Come check out your next Incredible investment opportunity just steps from Chico State University and vibrant downtown Chico. These updated apartment units are move-in ready — featuring new flooring, fresh paint, and select new appliances. Off-street parking adds convenience, and the unbeatable location makes these units ideal for student housing.
All units are currently vacant, making this a perfect opportunity to set market rents right in time for the new school year. Don’t miss your chance to own income-producing property in one of Chico’s most in-demand rental areas!
Sold for $585,000 on 11/17/23
$585,000
615 Rancheria Dr, Chico, CA 95926
--beds
--baths
3,604sqft
Multi Family
Built in 1971
-- sqft lot
$684,100 Zestimate®
$162/sqft
$1,302 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 11, 2025 at 11:48am
Source: CRMLS,MLS#: SN25173083
Originating MLS: California Regional MLS
Facts & features
Interior
Heating
- Central
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,604
- Total interior livable area: 3,604 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 9,148 sqft
- Features: No Landscaping, Yard
Details
- Parcel number: 043180031000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Community
- Community features: Storm Drain(s), Sidewalks
Location
- Region: Chico
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional