1608 Folsom Street, San Francisco, CA 94103, San Francisco, 94103 - 6 bed, 5 bath
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San Francisco, CA 94103
This Multi-Unit Residential Income Asset is listed at $2,075,000, positioned near its $2,005,948 Fair Market Value. Maintaining a Condition Rating of 4, the property delivers a consistent income stream via four fully occupied units in San Francisco’s high-demand SOMA district. Notable features include rare on-site parking for up to three vehicles, private patios, and balconies offering city rooftop views. With its proximity to major tech offices and transit, this well-maintained building offers significant long-term stability. It is an ideal addition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1608 Folsom Street Subject | $2,075,000* List Price | 6 | 5 | 4,185 | $479 | - |
A 1608 Folsom Street Active | $2,075,000 List Price | 6 | 5 | 4,185 | $496 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1914, this property shows its age despite being described as 'well-maintained.' While one bathroom has been recently updated with modern tiling and vanity, the kitchens feature dated cabinets, countertops, and linoleum/vinyl flooring, though appliances appear newer. Other areas retain original architectural details, hardwood floors, and some older light fixtures. The property is functional and habitable but requires minor updates to modernize the overall aesthetic and bring all units up to current standards, consistent with a property that has undergone occasional updates rather than a full recent renovation.
Situated in the highly desirable SOMA district, offering immediate access to tech offices, vibrant nightlife, trendy cafes, and excellent public transportation (BART, Muni, freeways).
A fully occupied 4-unit building with strong rental income, providing a stable and attractive return for investors.
Features valuable on-site parking for up to 3 standard cars or 2 SUVs, a significant and sought-after amenity in San Francisco.
The presence of an 'unwarranted studio unit' introduces potential legal, permitting, and compliance risks that could impact future operations or value.
Constructed in 1914, the property, despite being well-maintained, may require significant future capital investments for major system upgrades (e.g., plumbing, electrical, roof) inherent to older buildings.
The listing as a 'Triplex' while described as a '4-unit building' with an 'unwarranted studio' suggests potential zoning or legal unit count discrepancies that warrant further investigation.
Welcome to 1608 Folsom Street a well-maintained and fully occupied 4-unit building in a vibrant and highly accessible part of San Francisco. This property features three spacious 2-bedroom, 1-bathroom units, each offering a full kitchen, sit-in dining area, in-unit washer and dryer, and thoughtful layouts ideal for comfortable living. Additionally, there is an unwarranted studio unit, also fully rented, providing added income potential.Som e units include private outdoor balconies or patios, perfect for relaxing or entertaining. The property also offers on-site parking for up to 3 standard cars or 2 SUVs a rare and valuable amenity in the city. Located in the heart of SOMA, this property is just steps away from Trendy cafes, nightlife, artisan breweries, and major tech offices. Easy access to BART, Muni, and freeways makes commuting a breeze. With strong rental income and surrounded by some of the city's most dynamic amenities, 1608 Folsom is a smart addition to any investment portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 4,185 | 3,656 | 60% |
| Lot Size | 2,186.71 | 2,000 | 60% |
| Price | $2.08M | $1.39M | 80% |
| Price per sq ft | $496 | $479 | 60% |
| Built year | 1914 | 1914 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 274 | 217 | 0% |
Jul 22, 2025
$2,075,000
Initial Listing