253 5th Ave 3 Unit Apartment Building $2,300,000 ($766,667/Unit) 4.29% Cap Rate San Francisco, CA 94118

Nestled in the heart of San Francisco’s coveted Richmond District, 253-255 5th Avenue presents a rare opportunity to acquire a classic three-level triplex combining timeless architectural character with modern upgrades. This detached property, surrounded on three sides and featuring a generous backyard, offers exceptional flexibility for investors or owner-users seeking strong upside potential.
The building comprises three spacious flats: a top-floor 3-bedroom unit currently occupied, and two remodeled 2-bedroom units with office nooks—both vacant and ready for immediate leasing. Each unit boasts period details such as crown molding, built-in shelving, and hardwood floors, complemented by contemporary improvements including a complete electrical upgrade, new roof, all-new siding, and a reinforced rear retaining wall. Washer and dryer hookups in the remodeled units add convenience for future tenants.
Positioned between Clement Street and Golden Gate Park, the property benefits from a vibrant neighborhood atmosphere, renowned dining options, and seamless access to public transportation, retail, and everyday amenities. With a scheduled gross income of $162,264 and market rent projections reaching $234,000 annually, this asset offers compelling income growth potential. At a competitive price of $2,300,000 and a cap rate of 4.29%, investors can capitalize on San Francisco’s enduring demand for quality housing in prime locations.
This triplex is more than a property—it’s a strategic investment in one of the city’s most desirable residential corridors.