Riverside County Real Estate Search

Riverside County Multi-Family Properties for Sale

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Newest Riverside County Multi-Family Homes for Sale

$850,000
219148492PS MLS Active Status
Discover two homes on one lot that defines modern luxury, versatility, and convenience in one of Cathedral City's most sought-after neighborhoods. This brand-new property is truly the envy of the area, offering an exceptional opportunity for multigenerational living, rental income, or the ultimate private compound. The main residence features 4 bedrooms, 3 bathrooms, and approximately 1,735 sq. ft. of thoughtfully designed living space. Complementing the home is an impressive detached 1000 sq. ft. accessory dwelling unit (ADU) with 3 bedrooms and 2 bathrooms, creating endless possibilities for extended family, guests, or income potential. Inside the main home, you'll find a beautifully designed gourmet kitchen showcasing quartz countertops, stylish cafe-colored cabinetry, and sleek stainless-steel appliances -- perfect for both everyday living and entertaining. The ADU is equally impressive, featuring its own fully equipped gourmet kitchen with matching high-end finishes rarely found in similar properties. Designed with efficiency in mind, both the main residence and ADU feature separate fully owned solar systems, heat pumps and tankless water heaters providing substantial energy savings while keeping the property eco-friendly and cost-efficient. The property also offers exceptional parking and convenience with a spacious 2-car garage for the main house and ample driveway parking for ADU. Whether you choose to live in one unit and rent the other, accommodate extended family, or maximize investment potential, this one-of-a-kind property delivers luxury, flexibility, and opportunity all in one. Don't miss your chance to own this exceptional estate. Schedule your private tour today and experience firsthand everything this remarkable property has to offer.

30125 Avenida Juarez, Cathedral City

$850,000
219148473PS MLS Active Status
Discover two homes on one lot that defines modern luxury, versatility, and convenience in one of Cathedral City's most sought-after neighborhoods. This brand-new property is truly the envy of the area, offering an exceptional opportunity for multigenerational living, rental income, or the ultimate private compound. The main residence features 4 bedrooms, 3 bathrooms, and approximately 1,735 sq. ft. of thoughtfully designed living space. Complementing the home is an impressive detached 1000 sq. ft. accessory dwelling unit (ADU) with 3 bedrooms and 2 bathrooms, creating endless possibilities for extended family, guests, or income potential. Inside the main home, you'll find a beautifully designed gourmet kitchen showcasing quartz countertops, stylish cafe-colored cabinetry, and sleek stainless-steel appliances -- perfect for both everyday living and entertaining. The ADU is equally impressive, featuring its own fully equipped gourmet kitchen with matching high-end finishes rarely found in similar properties. Designed with efficiency in mind, both the main residence and ADU feature separate fully owned solar systems, heat pumps and tankless water heaters providing substantial energy savings while keeping the property eco-friendly and cost-efficient. The property also offers exceptional parking and convenience with a spacious 2-car garage for the main house and ample driveway parking for ADU. Whether you choose to live in one unit and rent the other, accommodate extended family, or maximize investment potential, this one-of-a-kind property delivers luxury, flexibility, and opportunity all in one. Don't miss your chance to own this exceptional estate. Schedule your private tour today and experience firsthand everything this remarkable property has to offer.

68160 Modalo Road, Cathedral City

$3,595,000
26829247 MLS Active Status
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.

4561 Main Street, Riverside

$499,999
IV26087193 MLS Active Under Contract Status
Value in Land- zoning RC-VIDR - Great opportunity on a 33,106 sq ft flat, usable lot featuring two manufactured homes totaling 4 bedrooms and 4 bathrooms with approximately 1,654 sq ft of combined living space. Ideal for multi-generational living, rental income, or extended occupancy. Enjoy country-style living with plenty of room for animals, equipment, RVs, and recreational use. The fully usable land offers flexibility for a variety of residential or investment needs. Located in the heart of the Inland Empire, Perris continues to experience significant industrial and economic growth, driven by its proximity to major transportation corridors and regional distribution networks. The city has become a key logistics hub serving Southern California and the Western U.S., with multiple large-scale warehouse and industrial developments underway, including projects exceeding 600,000–850,000+ sq ft and ongoing construction activity throughout the area. This continued expansion is fueling long-term demand and positioning Perris as a strategic location for investors and developers. Property can also be purchased with adjacent parcel at 2240 Markham St, featuring an additional 3-bedroom, 2-bath home (approx. 1,736 sq ft), steel building, and 37,026 sq ft lot, creating a rare multi-parcel opportunity with expanded potential. Excellent opportunity for investors, developers, or owner-users looking to capitalize on growth in a rapidly expanding corridor.

18420 Decker, Perris

$1,260,000
219146255DA MLS Active Status
What's Being Offered A mobile home park with 12 tenant-occupied units Pluss 2 more. Rent guaranteed by the county through 2041 year. A government-backed housing program (likely subsidized housing lease) Owner responsibilities are minimal: o Provide Free water service.o Maintain general cleanliness of the park .o Tenants pay: (Electricity. Gas. Internet ) o Repairs (for pay from tenants' units) 🏠 The 2 Owner-Owned Units. These are different Mobiles Homes: Owner must handle repairs on the water well. Still not responsible for electricity or gas for the other 12 Mobiles Homes. These generate separate rental income (not part of the county master lease) 💰 The Big Selling Point 'Guaranteed income through 2041'This is the headline feature. o 🚩 No Units are vacant? 2. Owner offers financials details. o Actual monthly income o Expenses (water, maintenance, insurance, taxes) o Net operating income (NOI) 3. Utility responsibility.It says owner provides water service, And Maitane's service to the Well.4. Repairs 'not your responsibility on the 12 Mobiles Homes. Who owns each mobile home. Different tenants.Tenants own their homes (common in mobile home parks) That's a big advantage,5. The others 2 units or Mobiles Homes are owned by the sellers. These could: Add income two more Income, per month. 🧠 Bottom Line. This could be: A low-maintenance, stable cash-flow investmentA 'guaranteed' income. A summary of rent roll.As of today, I can tell you about the outcome regarding the parking situation: An APN (Assessor's Parcel Number) has been assigned to each individual parking space.This was done to ensure that every property could be uniquely identified; as humans, we tend to repeat numbers and street names, which creates issues for utility providers such as water and electricity companies. That is precisely what the County did: it subdivided the parcels of land upon which the mobile homes are situated. However, while the individual records for each lot now list the designation 'LEASE LAND,' the general property records still identify Jose and his wife as the legal owners.--------------------------------------Para preguntas y citas llama/texto:Salvador 760.409.3614

40265 Galindo Court, Indio

$675,000
SW26070373 MLS Active Status
Plans to built 3 plex has been submitted to the city for review and approval; each unit plan has 3 bedrooms and 2 baths. Exceptional value-add investment opportunity located at 32989 Macy St in the growing city of Lake Elsinore. Previously designated as a commercial-zoned and utilized as a church, this property has been rezoned by the city to High Density R-3 Residential, creating a rare and highly desirable opportunity to meet the area’s increasing housing demand. This zoning shift significantly enhances the property’s development potential, making it ideal for developers, investors, and builders seeking to maximize returns. The existing structure spans approximately 4,200 square feet and offers a strong foundation for redevelopment into a multi-unit income-producing asset, with potential for a 3-plex configuration and additional ADU possibilities (buyer to verify with city). With limited inventory and continued population growth in the region, this property is well-positioned for long-term appreciation and rental income potential. The property enjoys scenic lake and mountain views and is located just minutes from Lake Elsinore, Southern California’s largest natural freshwater lake, known for boating, fishing, and year-round outdoor recreation. Its strategic location near Ortega Highway provides convenient commuter access to Orange County, making it especially attractive for tenants traveling to coastal employment hubs. Additionally, the property is just a short drive from the Interstate 15 Fwy, offering seamless connectivity to Corona, Temecula, Riverside, and San Diego. Residents will appreciate close proximity to popular local attractions such as Lake Elsinore Launch Pointe, Lake Elsinore Beachfront Park, Lake Elsinore Casino, and Storm Stadium, along with convenient access to nearby Costco, Home Depot, Target, Super Wal-Mart, Lowe's Shopping centers, dining, and everyday amenities. With its prime location, flexible high-density zoning, scenic views, and strong redevelopment potential, this property represents a rare opportunity to invest in one of Southern California’s rapidly expanding rental markets.

32989 Macy, Lake Elsinore

$948,000
P1-26538 MLS Active Status
RARE opportunity to own a beautifully updated triplex in the heart of Riverside offering immediate cash flow, exceptional upside, and a unique path to owner occupancy.One unit is currently vacant, creating an ideal opportunity for an owner-occupant to move in and potentially take advantage of owner-occupied financing options, including FHA financing for qualified buyers (buyer to verify with lender), while collecting rental income from the remaining units to help offset monthly housing costs. This is an excellent opportunity for buyers looking to build wealth through 'house hacking.'The property last generated approximately $64,704 in annual income with all three units occupied, with the potential to increase to approximately $85,704 annually through the included architect-prepared, city-approved ADU plans utilizing the existing detached garage (buyer to verify), creating a straightforward path to adding a fourth income-producing unit.Situated on two contiguous parcels totaling approximately 0.33 acres, this investment has undergone extensive recent improvements, including a new roof, complete unit renovations in 2023, fresh interior and exterior paint, and completed termite work, providing a low-maintenance ownership experience.The property features three well-designed units, ample on-site parking, and a detached garage assigned to the larger unit. Tenants pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, contributing to strong operating margins.Ideally located just minutes from UC Riverside, Riverside City College, Downtown Riverside, and convenient access to the 60, 91, and 215 freeways, this property appeals to both seasoned investors and owner-occupants seeking rental income with long-term appreciation potential.Whether you're looking for a strong performing investment or the opportunity to live in one unit while your tenants help pay the mortgage, this property offers flexibility that is increasingly difficult to find.Drive-by only. Please do not disturb tenants. Interior inspection subject to an accepted offer.

3633 Kansas Avenue, Riverside

$870,000
CV26070291 MLS Active Status
We are pleased to present the opportunity to acquire a five-unit multifamily investment property located at 3737 E Calle De Carlos in Palm Springs, California. Located in the Demuth Park submarket, the offering presents a value-add opportunity for an investor seeking to reposition and stabilize an asset in an established Palm Springs rental market. One unit is currently occupied, providing a new owner with significant flexibility to implement their desired renovation strategy, lease available units at market rents, and establish a new rent roll as the asset is stabilized. Built in 1967, the five-unit building consists of approximately 3,800 square feet of rentable living area situated on an approximately 10,018-square-foot lot. The unit mix consists of five large ±700-square-foot studio floor plans featuring open layouts and private rear patios. Additional features include open parking and an on-site laundry room. Ownership pays water, sewer, and trash, while electricity is individually metered in this all-electric building. Each unit is equipped with wall-mounted air conditioning. Classic interior finishes provide a foundation for a new owner to implement their own renovation and design strategy.The asset is situated in a well-established residential area with convenient proximity to Palm Springs International Airport, Palm Springs High School, and the retail, dining, and entertainment amenities of Downtown Palm Springs. Its central location provides convenient access to major employment, transportation, and lifestyle destinations throughout the city. The offering provides a value-add investor with substantial flexibility to renovate, reposition, and establish a new rent roll at market rates, creating a clear path toward stabilization and improved operating performance.

3737 E Calle De Carlos, Palm Springs

$1,275,000
CV26045872 MLS Active Status
Baristo Apartments is a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California. Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located within the desirable Sunrise Park submarket of Palm Springs. Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces, a community pool and a shared laundry room. Units 1 and 6 feature individual in-unit washer and dryer hookups. The property benefits from its proximity to Palm Springs High School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport. The surrounding area is characterized by established residential neighborhoods, strong year-round rental demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal. 1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing asset within one of Southern California’s most established resort markets. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.

1900 E Baristo Road, Palm Springs

$1,575,000
CV26019708 MLS Active Status
Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings located at 421 & 427 Devener Street, built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustained renter demand. Residents enjoy a robust lifestyle and amenity base, including the historic Mission Inn Hotel & Spa, the Fox Performing Arts Center, and outdoor attractions such as California Citrus State Historic Park. With a population of approximately 323,700 and a median household income near $88,600, Riverside’s demographic and economic fundamentals continue to support long-term multifamily ownership. Overall, 421–427 Devener Street represents an attractive opportunity to acquire a centrally located apartment building in Southern California’s most resilient and investor-friendly inland markets.

421 Devener, Riverside

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.