Three-Building Multifamily
For Sale
$3,595,000
4561 Main Street, Riverside, CA 92501
Fourteen-unit multifamily property features a predominantly single-story layout with on-site parking and laundry.
Property Size9,200 SF
Lot Size0.79 Acres
Price / SF$390.76
Days on Market351
Property Features for 4561 Main Street
General Information
Standard status
Active
Size
9,200 SF
Total Parking Spaces
25
Lot size
0.79 Acres
Property subtype
Multi-family
Site & Location
Neighborhood
Wood Streets
Highway Access
Yes
Additional Details
Cap Rate
6.12%
Multifamily Units
14
Amenities
laundry facility
mini-split air conditioning
Building Details
Year Built
1950
Stories
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Sevengables
Added: Nov 14, 2025
Changed: Oct 31
Last Checked: Oct 30 at 6:54PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
4545-4581 Main Street offers a 14-unit multifamily investment configured across five separate buildings on three contiguous parcels. The property is predominantly single-story and designed to provide a more private, residential feel compared to traditional apartment complexes.
The community includes 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. The current unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio.
The property has undergone recent capital improvements, including newer roofs and well-maintained exterior areas. Additional income potential may be supported by stand-alone garages that can be leased for storage, as well as two separate owner’s rooms that may be converted into additional garages or ADU units subject to buyer verification.
The community includes 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. The current unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio.
The property has undergone recent capital improvements, including newer roofs and well-maintained exterior areas. Additional income potential may be supported by stand-alone garages that can be leased for storage, as well as two separate owner’s rooms that may be converted into additional garages or ADU units subject to buyer verification.
Key Highlights
- 14‑unit multifamily property built in 1950 with a predominantly single‑story layout across five separate buildings
- Three contiguous parcels totaling approximately 34,412 SF in a low‑density configuration
- Unit mix includes 1 three‑bedroom/ two‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,129
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,942,580
$2.9M
Cap Rate 7%
$2,101,843
$2.1M
Cap Rate 9%
$1,634,767
$1.6M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$272.7K $29.64/SF
− Vacancy
−$5.2K −$0.56/SF
EGI
$267.5K $29.08/SF
− OpEx
−$120.4K −$13.08/SF
NOI
$147.1K $15.99/SF
Area
Riverside, CA
Vacancy
1.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,942,580
Cap Rate 7%
$2,101,843
Cap Rate 9%
$1,634,767
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,129 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,941 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,629
Businesses Nearby
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Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit multifamily property features a predominantly single-story layout with on-site parking and laundry.
Where is this apartment building located?
The property is located at 4561 Main Street Riverside, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 14‑unit multifamily property built in 1950 with a predominantly single‑story layout across five separate buildings; Three contiguous parcels totaling approximately 34,412 SF in a low‑density configuration; Unit mix includes 1 three‑bedroom/ two‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio
