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Rare ±0.85-acre infill site Zoned R-3-1500 Multi-Family Residential in city of Riverside. Corner of Tyler street and Alrington Ave. Received conceptual approval from the City of Riverside for a 27-unit multifamily project consisting of all 27 units 3-bedroom / 2-bathroom each. Strong Rental Support for 3BR/2BA Units: City of Riverside Section 8 vouchers : $2,851 - $3,320 Riverside County Section 8 v: $3,079 Illustrative Income Potential (at $3,000 per unit/month): 27 units × $3,000/month × 12 months = $972,000 potential gross annual income x 13 gross multiplier = potential furture value when project finished $12,636,000 . This combination of conceptual City approval and proven demand for larger 3BR/2BA units creates an attractive opportunity for multifamily developers and investors seeking an infill project with a clear path forward.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 9/9/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 252 - Riverside | County | Riverside |
Additional Details
| AREA | 252 - Riverside |
|---|---|
| LOT | 0.85 acre(s) |
| LOT DIMENSIONS | 37026 |
| SEWER | None |
| UTILITIES | None, Sewer Not Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Elite Homes Realty
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