1601-1603 Revere Avenue, San Francisco, CA 94124, San Francisco, 94124 - 6 bed, 0 bath
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San Francisco, CA 94124
This Residential Income Duplex plus legal ADU represents a High-Potential Investment Opportunity with a List Price of $925,000, reflecting a stable entry point at its $925,000 Fair Market Value. Delivering an exceptional 7.62% cap rate, the property features three 2-bedroom units positioned for immediate cash flow near the T Third Street light rail. While the Condition Rating of 4 indicates a need for interior modernization and system updates, the high-density configuration and proximity to waterfront parks offer significant long-term appreciation. This high-yield asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a powerful house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1601-1603 Revere Avenue Subject | $925,000* List Price | 6 | 0 | 2,387 | $388 | - |
A 1738-1740 Oakdale Avenue Sold | $1,055,000 | 5 | 3 | 2,321 | $455 | 0.3 mi |
B 1661 Palou Avenue Sold | $1,050,000 | 0 | 0 | 2,187 | $480 | 0.2 mi |
C 1789 Mckinnon Avenue Sold | $1,160,100 | 7 | 2 | 3,200 | $363 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1907 build that shows significant signs of age and deferred exterior maintenance, including stained and weathered siding. While the listing highlights a permitted ADU and functional income-generating units, the lack of interior images of the kitchens and bathrooms, combined with the property's age and multiple price reductions, suggests the interior components and major systems are likely outdated and in need of modernization to meet current market standards.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Boasting a rare 7.62% cap rate, this property offers significantly higher immediate cash flow and yield than typical San Francisco residential income assets.
The property features two primary 2-bedroom units plus a fully permitted 2-bedroom ADU, providing a flexible and high-density rental mix for maximum income potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2387, other record lot size in square feet = 2495. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The immediate neighborhood is served by schools with very low performance ratings, which may deter families and impact long-term tenant stability.
A history of multiple price reductions since the initial listing suggests the property has faced challenges in meeting market expectations at higher price points.
Earn a 7.62% cap rate with this rare duplex plus legal ADU located in San Franciscos Bayview neighborhood. 16011603 Revere Avenue offers an exceptional opportunity to acquire a high-performing, income-producing property featuring two primary residential units, each configured as 2-bedroom, 1-bath, plus a fully permitted 2-bedroom, 1-bath ADU. The property is ideally situated near Bayview Park, India Basin Shoreline Park, and Candlestick Point State Recreation Area, offering access to green space, waterfront trails, and outdoor recreation, and is conveniently located near the T Third Street light rail for direct transit throughout the city. Located in a growing Bayview corridor with strong rental demand, this property is well positioned for immediate cash flow and long-term appreciation, making it ideal for investors or owner-occupants seeking yield, stability, and upside.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.5 | 50% |
| Baths | 0.0 | 2.0 | 33% |
| Square foot | 2,387 | 2,290.5 | 67% |
| Lot Size | 2,387 | 2,497.67 | 17% |
| Price | $925.0K | $1.11M | 17% |
| Price per sq ft | $388 | $467 | 33% |
| Built year | 1907 | 1920 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 167 | 17% |
Mar 24, 2026
$925,000
$949,000
-3% Price Drop
Initial Listing
Mar 4, 2026
$949,000
$999,000
-5% Price Drop
Initial Listing
Jan 22, 2026
$999,000
Initial Listing
Sep 11, 2020
$755,000
Public Record
Nov 30, 2018
$682,000
Public Record
May 25, 2012
$285,000
Public Record
Apr 2, 1999
$200,000
Public Record