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Four-Unit Apartment Building

508-512 Sanchez Street San Francisco, CA 94114

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Four-unit residential income property with a studio-to-three-bedroom unit mix and outdoor space in Castro/Eureka Valley.

Type:Multifamily
Property size:
3,201 SF
Price / SF:
$593.56/SF
Added:
Jun 9, 2026
Days on Market:
36
Last Refresh:
Jun 20 at 9:32 am

Property Features for 508-512 Sanchez Street

General Information

Standard status
Active
Size
3,201 SF
Property subtype
Multifamily

Building Details

Year Built
1900

Listing office Colliers - San Francisco, California

Listing date Jun 9, 2026

Source Crexi

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 Colliers - San Francisco, California


Investment Insights

Based on property information with market context.

508-512 Sanchez Street is a pride-of-ownership four-unit apartment building offering a diverse residential unit mix ranging from studio through three-bedroom layouts. The property is described as having long-term family ownership with decades of proactive maintenance and thoughtful capital improvements. The building also features attractive outdoor space, and the remarks indicate extensive system upgrades intended to support ongoing operations with reduced near-term capital expenditure requirements.

Located in San Francisco’s Castro/Eureka Valley area, the property is presented as being just moments from the Castro, Noe Valley, and Valencia Street retail corridors. The surrounding area is characterized as highly walkable, with convenient access to public transportation and major commuter routes, plus nearby grocery stores, restaurants, neighborhood cafes, shopping, and local boutiques.

For buyers or operators seeking a small, manageable multifamily asset, the range of unit sizes—from studios to three-bedroom residences—can appeal to individuals, couples, roommates, and families. The remarks also cite historically low tenant turnover, strong occupancy, and extensive system upgrades, which may support steadier day-to-day operations for an income-focused ownership strategy.

Key Highlights

  • Four‑unit residential income property with a studio‑to‑three‑bedroom unit mix
  • Year built: 1900
  • Attractive outdoor space

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 $172.9k $54.00
− Vacancy −$10.3k −$3.23
EGI $162.5k $50.77
− OpEx −$48.8k −$15.23
NOI $113.8k $35.54
3,201 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.63M
$1.42M – $1.90M (±1% cap)
NOI $113,762 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M (±1% cap)
NOI $103,927 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$15.64M
$13.68M – $18.24M (±1% cap)
NOI $1,094,490 @ 7.0% cap · market cap 57.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Nursing Home Carpet & Flooring Store Auto Parts Store (Bike/Boat/Book/etc) Store Nursing Home HVAC Service Tanning Salon Grocery & Convenience Store Butcher

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

FAQs

What type of property is this?
Quadplex - Four-unit residential income property with a studio-to-three-bedroom unit mix and outdoor space in Castro/Eureka Valley.
Where is this quadplex located?
The property is located at 508-512 Sanchez Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four‑unit residential income property with a studio‑to‑three‑bedroom unit mix; Year built: 1900; Attractive outdoor space
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