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    Remodeled Arecibo Multifamily Property Title is generated by Realmo AI

    681 PR-681 ISLOTE WARD, Arecibo 00613

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    Claim this Listing
    Pending
    $485,000

    Duplex - ARECIBO, PR

    Type:Duplex
    Property size:
    2,442 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 8 at 1:06 am

    Property Features for 681 PR-681 ISLOTE WARD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R-G
    Bedrooms
    7
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Driveway, Guest, Off Street, Oversized
    Security features
    Closed Circuit Camera(s), Security Gate, Security Lighting, Smoke Detector(s)
    Pets allowed
    Cats OK, Dogs OK, Yes
    Pool private
    1
    Interior features
    Primary Bedroom Main Floor, Primarybedroom Upstairs, Stone Counters
    Exterior features
    Level, Paved, Balcony, Fence, Garden, Lighting, Outdoor Grill, Outdoor Shower, Private Entrance, Storage, Pool, Security Lights
    Fencing
    Fenced, Gate
    Appliances
    Dryer, Freezer, Microwave, Oven - Convection, Range, Refrigerator
    Standard status
    Pending
    APN
    013-047-509-01-001
    Size
    2,442 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1422.35

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1986
    Number of units
    2
    Building materials
    Concrete
    Roof type
    Concrete
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Valerie Hernandez

    Listing agent Valerie Hernandez License #22780

    Listing office CIEN POR 35 REALTY LLC 370 Valles de Torrimar, GUAYNABO

    Listing date Jan 26, 2026

    MLS# PR9118811 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.

    HighLights

    • Turnkey multifamily property with two fully furnished and equipped units ready for immediate rental income (long‑term or short‑term).
    • Prime location minutes from beaches, La Cueva del Indio, the Marina, restaurants, and tourist attractions in Islote, Arecibo.
    • Includes a private swimming pool and a large backyard with fruit‑bearing trees.
    • Both units feature new kitchen appliances and high‑efficiency inverter air conditioning units.
    • First unit: 4 bedrooms, 2 full bathrooms; Second unit: 3 bedrooms, 1 full bathroom, 1 half bathroom.
    • Ample parking area suitable for multiple vehicles or potential future expansion.

    Overview

    This multifamily property in Islote, Arecibo, Puerto Rico, features two independent units, fully furnished and equipped for immediate income generation through long-term or short-term rentals. The first-level unit includes 4 bedrooms and 2 full bathrooms. The second-level unit offers 3 bedrooms, 1 full bathroom, and 1 half bathroom. Both units feature new kitchen appliances, and the property includes 8 high-efficiency inverter air conditioning units, a new 800-gallon cistern, a washer and dryer, and complete, high-quality furniture throughout all living areas. Additional features include a private swimming pool, a large backyard with fruit-bearing trees, and an ample parking area suitable for multiple vehicles or potential future expansion. The property is located minutes from beaches, La Cueva del Indio, the Marina, restaurants, and tourist and recreational attractions in the northern region. The property is zoned R-G and has a lot size of 0.23 acres. The property size is 2442 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Arecibo
    County
    Toa Alta
    State
    Longitude
    -66.64858838
    Latitude
    18.48440262

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    FAQs

    What type of property is this?
    Duplex - Well-maintained, furnished duplex in Islote, ready for immediate income.
    Where is this duplex located?
    The property is located at 681 PR-681 ISLOTE WARD Arecibo.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Turnkey multifamily property with two fully furnished and equipped units ready for immediate rental income (long‑term or short‑term).; Prime location minutes from beaches, La Cueva del Indio, the Marina, restaurants, and tourist attractions in Islote, Arecibo.; Includes a private swimming pool and a large backyard with fruit‑bearing trees.
    (787) 517-8911
    We can help!
    Listing Contact
    Valerie Hernandez
    Real Estate License ID: 22780
    Learn More
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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.

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    681 PR-681 ISLOTE WARD, KM 7.1, ARECIBO, 00613
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