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    The Largest CRE Database in the US with Over 1 Million Listings

    3021 Calle Ramon Power Urb Mayaguez Ter, Unit 3021 Mayaguez, PR 00682

    Sponsored
    For Sale
    $274,900

    Multi-Family 5+ - MAYAGUEZ, PR

    Property size:
    2,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 8 at 10:06 am

    Property Features for 3021 Calle Ramon Power Urb Mayaguez Ter

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RU-3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    233-006-663-09-001
    Parking features
    Garage, Garage - Attached
    Interior features
    Kitchen/Family Room Combo
    Exterior features
    Balcony, Sidewalk
    Size
    2,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Propane (Heating)
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1990
    Number of units
    5
    Building materials
    Cement Siding, Concrete
    Roof type
    Concrete, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Wilfried Leammon

    Puerto Rico Real Estate, PSC (208) 573-6364

    Listing agent Wilfried Leammon (208) 573-6364 License #20014

    Listing date Feb 5, 2026

    MLS# PR9115577 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Income-Producing Multi-Family Near UPRM

    This income-producing, five-unit multi-family property is located in Mayagüez, near the University of Puerto Rico at Mayagüez (UPRM). The property has generated approximately $3,000 a month in rental income for over 8 years, primarily from student tenants. The property includes three units with 2 bedrooms and 1 bathroom each, one studio with a bathroom, and one unit with 1 bedroom and 1 bathroom. Four out of the five units have air conditioning. The property operates with a single water and electric meter, with utilities included in the rent. Situated within walking distance to UPRM, this property benefits from strong student demand. It is also close to shopping centers, restaurants, parks, and beaches, making it a desirable rental location. The lot size is 0.06 acres and the property size is 2000 square feet. The property presents an excellent opportunity for investors seeking immediate income and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Mayaguez
    County
    Toa Baja
    State
    Puerto Rico
    Longitude
    -67.14986465
    Latitude
    18.21697572

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property near UPRM generating consistent rental income.
    Where is this apartment building located?
    The property is located at 3021 Calle Ramon Power Urb Mayaguez Ter, Unit 3021 Mayaguez, PR.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - Proven income-producing property: Generates approximately $3,000/month in rental income with an 8+ year history.; - Prime location near UPRM: Walking distance to the University of Puerto Rico at Mayagüez, ensuring consistent student tenant demand.; - Multi-unit configuration: Includes a mix of unit types (three 2-bed/1-bath, one studio, and one 1-bed/1-bath) to cater to diverse tenant needs.
    (208) 573-6364
    Request Owner's contact information
    3021 Calle Ramon Power Urb Mayaguez Ter, Unit 3021 Mayaguez, PR 00682
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    3021 Calle Ramon Power Urb Mayaguez Ter, Unit 3021
    Mayaguez, PR 00682
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3021 Calle Ramon Power Urb Mayaguez Ter, Unit 3021 Mayaguez, PR 00682
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    We can help!
    Listing Contact
    Wilfried Leammon
    Real Estate License ID: 20014
    (208) 573-6364
    Learn more
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