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655 Hyde St
San Francisco, CA 94109
Multifamily Property For Sale · 14 Units

Investment Highlights

  • 14-unit multifamily property located in the sought-after Nob Hill corridor.
  • 100% occupied with steady in-place income, offering an immediate revenue stream.
  • Features RUBS program and newly constructed on-site laundry facility for supplemental income.
  • Unit mix includes eight studios and six one-bedroom apartments, appealing to mobile professionals.
  • Existing rents approximately 35% below market create strong upside potential.
  • Exceptional Walk Score of 98, steps from Whole Foods, Trader Joe’s, and major employers.

Executive Summary

655 Hyde Street presents an outstanding investment opportunity in the heart of San Francisco’s historic Nob Hill neighborhood. This 14-unit multifamily property combines architectural character with a rare first-time offering, making it an attractive asset for both seasoned and first-time investors. The building’s studio and one-bedroom layouts suit today’s urban lifestyle, driving consistent occupancy and providing a diversified tenant base.
With a coveted Walk Score of 98, the property is in close proximity to major amenities including Whole Foods, Trader Joe’s, and an array of dining and banking services. Its location within a dense employment hub ensures strong rental demand from professionals seeking premium urban living. Currently stabilized with in-place income, the building offers significant income growth potential with existing rents positioned approximately 35% below market.
Ownership benefits from an in-place RUBS system, generating incremental revenue, along with recently added on-site laundry facilities. Nearby transit, employment centers, and retail options enhance long-term desirability, while San Francisco’s ongoing revitalization underscores the property’s upside for value-add strategies and appreciation.

Property Facts

Price Per Unit $239,286
Sale Type Investment
Cap Rate 5.10%
Gross Rent Multiplier 10.69
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.05 AC
Building Size 7,932 SF
No. Stories 3
Year Built 1913
Zoning RC-4

Amenities

Unit Amenities

  • Microwave
  • Heating
  • Bay Window
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Built-In Bookshelves

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Private Bathroom
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - 379
1+1 6 - 539

Property Taxes

Property Taxes

Parcel Number
0302-002
Land Assessment
$1,736,308
Improvements Assessment
$1,157,536
Total Assessment
$2,894,581
  • Listing ID: 40924706

  • Date on Market: 6/15/2026

  • Last Updated:

  • Address: 655 Hyde St, San Francisco, CA 94109

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