Multifamily Property in University
University Gardens CORNEL, San Juan 00927
- Added:
- Mar 21, 2026
- Days on Market:
- 69
- Last Refresh:
- May 28 at 9:06 am
Property Features for University Gardens CORNEL
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-3
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Carport, Garage, Garage - Attached
- Interior features
- Kitchen/Family Room Combo, Living Room/Dining Room Combo
- Exterior features
- Garden, Courtyard, Shade Shutter(s), Balcony
- Appliances
- Cooktop, Microwave, Refrigerator
- Standard status
- Pending
- APN
- 06309156205001
- Size
- 2,000 SF
- Lot size
- 0.10 Acres
Utilities
- Cooling system
- Ductless, Multi Units
Building Details
- Year built
- 1970
- Number of units
- 2
- Building materials
- Block
- Roof type
- Concrete
- Architectural style
- Other
Listing agent Erick Quintana Acevedo License #17831 (787) 902-6948
Listing office IMMOBILIARIA QUINTANA Ave. Betances D-3, Bayamon (787) 902-6948
Listing date Mar 21, 2026
MLS# PR9120097
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
- Multi‑family property with 2 independent housing units in a central San Juan location (University Gardens).
- Independent water and electricity meters for each unit.
- Solar panels on the second unit (buyer assumes account).
- Main unit: 3 bedrooms, 2 bathrooms, remodeled kitchen, high ceilings.
- Second unit: independent entrance, 2 bedrooms, 1 bathroom.
- Large backyard.
Overview
This multifamily property, located in the central University Gardens area of San Juan, presents an opportunity to acquire a residential income property. The property consists of two housing units and features a large backyard, independent water and electricity meters for each unit, and solar panels that provide energy exclusively for the second unit; the buyer will assume the account for these. The main unit includes 3 bedrooms, 2 bathrooms, a carport, a remodeled kitchen, and high ceilings. The second unit has an independent entrance and carport, 2 bedrooms, and 1 bathroom, along with its own kitchen. The property is in excellent condition. The lot size is 0.1 acres, and the property size is 2000 square feet. The zoning is R-3.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$227.1K
NOI $20,443 @ 9.00% cap · cautious / downside scenario
Moderate
$292.0K
NOI $20,443 @ 7.00% cap · market / base-case scenario
Aggressive
$408.9K
NOI $20,443 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $15.30 |
| − Vacancy | −$1.4k | −$0.70 |
| EGI | $29.2k | $14.60 |
| − OpEx | −$8.8k | −$4.38 |
| NOI | $20.4k | $10.22 |
2,000 SF · lease $15.30/SF/yr · vacancy 4.56% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$292.0K
$255.5K – $340.7K
NOI $20,443 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,802 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- San Juan
- County
- San Juan
- State
- Longitude
- -66.0606472
- Latitude
- 18.4053848
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property with two units in central San Juan.
Where is this duplex located?
The property is located at University Gardens CORNEL San Juan.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Multi‑family property with 2 independent housing units in a central San Juan location (University Gardens).; Independent water and electricity meters for each unit.; Solar panels on the second unit (buyer assumes account).
