Listed by Matt Depa •DRE #01861484 • Capital Rivers Commercial Inc

Contact: 530-514-6288

For sale

$650,000

Est. $4,470/mo —

•

3,016

sq ft

618 Rancheria Dr, Chico, CA 95926

About this home

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.

Multi-familyProperty Type

1965Year Built

8,276 sq ftLot Size

$216Price/Sq.Ft.

Listing updated: Oct 2, 2026 at 12:38pm

Redfin checked: 3 minutes ago

•Source:CRMLS #SN26126309

Payment calculator

$4,470 per month

Principal and interest$3,636

Property taxes

$677

HOA dues

Home insurance

$157

Utilities

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Open houses

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Nearby open houses (10)

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OPEN SUN, 11AM TO 1PM
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Around this home

Schools

K - 12
Preschool & daycare

Citrus Avenue Elementary School

Public K-5 • Assigned • 0.4mi

6/10

Chico Junior High School

Public 6-8 • Assigned • 0.7mi

7/10

Chico High School

Public 9-12 • Assigned • 0.5mi

7/10

Provided by GreatSchools

About Rancheria-North

Campus

Rancheria-North Campus, located between Bidwell Park and California State University, Chico, is a residential and academic Chico neighborhood with leafy streets and bike-first routines. The neighborhood’s character concentrates around the Esplanade and W. Sacramento Avenue, where coffee counters, taquerias, and campus-serving storefronts keep sidewalks active. Housing leans to mid-century ranch homes, small apartment courts, and student-era rentals tucked behind mature trees. Bidwell Park’s Upper Park trailheads and creek corridors shape daily routes for walkers and cyclists. The university’s performance halls and galleries add a steady cultural calendar. Evening energy shifts toward downtown’s independent stages and taprooms without leaving the north side.

Provided by Walk Score and Local Logic

Offer insights

618 Rancheria Dr · $650,000

Strong offer

$647K and above

75% chance or better to win

Why $647K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 159 days.

SALE-TO-LIST

Most homes are selling 5% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Front entry
Two levels

Bedrooms
Units with 2 bedrooms (each unit listed as 2 beds)

Bathrooms
Each unit has 1 full bathroom

Kitchen
No kitchen appliance details provided

Laundry & utility
No laundry features

Heating & cooling
Wall heater
Wall/window cooling

Sale and tax history for 618 Rancheria Dr

Sale History
Tax History

Date

Event

Price

CRMLS #SN26126309

Oct 2, 2026

Relisted

—

Jun 15, 2026

Listed

$650,000

$216/sq ft

Public Records

Jun 24, 2024

Sold

$580,000

$192/sq ft

CRMLS #SN24103591

Jun 25, 2024

Sold

$579,800

$192/sq ft

May 27, 2024

Pending

—

May 22, 2024

Listed

$599,000

$199/sq ft

Welcome to 618 Rancheria Drive, an enticing 4-unit multifamily opportunity nestled in the heart of Chico, CA. This property features four-units, each boasting two bedrooms and one bathroom, spanning roughly 765 square feet, with current average rents of $1,175. This unit mix offers a fresh perspective for new investors, as it diverges from the typical three and four-bedroom layouts commonly found in the area. Positioned just 0.2 miles from the University and a mere 0.8 miles from Chico High School, this property appeals to a diverse range of renters, including both students and non-students alike. This prime investment opportunity is offered at an attractive basis of $149,750/unit, yielding a strong day-one CAP rate of 6.11%.

CRMLS #CH15113185

Jul 30, 2015

Sold

$269,000

$89/sq ft

Jun 10, 2015

Pending

—

May 27, 2015

Listed

$269,000

$89/sq ft

SDMLS #301792315

Jul 30, 2015

Sold

$269,000

$89/sq ft

May 27, 2015

Listed

$269,000

$89/sq ft

CRMLS #CH14065699

Apr 30, 2015

Listing Removed

—

Apr 1, 2014

Listed

$295,000

$98/sq ft

Public Records

May 24, 2002

Sold

$265,000

$88/sq ft

Public Records

Apr 5, 2001

Sold

$190,000

$63/sq ft

Public Records

Jan 16, 1997

Sold

$125,000

$41/sq ft

Public Records

Dec 28, 1995

Sold

$125,000

$41/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$6,999 (−9.0%)

$197,676 + $402,426

$600,102

2025

$7,693 (+78.1%)

$197,676 + $402,426

$600,102

2024

$4,319 (+1.0%)

$193,800 + $394,536

$588,336

2023

$4,279 (+1.3%)

$139,266 + $171,763

$311,029

2022

$4,223 (+1.5%)

$136,536 + $168,396

$304,932

2021

$4,160 (+0.2%)

$133,859 + $165,095

$298,954

2020

$4,151 (+1.4%)

$131,235 + $161,858

$293,093

2019

$4,091 (+1.5%)

$129,890 + $160,199

$290,089

2018

$4,032 (+0.8%)

$127,344 + $157,058

$284,402

2017

$3,999 (+7.3%)

$122,400 + $150,960

$273,360

2016

$3,728 (+5.7%)

$122,400 + $150,960

$273,360

2015

$3,526 (+2.0%)

$120,000 + $148,000

$268,000

2014

$3,456 (+20.0%)

$90,378 + $222,942

$313,320

2013

$2,880 (+25.2%)

$90,378 + $222,942

$313,320

2012

$2,301

$85,000 + $150,000

$235,000

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

8,276 Sq. Ft.

Year renovated

1965

Finished Sq. Ft.

3,016

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,016

Year built

1965

Style

Multi-Family (2-4 Unit)

County

Butte County

APN

043180025000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 15, 2026.

Medium-High Density Residential District

The R3 zoning district is applied to areas appropriate for medium-high density residential neighborhoods. Permitted densities range from a minimum of 14.1 to a maximum of 22 units per acre. Multi-family residential uses may be permitted to develop up to 30 dwelling units per acre when at least 15 Percent of the units are deed restricted housing affordable to low-income households at or below 80 Percent of Area Median Income (AMI). The R3 zoning district is primarily intended to implement the Medium-High Density Residential land use designation of the General Plan.

Zone overlays

Chico Urban Flood Protection

Permitted uses

Include but are not limited to:

Garden center
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Recreation
Housing-Mobile home park

Jul 23, 2015 • Final

Legacy building

Install new on-site and off-site sewer connections.

Electrical

Plumbing

Jul 9, 2001 • Final

Residential

Remove and replace the roof on a single-family home.

Roofing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

6/10 Flood Factor

Estimated 68-76% chance of a flood reaching the building in the next 30 years

5/10 Fire Factor

5% chance of being in a wildfire in next 30 years

8/10 Heat Factor

7 days above 105° expected this year, 16 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

33 unhealthy days expected this year, 39 days in 30 years

Provided by First Street

Historical weather

Chico, CA • 95926

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

87/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.5 hrs

5.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 618 Rancheria Dr

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $450,000 and $657,500.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $658K.

SOLD AUG 3, 2026
$450,000 Last sold price
4 beds2 baths2,000 sq ft
1170 Hobart St, Chico, CA 95926
$9/sq ft
larger lot
37 years older
SOLD SEP 10, 2026
$630,000 Last sold price
5 beds3 baths2,680 sq ft
587 E 3rd, Chico, CA 95928
$19/sq ft
smaller lot
44 years older
SOLD JUN 12, 2026
$650,000 Last sold price
4 beds3 baths2,298 sq ft
1895 Lodge Pne, Chico, CA 95926
Century 21 Select Real Estate, Inc.
$67/sq ft
larger lot
29 years newer
SOLD JUL 22, 2026
$555,000 Last sold price
4 beds2 baths1,979 sq ft
409 Mission Santa Fe Cir, Chico, CA 95926
$64/sq ft
smaller lot
34 years newer
SOLD MAR 18, 2026
$625,000 Last sold price
4 beds2.5 baths2,241 sq ft
681 Cromwell, Chico, CA 95926
$63/sq ft
32 years newer
SOLD JUN 24, 2026
$657,500 Last sold price
8 beds4 baths3,604 sq ft
615 Rancheria Dr, Chico, CA 95926
$34/sq ft
larger lot
6 years newer

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Details provided by CRMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

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See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 618 Rancheria Dr

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 618 Rancheria Dr

Early Access listings

Nearby similar homes

New listings for sale in 95926

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