52-56 Varennes Street, San Francisco, CA 94133, San Francisco, 94133 - 6 bed, 3 bath
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52-56 Varennes Street
San Francisco, CA 94133
ACTIVE
CONDITION: GOOD
6Beds
3Baths
3,003Sq Ft
1,121Lot Size
Property Price
LIST PRICE$1,249,000
EST. MARKET VALUE
$1,391,596
10% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a versatile Triplex listed at $1,249,000—positioned well below the $1,391,597 Fair Market Value by 10%. This valuation gap provides $142,597 in Instant Equity. Featuring a Condition Rating of 3, the property includes recent infrastructure updates like a newer roof and electrical panel. With a Walk Score of 100, this asset offers significant rental demand and development potential in North Beach. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-income property.
Estimated Market Value
$1,391,596+$142,596 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Francisco.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 52-56 Varennes Street Subject 6 bd · 3 ba · 3,003 sqft · $463 | $1,249,000* List Price | 6 | 3 | 3,003 | $463 | - |
A 82-86 Valparaiso Street Pending 5 bd · 3 ba · 3,000 sqft · $532 · 0.4 mi | $1,595,000 List Price | 5 | 3 | 3,000 | $532 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1906, the property is well-maintained and move-in ready. It features a modern renovated bathroom with marble-style tiling and a refreshed kitchen with newer countertops and stainless appliances. Crucially, major systems have been recently updated, including the roof, furnaces, and electrical panel.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Walkability
Boasting a perfect Walk Score of 100 and a Rider’s Score of 94, this property is ideally situated at the intersection of Telegraph Hill and North Beach, offering unparalleled access to iconic landmarks and transit.
- Investment Versatility
This well-maintained triplex includes a vacant 2-bedroom flat ready for immediate occupancy or market-rate rental, plus extensive basement storage with significant development potential.
- Recent Infrastructure Updates
The property features essential capital improvements, including a newer roof, updated furnaces, and a modernized electrical panel, reducing immediate deferred maintenance for a new owner.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of just 1,121 square feet for a 3,003 square foot building, the property offers very limited private outdoor space or yard area for residents.
- Historic Building Maintenance
Originally constructed in 1906, the property may require ongoing specialized maintenance and potential seismic considerations typical of century-old San Francisco structures.
About 52-56 Varennes Street
Discover an exceptional 3-unit property situated on quiet Varennes Street, perfectly positioned where Telegraph Hill meets vibrant North Beach. Ideal for investors or owner-occupiers, this well-maintained multi-family building offers incredible versatility and strong income potential in one of San Francisco's most iconic neighborhoods. The vacant flat features two spacious bedrooms and one full bathroom, making it ready for immediate occupancy or market rents. Further enhancing its utility, the property includes extensive basement storage, providing valuable functional space or development potential. Recent property updates include newer roof, updated furnaces, and electrical panel. Boasting a perfect Walk Score of 100, this Walker's Paradise places world-class dining, boutique shopping, charming cafes, and everyday errands right at your doorstep. Commuters will appreciate the stellar Rider's Score of 94, offering seamless transit connections directly to the Financial District, Downtown, and beyond. Residents enjoy unparalleled access to classic San Francisco landmarks, including the picturesque Filbert Steps and Coit Tower, bustling Washington Square Park, the historic bakeries along Columbus Avenue, and the scenic Embarcadero waterfront.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1906
- Lot Size
- 1,121 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.6 |
| Baths | 3.0 | 4.0 |
| Square foot | 3,003 | 3,221.149 |
| Lot Size | 1,121 | 2,766.255 |
| Price | $1.25M | $2.13M |
| Price per sq ft | $416 | $697 |
| Built year | 1906 | 1925 |
| HOA | $0 | $0 |
| Days on market | 23 | 53 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,249,000
Initial Listing