Two Multifamily Properties For
For Sale
$1,500,000
549 Holloway Avenue, San Francisco, CA 94112
Two properties with 16 units, significant rent upside potential.
Property Size3,500 SF
Price / SF$428.57
Days on Market324
Property Features for 549 Holloway Avenue
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multifamily
Building Details
Building Size
3,500 SF
Listed By:
Ryan Abel · License #CalDRE #01465094
(415) 370-1118
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 8
Last Checked: Oct 14 at 9:40PM
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 Ryan Abel
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Investment Insights
Based on property information with market context.
Two properties totaling 16 units are available for sale. One building contains 12 units and is located on Divisadero in the NOPA neighborhood. The other property contains 4 units and is located in Ingleside. The combined property size is 3,500 square feet. Both properties are currently under one Housing Assistance Payments (HAP) contract, and the seller prefers to sell both properties together. The HAP contract is set to expire at the end of September 2024. Upon the contract's expiration, there is a potential for significant rent increases, as all Section 8 rents can be adjusted to market rates.
Key Highlights
- Significant upside in rent after HAP contract expires.
- 16 units total across two properties.
- Both properties are under one HAP contract.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,704
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,080
$2.6M
Cap Rate 7%
$1,824,343
$1.8M
Cap Rate 9%
$1,418,933
$1.4M
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$247.8K $70.80/SF
− Vacancy
−$15.6K −$4.46/SF
EGI
$232.2K $66.34/SF
− OpEx
−$104.5K −$29.85/SF
NOI
$127.7K $36.49/SF
Area
ZIP 94112
Vacancy
6.30%
Lease Rate
$70.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,080
Cap Rate 7%
$1,824,343
Cap Rate 9%
$1,418,933
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.60M – $2.13M
NOI $127,704 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,974 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 94112, CA
79,314
Population
24,530
Households
3.2
Avg Household Size
42
Median Age
36%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
24,035
Density / Sq Mi
$130,906
Median Household Income
$55,744
Median Earnings
$2,326
Median Rent
$1,159,600
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
Frequently Asked Questions
What type of property is this?
Apartment building - Two properties with 16 units, significant rent upside potential.
Where is this apartment building located?
The property is located at 549 Holloway Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Significant upside in rent after HAP contract expires.; 16 units total across two properties.; Both properties are under one HAP contract.
