Three-Unit Triplex with
For Sale
$385,000
Hato Rey Central, San Juan, PR 00918
House, Hato Rey Central, San Juan, PR
Property Size2,337 SF
Lot Size0.01 Acres
Price / SF$164.74
Days on Market111
Property Features for Hato Rey Central
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 3
Parking
2
Parking features
Garage
Exterior features
Quiet Area
Lot features
Terrace
Subdivision
Roosevelt (Urbanizacion)
Standard status
Active
Size
2,337 SF
Lot size
0.01 Acres
Building Details
Year built
1946
Listing Agency:
PMI Puerto Rico, Inc
(787) 417-2116
Listed By:
Natalia Jimenez
(787) 291-0086
Added: May 22
Changed: Sep 7
Last Checked: Sep 9 at 4:06PM
MLS# 65011
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 triplex contains 2,337 square feet across three floors, with one residential unit on each level. Each unit includes two bedrooms and one bathroom, creating a consistent three-unit configuration. The property also includes a garage and was built in 1946.
Positioned on a corner lot in the Roosevelt Urbanization within Hato Rey, the property is located in San Juan, PR 00918. Utility infrastructure includes two electricity meters and one water meter. The compact 0.005-acre parcel supports the existing vertical layout and three-unit arrangement.
Positioned on a corner lot in the Roosevelt Urbanization within Hato Rey, the property is located in San Juan, PR 00918. Utility infrastructure includes two electricity meters and one water meter. The compact 0.005-acre parcel supports the existing vertical layout and three-unit arrangement.
Key Highlights
- Three‑unit triplex with one unit on each of 3 floors
- Each unit includes 2 bedrooms and 1 bathroom
- 2,337 square feet of building area
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
$23,888
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
6.20%
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%
$477,760
$477.8K
Cap Rate 7%
$341,257
$341.3K
Cap Rate 9%
$265,422
$265.4K
Market Conditions
NOI Build-Up for 2,337 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
$35.8K $15.30/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$34.1K $14.60/SF
− OpEx
−$10.2K −$4.38/SF
NOI
$23.9K $10.22/SF
Area
San Juan, PR
Vacancy
4.56%
Lease Rate
$15.30 /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%
$477,760
Cap Rate 7%
$341,257
Cap Rate 9%
$265,422
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.1K
NOI $23,888 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$297.2K
$260.0K – $346.7K
NOI $20,802 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$572.1K
$500.6K – $667.5K
NOI $40,047 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 00918, PR
17,439
Population
10,830
Households
1.6
Avg Household Size
47
Median Age
60%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,459
Density / Sq Mi
$36,872
Median Household Income
$40,828
Median Earnings
$628
Median Rent
$216,600
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Corner multifamily property with garage parking and a three-floor residential layout.
Where is this triplex located?
The property is located at Hato Rey Central San Juan, PR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Three‑unit triplex with one unit on each of 3 floors; Each unit includes 2 bedrooms and 1 bathroom; 2,337 square feet of building area
