196-198 Downey ST San Francisco, CA 94117

Great Off Market opportunity. Stately and elegant, this classic two-unit Victorian sits on a coveted Cole Valley block, offering timeless architecture, scale, and versatility. Spanning approximately 2,645 square feet plus 620 square feet of finished attic space, the residence presents a rare opportunity with a vacant, two-level upper home and a beautifully remodeled lower flat generating income. The grand faade hints at the architectural richness withinsoaring ceilings, refined period detailing, and beautifully restored hardwood floors. The upper residence unfolds across two levels, blending formal entertaining spaces with flexible living. A sunlit living room with bay window and fireplace flows to a gracious dining room designed for gatherings, while the kitchen opens to a rear deck ideal for indoor-outdoor living. Upstairs, three expansive bonus rooms capture sweeping outlooks over Cole Valley, offering exceptional flexibility. The lower tenant occupied residence, remodeled with permits, offers a sophisticated two-bedroom layout with high ceilings, a formal dining room with box-beam ceiling, and a well-appointed kitchen that opens to a private deck and patio. Period charm is thoughtfully paired with modern updates throughout. Completing the property is two-car tandem garage parking (delivered vacant), basement storage, deck and patio. Ideally located just moments from Buena Vista Park, Golden Gate Park, and the vibrant shops and cafs of Cole Street, with easy access to MUNI and public transit. A rare opportunity to own a quintessential San Francisco Victorian with both lifestyle and investment appeal.