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
$585,000
615 Rancheria Dr, Chico, CA 95926
--beds
--baths
3,604sqft
Multi Family
Built in 1971
-- sqft lot
$671,500 Zestimate®
$162/sqft
$1,329 Estimated rent
Home value
$671,500
$638,000 - $705,000
$1,329/mo
Zestimate® history
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Owner options
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$1,329/mo
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Learn more$1,329/mo
Rent Zestimate®
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$3,605/mo
Est. payment
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See today's rates$3,605/mo
Est. payment
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Zillow last checked: April 03, 2026 at 12:13am
Source: NextHome,MLS#: SN25173083
Facts & features
Interior
Features
- Has basement: No
Interior area
- Total structure area: 3,604
- Total interior livable area: 3,604 sqft
Property
Lot
- Size: 9,147 sqft
Details
- Parcel number: 043180031000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1971
Community & neighborhood
Location
- Region: Chico
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Listing removed | $700,000$194/sqft |
Source:  NextHome #SN25173083 Report a problem | ||
| 8/15/2025 | Listed for sale | $700,000+19.7%$194/sqft |
Source: NextHome #SN25173083 Report a problem | ||
| 9/13/2024 | Listing removed | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 6/22/2024 | Listed for rent | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 6/21/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,988 +8.3% | $596,644 +2% |
| 2024 | $3,684 -45.5% | $585,000 -3.3% |
| 2023 | $6,762 -15.4% | $604,659 +12.8% |
Find assessor info on the county website
Neighborhood: The Avenues
Nearby schools
GreatSchools rating
- 6/10Citrus Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Chico Junior High SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 0.5 mi
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- California
- Butte County
- Chico
- 95926
- The Avenues
- 615 Rancheria Dr