609 Rancheria Chico, CA 95926

$1,285,000 Active

About the Property

Exceptional investment opportunity near CSUC. This well-maintained 5-unit complex features spacious 3-bed/2-bath floor plans, each with full-sized washer/dryer. Kitchens have updated cabinets, countertops, and new appliances including stoves and refrigerators. Large upstairs bedrooms with dual closets add to tenant appeal. Major upgrades include dual-pane windows (2007), new roof (2013), upgraded blinds (2017), and new water heaters. Fully leased through June of 2026, offering stable income in a high-demand location.

Property Information

Size 8,160 SqFt
Price/SqFt $157
Lot Size 0.21 Acres
Year Built 1968
Property Type Residential Income
Listing Number SN25224033
Listed 9/9/2025
Modified 9/23/2025
Listing Agent Trevor White
Listing Office Atrix Real Estate
Total Building 1
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 5
# Water Meters
  • 5
Community Features
  • Sidewalks
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 112500.00
Gross Scheduled Income
  • 112500.00
Heating
  • Central
Net Operating Income
  • 89699.00
Operating Expense
  • 22801.10
Pool
  • None
Price Pe rUnit
  • 257000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 9375.00
Total Expenses
  • 22801.00
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Carpet
  • Tile
Roofing
  • Flat
  • Tar/Gravel
Interior
  • Ceiling Fan(s)
  • Granite Counters
  • Tile Counters
Appliances
  • Dishwasher
  • Disposal
  • Gas Oven
  • Gas Range
  • Refrigerator
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Sewer
  • Telephone
  • Water