CRMLS SN26126309

618 Rancheria Drive, Chico CA 95926

Residential Income · Apartment · Active

$650,000
Price$650,000
Units4
Gross scheduled income$50,580
Seller NOI$31,995
Listed cap rate
Days on market2

Photos

618 Rancheria Drive, Chico CA 95926
618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926618 Rancheria Drive, Chico CA 95926

Listing remarks

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

Unit mix

UnitCountBedsBathsActual rentPro forma
1121$1,025$1,300
2121$1,200$1,300
3121$995$1,300
4121$995$1,300

Property facts

Year built1965
Parcel043180025000
Lot8,276 SF
Building/Living area3,016 SF
HeatingWall Furnace
CoolingWall Window Units
WaterPublic
SewerPublic Sewer

Additional MLS fields

Original list price$650,000
Listing date2026-06-15
Buildings1
Operating expenses$18,585
Insurance$3,094
Water/sewer$2,862
Trash$2,794
Maintenance$2,000
Rent controlYes
Electric meters4
Gas meters4
Water meters1
LaundryNone
Lot featuresLevel, Walkstreet
CommunitySidewalks
PoolNone
Senior communityNo
Last MLS update2026-06-17T13:55:45.663-00:00

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MLS attribution: Listing provided by Capital Rivers Commercial Inc, Matt Depa. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26126309. Information is deemed reliable but not guaranteed and may change without notice.