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4581 Main Street

Riverside CA 92501

9200 sq. ft.
34412 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling 34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner's rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.35% cap rate and 10.92 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside's most notable attractions including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.

Features

9200 sq. ft. floor area
34412 sq. ft. lot size
Other

Happy sellers in Riverside

97%
97% of sellers in Riverside reported that their sale price either exceeded or met their price expectations.

Riverside stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Riverside over the last 12 months.

Local market activity for other properties in Riverside

In the last 12 months, 5 other properties similar to 4581 Main Street, have been sold.

This represents a 150% decrease in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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