Three-Unit Period Multifamily
For Sale
$2,999,999
21-25 Belvedere Street, San Francisco, CA 94117
Haight-Ashbury multifamily property with updated interiors, original architectural details, and separately metered utilities.
Property Size4,965 SF
Price / SF$604.23
Days on Market53
Property Features for 21-25 Belvedere Street
General Information
Standard status
Active
Size
4,965 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Haight Ashbury
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 4BR/1.25BA, 1 x 3BR/1BA
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Compass
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 4:30PM
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
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Investment Insights
Based on property information with market context.
Built in 1900, this 4,965-square-foot multifamily property contains three residential units: one four-bedroom, two-bath flat; one four-bedroom, one-and-a-quarter-bath flat; and one three-bedroom, one-bath flat. Hardwood floors and box-beam ceilings add period character throughout the building. Unit 23 includes a renovated kitchen with new cabinetry, a subway tile backsplash, updated appliances, in-unit laundry, hardwood and tile flooring, and a walk-in pantry. Unit 21 has updated kitchen and bathroom finishes, while the lower level contributes additional interior space. A rear yard extends behind the building, and each unit has separate gas and electric metering along with its own heating system.
The property is located at 21-25 Belvedere Street in San Francisco’s Haight-Ashbury neighborhood, providing an urban setting for a three-unit residential asset.
The property is located at 21-25 Belvedere Street in San Francisco’s Haight-Ashbury neighborhood, providing an urban setting for a three-unit residential asset.
Key Highlights
- Three residential units totaling 4,965 square feet
- Unit mix includes two four‑bedroom flats and one three‑bedroom flat
- Built in 1900 with hardwood floors and box‑beam ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,454
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,529,080
$3.5M
Cap Rate 7%
$2,520,771
$2.5M
Cap Rate 9%
$1,960,600
$2.0M
Market Conditions
NOI Build-Up for 4,965 SF
Gross rent
$268.1K $54.00/SF
− Vacancy
−$16.0K −$3.23/SF
EGI
$252.1K $50.77/SF
− OpEx
−$75.6K −$15.23/SF
NOI
$176.5K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,529,080
Cap Rate 7%
$2,520,771
Cap Rate 9%
$1,960,600
Alternative Uses
Best Use
Multifamily LT 5
$2.52M
$2.21M – $2.94M
NOI $176,454 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$2.30M
$2.01M – $2.69M
NOI $161,199 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$24.25M
$21.22M – $28.29M
NOI $1,697,639 @ 7.0% cap · market cap 56.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 94117, CA
38,451
Population
19,709
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
29,578
Density / Sq Mi
$175,096
Median Household Income
$106,542
Median Earnings
$2,786
Median Rent
$1,641,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Haight-Ashbury multifamily property with updated interiors, original architectural details, and separately metered utilities.
Where is this triplex located?
The property is located at 21-25 Belvedere Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Three residential units totaling 4,965 square feet; Unit mix includes two four‑bedroom flats and one three‑bedroom flat; Built in 1900 with hardwood floors and box‑beam ceilings
