FOR SALE: Renovated 4-Unit Multifamily | $1,950,000 | 7.33% Cap Rate Turn-key, fully occupied 4-unit income property in a prime, high-demand rental market. Generates $12,669/month or $152,028/year in gross income. Professionally managed (6% fee), with a Net Operating Income (NOI) of $142,906 and a strong 7.33% Cap Ratewell above area average. GRM is a competitive 12.82. All units have been recently upgraded with $100,000+ in renovations, including new kitchens, bathrooms, flooring, lighting, and major system updates, minimizing future capex. With a 20% down payment plus improvements ($490K cash in), the projected Cash-on-Cash Return is an impressive 29.16%, assuming modest leverage. Property offers off-street parking and tenant-friendly amenities. Ideal for both seasoned investors and first-time multifamily buyers. Stable income, low vacancy, upside in rents and appreciation. Perfect for 1031 exchange. Rare opportunity to acquire a modern, income-producing asset with minimal maintenance and excellent financials. Contact for full financials and private tour.
For sale
Price cut: $48.9K (5/29)
$1,950,000
108 Naglee Avenue, San Francisco, CA 94112
2beds
3,881sqft
Est.:
Quadruplex
Built in 1920
-- sqft lot
$-- Zestimate®
$502/sqft
$-- HOA
What's special
Tenant-friendly amenitiesNew kitchensMajor system updatesOff-street parking
- 67 days
- on Zillow |
- 257 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 10:04pm
Listed by:
Arash Khalatbari DRE #01830385 415-910-6852,
Extramile Property Management 800-666-2211
Source: BAREIS,MLS#: 425043067
Originating MLS: Marin County

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- None
Appliances
- Included: Varies By Unit, Free-Standing Refrigerator, Free-Standing Freezer, Free-Standing Electric Range
Features
- Flooring: Wood, Carpet
Interior area
- Total structure area: 3,881
- Total interior livable area: 3,881 sqft
Property
Lot
- Size: 2,800.91 Square Feet
- Features: None
Details
- Parcel number: 7065007
- Zoning: RH1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
Materials
- Wood, Frame
- Foundation: Concrete Perimeter
- Roof: Shingle,Flat
Condition
- Year built: 1920
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Water: Public
- Utilities for property: Internet Available, City
Community & HOA
HOA
- Has HOA: No
Location
- Region: San Francisco
Financial & listing details
- Price per square foot: $502/sqft
- Tax assessed value: $2,197,567
- Annual tax amount: $26,532
- Date on market: 5/29/2025
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