
San Francisco, CA 94107
This Potrero Hill Duplex with Development Upside is a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,145,489 Fair Market Value by 7%. This valuation gap provides $150,489 in Instant Equity. Boasting a Good Condition Rating, the 1988-built structure features updated systems, Partial San Francisco Bay Views, and proximity to Top-Rated Schools like Lowell High and Lilienthal. With approved ADU plans, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental-subsidized luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 566-568 Mississippi Street Subject | $1,995,000* List Price | 4 | 4 | 2,384 | $900 | - |
A 363-365 Texas Street Active | $1,995,000 List Price | 3 | 2 | 1,905 | $1,047 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1988 duplex that shows clear evidence of updates. Real interior photos reveal modernized kitchens with stainless steel appliances, contemporary cabinetry, and stone countertops, along with updated hardwood flooring and light fixtures. The listing confirms updated plumbing and electrical systems throughout. While the building is over 30 years old, the lack of deferred maintenance and the move-in ready condition of the existing units place it in the 'good' category.
The property includes approved plans for a studio ADU and additional bonus space for a potential fourth unit, providing a rare and clear path to increase density and rental income.
Situated near the 18th and 20th Street corridors, the property offers excellent walkability to local amenities and convenient access to Caltrain, Muni, and major freeways.
Built in 1988 with updated plumbing and electrical systems, this building offers better structural integrity and lower maintenance risks compared to older San Francisco housing stock.
Both units are currently tenant-occupied, which may present challenges for owner-occupants wanting immediate possession or investors looking to reset rents to market rates under local rent control.
Realizing the property's full 'double upside' requires significant additional capital investment and the management of construction for the proposed ADU units.
Potrero Hill Duplex with Double Upside! This well-maintained 1987-built building is far more than meets the eye: two solid tenant-occupied units PLUS the opportunity to build out an enormous bonus space below for a 3rd and potentially 4th unit! Perched on a Potrero slope, the property delivers two generous 2BR/2BA units with good rents and a clean operating history. Updated plumbing and electrical throughout means you're buying a building that's been cared for, not deferred. The seller will deliver an approved set of plans for a studio apartment - ready to reactivate the permits! This is a rare head start on ADU development in a city where entitlements are everything. For an owner-occupant buyer, this is a compelling path: build out the studio, move in, and let the two upper units cover the mortgage. And below that, a spacious garden-level room awaits your architect and imagination: a second ADU, a home office, creative studio,flex space, or perhaps expand the existing plans into this space. The bones and the square footage are there - you bring the vision. Each unit is bright and east-facing, with a thoughtful layout. The primary bedroom features an en-suite bathroom, while the hallway bathroom connects to the second bedroom. The sunny backyard and deck adds charm to an investment property and awaits your green thumb. This prime location delivers on every front. The cafes, restaurants, and groceries of 20th Street & the 18th St corridor are just a short walk away - plus Ikon Coffee is on the corner! A short stroll to Dogpatch, Caltrain and the Muni T-line. Quick access to the 101 and 280. Wow! Whether you're an investor seeking stable cash flow with a clear value-add path, or an owner-occupant ready to build your own unit and let the rental income do the heavy lifting, this property offers a rare combination of income today and upside tomorrow. Don't miss!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 33% |
| Baths | 4.0 | 3.0 | 50% |
| Square foot | 2,384 | 2,571 | 50% |
| Lot Size | 2,500 | 2,497.995 | 50% |
| Price | $2.00M | $1.92M | 50% |
| Price per sq ft | $837 | $643 | 67% |
| Built year | 1988 | 1914 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 189 | 17% |
Apr 7, 2026
$1,995,000
Initial Listing
Aug 11, 2021
$1,975,000
Public Record
Mar 3, 1998
$40,000
Public Record