Remodeled Quadplex with
1002 MADRID STREET, San Juan, PR 00925
For Sale
$650,000
Residential Income, SAN JUAN, PRI
Property Size3,000 SF
Lot Size0.08 Acres
Price / SF$216.67
Days on Market326
Property Features for 1002 MADRID STREET
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Patio and Porch features
Interior features
Exterior features
Fencing
Subdivision
Lot features
View
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Water source
Amenities
rooftop terrace
courtyard
common laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
MICHAEL MCCARTY
Listed By:
Michael McCarty · License PR #11386
(787) 398-3174
Added: Dec 20, 2025
Changed: Nov 6
Last Checked: Nov 10 at 11:06PM
MLS# PR9118144
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This remodeled quadplex comprises three concrete buildings organized around a central courtyard. The layout includes two four-bedroom, two-bathroom apartments and two studio apartments, providing 10 bedrooms and 6 1/2 bathrooms across approximately 3,000 square feet. A shared laundry room includes an additional half bathroom, while the main building offers a rooftop terrace and two separate parking areas.
The 1,200 square foot rooftop terrace and 500 square foot courtyard add outdoor amenity space. Each parking area accommodates up to 3 vehicles in a nose-to-tail arrangement. Interior features include tile flooring, high ceilings, ceiling fans, an open floor plan, and combined living and dining areas. The property also includes balconies, patios, fencing, public water, public sewer, and a concrete roof.
Located at 1002 Madrid Street in San Juan, the property is near businesses, attractions, the University of Puerto Rico, and the Botanical Garden. Zoning is identified as RESIDENTIA.
The 1,200 square foot rooftop terrace and 500 square foot courtyard add outdoor amenity space. Each parking area accommodates up to 3 vehicles in a nose-to-tail arrangement. Interior features include tile flooring, high ceilings, ceiling fans, an open floor plan, and combined living and dining areas. The property also includes balconies, patios, fencing, public water, public sewer, and a concrete roof.
Located at 1002 Madrid Street in San Juan, the property is near businesses, attractions, the University of Puerto Rico, and the Botanical Garden. Zoning is identified as RESIDENTIA.
Key Highlights
- Four living units: two 4‑bedroom apartments and two studio apartments
- 10 bedrooms and 6 1/2 bathrooms across approximately 3,000 square feet
- 1,200 square foot rooftop terrace on the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,665
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,300
$613.3K
Cap Rate 7%
$438,071
$438.1K
Cap Rate 9%
$340,722
$340.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.9K $15.30/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$43.8K $14.60/SF
− OpEx
−$13.1K −$4.38/SF
NOI
$30.7K $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 Rate 5%
$613,300
Cap Rate 7%
$438,071
Cap Rate 9%
$340,722
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.3K – $511.1K
NOI $30,665 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$381.5K
$333.8K – $445.1K
NOI $26,704 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$734.4K
$642.6K – $856.8K
NOI $51,408 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Demographics for 00925, PR
5,501
Population
4,627
Households
1.2
Avg Household Size
39
Median Age
39%
College-Educated
72%
High-School Grad
0.4 sq mi
ZIP Area
13,753
Density / Sq Mi
$14,940
Median Household Income
$12,293
Median Earnings
$581
Median Rent
$142,900
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units occupy three concrete buildings arranged around a central courtyard in San Juan.
Where is this quadplex located?
The property is located at 1002 MADRID STREET San Juan, PR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four living units: two 4‑bedroom apartments and two studio apartments; 10 bedrooms and 6 1/2 bathrooms across approximately 3,000 square feet; 1,200 square foot rooftop terrace on the main building
