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    5349 Av. Isla Verde Carolina, PR 00979

    Sponsored
    For Sale
    Pending
    $350,000

    Duplex - CAROLINA, PR

    Type:Duplex
    Property size:
    904 SF
    Days on Market:
    3
    Last Refresh:
    Jan 28 at 3:06 am

    Property Features for 5349 Av. Isla Verde

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Security features
    Gated Community, Security Gate
    Zoning
    RT-5
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    041-076-014-72-003
    Pets allowed
    Yes
    Interior features
    High Ceilings, Open Floorplan, Stone Counters
    Fencing
    Gate
    Size
    904 SF

    Taxes and HOA fees

    Expense value
    216
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1976
    Number of units
    1
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block, Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Tracy Melendez

    Tracy Realty LLC (787) 662-6060

    Listing agent Tracy Melendez (787) 662-6060 License #19919

    Listing date Jan 26, 2026

    MLS# PR9118717 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

    Isla Verde Duplex Investment

    This is a prime investment opportunity located in the heart of Isla Verde, less than 5 minutes from Luis Muñoz Marín International Airport (SJU). The property consists of two legally unified commercial units (S-2 & S-3) operating as a spacious 2-bedroom, 1-bathroom ground-floor unit. Configured for short-term rental use, it offers a combined 904 square feet of space within the Marbella del Caribe Condominium. The solid concrete construction is well maintained and in excellent overall condition, delivering a true turn-key setup for immediate operation. Residents enjoy direct access to one of Puerto Rico’s most iconic beaches, along with resort-style amenities including a beachfront pool and basketball court. An optional off-site monthly parking arrangement is available for added guest convenience. The property is surrounded by premier dining, shopping, and entertainment, representing a strategically positioned short-term rental asset in one of Carolina’s most active and high-demand tourist markets.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Carolina
    County
    Carolina
    State
    Puerto Rico
    Longitude
    -66.02507
    Latitude
    18.443158

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    FAQs

    What type of property is this?
    Duplex - Turn-key short-term rental near the beach and airport.
    Where is this duplex located?
    The property is located at 5349 Av. Isla Verde Carolina, PR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location in Isla Verde, a high-demand tourist market.; - Direct beach access to one of Puerto Rico's most iconic beaches.; - Turn-key, ground-floor unit configured for short-term rentals.
    (787) 662-6060
    Request Owner's contact information
    5349 Av. Isla Verde Carolina, PR 00979
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    Carolina, PR 00979
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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
    5349 Av. Isla Verde Carolina, PR 00979
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    We can help!
    Listing Contact
    Tracy Melendez
    Real Estate License ID: 19919
    (787) 662-6060
    Learn more
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