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    Golden Gate Park Front Duplex Title is generated by Realmo AI

    3427-3429 Lincoln Way, San Francisco, CA 94122

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    For Sale
    $1,595,000

    Rare duplex facing Golden Gate Park, ideal for owner-user or investment.

    Type:Multi Family
    Property size:
    2,500 SF
    Price / SF:
    $638/SF
    Added:
    Mar 16, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 16 at 11:36 pm

    Property Features for 3427-3429 Lincoln Way

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Barbara Brodrick

    Listing agent Barbara Brodrick License #DRE #01356672

    Listing office Compass

    Listing date Mar 16, 2026

    Source Compass

    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 Compass

    HighLights

    • Directly faces Golden Gate Park offering unobstructed park frontage.
    • Rare two‑unit duplex suitable for owner‑user or investment.
    • Updated electrical and plumbing, newer roof, and recent exterior paint.
    • Separate water and electrical meters, plus dedicated washer and dryer for each unit.
    • Garage parking and two private lockable storage rooms.
    • Easy access to public transportation, neighborhood dining, shops, and amenities.

    Overview

    This two-unit property directly faces Golden Gate Park, presenting an opportunity for either an owner-user seeking stability with supplemental income or an investor interested in a well-located San Francisco asset. The Lincoln Way duplex has been thoughtfully maintained, featuring updated electrical and plumbing systems, a newer roof, and exterior paint completed within the past two years. Practical features include separate water and electrical meters, garage parking, and a dedicated washer and dryer for each residence. The upper unit is ready to show, providing immediate flexibility for an owner-user or market-rate rental. The lower unit is tenant-occupied on a month-to-month lease. Additional highlights include two private lockable storage rooms and a shared backyard. With unobstructed park frontage, easy access to public transportation, and close proximity to neighborhood dining, shops, and amenities, this property is located in one of San Francisco’s desirable park-side locations. The property size is 2500 square feet.

    Local 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 $127.5k $51.00
    − Vacancy −$7.6k −$3.05
    EGI $119.9k $47.95
    − OpEx −$36.0k −$14.39
    NOI $83.9k $33.57
    2,500 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $83,913 @ 7.0% cap · market cap 5.26%
    Second Best
    Apartment 5plus
    $1.08M
    $943.1K – $1.26M (±1% cap)
    NOI $75,447 @ 7.0% cap · market cap 4.73%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.49492
    Latitude
    37.7644

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    FAQs

    What type of property is this?
    Duplex - Rare duplex facing Golden Gate Park, ideal for owner-user or investment.
    Where is this duplex located?
    The property is located at 3427-3429 Lincoln Way San Francisco, CA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: Directly faces Golden Gate Park offering unobstructed park frontage.; Rare two‑unit duplex suitable for owner‑user or investment.; Updated electrical and plumbing, newer roof, and recent exterior paint.
    (415) 528-1318
    We can help!
    Listing Contact
    Barbara Brodrick
    Real Estate License ID: DRE #01356672
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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