Two Multifamily Properties For
549 Holloway Avenue, San Francisco, CA 94112
Two properties with 16 units, significant rent upside potential.
Type:Multifamily
Property size:
3,500 SFPrice / SF:
$428/SF- Added:
- Nov 26, 2025
- Days on Market:
- 188
- Last Refresh:
- May 9 at 1:07 am
Property Features for 549 Holloway Avenue
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multifamily
Listing agent Ryan Abel License #CalDRE #01465094 (415) 370-1118
Listing office (415) 370-1118
Listing date Nov 26, 2025
Source Lee-associates
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 Ryan Abel
HighLights
- Significant upside in rent after HAP contract expires.
- 16 units total across two properties.
- Both properties are under one HAP contract.
- 12‑unit building located in NOPA (Divisadero).
- 4 units located in Ingleside.
- HAP contract expires at the end of September 2024.
Overview
Two properties totaling 16 units are available for sale. One building contains 12 units and is located on Divisadero in the NOPA neighborhood. The other property contains 4 units and is located in Ingleside. The combined property size is 3,500 square feet. Both properties are currently under one Housing Assistance Payments (HAP) contract, and the seller prefers to sell both properties together. The HAP contract is set to expire at the end of September 2024. Upon the contract's expiration, there is a potential for significant rent increases, as all Section 8 rents can be adjusted to market rates.
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 | $247.8k | $70.80 |
| − Vacancy | −$15.6k | −$4.46 |
| EGI | $232.2k | $66.34 |
| − OpEx | −$104.5k | −$29.85 |
| NOI | $127.7k | $36.49 |
3,500 SF · lease $70.80/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.60M – $2.13M
NOI $127,704 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,974 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.459
- Latitude
- 37.7216
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two properties with 16 units, significant rent upside potential.
Where is this apartment building located?
The property is located at 549 Holloway Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Significant upside in rent after HAP contract expires.; 16 units total across two properties.; Both properties are under one HAP contract.
