Vacant Duplex with Two-Car
For Sale
$1,195,000
3039-3041 Judah Street, San Francisco, CA 94122
Two vacant flats share a level backyard, fireplaces, ocean-view dining rooms, and garage access.
Property Size2,250 SF
Price / SF$531.11
Days on Market36
Property Features for 3039-3041 Judah Street
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fireplaces
backyard
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Touchstone Commercial Partners Inc
(415) 275-0229
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 29 at 8:57AM
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 Touchstone Commercial Partners Inc
Investment Insights
Based on property information with market context.
Built in 1945, this vacant duplex includes two flats with closely matched layouts and a combined 2,250 square feet of property size. Each residence offers a north-facing living room with fireplace, a formal dining room with ocean views, a naturally bright kitchen, and a full bathroom with separate tub and shower. Two rear bedrooms complete each flat.
The garage provides side-by-side parking for two vehicles, additional storage, and potential for an ADU, workshop, or expanded living area. Both units have front entries and side stair access to the garage. Outdoors, a maintained level backyard provides space for gardening, gatherings, or everyday use. The property is near MUNI and bus service, with access to downtown San Francisco, UCSF, Ocean Beach, Irving Street, Judah Street, and Golden Gate Park.
The garage provides side-by-side parking for two vehicles, additional storage, and potential for an ADU, workshop, or expanded living area. Both units have front entries and side stair access to the garage. Outdoors, a maintained level backyard provides space for gardening, gatherings, or everyday use. The property is near MUNI and bus service, with access to downtown San Francisco, UCSF, Ocean Beach, Irving Street, Judah Street, and Golden Gate Park.
Key Highlights
- Vacant duplex with two flats featuring closely matched floor plans
- 2,250 square feet of property size; built in 1945
- Each flat includes two rear bedrooms, a fireplace, and a full bath with separate tub and shower
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
$75,522
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
6.32%
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%
$1,510,440
$1.5M
Cap Rate 7%
$1,078,886
$1.1M
Cap Rate 9%
$839,133
$839.1K
Market Conditions
NOI Build-Up for 2,250 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
$114.8K $51.00/SF
− Vacancy
−$6.9K −$3.05/SF
EGI
$107.9K $47.95/SF
− OpEx
−$32.4K −$14.39/SF
NOI
$75.5K $33.57/SF
Area
ZIP 94122
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,510,440
Cap Rate 7%
$1,078,886
Cap Rate 9%
$839,133
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.0K – $1.26M
NOI $75,522 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$970.0K
$848.8K – $1.13M
NOI $67,903 @ 7.0% cap · market cap 5.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 94122, CA
57,160
Population
24,155
Households
2.4
Avg Household Size
39
Median Age
63%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
17,321
Density / Sq Mi
$145,717
Median Household Income
$80,501
Median Earnings
$2,720
Median Rent
$1,507,100
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?
Duplex - Two vacant flats share a level backyard, fireplaces, ocean-view dining rooms, and garage access.
Where is this duplex located?
The property is located at 3039-3041 Judah Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Vacant duplex with two flats featuring closely matched floor plans; 2,250 square feet of property size; built in 1945; Each flat includes two rear bedrooms, a fireplace, and a full bath with separate tub and shower
