7-Unit Apartment
For Sale
$2,750,000
1017 Hyde Street, San Francisco, CA 94109
Residential Income, San Francisco, CA
Property Size5,353 SF
Lot Size0.05 Acres
Price / SF$513.73
Days on Market30
Property Features for 1017 Hyde Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Laundry Room
Parking
3
Parking features
Covered, Side By Side
Lot features
Shape Regular, Shape Regular
Subdivision
SF District 8
Standard status
Active
APN
0250003B
Size
5,353 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1914
Floors in Building
4
Number of units
7
Listing Agency:
Compass
(415) 660-9955
Listed By:
Kevin S Wong · License #01331542
(212) 913-9058
Added: Aug 21
Changed: Sep 15
Last Checked: Sep 19 at 1:06PM
MLS# 426161623
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.
Located at 1017 Hyde Street, this 7-unit apartment property contains six 1-bedroom, 1-bath units and one studio. The building provides 5,353 square feet of residential space on a 0.0532-acre lot and was constructed in 1914. Two units are delivered vacant, creating flexibility for an owner-user or an investor pursuing operational improvements and rent repositioning.
The property sits near the boundary of Downtown and Nob Hill, with restaurants, cafés, shops, and neighborhood services in the surrounding area. Multiple MUNI lines and the Cable Car provide transit access, while Downtown, Polk Street, Russian Hill, and other San Francisco destinations are nearby. The building is served by public water and public sewer.
The property sits near the boundary of Downtown and Nob Hill, with restaurants, cafés, shops, and neighborhood services in the surrounding area. Multiple MUNI lines and the Cable Car provide transit access, while Downtown, Polk Street, Russian Hill, and other San Francisco destinations are nearby. The building is served by public water and public sewer.
Key Highlights
- 7‑unit apartment building with six 1bd/1ba units and one studio
- 5,353 square feet on a 0.0532‑acre lot
- Two units delivered vacant
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
$159,892
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
5.81%
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%
$3,197,840
$3.2M
Cap Rate 7%
$2,284,171
$2.3M
Cap Rate 9%
$1,776,578
$1.8M
Market Conditions
NOI Build-Up for 5,353 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
$310.3K $57.96/SF
− Vacancy
−$19.5K −$3.65/SF
EGI
$290.7K $54.31/SF
− OpEx
−$130.8K −$24.44/SF
NOI
$159.9K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
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%
$3,197,840
Cap Rate 7%
$2,284,171
Cap Rate 9%
$1,776,578
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$2.00M – $2.66M
NOI $159,892 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$24.40M
$21.35M – $28.47M
NOI $1,708,284 @ 7.0% cap · market cap 62.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
14,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom units and a studio create a compact multifamily layout near Downtown and Nob Hill.
Where is this apartment building located?
The property is located at 1017 Hyde Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7‑unit apartment building with six 1bd/1ba units and one studio; 5,353 square feet on a 0.0532‑acre lot; Two units delivered vacant
