Remodeled Duplex with Private
For Sale
$1,400,000
224-224A Dwight Street, San Francisco, CA 94134
Beautified duplex offers updated electrical and plumbing, plus one- and three-bedroom units with decks.
Property Size1,856 SF
Days on Market21
Property Features for 224-224A Dwight Street
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Duplex
Additional Details
Business Included
No
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,856 SF
Year Built
1916
Listing Agency:
Century 21 Baldini Realty
(415) 939-4212
Listed By:
John Kenny
Source:
Swanngroupsf
Added: Jul 25
Changed: Aug 8
Last Checked: Aug 13 at 11:46AM
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 Century 21 Baldini Realty
Investment Insights
Based on property information with market context.
This beautifully remodeled duplex features fully updated electrical and plumbing systems, completed with city permits for added peace of mind. The property is arranged as two separate units, each with outdoor deck space.
Unit 1 is a one-bedroom layout with a comfortable living room, dedicated dining area, a bedroom, and a private deck. Unit 2 offers three bedrooms and two bathrooms, with two decks that extend the living space and provide views including downtown, the Bay Area, and city lights at night.
The property is within walking distance of San Bruno Avenue, with a wide variety of shops, restaurants, and services nearby. Access to major highways 101 and 280 is described as quick and convenient.
Unit 1 is a one-bedroom layout with a comfortable living room, dedicated dining area, a bedroom, and a private deck. Unit 2 offers three bedrooms and two bathrooms, with two decks that extend the living space and provide views including downtown, the Bay Area, and city lights at night.
The property is within walking distance of San Bruno Avenue, with a wide variety of shops, restaurants, and services nearby. Access to major highways 101 and 280 is described as quick and convenient.
Key Highlights
- Remodeled duplex with fully updated electrical and plumbing systems completed with city permits
- Year built 1916 duplex featuring Unit 1 with 1 bedroom and a private deck
- Unit 2 offers 3 bedrooms and 2 bathrooms with two decks
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
$65,961
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
4.71%
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%
$1,319,220
$1.3M
Cap Rate 7%
$942,300
$942.3K
Cap Rate 9%
$732,900
$732.9K
Market Conditions
NOI Build-Up for 1,856 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
$100.2K $54.00/SF
− Vacancy
−$6.0K −$3.23/SF
EGI
$94.2K $50.77/SF
− OpEx
−$28.3K −$15.23/SF
NOI
$66.0K $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 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%
$1,319,220
Cap Rate 7%
$942,300
Cap Rate 9%
$732,900
Alternative Uses
Best Use
Multifamily LT 5
$942.3K
$824.5K – $1.10M
NOI $65,961 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$860.8K
$753.2K – $1.00M
NOI $60,259 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$9.07M
$7.93M – $10.58M
NOI $634,606 @ 7.0% cap · market cap 45.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 94134, CA
41,695
Population
13,232
Households
3.2
Avg Household Size
42
Median Age
30%
College-Educated
77%
High-School Grad
2.6 sq mi
ZIP Area
16,037
Density / Sq Mi
$107,566
Median Household Income
$49,939
Median Earnings
$1,674
Median Rent
$1,064,100
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?
Duplex - Beautified duplex offers updated electrical and plumbing, plus one- and three-bedroom units with decks.
Where is this duplex located?
The property is located at 224-224A Dwight Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Remodeled duplex with fully updated electrical and plumbing systems completed with city permits; Year built 1916 duplex featuring Unit 1 with 1 bedroom and a private deck; Unit 2 offers 3 bedrooms and 2 bathrooms with two decks
