Other Multifamily Income
For Sale
$1,750,000
3475-3479 18th Street, San Francisco, CA 94110
For sale multifamily income property located at 3475–3479 18th Street in San Francisco.
Property Size4,200 SF
Price / SF$416.67
Days on Market99
Property Features for 3475-3479 18th Street
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi Family
Building Details
Building Size
4,200 SF
Year Built
1907
Listing Agency:
Matthews Real Estate Investment Services, Inc.
Listed By:
David Harrington · License #CO701910000(AZ)
(310) 497-5590
Source:
Gregglynn
Added: Jun 1
Changed: Aug 28
Last Checked: Sep 7 at 9:56AM
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 Matthews Real Estate Investment Services, Inc.
Investment Insights
Based on property information with market context.
This other multifamily income property is offered for sale as a residential income asset. The listing includes approximately 4,200 square feet of property size, with the address spanning 3475–3479 18th Street in San Francisco, CA 94110.
The property’s configuration is presented as an income-oriented multifamily offering within the Residential income and Other multifamily property categories. Additional details such as unit count, layout, and specific building features were not provided in the available information, so prospective buyers should confirm those items during due diligence.
The property’s configuration is presented as an income-oriented multifamily offering within the Residential income and Other multifamily property categories. Additional details such as unit count, layout, and specific building features were not provided in the available information, so prospective buyers should confirm those items during due diligence.
Key Highlights
- Multifamily income property for sale at 3475–3479 18th Street in San Francisco
- Built in 1907
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
$129,868
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
7.42%
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%
$2,597,360
$2.6M
Cap Rate 7%
$1,855,257
$1.9M
Cap Rate 9%
$1,442,978
$1.4M
Market Conditions
NOI Build-Up for 4,200 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
$252.0K $60.00/SF
− Vacancy
−$15.9K −$3.78/SF
EGI
$236.1K $56.22/SF
− OpEx
−$106.3K −$25.30/SF
NOI
$129.9K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,597,360
Cap Rate 7%
$1,855,257
Cap Rate 9%
$1,442,978
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.62M – $2.16M
NOI $129,868 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.52M
$17.95M – $23.93M
NOI $1,436,069 @ 7.0% cap · market cap 82.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
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?
Multifamily property - For sale multifamily income property located at 3475–3479 18th Street in San Francisco.
Where is this multifamily property located?
The property is located at 3475-3479 18th Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Multifamily income property for sale at 3475–3479 18th Street in San Francisco; Built in 1907
