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    Residential Income Triplex Title is generated by Realmo AI

    40-44 San Carlos Street, San Francisco, CA 94110

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    Claim this Listing
    Pending
    $1,229,000

    MULTI_FAMILY - San Francisco, CA

    Property size:
    2,825 SF
    Lot size:
    0.05 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 28 at 12:06 am

    Property Features for 40-44 San Carlos Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1
    Appliances
    Free-Standing Gas Range
    Standard status
    Pending
    APN
    3576031
    Size
    2,825 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1908
    Floors in Building
    3
    Number of units
    3

    We can help!

    Contact an agent
    Karla Melara

    Listing agent Karla Melara

    Listing office Century 21 Baldini Realty 4977 Mission St., San Francisco, CA

    Listing date Apr 3, 2026

    MLS# 426118530 Listing URL

    Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex in the front with a cottage in the back
    • Each unit has its own water and PG&E meter
    • Both buildings include a tall basement
    • Built in 1908
    • Free‑standing gas range included

    Overview

    This for-sale residential income property consists of a duplex in the front and a cottage in the back, creating a three-unit configuration. Both the front and back buildings include tall basements. Each unit is separately metered with its own water and PG&E meter, supporting straightforward utility separation between residents.

    The property is located between Mission and Valencia Streets at 40–44 San Carlos Street in San Francisco, CA 94110 (94110). The lot totals 0.0459 acres, and the total property size is 2,825 square feet.

    For tenants seeking independent utility metering, the layout provides each unit with its own water and PG&E service. For buyers or operators, the duplex-plus-cottage arrangement can be attractive for managing multiple residential spaces under one ownership, with separate metering helping simplify ongoing expense allocation by unit.

    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 $144.1k $51.00
    − Vacancy −$8.6k −$3.05
    EGI $135.5k $47.95
    − OpEx −$40.6k −$14.39
    NOI $94.8k $33.57
    2,825 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.35M
    $1.19M – $1.58M (±1% cap)
    NOI $94,822 @ 7.0% cap · market cap 7.72%
    Second Best
    Apartment 5plus
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,352 @ 7.0% cap · market cap 7.11%
    Theoretical Best
    Specialty Retail
    $13.80M
    $12.07M – $16.10M (±1% cap)
    NOI $965,928 @ 7.0% cap · market cap 78.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    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
    -122.420341
    Latitude
    37.7621408

    FAQs

    What type of property is this?
    Triplex - Triplex-style residential income setup with separate water and PG&E metering for each unit.
    Where is this triplex located?
    The property is located at 40-44 San Carlos Street San Francisco, CA.
    What is the asking price?
    The asking price for this property is $1,229,000.
    What are key features of this property?
    This property features: Duplex in the front with a cottage in the back; Each unit has its own water and PG&E meter; Both buildings include a tall basement
    More about this property
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