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Six-Unit Apartment Building
For Sale
$1,595,000

Ocean Park, San Juan, PR 00914

House, Ocean Park, San Juan, PR

Property Size3,300 SF
Lot Size0.01 Acres
Price / SF$483.33
Days on Market25

Property Features for Ocean Park

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 5, Bathroom 1, Bathroom 5, Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 6, Bedroom 2, Bathroom 2
Parking 2
Interior features Water reserve tank, Guard 24 hours, Short term rentals allowed / air bnb
Exterior features Dead End Street, Quiet Area
Lot features Garden, Terrace, Balcony
Subdivision Santa Teresita (Urbanizacion)
Standard status Active
Size 3,300 SF
Lot size 0.01 Acres

Amenities

solar panels
coin-operated communal laundry

Building Details

Year built 1968
Listing Agency: BP Realty, DBA
Listed By: Brenda Perez-Marrero
Added: Aug 16 Changed: Sep 4 Last Checked: Sep 9 at 2:06AM
MLS# 66106

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Investment Insights

Based on property information with market context.

This 3,300-square-foot multifamily property in Ocean Park, San Juan, contains six apartments within a 1968-built structure. The unit mix includes two two-bedroom, one-bath apartments, three one-bedroom, one-bath apartments, and one studio. Five units are currently generating income, while the owner occupies one two-bedroom apartment. Short-term rentals are allowed, and the property has operated on Airbnb since 2011 with nearly 2,000 reviews and a 4.89 rating.

Property features include solar panels paired with three Tesla batteries, a water reserve tank, 24-hour security, and a communal coin-operated laundry area. The property occupies a 0.0149-acre lot on Calle Teniente Matta in Ocean Park and is situated on a dead-end street in a quiet area.

Key Highlights

  • Six apartments totaling 3,300 square feet
  • Unit mix includes (2) 2BR/1BA, (3) 1BR/1BA, and (1) studio
  • Five units currently generate income; owner occupies one 2BR/1BA unit

Property Analytics

Current Use

Short term rental ...

Lease Details

6
Residential units
Turnkey business
Opportunity

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022
8.3% 2023
9.3% 2024
9.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Established multifamily property with solar panels, Tesla battery storage, and shared coin-operated laundry.
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 $1,595,000.
What are key features of this property?
This property features: Six apartments totaling 3,300 square feet; Unit mix includes (2) 2BR/1BA, (3) 1BR/1BA, and (1) studio; Five units currently generate income; owner occupies one 2BR/1BA unit
More about this property
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