Russian Hill Multifamily Investment
1067 Union Street, San Francisco, CA 94133
Call to check price and availability
Five full-floor flats with significant rental upside potential.
Type:Multifamily
Property size:
6,075 SFPrice / SF:
$411/SF- Added:
- May 22, 2026
- Days on Market:
- 12
- Last Refresh:
- May 27 at 8:21 am
Property Features for 1067 Union Street
General Information
- Standard status
- Active
- Size
- 6,075 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1908
Listing agent Philip Batlin License #CA01873218
Listing office Marcus & Millichap - San Francisco (415) 625-2159
Listing date May 22, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Francisco
HighLights
- Prime Russian Hill location, one block from Hyde Street cable car.
- Two buildings on a single lot with frontage on both Union Street and Macondray Lane.
- Five full‑floor flats, each averaging 1,215 square feet.
- Units can be configured as 2 or 3‑bedroom layouts.
- Significant rental income upside due to below‑market rents.
- Original period detail and hardwood floors throughout.
Overview
Located on the upper crest of Russian Hill, one block from the Hyde Street cable car, the property at 1067-1071 Union Street comprises two buildings on a single lot. The property features frontage on both Union Street and Macondray Lane. Constructed in 1908, the wood-frame building contains five full-floor flats above a three-car garage. Three units have Union Street addresses (1067, 1069, 1071), while two units are addressed on Macondray Lane (128 and 130), a pedestrian street that has been part of Russian Hill since the 1880s. Each flat features a five-room floor plan averaging 1,215 square feet. The units are larger than typical two-bedroom apartments in San Francisco and can be configured as either a two- or three-bedroom layout. The building retains hardwood floors and original period details. The in-place rents are below market value, offering potential for increased rental income through turnover. The property is available individually and with 1159-1169 Union as a two-property portfolio. The property size is 6,075 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $382.7k | $63.00 |
| − Vacancy | −$24.1k | −$3.97 |
| EGI | $358.6k | $59.03 |
| − OpEx | −$161.4k | −$26.56 |
| NOI | $197.2k | $32.47 |
6,075 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,237 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$29.67M
$25.96M – $34.62M
NOI $2,077,172 @ 7.0% cap · market cap 83.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.41689
- Latitude
- 37.799213
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five full-floor flats with significant rental upside potential.
Where is this apartment building located?
The property is located at 1067 Union Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Russian Hill location, one block from Hyde Street cable car.; Two buildings on a single lot with frontage on both Union Street and Macondray Lane.; Five full‑floor flats, each averaging 1,215 square feet.
