Active

618 Rancheria Drive

Chico, CA 95926

$650,000 $2,740/Mo

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Overview

Bed

Bath

3,016

Sqft

8,276

Sqft(Lot)

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 prope rty offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.

Property Details

Property Type : Residential Income

Price : $650,000

AD Id : 84903040

MLS Id : SN26126309

Lot Size : 8,276 Sqft

Living Area Size : 3,016

Year Built : 1965

County : Butte

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1965 Building Area Total: 3,016
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.19
Lot Size Source: Assessor Lot Size Square Feet: 8276

Listing Price Information

Original List Price: 650,000 Listing Contract Date: 2026-06-15
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 043180025000

Other Property Info

Source Listing Status: Active Source Neighborhood: Directions: Between W 1st Ave & W Sacramento Ave Source Property Type: Residential Income Property SubType: Apartment
Building and Construction

Property Age: 61 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
E 1st Avenue, Chico, CA, 95926	$380,000	3	1	940	940 SqFt
Glenwood Avenue, Chico, CA, 95926	$775,000	4	3	3,021	3,021 SqFt
Windsor Way, Chico, CA, 95926	$435,000	3	2	1,124	1,124 SqFt
Ceres Manor Court, Chico, CA, 95926	$530,000	4	2	2,020	2,020 SqFt
2 Summerwood Court, Chico, CA, 95926	$490,000	3	2	1,853	1,853 SqFt
1675 Manzanita Avenue #93, Chico, CA, 95926	$78,500	2	2	1,536	1,536 SqFt
1675 Manzanita #117, Chico, CA, 95926	$75,000	2	1	1,152	1,152 SqFt
1675 Manzanita Avenue #.., Chico, CA, 95926	$48,500	2	1	850	850 SqFt
1675 Manzanita Avenue #.., Chico, CA, 95926	$41,500	1	1	624	624 SqFt
480 Redwood Way, Chico, CA, 95926	$474,950	3	2	1,559	1,559 SqFt

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ByOwner last updated this listing 06/18/2026 @ 20:38

MLS: SN26126309 LISTED BY: Matt Depa, Capital Rivers Commercial Inc 916-804-8046 SOURCE: CRMLS