2115-2129 Hyde St - Apartments FOR SALE


San Francisco, CA 94109- Russian Hill | 
$8,195,000 USD
628-228-6524
2115-2129 Hyde St, San Francisco, CA for Sale
$8,195,000 USD
Apartments - FOR SALE
1/30
null | 7.71% Cap Rate

2115-2129 Hyde St
San Francisco, CA 94109
Russian Hill


HIGHLIGHTS

  • 2115 Hyde Street is a beautiful 11-unit multifamily asset with a mix of studio, one, two, and three-bedrooms units
  • Heavy foundation work, electrical, and fire alarm already completed
  • Value-add opportunity for an investor, owner/user, or TIC developer to take advantage of rapidly climbing rents or sell as individual units.
  • Prime Russian Hill location, walkable to Union, Polk, and Hyde streets, home to nearby amenities and public transit via Muni and cable car service.

OVERVIEW

Touring Tuesday September 22nd from 10am to 11am. Located in San Francisco’s coveted Russian Hill neighborhood, 2115 Hyde Street presents a compelling value-add multifamily investment with multiple avenues for upside. The mostly vacant eleven-unit property offers investors, multifamily operators, and TIC developers the rare opportunity to capitalize on rising rental rates, execute a lease-up strategy, or explore the sale of individual units. Extensive foundation, electrical, and fire alarm improvements have already been completed, reducing significant future capital expenditure. 2115-2129 Hyde Street features a diverse unit mix that includes studio, one-bedroom, two-bedroom, and three-bedroom residences, allowing ownership to appeal to a broad range of renters or TIC buyers. Several units offer attractive views and are designed with hardwood floors, bay windows, and ample storage space. The property's common amenities include a courtyard and on-site laundry, enhancing resident appeal. With substantial vacancy, extensive work, and multiple remodeled units, the property provides flexibility to further renovate, improve operations, and maximize rental income potential. Residents benefit from immediate access to the restaurants, cafés, boutiques, and neighborhood amenities along Union Street, Polk Street, and Hyde Street. In addition, exceptional public transit connectivity to the Muni and Powell-Hyde Cable Car, along with a highly walkable location, further enhances the property's appeal, supporting both resident convenience and long-term rental demand. The combination of a premier Russian Hill address, completed capital improvements, and significant value-add potential positions 2115 Hyde Street as a unique opportunity to unlock value in one of San Francisco’s most established and desirable residential markets.

FOR SALE DETAILS

PRICE

$8,195,000 USD

PRICE/SF

$755 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,024,375

CAP RATE

7.71%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM-2

APN/PARCEL ID

0095-031

ASK ABOUT THIS PROPERTY

Alex KolovyanskyVanguard PropertiesMore Info
628-228-6524

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Alex KolovyanskyVanguard PropertiesMore Info
628-228-6524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.