Two-Unit Duplex Income
438-440 Lily Street San Francisco, CA 94102
438-440 Lily Street, San Francisco, CA, 94102
Contact for pricing
For Sale
Contact for pricing
Pending
Duplex with a 1BD and a 2BD unit, both with period character and established long-term tenants.
Property Size1,560 SF
Days on Market48
Property Features for 438-440 Lily Street
General Information
- Standard status
- Pending
- Size
- 1,560 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing agency
Urban Group Real Estate Inc
(415) 863-1775
Listed by
Louis Cornejo · License #CA 01518102
Source
Crexi
Added: Jun 5 Updated: Jul 10 at 1:58PM Checked: Jul 21 at 1:09PM
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 Urban Group Real Estate Inc
Investment Insights
Based on property information with market context.
This duplex features two residential units: a 1BD/1BA and a 2BD/1BA configuration, for approximately 1,560 square feet total. Both units are described as having spacious layouts, high ceilings, and classic period details. The building is fully occupied with long-term tenants in place.
The property is located on a quiet, tree-lined street in the Lower Haight neighborhood. Public transportation, dining, and retail are noted nearby, along with access to major employment centers and Hayes Valley.
For buyers seeking an owner-occupied or investment-ready income property, the current tenancy status is a practical factor, with both units reported as protected long term. Leases are noted as being with the SF Mayor's Office, and the current rents are described as below market. Disclosures are coming soon, and interested parties are instructed to send an email only to receive materials.
The property is located on a quiet, tree-lined street in the Lower Haight neighborhood. Public transportation, dining, and retail are noted nearby, along with access to major employment centers and Hayes Valley.
For buyers seeking an owner-occupied or investment-ready income property, the current tenancy status is a practical factor, with both units reported as protected long term. Leases are noted as being with the SF Mayor's Office, and the current rents are described as below market. Disclosures are coming soon, and interested parties are instructed to send an email only to receive materials.
Key Highlights
- Duplex built in 1900 with one 1BD/1BA unit and one 2BD/1BA unit
- Approx. 1,560 SF total with spacious layouts, high ceilings, and classic period details
- Fully occupied with long‑term, protected tenants
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 | $84.2k | $54.00 |
| − Vacancy | −$5.0k | −$3.23 |
| EGI | $79.2k | $50.77 |
| − OpEx | −$23.8k | −$15.23 |
| NOI | $55.4k | $35.54 |
1,560 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$792.0K
$693.0K – $924.0K
NOI $55,442 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$723.6K
$633.1K – $844.2K
NOI $50,649 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$7.62M
$6.67M – $8.89M
NOI $533,397 @ 7.0% cap · market cap 82.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with a 1BD and a 2BD unit, both with period character and established long-term tenants.
Where is this duplex located?
The property is located at 438-440 Lily Street San Francisco, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex built in 1900 with one 1BD/1BA unit and one 2BD/1BA unit; Approx. 1,560 SF total with spacious layouts, high ceilings, and classic period details; Fully occupied with long‑term, protected tenants
