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615 Rancheria Drive 1-4 — Chico | Belmont Brokerage | Belmont Brokerage

Active

+70 more

$699,000

1 DOM

— bd— ba— sqft

Call

615 Rancheria Dr 1-4 Chico, CA 95926

9,148sqft lot

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.

MLS SN26064060

916-666-0360 (Office) 916-666-0360 (Cell) sam@nexgenrealestate.net

Est. payment

$4,467/mo

Principal & interestTaxesInsurance

$3,535$728$204

Down %

Rate %

Years

Down payment: $139,800 · Total cost: $1,412,229

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$4,467/mo

Principal & interest: $3,535
Est. property tax: $728
Est. insurance: $204
Down payment: $139,800

Est. gross rent$2,913/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,554/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Feb 28, 2026	$699,000	—

Facts & Features

Structure & Property

Year Built1971

916-666-0360 (Office) 916-666-0360 (Cell) sam@nexgenrealestate.net

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

615 Rancheria Drive 1-4, Chico, CA 95926

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615 Rancheria Dr 1-4 Chico, CA 95926

About this home

Sam Mickens

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Sam Mickens

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

615 Rancheria Drive 1-4, Chico, CA 95926

About This Property

Property Photos

615 Rancheria Dr 1-4 Chico, CA 95926

About this home

Sam Mickens

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Sam Mickens

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.