Victorian Office
For Sale
$1,499,999
271 Austin Street, San Francisco, CA 94109
ResidentialIncome, SanFrancisco, CA
Property Size2,721 SF
Lot Size0.03 Acres
Price / SF$551.27
Days on Market60
Property Features for 271 Austin Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NC3
Parking features
On Street
Accessibility
Accessible Elevator Installed
Elementary school
SanFranciscoUnified
High school
SanFranciscoUnified
Elementary school district
SanFranciscoUnified
High school district
SanFranciscoUnified
Subdivision
VanNessCivicCente
Standard status
Active
APN
0666-011A
Size
2,721 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
280
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1909
Floors in Building
2
Number of units
2
Roof type
Tar/Gravel
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Aug 24
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# ML82058823
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-level office building dates to 1909 and retains period details, including double-hung windows and a decorative glass skylight above the top-floor light well. Rear decks connect to a yard, and the building has central heating and air conditioning, an installed accessible elevator, and on-street parking. It is offered as-is and is currently used as office space; residential conversion is a potential use, subject to verification of permitted use, feasibility, and permits.
The property is on a one-block street just off Van Ness. Polk Street cafes, restaurants, and shops are nearby, along with Muni, BART, Golden Gate Transit, and the 49 Van Ness BRT. NC-3 zoning allows residential and commercial use.
The property is on a one-block street just off Van Ness. Polk Street cafes, restaurants, and shops are nearby, along with Muni, BART, Golden Gate Transit, and the 49 Van Ness BRT. NC-3 zoning allows residential and commercial use.
Key Highlights
- Three‑level office building constructed in 1909
- NC‑3 zoning allows residential and commercial use
- Rear yard with decks and a decorative glass skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,046
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,920
$1.3M
Cap Rate 7%
$957,800
$957.8K
Cap Rate 9%
$744,956
$745.0K
Market Conditions
NOI Build-Up for 2,721 SF
Gross rent
$119.8K $44.04/SF
− Vacancy
−$30.4K −$11.19/SF
EGI
$89.4K $32.85/SF
− OpEx
−$22.3K −$8.21/SF
NOI
$67.0K $24.64/SF
Area
ZIP 94109
Vacancy
25.40%
Lease Rate
$44.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,920
Cap Rate 7%
$957,800
Cap Rate 9%
$744,956
Alternative Uses
Best Use
Office B
$957.8K
$838.1K – $1.12M
NOI $67,046 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$12.40M
$10.85M – $14.47M
NOI $868,343 @ 7.0% cap · market cap 57.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,623
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
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Market
Vacancy Rate% for Office in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Office building - NC-3 zoning supports both residential and commercial use.
Where is this office building located?
The property is located at 271 Austin Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Three‑level office building constructed in 1909; NC‑3 zoning allows residential and commercial use; Rear yard with decks and a decorative glass skylight
