$657,500
$699,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
E 615 Rancheria DR Chico, CA 95926
3,604 SqFt
Key Details
Sold Price $657,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,604 sqft
Price per Sqft $182
MLS Listing ID 226040537
Sold Date 06/24/26
Style Traditional,Contemporary
HOA Y/N No
Year Built 1971
Lot Size 9,148 Sqft
Acres 0.21
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Butte
Area 12548
Zoning Residential
Rooms
Basement None
Interior
Heating Central
Cooling Window Unit(s), Central Air, Ceiling Fan(s)
Flooring Carpet
Appliance Free-Standing Electric Range, Free-Standing Electric Oven, Electric Cooktop, Disposal, Microwave, Dishwasher, Gas Water Heater, Free-Standing Refrigerator
Laundry Other
Exterior
Utilities Available Natural Gas Connected, Internet Available, Electricity Connected, Cable Available
Waterfront Description Public
View City
Roof Type Shingle
Accessibility None
Porch Enclosed Patio, Balcony/Deck
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscape Front, Sidewalk, Curbs/Gutters
Story 2
Foundation Slab
Sewer Septic Tank
Water Public
Architectural Style Traditional, Contemporary
Schools
School District Butte, Elementary: Chico Unified, Middle/Junior: Chico Unified, High: Chico Unified
Others
Tax ID 043180031000
Security Features Security Lights,Smoke Detector(s),Fire Extinguisher,Carbon Monoxide Detector(s)
Financing Not Reported
Special Listing Condition Standard
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