Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    829 Santa Olaya Bayamon, PR 00956

    View on Map
    Sponsored
    For Sale
    $1,995,000

    Multi-Family 5+ - BAYAMON, PR

    Property size:
    3,380 SF
    Lot size:
    0.32 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 25 at 12:06 am

    Property Features for 829 Santa Olaya

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    X
    APN
    142-093-198-21-000
    Size
    3,380 SF
    Lot size
    0.32 Acres

    Building Details

    Year built
    1990
    Building materials
    Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Jamie Baez Mercado

    Ark Real Estate, LLC

    Listing agent Jamie Baez Mercado License #20115

    Listing date Mar 20, 2026

    MLS# PR9119838 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

    Multi-Family Investment Opportunity in Bayamon

    Located in the tranquil "El Punto" sector of Bo. Santa Olaya, Bayamón, this multi-family property offers a unique mountain-meets-city setting minutes from the urban core. The property features 16 residential units, including fourteen 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, within 7,530 square feet of construction on a 1,323.32 square meter lot (approximately 0.32 acres). Currently in the early stages of renovation, this asset presents an opportunity for buyers to participate in the completion process. The property includes 20 parking spaces, commercial-grade water and electric meters, and individual meters for each unit, supporting efficient operation and long-term scalability. Its proximity to universities, schools, and essential services contributes to consistent rental demand and strong investment potential. The property has annual property taxes (CRIM) of approximately $1,818.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Bayamon
    County
    San Juan
    State
    Puerto Rico
    Longitude
    -66.17145337
    Latitude
    18.31359672

    Nearby Similar for Sale

    • $540,000
      6,556 SF

      Mixed-Use Property in Bayamón

      Mixed-use property with commercial space and residential units in Bayamón.
      6A Calle, Bayamon, PR 00957
      View Details
    • $750,000
      7,933 SF

      Bayamón Commercial Space for Sale

      Commercial property in excellent condition, ready for development.
      I-32 Calle 8, Bayamon, PR 00959
      View Details
    • $875,000
      9,800 SF

      Bayamon Retail Opportunity in CBD

      Two-story building in downtown Bayamon, ideal for retail.
      111 Dr Veve, Bayamon, PR 00957
      View Details
    • $250,000
      1,044 SF

      Medical Office in Bayamón, PR

      Well-designed 1,044 sq. ft. medical office optimized for patient care.
      506 Edif. Drarturo, Bayamon, PR 00961
      View Details
    • $299,000
      1,021 SF

      Turn-Key Office in Metro Medical

      Ready-to-operate office space in Bayamón's Metro Medical Center.
      995 Metro Medical Ctr, Bayamon, PR 00959
      View Details
    • $285,000
      1,500 SF

      Mixed-Use Commercial Property in Bayamón

      Mixed-use property with commercial space and residential units for sale.
      B-2 Ave Santa Juanita, Bayamon, PR 00956
      View Details
    • New
      $125,000
      Pending

      Multifamily Property in Bayamon, PR

      Multifamily property with two units, ideal for rental income.
      45 Calle, Bayamon, PR 00956
      View Details
    • $798,000
      7,401 SF

      Bayamon Mixed-Use Income Property

      Mixed-use property with residential and commercial units, parking, and access.
      435 Urb. Hermanas Davila, Bayamon, PR 00957
      View Details
    • $325,000
      Pending

      Spacious Duplex in Bayamon, PR

      Two-unit property with income potential in Buena Vista ward.
      Bayamon, PR 00956
      View Details
    • $299,000
      692 SF

      Retail Space in Canton Mall

      Commercial space in Bayamón's Canton Mall, ideal for businesses.
      Betances St. Annes-El Canton Mall Local Comercial, Bayamon, PR 00959
      View Details
    • $98,000
      927 SF

      Bayamon Office For Sale

      Medical office space in Bayamon, PR, with security access.
      57 Santa Cruz, Bayamon, PR 00961
      View Details
    • $1,995,000
      7,530 SF

      Multi-Family Investment Opportunity, Bayamon

      Multi-family property with 16 units in a mountain-meets-city setting.
      829 Santa Olaya, Bayamon, PR 00956
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-family property with 16 units in a prime location.
    Where is this apartment building located?
    The property is located at 829 Santa Olaya Bayamon, PR.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Multi-family property featuring 16 residential units (14 x 1-bed/1-bath & 2 x 2-bed/1-bath).; - Excellent investment opportunity to participate in the completion of an early-stage renovation.; - Located in a tranquil mountain-meets-city setting, minutes from Bayamón's urban core.
    (787) 379-3097
    Request Owner's contact information
    829 Santa Olaya Bayamon, PR 00956
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    829 Santa Olaya
    Bayamon, PR 00956
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    829 Santa Olaya Bayamon, PR 00956
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jamie Baez Mercado
    Real Estate License ID: 20115
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!