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Triplex Apartment Building

3451 22nd St San Francisco, CA 94110

Claim this Listing
For Sale
$1,600,000

MULTI_FAMILY - San Francisco, CA

Property size:
3,140 SF
Lot size:
0.04 Acres
Price / SF:
$509.55/SF
Added:
May 20, 2025
Days on Market:
421
Last Refresh:
Jul 14 at 12:06 pm

Property Features for 3451 22nd St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Exterior features
No Yard
Standard status
Active
APN
3631 001
Size
3,140 SF
Lot size
0.04 Acres

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1924
Number of units
4
Flooring type
Tile
Building materials
Stucco

Listing agent Garrick Yan License #01916102

Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA

Listing date May 20, 2025

MLS# 41098175 Listing URL

Copyright © 2026 Bay East. 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 triplex apartment building features three 1-bedroom units, along with an on-site manager’s office. The property also includes a garage and a laundromat, providing on-site support for residents.

Located at 3451 22nd St in San Francisco, the building is described as just steps from Dolores Park, placing it within close proximity to a well-known community green space in the area.

As a residential income property configured around three separate one-bedroom apartments plus shared onsite amenities, it presents a straightforward setup for an owner seeking an all-in-one use arrangement.

Key Highlights

  • Three 1‑bed apartments plus an on‑site manager's office
  • On‑site laundromat and garage included
  • Just steps from Dolores Park

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 $160.1k $51.00
− Vacancy −$9.6k −$3.05
EGI $150.6k $47.95
− OpEx −$45.2k −$14.39
NOI $105.4k $33.57
3,140 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M (±1% cap)
NOI $105,395 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M (±1% cap)
NOI $97,092 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$15.34M
$13.42M – $17.89M (±1% cap)
NOI $1,073,633 @ 7.0% cap · market cap 67.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store Auto Parts Store Adult Day Care (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

FAQs

What type of property is this?
Triplex - Triplex with three 1-bedroom apartments, an on-site manager’s office, garage, and laundromat near Dolores Park.
Where is this triplex located?
The property is located at 3451 22nd St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three 1‑bed apartments plus an on‑site manager's office; On‑site laundromat and garage included; Just steps from Dolores Park
Contact an agent
More about this property
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