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    608 12 St Canovanas, PR 00729

    Sponsored
    For Sale
    $129,900

    Duplex - CANOVANAS, PR

    Type:Duplex
    Property size:
    1,800 SF
    Lot size:
    0.08 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 20 at 1:06 am

    Property Features for 608 12 St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    R-C
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    089-039-228-05-000
    Parking features
    Carport
    Interior features
    Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor
    Exterior features
    Balcony, Fence, Sidewalk
    Fencing
    Fenced
    Size
    1,800 SF
    Lot size
    0.08 Acres

    Utilities

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

    Building Details

    Year built
    1975
    Number of units
    2
    Building materials
    Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    John Monterrey Rodriguez
    John Monterrey Rodriguez

    Remax Zone (787) 380-3296 [email protected]

    Listing agent John Monterrey Rodriguez (787) 380-3296 License #C-16313

    Listing date Jan 13, 2026

    MLS# PR9116763 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

    Corner Duplex in Canovanas, PR

    This corner property in Canovanas, PR, features two units across two levels, offering flexibility for residential use, investment, or a combination of both. The property has 1,800 square feet of gross living area on a 315 square meter lot. It includes two electric meters and one water meter, allowing independence between both units. The interior has been rehabbed. The first unit features three bedrooms and two bathrooms, while the second unit includes two bedrooms and one bathroom. Both units have a laundry area and a carport for two vehicles. The property is located with direct access to PR-188, approximately 5 minutes from highway PR-66 and 24 minutes from Luis Munoz Marin International Airport (SJU). It is situated in FEMA Zone X, indicating a minimum probability of flooding, and has R-C (Residential-Commercial) zoning. The annual CRIM is $525.39. The property is sold in its current "as is" condition. The property is occupied, and there is no access to the interior.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Canovanas
    County
    Toa Baja
    State
    Puerto Rico
    Longitude
    -65.882073
    Latitude
    18.393206

    Nearby Similar for Sale

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      3,433 SF

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    • $598,000
      3,433 SF

      Profitable Commercial Property in Canovanas

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      17 012, Canovanas, PR 00729
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    FAQs

    What type of property is this?
    Duplex - Two-unit corner property ideal for residential or investment purposes.
    Where is this duplex located?
    The property is located at 608 12 St Canovanas, PR.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Two independent units (3/2 and 2/1) offering residential, investment, or combined use.; - Excellent location with direct access to PR-188, near PR-66 and the airport (SJU).; - Corner property with **1,800 sq ft (GLA) on a 315 sq meter lot**, featuring carports for 2 vehicles.
    (787) 380-3296
    Request Owner's contact information
    608 12 St Canovanas, PR 00729
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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
    608 12 St Canovanas, PR 00729
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    We can help!
    Listing Contact
    John Monterrey Rodriguez
    John Monterrey Rodriguez
    Real Estate License ID: C-16313
    (787) 380-3296
    Learn more
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