Remodeled Four-Unit
For Sale
$1,598,000
519 Natoma Street, San Francisco, CA 94103
Residential Income, San Francisco, CA
Property Size3,030 SF
Lot Size0.04 Acres
Price / SF$527.39
Days on Market171
Property Features for 519 Natoma Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 4
Parking
3
Parking features
Garage
Patio and Porch features
Deck
Subdivision
SF District 9
Standard status
Active
APN
3726054
Size
3,030 SF
Lot size
0.04 Acres
Building Details
Year built
1907
Number of units
4
Listing Agency:
Ascend Real Estate
(415) 347-5669
Listed By:
Daniel J Risman-Jones
(415) 816-1429
Added: Apr 10
Changed: Sep 14
Last Checked: Sep 27 at 4:06AM
MLS# 426120387
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.
Investment Insights
Based on property information with market context.
Built in 1907, this 3,030-square-foot quadplex at 519 Natoma Street contains four one-bedroom residences. Each unit is tenant-occupied and has been remodeled with hardwood flooring, updated kitchens, and updated bathrooms. The property also includes a large garage providing parking for three cars, along with a deck.
The building is located in San Francisco’s SOMA district near the Financial District, Yerba Buena, and Civic Center. Caltrain, BART, and MUNI are nearby, while Interstate 280 and U.S. 101 provide freeway access. The parcel encompasses 0.043 acres.
The building is located in San Francisco’s SOMA district near the Financial District, Yerba Buena, and Civic Center. Caltrain, BART, and MUNI are nearby, while Interstate 280 and U.S. 101 provide freeway access. The parcel encompasses 0.043 acres.
Key Highlights
- Four one‑bedroom units, all currently tenant‑occupied
- 3,030 SF quadplex built in 1907
- Remodeled interiors 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
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied units feature updated kitchens, baths, and hardwood flooring.
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: Four one‑bedroom units, all currently tenant‑occupied; 3,030 SF quadplex built in 1907; Remodeled interiors with hardwood flooring and updated kitchens and baths
