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Two Multifamily Properties For Sale

549 Holloway Avenue San Francisco, CA 94112

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For Sale
$1,500,000

Two properties with 16 units, significant rent upside potential.

Type:Multifamily
Property size:
3,500 SF
Price / SF:
$428/SF
Added:
Nov 26, 2025
Days on Market:
229
Last Refresh:
May 9 at 1:07 am

Property Features for 549 Holloway Avenue

General Information

Standard status
Active
Size
3,500 SF
Property subtype
Multifamily

Listing office

Listing date Nov 26, 2025

Source Lee-associates

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


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.

Local Financial Insights For Apartment 5plus

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 $247.8k $70.80
− Vacancy −$15.6k −$4.46
EGI $232.2k $66.34
− OpEx −$104.5k −$29.85
NOI $127.7k $36.49
3,500 SF · lease $70.80/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.82M
$1.60M – $2.13M (±1% cap)
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 (±1% cap)
NOI $140,974 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Skin Care Clinic Spa & Massage Center Restaurant Grocery & Convenience Store Food Market Big Box & Wholesale Store Hotel & Motel Pharmacy

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

FAQs

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.
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