Press Releases
Marcus & Millichap Brokers $6.25M Russian Hill Multifamily Portfolio Sale in San Francisco
September 24, 2026
SAN FRANCISCO, Sept. 24, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.25 million after more than 50 years under the same family ownership.
“This was the first time either property had been brought to market in more than 50 years, creating a rare opportunity to acquire two well-located Russian Hill assets from a long-term owner,” said Philip Batlin, managing director investments. “We marketed the properties both individually and as a portfolio, generating multiple offers on each. Ultimately, selling them together allowed the ownership to capitalize on the scale of the combined offering and select the strongest overall proposal.”
Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listings to market the properties on behalf of the seller, a family that had owned both assets for more than 50 years, and procured the buyer, Ballast.
Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, one-bath units and is situated on a 0.12-acre parcel. The property features two flats per floor across three residential levels, six garage spaces and rear access from Warner Place. The upper floors have views of the Golden Gate Bridge, and the property is located one-half block from the Hyde Street cable car line.
Built in 1908, the 6,075-square-foot property at 1067-1071 Union St. consists of five two-bedroom, one-bath units and is situated on a 0.07-acre parcel. The property includes two buildings on a single lot with frontage on Union Street and Macondray Lane. Two of the units are addressed at 128 and 130 Macondray Lane.
Together, the properties provide nine garage spaces across 11 units. The buyer plans to hold the portfolio long term and gradually reposition units as they become available.
“This was the first time either property had been brought to market in more than 50 years, creating a rare opportunity to acquire two well-located Russian Hill assets from a long-term owner,” said Philip Batlin, managing director investments. “We marketed the properties both individually and as a portfolio, generating multiple offers on each. Ultimately, selling them together allowed the ownership to capitalize on the scale of the combined offering and select the strongest overall proposal.”
Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, had the exclusive listings to market the properties on behalf of the seller, a family that had owned both assets for more than 50 years, and procured the buyer, Ballast.
Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, one-bath units and is situated on a 0.12-acre parcel. The property features two flats per floor across three residential levels, six garage spaces and rear access from Warner Place. The upper floors have views of the Golden Gate Bridge, and the property is located one-half block from the Hyde Street cable car line.
Built in 1908, the 6,075-square-foot property at 1067-1071 Union St. consists of five two-bedroom, one-bath units and is situated on a 0.07-acre parcel. The property includes two buildings on a single lot with frontage on Union Street and Macondray Lane. Two of the units are addressed at 128 and 130 Macondray Lane.
Together, the properties provide nine garage spaces across 11 units. The buyer plans to hold the portfolio long term and gradually reposition units as they become available.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
