4581 Main Street, Riverside, CA 92501
Local realty services provided by:ERA Carlile Realty Group
4581 Main Street,Riverside, CA 92501
$3,645,000
- - Beds
- - Baths
- 9,200 sq. ft.
- Multi-family
- Active
Listed by:oscar diaz
Office:marcus & millichap
MLS#:25532145
Source:CRMLS
Price summary
- Price:$3,645,000
- Price per sq. ft.:$396.2
About this home
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.
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Home facts
- Year built:1950
- Listing ID #:25532145
- Added:149 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Living area:9,200 sq. ft.
Structure and exterior
- Year built:1950
- Building area:9,200 sq. ft.
- Lot area:0.79 Acres
Finances and disclosures
- Price:$3,645,000
- Price per sq. ft.:$396.2
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