Three-Unit Multifamily
For Sale
$3,748,000
751 Capp Street, San Francisco, CA 94110
Fully occupied three-unit building with updated kitchens and baths, built in 1900 and configured for large bedroom layouts.
Property Size5,500 SF
Price / SF$681.45
Days on Market37
Property Features for 751 Capp Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
6.7%
Multifamily Units
3
Amenities
Unique 3-unit asset featuring expansive 5BR, 6BR, and 7BR floor plans totaling approximately 5,500 SF, catering to strong demand for large-format housing in the Mission District.
Fully occupied and stabilized property with in-place rents near market levels, delivering immediate income with minimal operational or leasing risk.
Well-maintained 1900 vintage building combining timeless architectural appeal with stable occupancy and near-market rental income.
Building Details
Building Size
5,500 SF
Year Built
1900
Units
3
Construction
Victorian
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(415) 625-2161
Listed By:
Eymon Binesh · License #License(s): CA: 02060059
(415) 625-2161
Source:
Marcusmillichap
Added: Jul 25
Changed: Aug 8
Last Checked: Aug 30 at 1:20PM
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
Investment Insights
Based on property information with market context.
751-753 Capp Street is a fully stabilized three-unit multifamily property in a Victorian-era building originally constructed in 1900. The building totals approximately 5,500 square feet of living space and is currently 100% occupied. Unit mix includes one 7-bedroom unit, one 6-bedroom unit, and one 5-bedroom unit, offering large-format residential layouts within the same property.
Interiors have been renovated with updated kitchens and baths and more spacious, open-concept living areas. Current in-place performance is supported by strong occupancy and a stated 6.70% CAP on current rents, with minimal management requirements noted in the offering.
The property sits within the Mission Area Plan, and the location is described as being in the heart of San Francisco’s Mission District.
Interiors have been renovated with updated kitchens and baths and more spacious, open-concept living areas. Current in-place performance is supported by strong occupancy and a stated 6.70% CAP on current rents, with minimal management requirements noted in the offering.
The property sits within the Mission Area Plan, and the location is described as being in the heart of San Francisco’s Mission District.
Key Highlights
- Fully occupied 3‑unit multifamily at 751‑753 Capp Street
- Approx. 5,500 SF of living space in a building originally built in 1900
- Unit mix: one 7‑bedroom unit, one 6‑bedroom unit, and one 5‑bedroom unit
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
$184,608
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
4.93%
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%
$3,692,160
$3.7M
Cap Rate 7%
$2,637,257
$2.6M
Cap Rate 9%
$2,051,200
$2.1M
Market Conditions
NOI Build-Up for 5,500 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
$280.5K $51.00/SF
− Vacancy
−$16.8K −$3.05/SF
EGI
$263.7K $47.95/SF
− OpEx
−$79.1K −$14.39/SF
NOI
$184.6K $33.57/SF
Area
ZIP 94110
Vacancy
5.98%
Lease Rate
$51.00 /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%
$3,692,160
Cap Rate 7%
$2,637,257
Cap Rate 9%
$2,051,200
Alternative Uses
Best Use
Multifamily LT 5
$2.64M
$2.31M – $3.08M
NOI $184,608 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$2.43M
$2.13M – $2.83M
NOI $170,066 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$26.87M
$23.51M – $31.34M
NOI $1,880,567 @ 7.0% cap · market cap 50.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
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?
Triplex - Fully occupied three-unit building with updated kitchens and baths, built in 1900 and configured for large bedroom layouts.
Where is this triplex located?
The property is located at 751 Capp Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,748,000.
What are key features of this property?
This property features: Fully occupied 3‑unit multifamily at 751‑753 Capp Street; Approx. 5,500 SF of living space in a building originally built in 1900; Unit mix: one 7‑bedroom unit, one 6‑bedroom unit, and one 5‑bedroom unit
