3506 Albany Street, Riverside, California 92503, Riverside, 92503 - 0 bed, 0 bath
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Riverside, California 92503
This Rare Single-Level Duplex is a Strong Value Opportunity, listed at $838,000—positioned well below the $890,206 Fair Market Value by 5%. This valuation gap secures $52,206 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the property features a remodeled 3BR/2BA unit, private courtyards, and separate utility meters for easy management. Located near Liberty Elementary and the 91 Freeway, it offers high rental demand and long-term stability. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3506 Albany Street Subject | $838,000* List Price | 0 | 0 | 2,500 | $356 | - |
A 9708 Garfield Sold | $715,000 | 4 | 2 | 1,758 | $407 | 0.7 mi |
B 9708 Garfield Sold | $715,000 | 0 | 0 | 1,758 | $407 | 0.7 mi |
C 3751 Mckenzie Street Pending | $649,900 List Price | 5 | 2 | 2,000 | $325 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1978 duplex is in move-in ready condition with significant recent updates to one of the two units. Unit 3508 features newer laminate flooring, dual-pane windows, and refreshed bathrooms. While the kitchens retain original-style wood cabinetry, they have been updated with modern solid-surface countertops and newer appliances. The exterior and systems appear well-maintained, though the presence of popcorn ceilings and some original fixtures keeps it from an 'excellent' rating.
Both units feature a rare 3-bedroom, 2-bathroom single-level layout, which is highly desirable for families and long-term tenants, ensuring strong rental demand and premium income potential.
Unit 3508 has been recently remodeled with dual-pane windows, updated flooring, and renovated bathrooms, reducing immediate capital expenditure requirements for a new owner.
The property is equipped with separate gas meters and electrical panels, allowing tenants to pay their own utilities and significantly simplifying property management.
The assigned public schools have ratings ranging from 3 to 5, which may be a deterrent for some families and could impact long-term appreciation compared to higher-rated districts.
While one unit is fully remodeled, the other is only 'well-maintained,' suggesting a future need for modernization to achieve maximum market rent across the entire property.
Prime Location Single Level Duplex (3506 & 3508)in the Heart of Riverside – Strong Investment Opportunity! Exceptional opportunity to own a well-located duplex in one of Riverside’s most convenient and desirable areas. Situated near major shopping centers, restaurants, schools, medical facilities, and daily essentials, this property offers outstanding accessibility with easy access to the 91 Freeway. This rare single-level duplex features two spacious units, each offering 3 bedrooms and 2 bathrooms with functional layouts that appeal to a wide range of tenants.Features a private courtyard accessible from sliding glass doors, perfect for indoor-outdoor living.Unit 3508 has been tastefully remodeled within the past few years, featuring updated flooring, Duel Pannel windows,refreshed interior paint, and renovated bathrooms. Unit 3506 is well maintained.Each unit includes its own private yard and patio area, enhancing tenant enjoyment and long-term rental appeal. The property also offers an attached 3-car garage along with an extended driveway providing ample parking space.Separate gas meters and electrical panels add convenience for property management.With its highly walkable location near shopping, dining, and essential services, this property presents strong rental demand potential and long-term upside.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-5 • 1.3 mi
Grades PK-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,500 | 1,886 | 56% |
| Lot Size | 11,761 | 9,583 | 56% |
| Price | $838.0K | $715.0K | 67% |
| Price per sq ft | $335 | $360 | 33% |
| Built year | 1978 | 1962 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 187 | 11% |
Apr 14, 2026
$838,000
Initial Listing
Mar 30, 2022
$670,000
Public Record