Multifamily Property with Separate
For Sale
$2,995,000
1544-1548 Hyde Street, San Francisco, CA 94109
Residential Income, San Francisco, CA
Property Size6,924 SF
Lot Size0.09 Acres
Price / SF$432.55
Days on Market52
Property Features for 1544-1548 Hyde Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
13
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 10, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 13, Bedroom 7, Bedroom 11, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 5, Bathroom 4, Bedroom 5, Bedroom 12
Parking
1
Parking features
Garage
Lot features
Shape Regular, Shape Regular
Subdivision
SF District 8
Standard status
Active
APN
0184026
Size
6,924 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1908
Number of units
4
Listing Agency:
Compass
(415) 660-9955
Listed By:
Derek Chin
(415) 793-6734
Added: Jul 11
Changed: Aug 26
Last Checked: Aug 31 at 6:06AM
MLS# 426146193
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.
This for-sale multifamily property combines a remodeled single-family residence with a separate income-producing three-unit building. The residence features 4 bedrooms and 2 bathrooms and was built in 1960. The overall offering consists of address locations at 1544–1548 Hyde Street, with the single-family home and the separate three-unit structure presented as an integrated arrangement.
The property totals 6,924 square feet on a 0.0882-acre lot and is located in San Francisco, CA 94109.
For buyers looking for both private living space and additional rental units within the same ownership, this layout provides a straightforward way to pair a personal residence with an adjacent multifamily component.
The property totals 6,924 square feet on a 0.0882-acre lot and is located in San Francisco, CA 94109.
For buyers looking for both private living space and additional rental units within the same ownership, this layout provides a straightforward way to pair a personal residence with an adjacent multifamily component.
Key Highlights
- Separate single‑family home plus an adjacent three‑unit building—set up for live‑in privacy with additional rental income potential
- Remodeled 4‑bedroom, 2‑bath single‑family home at 33 Wall Place
- Three‑unit building on Hyde St
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
$232,405
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
7.76%
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%
$4,648,100
$4.6M
Cap Rate 7%
$3,320,071
$3.3M
Cap Rate 9%
$2,582,278
$2.6M
Market Conditions
NOI Build-Up for 6,924 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
$353.1K $51.00/SF
− Vacancy
−$21.1K −$3.05/SF
EGI
$332.0K $47.95/SF
− OpEx
−$99.6K −$14.39/SF
NOI
$232.4K $33.57/SF
Area
ZIP 94109
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%
$4,648,100
Cap Rate 7%
$3,320,071
Cap Rate 9%
$2,582,278
Alternative Uses
Best Use
Multifamily LT 5
$3.32M
$2.91M – $3.87M
NOI $232,405 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$2.95M
$2.59M – $3.45M
NOI $206,818 @ 7.0% cap · market cap 6.91%
Theoretical Best
Retail
$31.57M
$27.62M – $36.83M
NOI $2,209,632 @ 7.0% cap · market cap 73.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
10,528
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
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 - Includes a remodeled four-bedroom, two-bath home plus an adjacent three-unit building.
Where is this triplex located?
The property is located at 1544-1548 Hyde Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Separate single‑family home plus an adjacent three‑unit building—set up for live‑in privacy with additional rental income potential; Remodeled 4‑bedroom, 2‑bath single‑family home at 33 Wall Place; Three‑unit building on Hyde St
