4561 Main St, Riverside, CA

Name: 4561 Main St, For Sale in Riverside - eXp Realty
Brand: Marcus & Millichap
SKU: 26829247
Price: 3595000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,595,000

0025

MLS® 26829247

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 9200 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1950

Avg. Price Per Sqft $390

MLS® Number 26829247

Property Address: 4561 Main St, Riverside, CA, 92501-4109

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34, 412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property offers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.

MLS® Number26829247

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1950

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 4, 2026List Date

$3,595,000List Price

Commute

Commute

Starting Address

Destination Address

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