2256 Market Street, San Francisco, CA 94114, San Francisco, 94114 - 3 bed, bath

ACTIVE UNDER CONTRACT$2,500,000
2256 Market Street, San Francisco, CA 94114
3Beds
0Bath
6,167Sqft
2,874.96Lot
Year Built
1904
Close
-
List price
$2.5M
Original List price
-
Price/Sqft
$405
HOA
$0
Days on market
-
Sold On
-
MLS number
425037046
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros.
2256 Market Street (9 units).
Price History
Date
Event
Price
05/05/25
Price Change
$2,500,000
Condition Rating
Fair
Built in 1904, the property's core systems (plumbing, electrical, HVAC) are likely outdated and require substantial capital investment, as noted in the property analysis. However, at least one unit has undergone a recent, tasteful renovation, featuring modern kitchen appliances, light blue cabinetry, white countertops, new LVP flooring, and an updated bathroom with contemporary fixtures. The exterior appears well-maintained, and the common laundry facilities are functional. The overall condition is a blend of recently updated interiors within an aging building infrastructure, placing it in the 'Fair' category where major components are functional but show signs of being outdated, despite some recent updates.
Pros & Cons
Pros
Prime San Francisco Location: Situated on Market Street in San Francisco, this property benefits from high visibility, excellent foot traffic, and strong demand for both residential and commercial spaces in a vibrant urban core.
Multi-Unit Income Potential: Comprising 9 units, the property offers significant rental income potential and diversification, making it an attractive investment for generating consistent cash flow.
Mixed-Use Zoning Flexibility: As a mixed-use property, it provides flexibility for various commercial and residential uses, maximizing its appeal to a broader tenant base and potential revenue streams.
Historic Architecture & Character: Built in 1904, the building likely possesses unique architectural details and historic charm, which can be a desirable asset and command premium rents in San Francisco.
Substantial Building Size: With 6167 square feet, the property offers ample space for multiple units and diverse tenant configurations, allowing for various business models or residential layouts.
Cons
Advanced Age of Property: Constructed in 1904, the building is over a century old, likely requiring substantial capital investment for system upgrades (plumbing, electrical, HVAC), deferred maintenance, and modernization to meet current standards and tenant expectations.
Active Under Contract Status: The property is currently 'Active Under Contract,' meaning it is not immediately available for new offers, limiting acquisition opportunities for interested buyers.
Potential for High Operating Costs: Older, multi-unit mixed-use properties often incur higher ongoing maintenance, repair, and utility costs compared to newer constructions, impacting net operating income.












