Duplex with Bonus
For Sale
$2,195,000
3124-3126 Turk Boulevard, San Francisco, CA 94118
Residential Income, San Francisco, CA
Property Size3,580 SF
Lot Size0.06 Acres
Price / SF$613.13
Days on Market61
Property Features for 3124-3126 Turk Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Laundry Room, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 3, Bedroom 3, Basement, Bathroom 1
Parking
2
Parking features
Side By Side
Window features
Bay Window(s)
Patio and Porch features
Deck, Patio
Exterior features
Yard Space
Fencing
Fenced
Appliances
Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave
Lot features
Landscaped, Landscaped
Subdivision
SF District 1
Standard status
Active
APN
1141010
Size
3,580 SF
Lot size
0.06 Acres
Amenities
bay windows
wood-burning fireplace
French doors
in-unit laundry
sun deck
backyard
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Wood, Tile
Architectural style
Other
Listing Agency:
Compass
(415) 660-9955
Listed By:
Aaron M Bellings
(415) 601-3000
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 2 at 3:06PM
MLS# 426164687
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1925 Edwardian duplex contains 3,580 square feet across two full-floor flats, along with a renovated one-bedroom, one-bath bonus space with a kitchenette, private deck, and separate entrance. The lower flat and bonus space are vacant; the upper residence is occupied. Both flats include two bedrooms, a formal dining room, a full bath, and in-unit laundry. The lower unit also has a sunroom that can serve as a third bedroom, while the upper includes flexible space for an office or possible third bedroom. Period details include hardwood floors, bay windows, built-in shelving, and wood-burning fireplaces. An oversized two-car garage and a shared backyard with a sun deck and patio areas complete the property.
The property has a 0.0646-acre lot and a reported Walk Score of 92. Rossi Park, USF, Golden Gate Park, Clement Street, and Balboa Street are cited as nearby destinations.
The property has a 0.0646-acre lot and a reported Walk Score of 92. Rossi Park, USF, Golden Gate Park, Clement Street, and Balboa Street are cited as nearby destinations.
Key Highlights
- 3,580‑square‑foot duplex with two full‑floor flats and a separate‑entry one‑bedroom bonus space
- Built in 1925 on a 0.0646‑acre lot
- Renovated bonus space includes a kitchenette and private deck
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
$127,232
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
5.80%
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%
$2,544,640
$2.5M
Cap Rate 7%
$1,817,600
$1.8M
Cap Rate 9%
$1,413,689
$1.4M
Market Conditions
NOI Build-Up for 3,580 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
$193.3K $54.00/SF
− Vacancy
−$11.6K −$3.23/SF
EGI
$181.8K $50.77/SF
− OpEx
−$54.5K −$15.23/SF
NOI
$127.2K $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%
$2,544,640
Cap Rate 7%
$1,817,600
Cap Rate 9%
$1,413,689
Alternative Uses
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,232 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,232 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$17.49M
$15.30M – $20.40M
NOI $1,224,078 @ 7.0% cap · market cap 55.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,876
Businesses Nearby
Explore this area
Business Placement
Demographics for 94118, CA
42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two full-floor residences are complemented by a separate-entry one-bedroom space, an oversized garage, and shared outdoor areas.
Where is this duplex located?
The property is located at 3124-3126 Turk Boulevard San Francisco, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 3,580‑square‑foot duplex with two full‑floor flats and a separate‑entry one‑bedroom bonus space; Built in 1925 on a 0.0646‑acre lot; Renovated bonus space includes a kitchenette and private deck
