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12 Units | Multi Family | San Francisco

85 Henry Street

85 Henry Street

Duboce Triangle | 12 Units | Offered at $4,295,000

Investment Highlights

85 Henry Street is a 12-unit building in Duboce Triangle, one of the best rental pockets in San Francisco. This property has great curb appeal with a detailed and ornamental facade that gives it the character tenants desire when living in San Francisco. Inside, the units stand out. High ceilings and big windows mean bright, airy apartments, the kind of space renters compete for. Units like these stay in demand and earn top-of-market rents when they turn. A future owner could also have the potential to build a detached ADU, which would significantly add both income and value to the property. The building is in good shape and easy to run. A new roof went on in 2024, it has been seismically retrofit, and units are heated by gas furnaces or electric wall heaters. Most units also have their own water heater, either in-unit tanks or tankless, which keeps shared costs down and gives the building a very efficient expense ratio. Most of the in-place rents sit well below what these units would command today. As units turn over, rents move to market, rewarding a patient owner with steady income now and significant long term upside. This is an incredibly rare opportunity to own a property with majority renovated units, in one of the best locations of San Francisco, with significant room to grow.

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Inquire about this listing

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Kevin Caravelli

DRE 01988049

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Steve Caravelli

DRE 00879834

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