Five-Unit Apartment
For Sale
$1,200,000
Ocean Park, San Juan, PR 00911
House, Ocean Park, San Juan, PR
Property Size4,700 SF
Lot Size0.01 Acres
Price / SF$255.32
Days on Market8
Property Features for Ocean Park
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
7
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 5, Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6
Parking
3
Parking features
Open
Interior features
Storage Space
Exterior features
Recreation Nearby
Lot features
Balcony
Directions
NEAR BARBOSA TRACK & FIELD PARK
Subdivision
Condado (Sector)
Standard status
Active
Size
4,700 SF
Lot size
0.01 Acres
Building Details
Year built
1950
Additional Structures
Storage
Listing Agency:
ALEX PEREZ RUIZ
Listed By:
(787) 409-1445
Added: Sep 30
Last Checked: Oct 7 at 11:06AM
MLS# 66981
Copyright © 2026 Xposure. 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 4,700-square-foot apartment property contains five units: two two-bedroom apartments, two one-bedroom apartments, and a studio. One two-bedroom unit has two baths and an interior patio; the other has one bath and a terrace. Storage space and open parking are also listed, and the building dates to 1950. The property carries R-3 zoning.
Set in Ocean Park, San Juan, the property is described as walkable to the beach, Kasalta, and Loíza Street.
Set in Ocean Park, San Juan, the property is described as walkable to the beach, Kasalta, and Loíza Street.
Key Highlights
- Five‑unit multifamily property
- 4,700 square feet on a 0.0098‑acre lot
- Two‑bedroom, two‑bath unit with an interior patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,836
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,720
$836.7K
Cap Rate 7%
$597,657
$597.7K
Cap Rate 9%
$464,844
$464.8K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$79.9K $17.00/SF
− Vacancy
−$3.8K −$0.82/SF
EGI
$76.1K $16.18/SF
− OpEx
−$34.2K −$7.28/SF
NOI
$41.8K $8.90/SF
Area
San Juan, PR
Vacancy
4.80%
Lease Rate
$17.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,720
Cap Rate 7%
$597,657
Cap Rate 9%
$464,844
Alternative Uses
Best Use
Apartment 5plus
$597.7K
$523.0K – $697.3K
NOI $41,836 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,539 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Demographics for 00911, PR
7,496
Population
5,699
Households
1.3
Avg Household Size
49
Median Age
59%
College-Educated
87%
High-School Grad
0.5 sq mi
ZIP Area
14,992
Density / Sq Mi
$44,008
Median Household Income
$36,106
Median Earnings
$740
Median Rent
$384,900
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A compact multifamily property with varied apartment layouts and R-3 zoning.
Where is this apartment building located?
The property is located at Ocean Park San Juan, PR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five‑unit multifamily property; 4,700 square feet on a 0.0098‑acre lot; Two‑bedroom, two‑bath unit with an interior patio
