Period-Era Multifamily
For Sale
Contact for pricing
655 Hyde Street, San Francisco, CA 94109
Well-maintained 14-unit building with period details, RUBS, and in-building laundry near major neighborhood retail.
Property Size7,932 SF
Price / SF$364.98
Days on Market138
Property Features for 655 Hyde Street
General Information
Standard status
Active
Size
7,932 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$173,020
Site & Location
Neighborhood
The Post Up
Additional Details
Cap Rate
5.1%
Multifamily Units
14
Building Details
Year Built
1913
Units
14
Tenancy
Multi
Listing Agency:
Urban Capital of San Francisco
Listed By:
Cris Lamas · License #02034056
Source:
Crexi
Added: Jun 13
Changed: Oct 26
Last Checked: Oct 28 at 6:13AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,926
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,738,520
$4.7M
Cap Rate 7%
$3,384,657
$3.4M
Cap Rate 9%
$2,632,511
$2.6M
Market Conditions
NOI Build-Up for 7,932 SF
Gross rent
$459.7K $57.96/SF
− Vacancy
−$29.0K −$3.65/SF
EGI
$430.8K $54.31/SF
− OpEx
−$193.8K −$24.44/SF
NOI
$236.9K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,738,520
Cap Rate 7%
$3,384,657
Cap Rate 9%
$2,632,511
Alternative Uses
Best Use
Apartment 5plus
$3.38M
$2.96M – $3.95M
NOI $236,926 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$36.16M
$31.64M – $42.19M
NOI $2,531,311 @ 7.0% cap · market cap 87.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
15,029
Businesses Nearby
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Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $2,895,000.
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
