Period-Era Multifamily
655 Hyde Street San Francisco, CA 94109
655 Hyde Street, San Francisco, CA, 94109
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For Sale
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Well-maintained 14-unit building with period details, RUBS, and in-building laundry near major neighborhood retail.
Property Size7,932 SF
Price / SF$422.34
Days on Market35
Property Features for 655 Hyde Street
General Information
- Standard status
- Active
- Size
- 7,932 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1913
Listing Agency
Urban Capital of San Francisco
Listed by
Cris Lamas · License #02034056
Source
Crexi
Added: Jun 13 Checked: Jul 17 at 6:15 am
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 Urban Capital of San Francisco
Investment Insights
Based on property information with market context.
655 Hyde Street is a 14-unit multifamily property presented in well-maintained condition. The building features an elegant arched entry, ornate cornice work, and other period detailing. The current mix is efficiently configured with all-studio and one-bedroom apartments, and the property has rent paid through RUBS (resident utility billing system) in place. On-site laundry is also provided for residents.
Located in Nob Hill, the building benefits from a reported 98 Walk Score, placing residents near Whole Foods, Trader Joe’s, and a range of neighborhood dining and retail. The asset is currently 100% occupied.
For buyers seeking an income-oriented residential asset, 655 Hyde offers in-place performance on the current rent roll, with underwriting referenced at a 5.1% cap rate and a 10.69 GRM on in-place income. Additional details provided include a 35%+ rent roll upside figure tied to turnover-driven improvements, along with noted low repositioning risk. This combination of occupancy, unit mix, and operational setup—including RUBS and on-site laundry—supports a practical, hands-on approach to managing a small multifamily building in San Francisco.
Located in Nob Hill, the building benefits from a reported 98 Walk Score, placing residents near Whole Foods, Trader Joe’s, and a range of neighborhood dining and retail. The asset is currently 100% occupied.
For buyers seeking an income-oriented residential asset, 655 Hyde offers in-place performance on the current rent roll, with underwriting referenced at a 5.1% cap rate and a 10.69 GRM on in-place income. Additional details provided include a 35%+ rent roll upside figure tied to turnover-driven improvements, along with noted low repositioning risk. This combination of occupancy, unit mix, and operational setup—including RUBS and on-site laundry—supports a practical, hands-on approach to managing a small multifamily building in San Francisco.
Key Highlights
- 14‑unit multifamily building built in 1913 in Nob Hill
- 100% occupied with in‑place performance of 5.1% cap rate and 10.69 GRM on in‑place income
- Efficient all‑studio and one‑bedroom unit mix
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 | $459.7k | $57.96 |
| − Vacancy | −$29.0k | −$3.65 |
| EGI | $430.8k | $54.31 |
| − OpEx | −$193.8k | −$24.44 |
| NOI | $236.9k | $29.87 |
7,932 SF · lease $57.96/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.38M
$2.96M – $3.95M
NOI $236,926 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$36.16M
$31.64M – $42.19M
NOI $2,531,311 @ 7.0% cap · market cap 75.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Www.TheShoeShine.com
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Abby Sherman Photography
Photography Service
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FAQs
What type of property is this?
Apartment building - Well-maintained 14-unit building with period details, RUBS, and in-building laundry near major neighborhood retail.
Where is this apartment building located?
The property is located at 655 Hyde Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 14‑unit multifamily building built in 1913 in Nob Hill; 100% occupied with in‑place performance of 5.1% cap rate and 10.69 GRM on in‑place income; Efficient all‑studio and one‑bedroom unit mix
