Quick San Diego City CA MLS Search

Browse All San Diego City CA Multi-Family Properties for Sale

2421 Brant Street, San Diego
$1,899,995
PTP2607969 MLS ⋅ Active Status
Beautifully renovated duplex in coveted Bankers Hill, (see showing instructions or call) offering two homes for the price of one. This early-1900s Tudor/French Normandy-style Craftsman blends timeless architectural character with thoughtful modern renovations while preserving its historic warmth and integrity. The two-level main residence offers 3 bedrooms, 2.5 baths, and an oversized 2-car garage. Rich period details, abundant natural light, and a west-facing orientation create a warm and inviting living environment. Enjoy views toward Downtown San Diego and the bay/harbor, creating an exceptional backdrop for everyday living and entertaining. Beautiful hardwood flooring throughout, new roof, new appliances, custom tile. The separate lower-level residence/casita features its own private entrance, full bath, and laundry hookups, delivering outstanding flexibility for multigenerational living, guests, a home office, or rental income. With the property recorded as a duplex, this rare two-unit offering presents a compelling opportunity for an owner-occupant, investor, or buyer seeking versatile living arrangements in a premier urban location. Enjoy close proximity to Little Italy, the San Diego Bay, Downtown, Balboa Park, acclaimed dining, shopping, and entertainment, with convenient access to Interstate 5. This distinctive Bankers Hill duplex combines historic appeal, modern updates, Downtown and bay/harbor views, oversized garage and driveway parking, and valuable income-producing potential in one of San Diego’s most desirable neighborhoods.

2421 Brant Street, San Diego

2101 3 Drescher Street, San Diego
$1,190,000
PTP2607928 MLS ⋅ Active Status
Rare Linda Vista duplex in a highly convenient location, offering remodeled, income-producing units today and exceptional development potential tomorrow. 2022: both 2BR/1BA units fully remodeled with updated kitchens and baths, new flooring, dual-pane windows, mini-split heating/AC (six heads total), instant electric water heaters and updated electrical. 2024: all plumbing retrofitted, including 4" ABS sewer lateral to the main. Paid-off solar grandfathered on SDG&E Net Energy Metering 2 with approx. 15+ years remaining, a valuable rate structure new solar no longer qualifies for, helping keep utility costs low. Sizable driveway for off-street parking, shared washer/dryer on site, and notable ocean views. Development upside: the approx. 9,514 sf lot is zoned RM-3-7 (base density approx. 9 units) and sits within the City's Sustainable Development Area, Transit Priority Area and Complete Communities Housing Solutions FAR Tier 4. Under the Housing Solutions program, qualifying projects that deed-restrict 40% of base units as affordable may build up to 4.0 FAR (roughly 38,000 sf of floor area), with height governed by FAR, no required parking near transit, and potential for 25+ units. Collect rent now, build later. All this, just a short stroll to the Linda Vista Plaza Shopping Center, nearly a mile to USD, minutes to Fashion Valley, Mission Valley and the I-8/163 corridors, and steps to the bus line. Buyer to verify zoning, density and development potential with the City of San Diego. Renderings are conceptual and not approved plans.

2101 3 Drescher Street, San Diego

1831 33 Felton Street, San Diego
$1,099,999
PTP2607694 MLS ⋅ Pending Status
Welcome to 1831-1833 Felton Street, a beautifully renovated duplex in the heart of North Park, one of San Diego's most sought-after neighborhoods. This turnkey property features two attached units, making it an exceptional opportunity for owner-occupants, multigenerational living, or investors. The front unit offers 3 bedrooms, 2 bathrooms, and approximately 899 sq. ft., while the rear unit features 2 bedrooms, 1 bathroom, and approximately 636 sq. ft. Both homes have been thoughtfully updated with new cabinetry, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and beautifully remodeled bathrooms with designer tile accents. Each unit also includes its own stackable washer and dryer, energy-efficient mini-split heating and air conditioning system, and separate private landscaped yard—perfect for relaxing, entertaining, or enjoying San Diego's year-round sunshine. A new roof adds lasting value and peace of mind. While there is no garage or off-street parking, the property's generous outdoor living spaces provide an inviting extension of each home and a rare amenity for an urban setting. Ideally located just minutes from Balboa Park, Morley Field, downtown San Diego, and major freeways, this home places you in the center of North Park's vibrant lifestyle. Enjoy an eclectic mix of award-winning restaurants, craft breweries, coffee shops, boutiques, galleries, and neighborhood events, all contributing to the area's reputation as one of San Diego's most walkable and desirable communities. Whether you're looking to live in one unit and rent the other or expand your investment portfolio with a move-in-ready property, this exceptional duplex offers modern upgrades, private outdoor space, and an unbeatable location.

1831 33 Felton Street, San Diego

3853 Cherokee, San Diego
$3,425,000
OC26221753 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire Urban Heights, a 15-unit multifamily property at 3853–3865 Cherokee Avenue in the Cherokee Point neighborhood of central San Diego. The property sits where North Park, Normal Heights and City Heights meet, close to the restaurants, coffee shops and transit of the University Avenue corridor, with Balboa Park, Downtown and Mission Valley a short drive away. The offering spans two adjoining parcels totaling ±13,806 SF. The first, 3853–3859 Cherokee, holds a 13-unit apartment community: a two-story stucco building with exterior walkways and a single-story front building beneath the property’s reclaimed-wood Urban Heights sign. The second, 3861–3865 Cherokee, is a cottage style craftsman duplex on its own lot behind a redwood privacy fence. Originally built in 1953, the property completed a full interior and exterior remodel in 2020, with new windows, a new roof, new electrical and plumbing upgrades. Units were refinished with plank flooring, shaker cabinetry, granite countertops, stainless appliances and fully tiled baths. At the offering price of $3,425,000 ($228,333 per unit and $506 per SF), Urban Heights trades at a 6.01% cap rate on in-place income and 6.64% at market rents, with a 9.91 GRM falling to 9.27 at market. That is roughly 26% below the $306,755 per-unit average of eight nearby sales since early 2025, at a cap rate 72 basis points above their 5.29% average. In-place one-bedroom rents average $1,761 against $2,044 among nearby one-bedroom comparables, leaving room to grow income as units turn. With a Walk Score of 91 and steady renter demand, Urban Heights suits 1031 exchange buyers, private investors and long-term holders seeking a remodeled, multi building asset in one of San Diego’s most walkable urban submarkets.

3853 Cherokee, San Diego

4205 Noyes, San Diego
$5,400,000
OC26221697 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire The Roxy, a fully renovated 16-unit apartment community at 4205 Noyes Street in Pacific Beach. Set at the corner of Noyes Street and Oliver Avenue, the property sits just north of the Kendall-Frost Mission Bay Marsh Reserve, a short walk from the Mission Bay shoreline and a quick ride to the Pacific Beach boardwalk, Garnet Avenue and the coast. Originally built in 1959, the two-story building was taken down to the studs in a 2021 gut renovation. Major building systems were replaced, including a new roof, new electrical and plumbing upgrades, and every unit was rebuilt with new windows, gray shaker kitchens with white countertops, blue subway-tile backsplashes and stainless appliances, new plank flooring, ceiling fans and fully remodeled baths with new vanities, tubs and patterned tile. The result is 16 turnkey junior one-bedroom homes averaging ±450 SF, with 15 off-street parking spaces and a cozy coastal look carried outside through seafoam doors, iron railings and lantern lighting. At the offering price of $5,400,000 ($337,500 per unit), The Roxy offers the lowest price per door of any multifamily property currently on the market in Pacific Beach. It trades at a 4.64% cap rate on in-place income and 5.54% at market rents, with a 13.21 GRM falling to 11.77 at market. That price per unit sits about 23% below the $436,935 average of nine recent Pacific Beach sale comparables. Current rents average $2,046 per unit against a $2,300 market rent and a $2,379 average among nearby one-bedroom comparables, leaving room to grow income as units turn, with RUBS and pet rent already in place. With capital work complete, The Roxy suits 1031 exchange buyers, private investors and long-term holders seeking a low-maintenance coastal asset in one of San Diego’s most supply-constrained beach markets.

4205 Noyes, San Diego

6701 Kelly, San Diego
$8,975,000
OC26221659 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire The Kelly, a 27-unit multifamily community at 6701 Kelly Street in Linda Vista, one of central San Diego’s most accessible neighborhoods. Originally constructed in 1941, the property underwent a comprehensive gut renovation in 2022 that delivered new interiors, new windows, a new roof, plumbing upgrades and new electrical, positioning the asset as turnkey product for its next owner. The offering is composed of 12 townhome units, 12 apartment units, a duplex and an ADU on a ±45,738 SF (±1.05-acre) parcel with 56 on-site surface parking spaces, a 2.07-per-unit ratio. The mix spans three one-bedroom, eight two-bedroom/one-bath, twelve two-bedroom/two-bath and four three-bedroom homes, giving the property depth across household sizes. Renovated interiors feature quartz countertops, white shaker cabinetry, stainless steel appliances, wide-plank flooring, ceiling fans and refreshed tiled baths. At the offering price of $8,975,000 ($332,407 per unit and $357.57 per SF), the property delivers a 6.08% cap rate on in-place income and 6.43% at market rents, at a 10.35 gross rent multiplier. Modeled with 30% down at a 6.00% interest rate, in-place income covers debt service at 1.21x and produces a 3.5% cash-on-cash return, rising to 1.28x and 4.7% at market. With the major capital work behind it, ownership can focus on operations rather than construction. RUBS utility reimbursement, laundry and pet rent income are in place, and the market scenario identifies further savings in trash service and property management. Linda Vista’s central position between Mission Valley, Kearny Mesa and the University of San Diego, with direct access to I-805, SR-163 and I-8, supports durable renter demand. The Kelly offers 1031 exchange buyers, private capital and long-term holders a renovated, income-producing asset at scale in the urban core

6701 Kelly, San Diego

2514 44th Street, San Diego
$1,199,000
PTP2607522 MLS ⋅ Active Status
BRAND-NEW CONSTRUCTION WITH ATTACHED ADU, PAID SOLAR & CITY VIEWS! Exceptional opportunity just minutes from Downtown San Diego offering modern design, flexible living spaces, and potential income-producing options. The 1,308 sq. ft. main residence features 3 bedrooms and 3 full bathrooms, including a convenient downstairs bedroom and bath. Each bedroom is paired with access to a full bathroom, providing added privacy and a layout that may appeal to buyers exploring shared living or individual room rental strategies, subject to applicable laws and regulations. The open-concept living area features soaring ceilings, expansive windows, contemporary finishes, and a beautifully designed kitchen with sleek cabinetry, generous counter space, a spacious island, and a unique pass-through window connecting the kitchen to the outdoor entertaining area. Oversized balconies provide additional outdoor living space with city and neighborhood views. Architectural lighting highlights the staircase, kitchen, bathrooms, balconies, and exterior, while paid solar adds additional value. The attached 522 sq. ft. ADU features 1 bedroom and 1 full bathroom along with its own kitchen, living area, generous closet space, and dedicated washer/dryer hookups, providing the privacy and functionality of an independent living space. The configuration offers flexibility for an owner-user, multigenerational household, or buyer seeking potential rental income. For investors, the property offers multiple potential rental strategies, including renting the main residence and ADU separately or exploring individual room rentals within the main residence, subject to applicable laws, regulations, permits, and rental requirements. Buyer to independently verify permitted uses, rental potential, and projected rents. Ideally located near Downtown San Diego, Balboa Park, major freeways, shopping, dining, and entertainment. With approximately 1,830 combined sq. ft., 4 bedrooms, 4 full bathrooms, two distinct living spaces, new construction, and paid solar, this property offers a unique combination of contemporary living and investment versatility.

2514 44th Street, San Diego

4086 98 National Avenue, San Diego
$1,250,000
PTP2607421 MLS ⋅ Pending Status
The offer process has been completed on National Ave, no other offers or prospective interest will be considered. Please do not walk the property or disturb tenants. 4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and electricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. Post renovation and stabilization projects $216,780 GSI and $148,311 NOI, resulting in an 11.86% pro forma cap rate, excluding renovation costs. Additional revenue potential includes garage and parking income, laundry income, and the implementation of a water and trash reimbursement program. Located in San Diego's 92113 submarket, the property offers convenient access to San Diego Bay, Coronado Island, Downtown San Diego, Barrio Logan, Naval Base San Diego, major employment centers, and the broader South Bay. Connectivity to I-5, I-15, and SR-94 provides residents with efficient access throughout the county.

4086 98 National Avenue, San Diego

3019 23 Martin Avenue, San Diego
$1,299,995
PTP2607217 MLS ⋅ Pending Status
Amazing 3-home opportunity! (See Show Instructions or call) - Three renovated residences on one expansive 8,017 sq. ft. lot in the heart of vibrant Logan Heights. With both street and alley access, separate fenced outdoor areas, and a large private driveway accessed from the alley, this versatile property offers exceptional flexibility, parking, and income potential. The front residence includes a 3-bedroom, 2-bath main home plus an attached, separately accessed 1-bedroom, 1-bath unit on the left side of the front structure. A detached 3-bedroom, 1-bath rear residence completes this rare three-unit offering. Each residence enjoys its own fenced outdoor area, providing added privacy and usable space for occupants. Thoughtful renovations include stainless steel appliances, luxury vinyl plank flooring, quartz countertops, custom tile finishes, new roofs and windows, and laundry hookups. The property features separate gas meters, separate water heaters, and two water meters, offering valuable convenience for owners and tenants alike. Low-maintenance turf yards provide inviting outdoor areas for all three residences to enjoy. Ideally located near Downtown San Diego with convenient access to major freeways, the Coronado Bridge, San Diego Bay, beaches, coffee shops, breweries, dining, shopping, and nightlife. An outstanding opportunity for an owner-occupant, multigenerational living, or an investor seeking a flexible multi-unit property with strong rental potential.

3019 23 Martin Avenue, San Diego

5153 5155 Muir Avenue, San Diego
$3,599,000
PTP2607108 MLS ⋅ Active Status
RARE OCEAN BEACH INVESTMENT OPPORTUNITY — TWO DETACHED RESIDENCES JUST 1/2 BLOCK FROM THE SAND WITH PRIOR CITY APPROVAL FOR CONDOMINIUM CONVERSION. An exceptional opportunity to own two substantial detached coastal residences on one parcel, offering approximately 3,370 sq. ft. of reported living area PLUS an additional approximately 1,000 sq. ft. attic/bonus area at 5153 Muir that is not included in the reported square footage. The property also features an extraordinary 10 on-site parking spaces, a 6,165 sq. ft. parcel plus an additional approximately 3,000 sq. ft. easement area, ocean views and tremendous flexibility for owner-users, investors or multi-generational living. 5153 Muir — Front Residence: Charming Craftsman-style 3-bedroom, 2-bath home with wood floors, quartzite countertops, inviting covered front porch, gated yard and outdoor entertaining space. One of the home’s most unique features is the approximately 1,000 sq. ft. attic/bonus area, which is not included in the reported 3,370 sq. ft. living area and provides exceptional additional space for storage, office, studio, recreation or other bonus use. Buyer to independently verify square footage, permitted use and improvements. 5155 Muir — Rear Residence: Impressive detached 3-bedroom, 3.5-bath residence positioned above the garages with ocean views and a spacious, contemporary layout. Multiple outdoor areas take advantage of the coastal setting, creating a private residence that feels distinct and separate from the front home. Parking is exceptionally rare for this close to the beach, with approximately 10 on-site parking spaces, including garage, carport, driveway and additional off-street parking areas. The property’s configuration, generous usable site area and separate residences create possibilities rarely found this close to the ocean. The City of San Diego previously approved a Coastal Development Permit and Tentative Map Waiver for conversion of the two existing residences into two condominiums. This prior approval may provide a compelling opportunity for a buyer interested in pursuing condominium conversion or a future separate-sale strategy; however, prior approvals may have expired or require additional processing. **Buyer to independently investigate and verify with the City of San Diego all current requirements, approvals, permits, subdivision possibilities, condominium-conversion status, square footage and allowable uses. Located in the heart of Ocean Beach just moments from the sand, surf, restaurants, shops and neighborhood amenities. Whether held as a coastal income property, multi-generational compound, owner-occupied residence with additional income, or explored for its future development and separate-sale potential, 5153–5155 Muir Avenue offers a combination of location, parking, flexibility and scale that is extremely difficult to replicate in Ocean Beach.

5153 5155 Muir Avenue, San Diego

3313 15 38th Street, San Diego
$1,100,000
NDP2608619 MLS ⋅ Active Status
Lee & Associates | North San Diego County | The Von Bluecher Group is pleased to present 38th Street Duplex, a 2-unit multifamily investment opportunity located at 3313-15 38th Street in San Diego, California. Situated on an approximately 7,538 square foot lot, the property consists of one single-story residential building totaling approximately 2,028 square feet and features a unit mix of (2) two-bedroom/one-and-a-half-bath units, each approximately 1,014 square feet. The property offers investors an opportunity to acquire a well-located San Diego duplex with stable in-place income, private yards, substantial parking, and several recent property improvements. Each unit includes a two-car garage, driveway, private yard, laundry hookups, and access to owned solar. The property was tented for termite treatment and received a complete exterior repaint in 2022. In Unit 3313 the following improvements include new appliances, windows, & upgraded A/C system. Both units have received new garage doors for both units. The property currently generates approximately $6,000 in scheduled monthly rental income, providing a strong income base for an investor, owner-user, or multigenerational buyer. The two-unit configuration also offers operational simplicity and flexibility. The property's two-car garages create an attractive opportunity for future upside, with potential to explore ADU conversion or other permitted living space. This added flexibility could support future rental income, extended-family accommodations, or enhanced owner-user functionality. Buyer to verify all zoning, permitting, parking, and conversion requirements. Located in the heart of the City Heights / Colina Del Sol submarket, the property benefits from convenient access to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, Balboa Park, and major employment centers throughout the region. The surrounding neighborhood continues to experience strong rental demand driven by its central location, affordability relative to coastal submarkets, and ongoing community reinvestment. With its spacious two-bedroom units, private outdoor areas, two-car garages, driveways, owned solar, and recent improvements, 38th Street Duplex presents an opportunity to acquire a well-located multifamily asset with current income and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, utility metering, permits, financial information, rental information, and all other material aspects of the property.

3313 15 38th Street, San Diego

806 Manhattan Ct, San Diego
$2,699,000
PTP2606902 MLS ⋅ Pending Status
Exceptional value-add multifamily opportunity in the highly sought-after Mission Beach submarket. This 4-unit apartment property sits on an approximately 5,133 SF lot comprised of two APNs and offers a compelling investment profile with below-market rents, a vacant unit, and significant rental upside. The unit mix includes one 3-bedroom/2.5 bath unit, 2-bedroom/2-bath unit, and two 2-bedroom/1.5-bath units, providing strong tenant appeal in a supply-constrained coastal rental market. Current occupancy is 75%, with one vacant unit creating an immediate opportunity to establish market rent while preserving in-place cash flow from the occupied units. The property's location in Mission Beach benefits from exceptionally high barriers to entry, limited new multifamily development opportunities, and consistently strong demand for coastal housing. A standout feature is the extensive onsite parking, downstairs laundry facility, a storage room, including a 2-car garage, the other is a tandem 4-car with two additional spaces, giving this property 8 total parking spots! With one additional covered parking space, an increasingly scarce amenity in the coastal market. Positioned just 1 block from both the Pacific Ocean and the Mission Bay yacht club, the asset offers investors the opportunity to acquire a well-located coastal multifamily property with potential income growth and long-term appreciation in one of San Diego's most desirable beach communities. Property does present an opportunity for interior improvements and rental repositioning. Buyers to satisfy themselves regarding unit condition through seller-provided inspections and their own due diligence. Photos can be provided upon request. Don't miss this opportunity!

806 Manhattan Ct, San Diego

4474 Cape May Avenue, San Diego
$2,495,000
PTP2606659 MLS ⋅ Active Status
Property is a 2 unit with a 3rd that is non non-forming . Perched to capture sweeping northwest ocean views over Pacific Beach and Mission Bay, this extensively reimagined home blends designer style with everyday function in one of San Diego's most coveted coastal neighborhoods. Taken down to the studs and rebuilt with all-new systems, it offers the rare combination of turnkey finishes, flexible living space, and a setting that's hard to replicate. The main living level lives like a single-story retreat — bright, open, and made for entertaining. A reimagined floor plan creates a seamless great room anchored by a chef's kitchen: a 48" Forno eight-burner dual range, Fisher & Paykel 36" panel-ready refrigerator, farmhouse sink, custom white oak cabinetry, and quartz countertops. Wide-plank luxury vinyl flooring, designer lighting and pendants, and crisp Santa Barbara-style stucco set a clean, modern-coastal tone. Step through the bifold door to a brand-new view deck with a fire pit ready gas line, and LED accent lighting — the perfect perch for sunsets, ocean breezes, and front-row seats to the SeaWorld drone and firework shows. The primary suite features an expanded walk-in closet, and every bath is finished with new vanities, tile, and fixtures. A downstairs junior ADU with its own kitchen and full bath offers excellent flexibility for guests, extended family, or a private home office. Additional Workshop not included in the Square footage. Behind the walls, the home has been comprehensively updated with a new electrical system and panel, new plumbing and sewer line, mini-split A/C, dual tankless water heaters, new windows, fencing, and hardscape. Rare four-car carport parking completes this one-of-a-kind coastal offering.

4474 Cape May Avenue, San Diego

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

San Diego City Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in San Diego City and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

How much is your home worth?

Get instant property value now!