Seven-Unit Apartment
New
For Sale
$2,600,000
184 Valley ST, San Francisco, CA 94131
Apartment property in Noe Valley with a permitted new-construction ADU and upgraded seismic and electrical systems.
Property Size4,379 SF
Days on Market6
Property Features for 184 Valley ST
General Information
Standard status
Active
Size
4,379 SF
Property subtype
FiveOrMoreUnits
Units
Unit Mix
6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
7
Building Details
Building Size
4,379 SF
Year Built
1908
Buildings
1
Listing Agency:
Marcus & Millichap
(408) 314-3009
Listed By:
Fred Rubio · License #01984041
(408) 314-3009
Source:
Johnpaye
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 10:59AM
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.
This seven-unit apartment building in San Francisco’s Noe Valley includes six one-bedroom, one-bath residences and one two-bedroom, one-bath ADU. The ADU is fully permitted and constructed as all-new construction, adding a distinct floor-plan option within the property’s residential configuration. Most units do not currently have in-unit laundry service.
Completed improvements include a soft-story seismic retrofit and upgraded electrical infrastructure with modern circuit-breaker panels. The building was constructed in 1908, combining an established apartment asset with documented structural and electrical updates. The property is located on Valley Street in Noe Valley, a San Francisco neighborhood identified in the property information as a consistently strong rental market.
Completed improvements include a soft-story seismic retrofit and upgraded electrical infrastructure with modern circuit-breaker panels. The building was constructed in 1908, combining an established apartment asset with documented structural and electrical updates. The property is located on Valley Street in Noe Valley, a San Francisco neighborhood identified in the property information as a consistently strong rental market.
Key Highlights
- Seven‑unit apartment building with six 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Fully permitted ADU with all‑new construction
- Completed soft‑story seismic retrofit
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 | $275.9k | $63.00 |
| − Vacancy | −$17.4k | −$3.97 |
| EGI | $258.5k | $59.03 |
| − OpEx | −$116.3k | −$26.56 |
| NOI | $142.2k | $32.47 |
4,379 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,173 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.39M
$18.72M – $24.95M
NOI $1,497,273 @ 7.0% cap · market cap 57.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
4,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 94131, CA
28,810
Population
13,755
Households
2.1
Avg Household Size
41
Median Age
78%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
14,405
Density / Sq Mi
$198,779
Median Household Income
$119,053
Median Earnings
$2,971
Median Rent
$1,749,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property in Noe Valley with a permitted new-construction ADU and upgraded seismic and electrical systems.
Where is this apartment building located?
The property is located at 184 Valley ST San Francisco, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Seven‑unit apartment building with six 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Fully permitted ADU with all‑new construction; Completed soft‑story seismic retrofit
