San Francisco 2-4 Unit Apartment Building Market Q3 2025

12 Months 2-4 Unit Bldg. Sales*

San Francisco 2-4 Unit Building Sales Number of Sales by Era of Construction

Year Built

Median Sq.Ft.

Median Sale Price

Median $/Sq.Ft.

Before 1920 3000 sq.ft.

$1,602,500 $561/sq.ft.

204

1920-1939 3120 sq.ft.

$2,027,500 $589/sq.ft.

200

Different neighborhoods of the city were built out during different periods.

1940-1959 2505 sq.ft.

$1,610,000 $645/sq.ft.

1960-1979 3264 sq.ft.

$1,710,000 $513/sq.ft.

150

1980-1999 3805 sq.ft.

$1,982,000 $505/sq.ft.

2000-2024 No sales

100

80

Victorian & Edwardian

Different neighborhoods were built out at different times, which impacts period values. Condo construction (not illustrated here) utterly dominated new construction in the last 25 years.

50

Spanish-Med, Art Deco, Marina Style

36

32

0

12

Prior to 1920

0

1920 - 1939

1940 - 1959

1960 - 1979

1980 - 1999

2000 - 2024

Period of Original Construction

Sales reported to NorCal MLS Alliance in the 12 months through late March 2025. Not all sales provided construction dates. Data derived from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate.

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