Tenant-Occupied Triplex Income
For Sale
$1,498,000
3246 Vicente Street, San Francisco, CA 94116
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 Market13
Property Features for 3246 Vicente Street
General Information
Standard status
Active
Size
2,347 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1955
Tenancy
Multi
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 30 at 8:03AM
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 authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 94116, CA
44,092
Population
16,406
Households
2.7
Avg Household Size
44
Median Age
57%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
17,637
Density / Sq Mi
$152,587
Median Household Income
$79,675
Median Earnings
$2,938
Median Rent
$1,450,000
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?
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
