Riverside Real Estate | Riverside Multi-Family Homes for Sale

DW26220247 MLS ⋅ Active Status

Welcome to a unique opportunity to own a versatile multi-unit property in Jurupa Valley! Situated on a generously sized lot of nearly one acre, this property features four separate residential units, offering excellent potential for investors, multi-generational living, or those seeking rental income opportunities. The expansive lot provides a variety of possibilities for future improvements, subject to local zoning and city approvals. Enjoy the convenience of a large driveway, abundant additional parking, and extra space for vehicles, boats, recreational toys, and more. The property's spacious grounds and horse-property appeal offer added flexibility for those looking for room to spread out. Whether you're looking to expand your investment portfolio, explore additional ADU opportunities, or create a property that accommodates multiple living arrangements, this is an opportunity worth exploring. Don't miss the chance to own a property with space, versatility, and exciting potential in Jurupa Valley!

9085 Bellegrave, Riverside

$1,150,000

10 Beds ⋅ 5 Baths ⋅ DW26220191 MLS ⋅ Active Status

Rare Investment Opportunity in Jurupa Valley – Four Units on Nearly an Acre! Welcome to a unique opportunity to own a versatile multi-unit property in Jurupa Valley! Situated on a generously sized lot of nearly one acre, this property features four separate residential units, offering excellent potential for investors, multi-generational living, or those seeking rental income opportunities. The expansive lot provides a variety of possibilities for future improvements, subject to local zoning and city approvals. Enjoy the convenience of a large driveway, abundant additional parking, and extra space for vehicles, boats, recreational toys, and more. The property's spacious grounds and horse-property appeal offer added flexibility for those looking for room to spread out. Whether you're looking to expand your investment portfolio, explore additional ADU opportunities, or create a property that accommodates multiple living arrangements, this is an opportunity worth exploring. Don't miss the chance to own a property with space, versatility, and exciting potential in Jurupa Valley!

9085 Bellegrave, Riverside

$1,200,000

IV26207216 MLS ⋅ Active Status

Excellent opportunity to own a beautifully updated duplex featuring two spacious 3-bedroom, 2-bathroom units, both to be delivered vacant at closing, offering flexibility for an investor, multi-generational living, or an owner-occupant looking to live in one unit and rent the other. Both units have been expanded with newly constructed primary bedroom and bathroom additions completed in 2026, permitted, approved, and finalized in accordance with City of Riverside requirements. Each residence has its own private address, separate gas and electric meters, individual electrical subpanel, private front and backyard, and one-car garage with automatic garage door opener. The property is fully enclosed with wood and wrought-iron fencing, and each unit has its own automatic wrought-iron entry gate, providing additional privacy and separation. The interiors have been extensively updated with new flooring throughout, recessed lighting, new windows, new doors, window blinds, central A/C and heating, and tankless water heaters. Both kitchens feature new cabinetry, granite countertops, new stove/range, and exhaust fans. Bathrooms feature tile finishes, glass shower doors, new toilets, and new vanities with granite countertops. Bedrooms include mirrored closet doors. Each unit also has its own automatic front-yard sprinkler system, exterior lighting, and attractive landscaping accented by palm trees. Conveniently located near major freeways, shopping centers, schools, dining, and everyday amenities, the property is situated in an area with strong rental demand. With both units delivered vacant, separate utilities, private yards, individual garages, gated entrances, and extensive recent improvements, this property offers an excellent opportunity to establish new rents and choose your own tenants from day one. Two homes. Two private living spaces. One outstanding Riverside investment opportunity.

5875 5877 Challen Avenue, Riverside

$850,000

IV26212285 MLS ⋅ Active Status

Hello, please come and take a look to this triplex that is just minutes walking distance to all major excitement. This units have a lot to offer!!!

3040 Orange, Riverside

$760,000

CV26204224 MLS ⋅ Active Status

Duplex featuring a spacious 4-bedroom, 1.5-bath front unit and a separate 2-bedroom, 1-bath rear unit! This property offers a layout that stands out and provides excellent potential for an investor, multi-generational living, or an owner looking to live in one unit while generating rental income from the other. The front unit features a comfortable living room with a ceiling fan, a kitchen with plenty of cabinet space, and generously sized bedrooms. The full bathroom includes a shower/tub combination. The rear unit has been remodeled with new flooring, new carpet, fresh interior paint, and a kitchen featuring white cabinets for a clean, updated look. It offers 2 bedrooms and 1 bathroom with a shower/tub combination. The rear unit also received a new roof approximately five months ago, and the property features newer windows. Situated on a 9,583 sq. ft. lot, there is plenty of outdoor space for both units. A wrought iron fence surrounds the front of the property, while a chain-link fence divides the backyard, giving each unit its own good-sized outdoor area. With two separate units, individual yard spaces, a large lot, and recent improvements, this duplex offers excellent income potential and a great opportunity to add to an investment portfolio. Photos of the back unit were taken prior to tenants moving in

4008 Twining Street, Riverside

$1,700,000

IG26193774 MLS ⋅ Active Status

A rare opportunity to acquire a single-story apartment complex in Riverside CA. Built in 1959 Three buildings with a total of 9 units consisting of two 1 bedroom 1 bath triplexes, a 2-bedroom 1 bath duplex and a stand-alone unit with 2 bedrooms & one bath. This corner lot property also features a pool, individual electric and gas meters , has 10 covered parking spaces, and is on septic. Conveniently located near the 215 & 60 freeways, and minutes from downtown Riverside. This is the investment that you cannot pass up.

1152 Villa, Riverside

$725,000

IG26190778 MLS ⋅ Active Status

Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate units (SFD with a Secondary Unit) on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding one or two additional units (Buyer to independently verify development/building potential, zoning, permits, and requirements with the City of Riverside). The front home offers a spacious and inviting living room with recessed lighting and a cozy fireplace, tile and laminate wood flooring, upgraded maple cabinetry, a mini-split HVAC system, pantry/utility room, one-car attached garage, and washer/dryer hookups. Enjoy your own private patio and yard—perfect for relaxing or entertaining family and friends. The rear unit also features upgraded maple cabinetry, washer and dryer hookups, a private yard, and a mini-split HVAC system. Both homes have been thoughtfully upgraded and are well cared for by the current tenants. Additional highlights include a roof replacement completed in 2022 and an abundance of parking, with plenty of room for multiple vehicles, trucks, RVs, recreational toys, and more. Conveniently located near freeways, Galleria Mall, shopping centers, restaurants, and everyday amenities, this property combines current income-producing potential with valuable future possibilities. Opportunities like this are hard to find! Whether you're looking to expand your investment portfolio, generate rental income, or take advantage of the property's substantial land and development potential, this Riverside property is worth a closer look. Please DO NOT disturb Tenants.

10351 Wells Avenue, Riverside

$1,475,000

IV26185431 MLS ⋅ Active Status

***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!

4204 12th Street, Riverside

$1,478,000

CV26194251 MLS ⋅ Active Status

THIS UNIQUE PROPERTY HAS BEEN REHABBED THOUGHOUT THE YEARS WITH EACH UNITS EXQUSITLY MODERN ALL LAMINATE WOOD FLOORS, CROWN MOLDING, CENTRAL AC, GRANITE COUNTERS inside & out of the homes. EACH UNIT HAS APPROX 1800 SQ FT living space EACH, TOTALING 3600 SQ FT ON A 29,185 square foot lot (accesors records). INDIVIDUAL ADDRESS EACH WITH PRIVATE YARDS, CARPORTS, SECURE REMOTE ACCESS GATES, The back of the lot is separately fenced with LARGE GATE ACCESS for large vehicles.. HAS A SEPARATE STORAGE YARD with a very tall carport port & separate workshop/garage with automatic rollup door & a restroom on the side for visitors (permits unknown). BMP zoned, commercial with incidental storage offices however. (READ THE INHERITED CITY ZONE CLAUSE) residential occupancy may still exist, stipulates, cannot be vacant more than 6 months or it's subject to lose that zone status. Next to the railroad tracks with convenient access to the 60/215/91 fwys. Complete Conditions-Report | ?Plans-Architecual-Structural | Electrical Set | Mechanical Set 4 | Plan-Check-Responses 7.pdf? | ?Plumbing Set 6 | Phase 1 | City Fire Dept water flow test for an additional 3000 sqft structure in the future subject to design review. PLEASE REVIEW: Based on the proposed scope attached in supplements (such as a Minor Conditional Use Permit or Design Review) are required at this time. The proposed Building Permit applications: BP-2026-08835 | BP-2026-09179 | BP-2026-09184

3112 1st, Riverside

$683,000

RS26190079 MLS ⋅ Active Status

DON’T MISS THIS RARE TWO-HOMES-ON-ONE-LOT OPPORTUNITY! Whether you’re an investor looking for income potential or an owner-user who wants to live in one home and rent the other, this property offers exceptional flexibility. Both residences are ready for immediate occupancy, allowing the new owner to move in or begin establishing market rents right away. Each residence features 2 bedrooms and 1 bathroom and has been refreshed with new interior paint, new flooring, and newly installed wall A/C units, creating a clean, updated and move-in-ready feel. The rear residence offers additional usable space with an attached garage currently converted into an additional bedroom and living area without permits. Buyer to independently investigate and verify permits, square footage, use, rental potential and all property information with the appropriate authorities. Step outside to an expansive backyard offering plenty of room for outdoor entertaining, recreation and future possibilities. Conveniently located near shopping, dining, schools and everyday amenities, with easy access to the 60 Freeway and surrounding Riverside and Inland Empire communities. With two separate 2-bedroom residences, recent improvements and strong rental potential, opportunities like this are hard to find. Ideal for investors, multi-generational living or an owner-occupant looking for additional rental-income potential. Act quickly—this unique two-on-a-lot property is one you won’t want to miss!

4057 Fort, Riverside

$764,900

DW26188784 MLS ⋅ Active Status

Wow.”Both Houses Vacant” Awesome Investment opportunity. Beautiful 2 separate Unit Property that has been well kept and remodeled.Front House has 2 drive ways and consist of 3 bedrooms 2 bath house. Back house is 2 bedrooms 2 bath house with a big back yard. Perfect to live in one house and rent the other house to help with the mortgage. Property has new plumbing and electric and mini split AC in the front house. Freshly painted, Newer roof, and newer windows. Both Units also have newer modern laminate floorings.The property also has a separate structure used as a laundry room or bonus room. The property has great curb appeal with beautiful mature trees and great landscaping. The property and both units have been refreshed making this property move in ready and attractive to tenants or owner occupants. Property located near schools,parks, freeways, and shopping centers. Hurry. This property will not last long in the market.

7563 Lincoln, Riverside

$2,600,000

CV26174832 MLS ⋅ Active Under Contract Status

This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool. 4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors, offering investors exceptional stability and long-term value in a thriving urban market.

4412 Mission Inn Avenue, Riverside

$8,000,000

CV26172324 MLS ⋅ Active Status

Located at 5832-5834 Norwood Avenue, 5816-5853 Persepolis Court, and 10663-10665 Alborz Court, this portfolio is ideally situated near Kaiser Permanente Riverside Medical Center, La Sierra University, and the Galleria at Tyler, placing residents within minutes of the region's most prominent healthcare, education, and retail destinations with direct connectivity via the 91, 60, 15, and I-215 Freeways. Available for purchase together or separately, each duplex is individually parceled across seven lots. The 14-Unit Portfolio spans seven individually parceled lots totaling ±77,102 square feet with ±25,280 square feet of rentable area. Built in 2024 and 2026, each two-story townhome-style duplex averages 1,863 square feet. The unit mix includes four 3-bedroom/2.5-bathroom homes at 1,603 SF, eight 4-bedroom/2.5-bathroom homes at 1,950 SF, and two 5-bedroom/3-bathroom units at 2,034 SF. Every residence features an open-concept layout with high ceilings and abundant natural light, a designer kitchen with center island, quartz countertops, custom self-closing cabinetry, and stainless steel appliances. Additional interior features include luxury vinyl flooring, recessed lighting, ceiling fans, walk-in pantry, walk-in closets, and dual vanities in the primary suite. Each home includes an upper-level laundry room with washer and dryer, central HVAC, and solar energy systems. Exteriors include attached two-car garages, private front and rear yards with patios, and decomposed granite landscaping maintained across all three sites. Situated in southwest Riverside's established La Sierra Acres neighborhood, the portfolio offers suburban tranquility with exceptional regional connectivity. Retail and lifestyle amenities anchored by the Galleria at Tyler and Castle Park enhance resident quality of life, while the La Sierra Metrolink Station (3.7 miles) provides direct transit to LA Union Station. Riverside's major employers — Kaiser Permanente, Riverside Community Hospital, UC Riverside, and Collins Aerospace — drive robust rental demand, reinforcing long-term market stability. This 14-Unit Portfolio is a stable asset in one of Southwest Riverside's most supply-constrained neighborhoods. Whether you are a first-time investor seeking a turnkey entry into the Inland Empire multifamily market or a seasoned investor adding institutional-quality new construction to your portfolio, this is a rare opportunity to acquire a purpose-built, modern asset.

5852 -5854 Norwood Avenue, Riverside

$890,000

CV26114104 MLS ⋅ Active Status

TRIPLEX!!! 1 Bedroom & 2 Studio Units! *3342, 3344, 3340 Eucalyptus Ave., Riverside - Rare opportunity to own a beautifully renovated triplex on an oversized 15,681 square foot flat, usable lot in one of Riverside's most sought-after investment corridors, ideally positioned between Downtown Riverside and UC Riverside. Renovated in 2024, this income-producing property blends classic Riverside character with modern updates, creating an outstanding opportunity for investors, owner-occupants, or those seeking multigenerational living. The desirable unit mix includes two studio units and one 1-bedroom, 1-bath unit, offering broad rental appeal for students, professionals, and long-term tenants. Separate gas and electric meters for each unit provide added convenience and simplified property management. The extensive 2024 renovations give the property a fresh, updated feel while maintaining its timeless character. The oversized lot offers exceptional flexibility with space for future expansion, additional parking, outdoor living areas, or potential ADU development (buyer to verify), making this a property with both immediate income potential and long-term upside. The central Riverside location places the property just minutes from Downtown Riverside's restaurants, coffee shops, entertainment venues, museums, and historic attractions. UC Riverside, Riverside City College, local hospitals, and major employment centers are all nearby, helping support consistent rental demand. Convenient access to the 91, 60, and 215 freeways makes commuting throughout the Inland Empire and surrounding areas simple.

3342 Eucalyptus Avenue, Riverside

$1,350,000

IG26158195 MLS ⋅ Active Status

Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.

9079 Colony Place, Riverside

$799,995

IV26117396 MLS ⋅ Active Status

This is a great opportunity to own a duplex in a prime Riverside location with tons of potential. Both units have been renovated and offer 2 bedrooms and 1 bathroom each, making it a solid option for investors or even an owner-occupant looking to offset their mortgage. One of the units is currently vacant and move-in ready, featuring a spacious living room, a separate kitchen with quartz countertops, a new stove and range hood, and an updated bathroom with matching quartz finishes. There’s also a small private back patio that adds a nice touch of outdoor space. The other unit is tenant-occupied on a month-to-month lease. What really sets this property apart is the lot size and the possibilities that come with it. There’s room to expand the existing units, add a garage or laundry area, or even build an additional unit or another duplex (buyer to verify). It’s a rare chance to add value and maximize returns over time. The location is hard to beat—just minutes from the 91 freeway and close to the Galleria at Tyler, with plenty of shopping, dining, and entertainment nearby. It’s also conveniently located near schools, making it attractive for tenants. Properties like this don’t come around often, Don’t miss out on a strong investment in one of Riverside’s most convenient areas.

3928 Everest, Riverside

$895,000

IV26095718 MLS ⋅ Active Status

RIVERSIDE, NEAR DOWNTOWN, NICE 4 UNIT APARTMENT BUILDING, STOVES, WALL A/C'S, LAUNDRY ROOM WITH 1 WASHER/1 DRYER, LARGE FENCED COURTYARD, GARAGES, SPRINKLERS, CLOSE TO RIVERSIDE CONVENTION CENTER AND MISSION INN, 2 - 1 STORY UNITS ARE IN FRONT BUILDING AND 2 UPSTAIRS UNITS WITH 4 DOWNSTAIRS GARAGES ARE IN SEPARATE BACK BUILDING 3074 LEMON - STUDIO/1BATH (FRONT BUILDING) 3076 LEMON - 1 BDR/1 BATH (FRONT BUIDLING) 3078 LEMON - 1 BDR/1 BATH (BACK BUILDING) 3080 LEMON - 1 BDR/1 BATH (BACK BUILDING) WATER IS PAID FOR TENANTS AT 3074, 3078, AND 3080. ALL UTLITIES ARE PAID FOR TENANT AT 3076.

3076 Lemon, Riverside

$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

$889,000

9 Beds ⋅ 4 Baths ⋅ PW26081035 MLS ⋅ Active Status

This 3 unit property features a 3 bed 2 bath home, and two remodeled units 1 bed 1 bath ADU Rear Unit and a 5 bed 1 bath guest House. Opportunity knocks in the heart of Downtown Riverside. These centrally located units offer investors a chance to own in an area experiencing continued growth and revitalization. Positioned near notable developments such as the highly regarded Mission Lofts and just a short distance from the recently approved 8-story hotel project, this property is surrounded by clear signs of upward momentum and long-term potential. The location provides immediate access to the best of Downtown Riverside, including acclaimed dining, entertainment, arts, and cultural destinations. Residents can enjoy the historic Mission Inn, Riverside Art Museum, Fox Performing Arts Center, Riverside Philharmonic, Mt. Rubidoux hiking trails, and the Downtown Riverside Farmers Market. The property is also conveniently located near UC Riverside, adding to its appeal and rental demand. With its prime location and proximity to major downtown attractions and new development, this property presents a strong value-add opportunity in one of Riverside’s most dynamic neighborhoods.

2944 6th, Riverside

$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

$1,549,000

CV26019708 MLS ⋅ Active Status

ACTUAL 7.18% CAP RATE! 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

$724,995

TR25101045 MLS ⋅ Active Status

***Charming corner-lot duplex in Riverside’s historic district, just steps from the iconic Mission Inn and downtown attractions. This well-located property offers timeless character with recent updates including a new water heater and partial waterline replacement. Ideal for rental income or multi-generational living. Easy freeway access makes commuting a breeze, while the vibrant local scene provides unbeatable walkability to restaurants, shops, and cultural landmarks. A rare opportunity in one of Riverside’s most desirable neighborhoods!

4308 Lime Street, Riverside

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