1498 Powell Way Riverside, CA 92501

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 1 bedroom 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 1 bedroom 2nd unit: full kitchen, bath, private entrance. Great for rental income, in-law setup, or guest quarters. Total 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.