Tenant-Occupied Triplex Income
3246 Vicente Street San Francisco, CA 94116
New
For Sale
$1,498,000
Triplex with two 1BR/1BA units and one studio, all tenant occupied for immediate rental income.
Property Size2,347 SF
Price / SF$638.26
Days on Market7
Property Features for 3246 Vicente Street
General Information
- Standard status
- Active
- Size
- 2,347 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing Agency:
Keller Williams Thrive
(408) 314-1328
Listed By:
Baris Demirlioglu · License #02154411
(408) 314-1328
Source:
Exitrealty
Added: Jul 18
Changed: Jul 23
Last Checked: Jul 23 at 10:03AM
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 Keller Williams Thrive
Investment Insights
Based on property information with market context.
This tenant-occupied triplex at 3246 Vicente Street in San Francisco is comprised of two 1BR/1BA units and one studio. The three units provide a straightforward rental setup within a single income property, with all units currently occupied.
The property is located in the Outer Sunset and is described as being just blocks from the beach, MUNI lines, and the SF Zoo, offering convenient access to popular destinations and transit.
For buyers seeking a multi-unit residence with an already-established tenant base, this triplex provides a compact, unit-mix configuration of two 1-bedroom apartments plus an additional studio unit.
The property is located in the Outer Sunset and is described as being just blocks from the beach, MUNI lines, and the SF Zoo, offering convenient access to popular destinations and transit.
For buyers seeking a multi-unit residence with an already-established tenant base, this triplex provides a compact, unit-mix configuration of two 1-bedroom apartments plus an additional studio unit.
Key Highlights
- Triplex with two 1BR/1BA units and one studio
- All units are currently tenant occupied for immediate rental income
- Built in 1955
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.7k | $51.00 |
| − Vacancy | −$7.2k | −$3.05 |
| EGI | $112.5k | $47.95 |
| − OpEx | −$33.8k | −$14.39 |
| NOI | $78.8k | $33.57 |
2,347 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$984.7K – $1.31M
NOI $78,777 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$1.04M
$907.2K – $1.21M
NOI $72,572 @ 7.0% cap · market cap 4.84%
Theoretical Best
Retail
$10.70M
$9.36M – $12.48M
NOI $748,990 @ 7.0% cap · market cap 50.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with two 1BR/1BA units and one studio, all tenant occupied for immediate rental income.
Where is this triplex located?
The property is located at 3246 Vicente Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Triplex with two 1BR/1BA units and one studio; All units are currently tenant occupied for immediate rental income; Built in 1955
