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Investment Highlights
- 2115 Hyde Street is a beautiful 11-unit multifamily asset with a mix of studio, one, two, and three-bedrooms units
- Value-add opportunity for an investor, owner/user, or TIC developer to take advantage of rapidly climbing rents or sell as individual units.
- Heavy foundation work, electrical, and fire alarm already completed
- Prime Russian Hill location, walkable to Union, Polk, and Hyde streets, home to nearby amenities and public transit via Muni and cable car service.
Executive Summary
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.
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.
Matterport 3D Tours
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Videos
Matterport 3D Exterior
Matterport 3D Tour
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Street View
Street
Map
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 8 | Building Size | 10,856 SF |
| Property Type | Multifamily | Average Occupancy | 20% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | RM-2 | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,856 SF |
| Average Occupancy | 20% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Fireplace
- Storage Space
- Bay Window
- Hardwood Floors
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | 400 |
| 2+1 | 2 | - | 931 |
| 2+2 | 2 | - | 1,333 - 1,484 |
| 3+1 | 1 | - | 1,830 - 1,835 |
| 3+3 | 1 | - | 1,275 |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0095-031 | Improvements Assessment | $2,736,107 (2025) |
| Land Assessment | $4,290,518 (2025) | Total Assessment | $7,026,975 (2025) |
Property Taxes
Parcel Number
0095-031
Land Assessment
$4,290,518 (2025)
Improvements Assessment
$2,736,107 (2025)
Total Assessment
$7,026,975 (2025)
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
Contact the Sale Advisor
2115-2129 Hyde St




