Six-Story Mixed-Use Apartment
For Sale
$9,995,000
9th, San Francisco, CA 94103
ResidentialIncome, SanFrancisco, CA
Property Size22,670 SF
Lot Size0.12 Acres
Price / SF$440.89
Days on Market16
Property Features for 9th
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C3G
Elementary school
SanFranciscoUnified
High school
SanFranciscoUnified
Elementary school district
SanFranciscoUnified
High school district
SanFranciscoUnified
Subdivision
SouthofMarket
Standard status
Active
APN
3701-023
Size
22,670 SF
Lot size
0.12 Acres
Amenities
on-site laundry
full basement
central boiler
building-wide video surveillance
Building Details
Year built
1912
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 21 at 2:06PM
MLS# ML82063776
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This six-story mixed-use building contains 54 apartments and two commercial storefronts at street level. The residential mix comprises 44 studios and 10 one-bedroom, one-bath units across approximately 22,670 square feet on a 5,025-square-foot lot. Built in 1912, the property underwent renovations in 2012 and 2024; many apartments have hardwood flooring, quartz counters, and tile backsplashes. Building features include on-site laundry, a full basement, a central boiler, and video surveillance throughout.
Located in San Francisco’s SoMa/Mid-Market area between Market and Mission streets, the property is one block from Market Street and approximately 0.2 miles from Civic Center BART and Muni. City Hall, Union Square, Mid-Market employers, and freeway access are also nearby. The zoning designation is C3G. Current and pro forma cap rates are 5.59% and 6.56%, respectively, and market residential rents are approximately 26% above in-place rents.
Located in San Francisco’s SoMa/Mid-Market area between Market and Mission streets, the property is one block from Market Street and approximately 0.2 miles from Civic Center BART and Muni. City Hall, Union Square, Mid-Market employers, and freeway access are also nearby. The zoning designation is C3G. Current and pro forma cap rates are 5.59% and 6.56%, respectively, and market residential rents are approximately 26% above in-place rents.
Key Highlights
- 54 apartments: 44 studios and 10 one‑bedroom, one‑bath units
- Two commercial storefronts at ground level
- Approximately 22,670 SF building on a 5,025 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$736,028
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,720,560
$14.7M
Cap Rate 7%
$10,514,686
$10.5M
Cap Rate 9%
$8,178,089
$8.2M
Market Conditions
NOI Build-Up for 22,670 SF
Gross rent
$1.43M $63.00/SF
− Vacancy
−$90.0K −$3.97/SF
EGI
$1.34M $59.03/SF
− OpEx
−$602.2K −$26.56/SF
NOI
$736.0K $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 Rate 5%
$14,720,560
Cap Rate 7%
$10,514,686
Cap Rate 9%
$8,178,089
Alternative Uses
Best Use
Retail
$103.35M
$90.43M – $120.58M
NOI $7,234,598 @ 7.0% cap · market cap 72.38%
Second Best
Apartment 5plus
$10.51M
$9.20M – $12.27M
NOI $736,028 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$110.73M
$96.89M – $129.19M
NOI $7,751,355 @ 7.0% cap · market cap 77.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
54
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13,410
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 54-unit property includes two ground-floor commercial storefronts.
Where is this mixed-use property located?
The property is located at 9th San Francisco, CA.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: 54 apartments: 44 studios and 10 one‑bedroom, one‑bath units; Two commercial storefronts at ground level; Approximately 22,670 SF building on a 5,025 SF lot
