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.
Property Details
Price:
$3,595,000
MLS #:
26829247
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
252riverside
Listed Date:
May 4, 2026
Finished Sq Ft:
9,200
Total Sq Ft:
9,200
Lot Size:
34,412 sqft / 0.79 acres (approx)
Year Built:
1950
See this Listing
Schools
Interior
Levels
S
Exterior
Parking Spots
25
Parking Total
25
Financial
Map
Community
- Address4561 Main ST Riverside CA
- CityRiverside
- CountyRiverside
- Zip Code92501
Market Summary
Current real estate data for Single Family in Riverside as of May 05, 2026
1,126
Single Family Listed
64
Avg DOM
321
Avg $ / SqFt
$714,356
Avg List Price
Property Summary
- 4561 Main ST Riverside CA is a Single Family for sale in Riverside, CA, 92501. It is listed for $3,595,000 and features 0 beds, 0 baths, and has approximately 9,200 square feet of living space, and was originally constructed in 1950. The current price per square foot is $391. The average price per square foot for Single Family listings in Riverside is $321. The average listing price for Single Family in Riverside is $714,356.
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