features Balcony, Ceiling Fan(s), Open Floorplan, Storage, Bar
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Type None
Equipment Satellite Dish
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Refrigerator, Water Heater
Laundry None
Exterior
Exterior Feature Lighting
Parking Features Asphalt, Private, On Street
Fence Wood
Pool None
Community Features Biking, Curbs, Fishing, Golf, Gutter(s), Lake, Mountainous, Street Lights, Suburban, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available
View Y/N No
View None
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped, Near Park, Near Public Transit, Paved, Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Septic Tank
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 043180031000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Herman Keller Williams Realty Chico Area
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