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Brian Byers

brian.byers@engelvoelkers.com +1(415) 602-7915

Listed by Elijah Simmons • Nex Gen Real Estate

$ 699,000

Est. payment -/mo

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615 E Rancheria DR Chico, CA 95926

2,222 Beds

4 Baths

3,604 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,604 sqft

Price per Sqft $193

MLS Listing ID 226040537

Bedrooms 2222

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1971

Lot Size 9,147 Sqft

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

Interior

Heating Central

Cooling Window Unit(s), Central, Ceiling Fan(s)

Flooring Luxury Vinyl Plank, Carpet

Exterior

Parking Features Uncovered

Garage Spaces 6.0

Utilities Available Natural Gas Connected, Internet Available, Electric, Cable Available

Roof Type Shingle

Building

Foundation Slab

Sewer Septic System

Water Public

Architectural Style Traditional, Contemporary

Construction Status Updated/Remodeled

Schools

School District Chico Unified, Chico Unified, Chico Unified

Others

Special Listing Condition None

Bay Area Real Estate Info Services (BAREIS)

NEARBY SCHOOLS & PROPERTIES

Brian Byers

Advisor

+1(415) 602-7915

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