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    4156 Dwight Ave Riverside, CA 92507

    View on Map
    Sponsored
    For Sale
    $544,900

    Duplex - Riverside, CA

    Type:Duplex
    Property size:
    1,106 SF
    Lot size:
    5,663.00 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 26 at 6:06 am

    Property Features for 4156 Dwight Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    221052028
    Parking features
    Assigned, Carport
    Exterior features
    Fence, Community Features Included: Street Lights, 0-1 Unit/Acre
    Fencing
    Fenced
    Size
    1,106 SF
    Lot size
    5,663.00 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1943
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

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    Listing Contact
    Salvador Ortuno Bermudez

    Century 21 Allstars

    Listing agent Salvador Ortuno Bermudez License #02100849

    Listing date Mar 20, 2026

    MLS# DW26059479 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Riverside Duplex Near UCR

    This duplex is located near the University of California, Riverside and Downtown. The property features two separate units with a common wall, each offering 1 bedroom, 1 bathroom, a living room, and a kitchen. Each unit also has an attached laundry room, large enough for a tenant-supplied washer and dryer, accessible from outside of both units. Both units include a wall furnace in the living room and two a/c wall units, one in the bedroom and one in the living room. The electricity and gas are separately metered, while the water is on one meter. Tenants are responsible for electricity, gas, and trash, while the owner pays the water bill. The yard is enclosed by a chain link fence, and each unit has its own gated, fenced yard. The front yard is equipped with automatic sprinklers. The front unit, 4156, is approximately 506 square feet and was rehabbed 3 years ago with new laminate flooring throughout, bottom cabinets in the kitchen, stove, new wall furnace, window coverings, new tile, repairs to subfloors in the kitchen, and a new bathroom vanity. The back unit, 4158, is 570 square feet and features a chain-link gated pull-through fence along the back and a private concrete pad for two cars. The parking space is accessible from the alley behind the unit. The property is 0.13 acres with a total size of 1106 square feet. Both units are currently occupied by tenants on a month-to-month lease, providing immediate rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3536595
    Latitude
    33.97234

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    FAQs

    What type of property is this?
    Duplex - Duplex near UCR with immediate rental income.
    Where is this duplex located?
    The property is located at 4156 Dwight Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $544,900.
    What are key features of this property?
    This property features: - Immediate rental income with tenants already in place.; - Proximity to the University of California, Riverside & Downtown.; - Two separate units, each with 1 bedroom, 1 bathroom, living room, and kitchen.
    (562) 313-1065
    Request Owner's contact information
    4156 Dwight Ave Riverside, CA 92507
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    Riverside, CA 92507
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4156 Dwight Ave Riverside, CA 92507
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    Listing Contact
    Salvador Ortuno Bermudez
    Real Estate License ID: 02100849
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