Four-Unit Residential Building with On-Site
For Sale
$2,075,000
1608 Folsom Street, San Francisco, CA 94103
Four-unit building featuring in-unit laundry and on-site parking for up to 3 standard cars or 2 SUVs.
Days on Market124
Property Features for 1608 Folsom Street
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Triplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
4,185 SF
Year Built
1914
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Gabriel Galiothe · License #01941289
Source:
Paytonslist
Added: Apr 1
Changed: Jul 29
Last Checked: Aug 1 at 10:58AM
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 Compass
Investment Insights
Based on property information with market context.
Welcome to 1608 Folsom Street, a well-maintained four-unit residential building that is fully occupied. The property includes three spacious two-bedroom, one-bath units, each with a full kitchen, sit-in dining area, and in-unit washer and dryer. In addition, there is an unwarranted studio unit that is also fully rented.
Some units feature private outdoor balconies or patios, adding usable space for relaxing or entertaining. The building also offers on-site parking for up to 3 standard cars or 2 SUVs, a notable convenience in the city.
Built in 1914, the property is located in the heart of SOMA, with easy access to BART, Muni, and freeways for commuting. The combination of in-unit amenities, a mixed unit configuration, and dedicated parking supports a practical owner-operator or investor fit.
Some units feature private outdoor balconies or patios, adding usable space for relaxing or entertaining. The building also offers on-site parking for up to 3 standard cars or 2 SUVs, a notable convenience in the city.
Built in 1914, the property is located in the heart of SOMA, with easy access to BART, Muni, and freeways for commuting. The combination of in-unit amenities, a mixed unit configuration, and dedicated parking supports a practical owner-operator or investor fit.
Key Highlights
- Fully occupied four‑unit building
- Three two‑bedroom, one‑bath units plus one unwarranted studio unit, all rented
- In‑unit washer and dryer in the two‑bedroom units
Financial Insights For Multifamily LT 5
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 | $226.0k | $54.00 |
| − Vacancy | −$13.5k | −$3.23 |
| EGI | $212.5k | $50.77 |
| − OpEx | −$63.7k | −$15.23 |
| NOI | $148.7k | $35.54 |
4,185 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.12M
$1.86M – $2.48M
NOI $148,733 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$1.94M
$1.70M – $2.26M
NOI $135,875 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$20.44M
$17.89M – $23.85M
NOI $1,430,940 @ 7.0% cap · market cap 68.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
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?
Quadplex - Four-unit building featuring in-unit laundry and on-site parking for up to 3 standard cars or 2 SUVs.
Where is this quadplex located?
The property is located at 1608 Folsom Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: Fully occupied four‑unit building; Three two‑bedroom, one‑bath units plus one unwarranted studio unit, all rented; In‑unit washer and dryer in the two‑bedroom units
