4187 Dwight Avenue, Riverside, CA 92507
- $725,000
- Sold Price
- $725,000
- List Price
- $724,999
- Closing Date
- Jul 31, 2026
- Status
- CLOSED
- MLS#
- IG26133680
- Year Built
- 1943
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- Front Yard, Lawn
- Days on Market
- 5
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with supplemental income potential. As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies). Whether you’re looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return.
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Additional Information
- Appliances
- Gas Oven, Microwave
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Neighborhood
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $60,600
- Operating Expense
- 18172
Listing courtesy of Listing Agent: Benjamin Rubalcava (benrubalcava@yahoo.com) from Listing Office: Re/Max Partners.
Listing sold by Benjamin Rubalcava from Re/Max Partners
Mortgage Calculator
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.