12-Unit Apartment
For Sale
$2,695,000
437 Hyde Street, San Francisco, CA 94109
Each studio has a private kitchen and bathroom, with gas and electric service metered separately.
Property Size5,998 SF
Lot Size0.05 Acres
Price / SF$449.32
Days on Market21
Property Features for 437 Hyde Street
General Information
Standard status
Active
Size
5,998 SF
Lot size
0.05 Acres
Property subtype
Multi Family Home
Zoning
RC4
Site & Location
Neighborhood
Tenderloin
Public Transit
Yes
Units
Unit Mix
12 x studio
Multifamily Units
12
Individually Metered Utilities
gas, electric
Additional Details
Cap Rate
5.2%
Tenant in Place
Yes
Building Details
Building Size
5,998 SF
Year Built
1922
Buildings
1
Stories
4
Listing Agency:
KW Advisors
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Source:
Gezarealty
Added: Oct 8
Changed: Oct 25
Last Checked: Oct 26 at 4:00AM
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 KW Advisors
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Investment Insights
Based on property information with market context.
At 437 Hyde Street, this four-story apartment property contains 12 studio units within 5,998 square feet on a 1,980-square-foot lot. Completed in 1922, the building has seen finish updates in approximately 80% of its apartments. Each studio includes a kitchen and bathroom, and gas and electric service are separately metered. Current and pro forma cap rates are 5.20% and 6.59%, respectively; market rents are about 40% above in-place rents.
The property is in San Francisco’s Tenderloin, one block from Polk Street retail and dining. Union Square, Civic Center and Van Ness are within walking distance, with BART and Muni nearby.
The property is in San Francisco’s Tenderloin, one block from Polk Street retail and dining. Union Square, Civic Center and Van Ness are within walking distance, with BART and Muni nearby.
Key Highlights
- 12 studio apartments in a four‑story building
- 5,998 SF building on a 1,980 SF lot; built in 1922
- Approximately 80% of apartments have updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,158
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,583,160
$3.6M
Cap Rate 7%
$2,559,400
$2.6M
Cap Rate 9%
$1,990,644
$2.0M
Market Conditions
NOI Build-Up for 5,998 SF
Gross rent
$347.6K $57.96/SF
− Vacancy
−$21.9K −$3.65/SF
EGI
$325.7K $54.31/SF
− OpEx
−$146.6K −$24.44/SF
NOI
$179.2K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,583,160
Cap Rate 7%
$2,559,400
Cap Rate 9%
$1,990,644
Alternative Uses
Best Use
Apartment 5plus
$2.56M
$2.24M – $2.99M
NOI $179,158 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$27.34M
$23.93M – $31.90M
NOI $1,914,121 @ 7.0% cap · market cap 71.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
16,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each studio has a private kitchen and bathroom, with gas and electric service metered separately.
Where is this apartment building located?
The property is located at 437 Hyde Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 12 studio apartments in a four‑story building; 5,998 SF building on a 1,980 SF lot; built in 1922; Approximately 80% of apartments have updated finishes
