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Triplex with Shared Backyard
New
For Sale
$1,750,000

522 22nd AVE, San Francisco, CA 94121

The unit mix combines two three-bedroom homes with a separate one-bedroom ground-floor apartment.

Property Size3,170 SF
Price / SF$552.05
Days on Market4

Property Features for 522 22nd AVE

General Information

Standard status Active
Size 3,170 SF
Total Parking Spaces 3
Property subtype Duplex

Units

Unit Mix 2 x 3BR/2.5BA, 1 x 1BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $20,806

Amenities

updated kitchens
recessed lighting
hardwood floors
dedicated laundry rooms
laminate flooring
side stairway
backyard

Building Details

Building Size 3,170 SF
Year Built 1921
Listing Agency: Green Banker Realty
Listed By: Stanley Lo · License #00874415
Source: Mpireluxe
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 4 at 2:19PM

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 Green Banker Realty

Investment Insights

Based on property information with market context.

This 1921 triplex contains two three-bedroom, two-and-a-half-bath residences and a one-bedroom apartment on the ground floor. Updated kitchens and recessed lighting are found throughout. The upper homes have hardwood flooring and dedicated laundry rooms; the lower apartment has laminate floors. A side stairway from each residence leads to the shared backyard, and a three-car garage serves the property.

Golden Gate Park is three blocks south. Shops and restaurants in Little Russia and along Geary Boulevard are a block away, with Ocean Beach and the Presidio also identified as nearby destinations.

Key Highlights

  • Three residences: two three‑bedroom, two‑and‑a‑half‑bath homes and one one‑bedroom apartment
  • Three‑car garage
  • Shared backyard with side‑stair access from each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$112,660
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,200 $2.3M
Cap Rate 7%
$1,609,429 $1.6M
Cap Rate 9%
$1,251,778 $1.3M
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$171.2K $54.00/SF
− Vacancy
−$10.2K −$3.23/SF
EGI
$160.9K $50.77/SF
− OpEx
−$48.3K −$15.23/SF
NOI
$112.7K $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 Rate 5%
$2,253,200
Cap Rate 7%
$1,609,429
Cap Rate 9%
$1,251,778

Alternative Uses

Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M (±1% cap)
NOI $112,660 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M (±1% cap)
NOI $102,921 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$15.48M
$13.55M – $18.06M (±1% cap)
NOI $1,083,890 @ 7.0% cap · market cap 61.94%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Barber Shop Building Supply Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,959
Businesses Nearby

Demographics for 94121, CA

43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - The unit mix combines two three-bedroom homes with a separate one-bedroom ground-floor apartment.
Where is this triplex located?
The property is located at 522 22nd AVE San Francisco, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three residences: two three‑bedroom, two‑and‑a‑half‑bath homes and one one‑bedroom apartment; Three‑car garage; Shared backyard with side‑stair access from each residence
More about this property
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