Three-Unit Multifamily
205 Waring, Riverside, CA 92507
For Sale
$899,000
Three independent residences provide flexible occupancy for rental or extended-family use.
Property Size2,000 SF
Days on Market99
Property Features for 205 Waring
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
POWER OF 2 REALTY
Listed By:
JARED JONES · License CA #01822924
(951) 682-1000
Source:
Elliman
Added: Aug 8
Changed: Nov 3
Last Checked: Nov 12 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of POWER OF 2 REALTY
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Investment Insights
Based on property information with market context.
This triplex, built in 1958, contains three separate units, each with its own private living area. The configuration supports multiple residential occupants and offers flexibility for rental use or multi-generational living.
The property is located near shopping, dining, schools, and major commuter routes in Riverside. Walk Score is 51, indicating a somewhat walkable setting; Bike Score is 47, and Transit Score is 23.
The property is located near shopping, dining, schools, and major commuter routes in Riverside. Walk Score is 51, indicating a somewhat walkable setting; Bike Score is 47, and Transit Score is 23.
Key Highlights
- Three separate residential units on one property
- Private living space in each unit
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,371
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,420
$587.4K
Cap Rate 7%
$419,586
$419.6K
Cap Rate 9%
$326,344
$326.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$44.4K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$42.0K $20.98/SF
− OpEx
−$12.6K −$6.29/SF
NOI
$29.4K $14.69/SF
Area
ZIP 92507
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,420
Cap Rate 7%
$419,586
Cap Rate 9%
$326,344
Alternative Uses
Best Use
Multifamily LT 5
$419.6K
$367.1K – $489.5K
NOI $29,371 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$387.9K
$339.4K – $452.6K
NOI $27,155 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$685.4K
$599.8K – $799.7K
NOI $47,980 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
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Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Riverside County, CA
Properties on Market for Triplexes in Riverside County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences provide flexible occupancy for rental or extended-family use.
Where is this triplex located?
The property is located at 205 Waring Riverside, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three separate residential units on one property; Private living space in each unit; Built in 1958
