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1498 Powell Way, Riverside, CA 92501

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For Sale
Sale Pending

$589,000

4 beds • 1,230 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $478.86
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Charming Multi-Gen Opportunity in Prime Riverside Location Welcome to this rare dual-address home 1498 & 1496 Powell designed for flexibility and future income. Use it as one expansive 4-bed, 2-bath home, or split into a 3-bed/1-bath main house plus a fully permitted studio ADU with its own kitchen & bath. Perfect for multigenerational living, long-term rental, or Airbnb income. Situated close to downtown Riverside and the University of Riverside, this property delivers location convenience and smart design. Enjoy easy commuting, dining, shopping, and transit access all just minutes away. Key Features: Two legal addresses & separate meters / entries Main house: 3 bedrooms, 1 bathroom (or expand to 4 beds / 2 baths) Permitted studio ADU: full kitchen, bath, private entrance Great for rental income, in-law setup, or guest quarters Lot size approx. 6,534 sq ft Walking distance to schools, shops & restaurants Quick freeway access and close proximity to UCR campus Excellent location + use combo for owner-occupiers and investors Don t miss this unique property that blends flexible living with investment potential. Schedule your showing today.
MLS# PW25232620

Courtesy Of Realty ONE Group Synergy

(562) 696-6515

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 1498 Powell Way, Riverside, CA 92501

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.