184-190 Valley St — Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94131

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184-190 Valley St — Sale in San Francisco, CA, photo 2 of 2

Investment Figures

Cap rate
5.31%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

184-190 Valley Street offers a rare opportunity to acquire a well-located seven-unit apartment building in one of San Francisco's most consistently strong rental markets, Noe Valley. The property features six spacious 1 bedroom, 1 bath units and one 2 bedroom, 1 bath unit — the latter a fully permitted, all-new-construction ADU — providing a versatile mix of floor plans that appeal to a wide range of tenants. This configuration supports stable occupancy and diversified income, while significant existing loss-to-lease across several units offers a clear path to increased cash flow for a new owner. The property has recently undergone a completed soft-story seismic retrofit, and its electrical infrastructure has been upgraded to modern circuit-breaker panels, reducing the deferred-maintenance burden typically associated with a building of this vintage. With most units currently lacking in-unit laundry, an investor also has a straightforward value-add opportunity to add washer/dryer service and capture additional income and tenant demand. Situated on a quiet residential block just steps from the vibrant 24th Street corridor, the property benefits from Noe Valley's exceptional demand fundamentals. The neighborhood carries a Walk Score of 97, with the J-Church line roughly a six-minute walk away and the 48 bus line running around the clock, giving residents quick access to Downtown, the Mission, and the broader Peninsula via 280 and 101. Residents enjoy proximity to the neighborhood's year-round farmers market, boutique shops, cafes, and restaurants, along with a sunnier, fog-shadow microclimate that reinforces long-term rental desirability. Noe Valley continues to stand out as one of San Francisco's most resilient and tightly held submarkets. A largely fixed housing stock with almost no new construction possible, combined with a stable, independently-owned commercial corridor along 24th Street, has helped the neighborhood hold value through softer cycles and attract a lo

Market Context

This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Francisco, CA — view the full market.

As of Q1 2026, the San Francisco multifamily market showed average asking rents near $2998.00/unit/mo, and rents up 5.8% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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