Remodeled 4-Unit Multifamily
For Sale
$1,598,000
519 Natoma Street, San Francisco, CA 94103
A well-maintained fourplex with remodeled one-bedroom units, tenant occupancy, and a large three-car garage.
Property Size3,030 SF
Price / SF$527.39
Days on Market144
Property Features for 519 Natoma Street
General Information
Standard status
Active
Size
3,030 SF
Total Parking Spaces
3
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
3,030 SF
Year Built
1907
Tenancy
Multi
Listing Agency:
Ascend Real Estate
(415) 816-1429
Listed By:
Daniel J Risman-Jones
Source:
Cityrealestatesf
Added: Apr 10
Changed: Aug 22
Last Checked: Aug 30 at 11:37PM
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 Ascend Real Estate
Investment Insights
Based on property information with market context.
519 Natoma Street is a well-maintained four-unit multifamily building offering four large one-bedroom units. All units are currently tenant-occupied and have been remodeled, with hardwood flooring and updated kitchens and baths.
The property is located in SOMA and is within a short distance of San Francisco’s Financial District, Yerba Buena, and Civic Center neighborhoods. It is also close to Caltrain, BART, and MUNI, with easy freeway access to 280 and 101.
The building includes a large garage suitable for three-car parking, supporting convenient on-site storage and vehicle access for residents.
The property is located in SOMA and is within a short distance of San Francisco’s Financial District, Yerba Buena, and Civic Center neighborhoods. It is also close to Caltrain, BART, and MUNI, with easy freeway access to 280 and 101.
The building includes a large garage suitable for three-car parking, supporting convenient on-site storage and vehicle access for residents.
Key Highlights
- 1907‑built, well‑maintained 4‑unit building with four large one‑bedroom units
- All four units are tenant‑occupied
- Remodeled units with hardwood flooring and updated kitchens and baths
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
$107,685
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
6.74%
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%
$2,153,700
$2.2M
Cap Rate 7%
$1,538,357
$1.5M
Cap Rate 9%
$1,196,500
$1.2M
Market Conditions
NOI Build-Up for 3,030 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
$163.6K $54.00/SF
− Vacancy
−$9.8K −$3.23/SF
EGI
$153.8K $50.77/SF
− OpEx
−$46.2K −$15.23/SF
NOI
$107.7K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,153,700
Cap Rate 7%
$1,538,357
Cap Rate 9%
$1,196,500
Alternative Uses
Best Use
Multifamily LT 5
$1.54M
$1.35M – $1.79M
NOI $107,685 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,375 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$14.80M
$12.95M – $17.27M
NOI $1,036,021 @ 7.0% cap · market cap 64.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - A well-maintained fourplex with remodeled one-bedroom units, tenant occupancy, and a large three-car garage.
Where is this quadplex located?
The property is located at 519 Natoma Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: 1907‑built, well‑maintained 4‑unit building with four large one‑bedroom units; All four units are tenant‑occupied; Remodeled units with hardwood flooring and updated kitchens and baths
