Building Details

Year built 1980

Listing Agency: KW Puerto Rico Show Phone

Listed By: Clara I. Colon Bou Show Phone

Added: Jul 12 Changed: Sep 8 Last Checked: Sep 12 at 8:06AM

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MLS# PRKWB7E800

Copyright © 2026 Amplia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-level quadplex in Ponce contains approximately 3,300 square feet of building area and was constructed in 1980. The first two levels each contain a three-bedroom, two-bathroom apartment. The third level is arranged as one larger residence and is identified as having potential for conversion into two one-bedroom, one-bathroom apartments. The fourth level includes a three-bedroom, one-bathroom unit that requires improvements and could remain as configured or be divided into two additional apartments. A Galvalume roof is in place, and four water meters plus four electric meters support separate utility administration for the existing units.

The property is located at Calle Cantera Mayor #35, Bo Sexto, Ponce, PR 00730, near universities, hospitals, and shopping centers. The parcel measures 0.068 acres and is within postal code 00730. The unit layout provides four existing residences with stated expansion potential to six or eight apartments, subject to completing the applicable improvements and conversions.

Key Highlights

• Four‑level quadplex with four existing units and stated potential for 6 or 8 apartments
• Approximately 3,300 SqFt of building area on a 0.068‑acre parcel
• Levels 1 and 2 each offer a 3‑bedroom, 2‑bathroom unit

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$27,214

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.56%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$544,280 $544.3K

Cap Rate 7%

$388,771 $388.8K

Cap Rate 9%

$302,378 $302.4K

Market Conditions

NOI Build-Up for 3,300 SF 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.

Gross rent

$41.6K $12.60/SF

− Vacancy

−$2.7K −$0.82/SF

EGI

$38.9K $11.78/SF

− OpEx

−$11.7K −$3.53/SF

NOI

$27.2K $8.25/SF

Area

Ponce, PR

Vacancy

6.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$544,280

Cap Rate 7%

$388,771

Cap Rate 9%

$302,378

Alternative Uses

Best Use

Multifamily LT 5

$388.8K

$340.2K – $453.6K (±1% cap)

NOI $27,214 @ 7.0% cap · market cap 7.56%

Second Best

Apartment 5plus

$351.7K

$307.8K – $410.3K (±1% cap)

NOI $24,620 @ 7.0% cap · market cap 6.84%

Theoretical Best

Office A

$536.8K

$469.7K – $626.3K (±1% cap)

NOI $37,576 @ 7.0% cap · market cap 10.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Quadplexes

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Demographics for 00730, PR

30,521

Population

17,177

Households

1.8

Avg Household Size

47

Median Age

30%

College-Educated

80%

High-School Grad

6.6 sq mi

ZIP Area

4,624

Density / Sq Mi

$18,077

Median Household Income

$18,722

Median Earnings

$496

Median Rent

$100,700

Median Home Value

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022

8.3% 2023

9.3% 2024

9.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Four-level multifamily property with separate water and electric meters serving the existing units.

Where is this quadplex located?

The property is located at Calle Cantera Mayor #35 Bo Sexto Ponce, PR.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: Four‑level quadplex with four existing units and stated potential for 6 or 8 apartments; Approximately 3,300 SqFt of building area on a 0.068‑acre parcel; Levels 1 and 2 each offer a 3‑bedroom, 2‑bathroom unit