Remodeled Duplex with
For Sale
$1,400,000
224-224A Dwight Street, San Francisco, CA 94134
MULTI_FAMILY - Contemporary - San Francisco, CA
Property Size1,856 SF
Lot Size0.05 Acres
Price / SF$754.31
Days on Market30
Property Features for 224-224A Dwight Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Window features
Double Pane Windows
Patio and Porch features
Deck
View
City
Subdivision
SF District 10
Standard status
Active
APN
6119010
Size
1,856 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1916
Floors in Building
3
Number of units
2
Building materials
Stucco, Wood
Architectural style
Contemporary
Listing Agency:
Century 21 Baldini Realty · Century 21 Real Estate
(415) 587-4212
Listed By:
John Kenny
(650) 678-7761
Added: Jul 16
Changed: Aug 13
Last Checked: Aug 14 at 8:06AM
MLS# 426149496
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
224-224A Dwight Street is a remodeled duplex featuring fully updated electrical and plumbing systems, completed with city permits. The property was built in 1916 and includes stucco and wood construction, public water service, and public sewer.
Unit 1 is a one-bedroom home with a living room, dedicated dining area, a bedroom, and a private deck. Unit 2 is a three-bedroom, two-bath residence with two decks that expand the living space and are described as capturing views of downtown, the Bay Area, and sparkling city lights at night. The property is within walking distance of San Bruno Avenue, where there are shops, restaurants, and services.
With convenient access to major highways 101 and 280, commuting is described as quick and straightforward. The site includes 0.0516 acres and 1,856 square feet of building area.
Unit 1 is a one-bedroom home with a living room, dedicated dining area, a bedroom, and a private deck. Unit 2 is a three-bedroom, two-bath residence with two decks that expand the living space and are described as capturing views of downtown, the Bay Area, and sparkling city lights at night. The property is within walking distance of San Bruno Avenue, where there are shops, restaurants, and services.
With convenient access to major highways 101 and 280, commuting is described as quick and straightforward. The site includes 0.0516 acres and 1,856 square feet of building area.
Key Highlights
- Fully updated electrical and plumbing systems completed with city permits
- Two units: one‑bedroom in Unit 1; three‑bedroom, two‑bath in Unit 2
- Multiple decks including Unit 1 private deck and two decks for Unit 2
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,961
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,319,220
$1.3M
Cap Rate 7%
$942,300
$942.3K
Cap Rate 9%
$732,900
$732.9K
Market Conditions
NOI Build-Up for 1,856 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.2K $54.00/SF
− Vacancy
−$6.0K −$3.23/SF
EGI
$94.2K $50.77/SF
− OpEx
−$28.3K −$15.23/SF
NOI
$66.0K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,319,220
Cap Rate 7%
$942,300
Cap Rate 9%
$732,900
Alternative Uses
Best Use
Multifamily LT 5
$942.3K
$824.5K – $1.10M
NOI $65,961 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$860.8K
$753.2K – $1.00M
NOI $60,259 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$9.07M
$7.93M – $10.58M
NOI $634,606 @ 7.0% cap · market cap 45.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 94134, CA
41,695
Population
13,232
Households
3.2
Avg Household Size
42
Median Age
30%
College-Educated
77%
High-School Grad
2.6 sq mi
ZIP Area
16,037
Density / Sq Mi
$107,566
Median Household Income
$49,939
Median Earnings
$1,674
Median Rent
$1,064,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with updated electrical and plumbing, featuring two units and private decks for indoor-outdoor living.
Where is this duplex located?
The property is located at 224-224A Dwight Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully updated electrical and plumbing systems completed with city permits; Two units: one‑bedroom in Unit 1; three‑bedroom, two‑bath in Unit 2; Multiple decks including Unit 1 private deck and two decks for Unit 2
