North Beach Multifamily
717-723 Union Street San Francisco, CA 94133
New
717-723 Union Street, San Francisco, CA, 94133
$4,900,000
For Sale
$4,900,000
Seven-unit multifamily on one parcel across two buildings, including a detached 4-bedroom carriage house.
Property Size7,682 SF
Price / SF$637.85
Days on Market6
Property Features for 717-723 Union Street
General Information
- Standard status
- Active
- Size
- 7,682 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
Anchor Realty
(415) 621-2700
Listed by
Mark A Campana
Source
Gregglynn
Added: Jul 17 Updated: Jul 21 at 2:52AM Checked: Jul 21 at 2:52AM
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 Anchor Realty
Investment Insights
Based on property information with market context.
This well-maintained seven-unit multifamily property is arranged across two buildings on a single parcel, totaling approximately 7,682 square feet. The unit mix includes four 2-bedroom, 1-bath apartments and two 3-bedroom, 1-bath apartments, plus a detached two-story 4-bedroom, 2-bath carriage house. Several units have updated interiors, with renovated kitchens and remodeled bathrooms.
The property is located directly across from Washington Square Park in the heart of North Beach. With a Walk Score of 99, it offers close proximity to restaurants, cafes, shops, nightlife, Downtown San Francisco, and the waterfront.
The combination of residential unit variety and on-site carriage house configuration provides a practical layout for rental housing within a central, walkable neighborhood setting.
The property is located directly across from Washington Square Park in the heart of North Beach. With a Walk Score of 99, it offers close proximity to restaurants, cafes, shops, nightlife, Downtown San Francisco, and the waterfront.
The combination of residential unit variety and on-site carriage house configuration provides a practical layout for rental housing within a central, walkable neighborhood setting.
Key Highlights
- Seven‑unit multifamily across two buildings on one parcel, totaling approx. 7,682 SF
- Unit mix: four 2BD/1BA, two 3BD/1BA, plus a detached two‑story 4BD/2BA carriage house
- Several units feature renovated kitchens and remodeled bathrooms
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 | $484.0k | $63.00 |
| − Vacancy | −$30.5k | −$3.97 |
| EGI | $453.5k | $59.03 |
| − OpEx | −$204.1k | −$26.56 |
| NOI | $249.4k | $32.47 |
7,682 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.56M
$3.12M – $4.16M
NOI $249,412 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$37.52M
$32.83M – $43.78M
NOI $2,626,639 @ 7.0% cap · market cap 53.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily on one parcel across two buildings, including a detached 4-bedroom carriage house.
Where is this apartment building located?
The property is located at 717-723 Union Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Seven‑unit multifamily across two buildings on one parcel, totaling approx. 7,682 SF; Unit mix: four 2BD/1BA, two 3BD/1BA, plus a detached two‑story 4BD/2BA carriage house; Several units feature renovated kitchens and remodeled bathrooms
