Q3 San Francisco 2–4 Unit Market Update

Noe Valley and the Richmond District have been the hot spots this quarter — no surprise there. These neighborhoods continue to lead demand for 2–4 unit buildings, and activity has picked up more than we’ve seen since 2021.

‍
We’re not back at the 2021 peak yet, but we’re definitely moving in the right direction. Price per square foot is climbing, rents are up, and overall momentum in the multi-unit market is strong.

‍
Buyers and investors are starting to move again — confidence is creeping back in.

‍

‍

‍‍‍Want to stay in the know for all things mixed-use, multi-unit, and commercial properties in San Francisco? Join the newsletter today for regular market updates!

‍

‍

‍