14-Unit Apartment
New
For Sale
$3,100,000
611 Minna Street, San Francisco, CA 94103
Coin-operated laundry serves each level, complemented by select window updates and a newer roof.
Property Size4,740 SF
Days on Market6
Property Features for 611 Minna Street
General Information
Standard status
Active
Size
4,740 SF
Property subtype
Multi Family
Building Details
Building Size
4,740 SF
Year Built
1907
Listing Agency:
Compass
(212) 913-9058
Listed By:
Burton Louie · License #01231888
Source:
Swanngroupsf
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 23 at 8:47AM
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 Compass
Investment Insights
Based on property information with market context.
This 14-unit apartment property was built in 1907 and includes five junior one-bedroom residences alongside nine studio units. Property improvements include a newer roof, updated windows in select apartments, and coin-operated laundry facilities located on every level.
The building is located at 611 Minna Street in San Francisco’s South of Market neighborhood, near downtown, Yerba Buena Gardens, public transportation, technology employers, restaurants, shopping, and entertainment. The unit mix and on-site laundry setup are established features of the property.
The building is located at 611 Minna Street in San Francisco’s South of Market neighborhood, near downtown, Yerba Buena Gardens, public transportation, technology employers, restaurants, shopping, and entertainment. The unit mix and on-site laundry setup are established features of the property.
Key Highlights
- 14 units comprising five junior one‑bedroom apartments and nine studios
- Coin‑operated laundry facilities installed on each level
- Newer roof
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
$153,894
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
4.96%
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%
$3,077,880
$3.1M
Cap Rate 7%
$2,198,486
$2.2M
Cap Rate 9%
$1,709,933
$1.7M
Market Conditions
NOI Build-Up for 4,740 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
$298.6K $63.00/SF
− Vacancy
−$18.8K −$3.97/SF
EGI
$279.8K $59.03/SF
− OpEx
−$125.9K −$26.56/SF
NOI
$153.9K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
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%
$3,077,880
Cap Rate 7%
$2,198,486
Cap Rate 9%
$1,709,933
Alternative Uses
Best Use
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,894 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.15M
$20.26M – $27.01M
NOI $1,620,707 @ 7.0% cap · market cap 52.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16,256
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Coin-operated laundry serves each level, complemented by select window updates and a newer roof.
Where is this apartment building located?
The property is located at 611 Minna Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 14 units comprising five junior one‑bedroom apartments and nine studios; Coin‑operated laundry facilities installed on each level; Newer roof
