Renovated Six-Unit Apartment
For Sale
$4,975,000
3548 Pierce Street, San Francisco, CA 94123
Updated one- and two-bedroom residences offer a varied unit mix in San Francisco.
Property Size6,324 SF
Price / SF$786.69
Days on Market1390
Property Features for 3548 Pierce Street
General Information
Standard status
Active
Size
6,324 SF
Property subtype
Multi-family
Building Details
Year Built
1927
Listing Agency:
Marcus & Millichap
Listed By:
Sam Runco · License #(S):CA:01977683
(415) 625-2159
Source:
Sevengables
Added: Dec 24, 2022
Changed: Oct 13
Last Checked: Oct 12 at 8:26PM
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.
Located at 3548 Pierce St in San Francisco, this 6,324-square-foot apartment building contains six residences: two one-bedroom, one-bath units and four two-bedroom, two-bath units. The interiors have been recently renovated with updated finishes, while the building has received a new heating system, water heaters, intercom system, and lobby renovation.
All four two-bedroom apartments are currently vacant. The cleared garage spaces may support potential ADU development, subject to applicable approvals. A Walk Score of 97 places the property near shopping, dining, and entertainment options, with convenient pedestrian access to surrounding amenities.
All four two-bedroom apartments are currently vacant. The cleared garage spaces may support potential ADU development, subject to applicable approvals. A Walk Score of 97 places the property near shopping, dining, and entertainment options, with convenient pedestrian access to surrounding amenities.
Key Highlights
- Six‑unit apartment building totaling 6,324 square feet
- Unit mix includes two 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units
- All four 2‑bedroom units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,322
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,106,440
$4.1M
Cap Rate 7%
$2,933,171
$2.9M
Cap Rate 9%
$2,281,356
$2.3M
Market Conditions
NOI Build-Up for 6,324 SF
Gross rent
$398.4K $63.00/SF
− Vacancy
−$25.1K −$3.97/SF
EGI
$373.3K $59.03/SF
− OpEx
−$168.0K −$26.56/SF
NOI
$205.3K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,106,440
Cap Rate 7%
$2,933,171
Cap Rate 9%
$2,281,356
Alternative Uses
Best Use
Apartment 5plus
$2.93M
$2.57M – $3.42M
NOI $205,322 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$30.89M
$27.03M – $36.04M
NOI $2,162,310 @ 7.0% cap · market cap 43.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
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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 - Updated one- and two-bedroom residences offer a varied unit mix in San Francisco.
Where is this apartment building located?
The property is located at 3548 Pierce Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: Six‑unit apartment building totaling 6,324 square feet; Unit mix includes two 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units; All four 2‑bedroom units are currently vacant
