$1,250,000
222 W Rice Street, Blythe CA 92225
Multi-Family (10 Units)
Property type
142 days
On market
$281
Price per sqft
0 cars
Garage
1930
Year built
14,810 sqft
Lot size
Home highlights
Open Houses
Overview
10-Unit Apartment Complex - 222 W Rice St Perfect opportunity to purchase a cash flowing asset in the heart of Blythe. Unit Mix: 1 Studio Apartment - Fully remodeled including plumbing, electrical and mini split AC. 6 One-Bedroom/One-Bath Units - 4 units completely remodeled with new plumbing, electrical, and Mini split units. 3 Two-Bedroom/One-Bath Units - 1 Fully...
Listing provided by: Jonathan Smith DRE #01940912, RE/MAX Blythe Realty
Listing updated: Jan 15, 2026 at 01:59am.
Last checked: Jun 5, 2026 at 09:00pm
Source: CRMLS #SW26009284
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,319 | $1,319 | $1,400 | Furnished |
| 3 | 1 | 1 | — | $1,486 | $4,458 | $1,500 | Furnished |
| 2 | 1 | 1 | — | $655 | $1,310 | $850 | Unfurnished |
| 2 | 2 | 1 | — | $892 | $1,785 | $2,000 | Unfurnished |
| 1 | 2 | 1 | — | $1,720 | $1,720 | $1,800 | Furnished |
| 1 | 1 | 1 | — | $900 | $900 | $1,000 | Unfurnished |
# of Buildings: 6
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Ranges: 10
Rent Control: No
Units Leased: 10
Total Actual Rent: $11,800
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
9.0x
List Price / Annual Gross Rent
Cap Rate
8.18%
NOI / List Price
Gross Scheduled Income: $138,276
Vacancy Allowance Rate: 3%
Operating Expense: $27,898
Net Operating Income: $110,376
Annual Operating Expenses
Electric: $1,412
Gardener: $3,600
Fuel: $408
Insurance: $4,828
New Taxes: $13,500
Professional Management: $1
Trash: $4,900
Water / Sewer: $7,542
Other Expense: $1,212
Interior
Interior Features: Furnished, Quartz Counters, All Bedrooms Down
Room Type: Bedroom
Flooring: Laminate, Tile, Vinyl
Cooling: Ductless, Electric, Heat Pump, Wall Window Units
Heating: Ductless, Electric, Heat Pump
Appliances: Built In Range, Electric Cooktop, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Water Heater, Dryer, Washer
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup, Outside, Dryer Included, Washer Included
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Asphalt, Flat, Rolled Hot Mop, Shingle
Foundation: Slab
Window Features: Double Pane Windows, Energy Star Qualified Windows
Construction Materials: Drywall, Stucco
Property Condition: Updated Remodeled
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Lawn
Pool: None
Spa: None
Fencing: Chain Link
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Neighborhood
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, On Street
Garage Spaces: 0
Uncovered Spaces: 11
Parking Total: 11
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 848052008
Additional Parcels: No
Tax Lot: 27
Zoning: R3
Tax Block: 14
Subdivision: N/A
Community
HOA: No
HOA Fee: $0
HOA Amenities: Trash, Water
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 222 W Rice Street, Blythe, CA 92225. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,000,000
Total Interest
$1,275,445
Total Payment
$2,275,445
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$7,773
per month
Property History for 222 W Rice Street
Blythe Market Snapshot
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