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1538 Thomas Ave 2 Unit Apartment Building $899,000 ($449,500/Unit) San Francisco, CA 94124

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INVESTMENT HIGHLIGHTS

  • Remodeled duplex offering move-in ready living plus reliable rental income.
  • Updated two-unit property with curb appeal, income potential, and convenience.
  • Live in one unit, rent the other—smart investing meets comfortable living.

EXECUTIVE SUMMARY

Discover a newly remodeled 2 unit investment opportunity with immediate owner occupancy and dependable income perfect for both savvy investors and buyers seeking a home with income potential. This three level duplex offers two distinct 3 bedroom 1 bath units with high ceilings. The newly remodeled second floor unit is VACANT and move-in ready, featuring refinished floors, fresh interior paint, newly painted cabinets with granite counters, updated hardware including lighting, locks and door knobs. The property also boasts new modern exterior paint, enhancing curb appeal. The top floor unit, also a 3 bedroom 1 bath, is currently rented to a reliable single Section 8 tenant for $3000 a month with rent increase pending with HUD, providing stable and consistent rental income. Additional highlights include a VACANT large garage with potential driveway parking, storage, laundry area, and a spacious level yard, a rare combination of comfort and convenience. This is your chance to own a property for close to the cost of renting. Do not miss!

PROPERTY FACTS Under Contract

Price $899,000
Price Per Unit $449,500
Sale Type Investment
Gross Rent Multiplier 11
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 1,900 SF
No. Stories 3
Year Built 1907
Zoning RH1

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 2 - -
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37591655

  • Date on Market: 9/8/2025

  • Last Updated:

  • Address: 1538 Thomas Ave, San Francisco, CA 94124

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