
San Francisco, CA 94117
This triplex represents a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,642,225 Fair Market Value by 8%. This valuation gap offers $142,225 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes completed soft-story seismic work and separately metered gas. Its prime NOPA location and on-site parking ensure consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating multifamily property in San Francisco.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 633 Central Avenue Subject | $1,500,000* List Price | 5 | 4 | 2,800 | $587 | - |
A 516 Stanyan Street Sold | $1,790,000 | 5 | 4 | 3,208 | $558 | 0.5 mi |
B 462-464 Frederick Street Pending | $1,550,000 List Price | 4 | 3 | 3,056 | $507 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1904, the property is well-maintained with critical updates including completed soft-story seismic work and separately metered gas. The kitchen features functional butcher block countertops and cabinetry consistent with a 10-20 year old renovation, making it move-in ready and suitable for immediate rental.
Situated in the highly sought-after North Panhandle neighborhood, the property offers immediate access to Golden Gate Park and the vibrant Divisadero corridor, ensuring high tenant demand and low vacancy rates.
The property features completed soft-story seismic work, significantly reducing future capital expenditure requirements and providing long-term structural security and peace of mind for the owner.
With two dedicated on-site parking spaces, this triplex offers a rare and highly coveted amenity in San Francisco that commands premium rents and increases the overall marketability of the units.
Originally constructed in 1904, the property may require ongoing maintenance and potential upgrades to aging infrastructure, such as plumbing and electrical systems, to meet modern standards.
As a multi-unit residential income property in San Francisco, it is subject to strict rent control ordinances, which can limit immediate rental upside and impact the flexibility of tenant management.
633-635 Central Avenue presents the opportunity to acquire a well-maintained three (3) unit apartment building located in San Francisco's highly sought-after North Panhandle (NOPA) neighborhood. Originally constructed in 1904, the property features two (2) one-bedroom, one-bath apartments, one (1) three-bedroom, two-bath apartment, and two (2) on-site parking spaces, offering an attractive unit mix in one of the city's most desirable residential enclaves. The property has been well maintained over the years and includes on-site laundry, a basement with storage potential, and separately metered gas service, offering practical features that enhance long-term ownership. The spacious apartments combine classic San Francisco charm with functional layouts and abundant natural light, while the property's parking and storage remain highly desirable amenities for residents. Ideally situated just steps from the Panhandle, Golden Gate Park, and the vibrant Divisadero corridor, residents enjoy immediate access to some of San Francisco's most popular restaurants, cafs, neighborhood markets, and retail destinations. The central location also offers convenient access to public transportation and major commuter routes, making it easy to reach Downtown San Francisco, UCSF, and the greater Bay Area. With its desirable location, attractive unit mix, valuable on-site parking, and timeless character, 633-635 Central Avenue represents an exceptional opportunity to acquire a quality multifamily asset in one of San Francisco's most established and enduring neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,800 | - |
| Lot Size | 2,518 | - |
| Price | $1.50M | $2.06M |
| Price per sq ft | $536 | $729 |
| Built year | 1904 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 62 |
Jul 13, 2026
$1,500,000
Initial Listing