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.
For sale
$3,645,000
4581 Main St, Riverside, CA 92501
--beds
0baths
9,200sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$396/sqft
$-- HOA
What's special
On-site laundry
- 107 days
- on Zillow |
- 175 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 10, 2025 at 05:46am
Listed by:
Oscar Diaz DRE # 02022902 213-999-2124,
Marcus & Millichap 310-909-5500
Source: CLAW,MLS#: 25532145

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 9,200
- Total interior livable area: 9,200 sqft
Property
Parking
- Parking features: Other
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.79 Acres
Details
- Additional structures: None
- Zoning: R3
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1950
Community & HOA
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $396/sqft
- Tax assessed value: $1,268,341
- Date on market: 4/30/2025
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