2115 Hyde Street, San Francisco, CA 94109

Property Description

Located in San Francisco's coveted Russian Hill Neighborhood, 2115 Hyde Street presents a compelling value-add multifamily investment with multiple avenues for upside. The mostly vacant eleven-unit property offers investors, multifamily operators, and TIC developers the rare opportunity to capitalize on rising rental rates, execute a lease-up strategy, or explore the sale of individual units. Extensive foundation, electrical, and fire alarm improvements have already been completed, reducing significant future capital expenditure. 2115-2129 Hyde Street features a diverse unit mix that includes studio, one-bedroom, two-bedroom, and three-bedroom residences, allowing ownership to appeal to a broad range of renters or TIC buyers. Several units offer attractive views and are designed with hardwood floors, bay windows, and ample storage space. The property's common amenities include a courtyard and on-site laundry, enhancing resident appeal. With substantial vacancy, extensive work, and multiple remodeled units, the property provides flexibility to further renovate, improve operations, and maximize rental income potential. Residents benefit from immediate access to the restaurants, cafs, boutiques, and neighborhood amenities along Union Street, Polk Street, and Hyde Street. In addition, exceptional public transit connectivity to the Muni and Powell-Hyde Cable Car, along with a highly walkable location, further enhances the property's appeal, supporting both resident convenience and long-term rental demand. The combination of a premier Russian Hill address, completed capital improvements, and significant value-add potential positions 2115 Hyde Street as a unique opportunity to unlock value in one of San Francisco's most established and desirable residential markets.