Building Details

Year built 1978

Listing Agency: KW Puerto Rico Show Phone

Listed By: Luis Daniel Valentin Gutierrez Show Phone

Added: Jul 15 Changed: Sep 8 Last Checked: Sep 9 at 2:06AM

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MLS# PRKW8CED00

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 two-story triplex contains three independent residences within a 4,500-square-foot property on 0.074 acres, built in 1978. The first unit includes a game room, living and family rooms, kitchen, two bathrooms, laundry room, and four air-conditioning units. The second offers two bedrooms, a bathroom, kitchen, two levels, an interior staircase, and a front balcony. The third includes two bedrooms, a bathroom, a backyard, a second level, and closets.

The property is in Country Club Carolina Urbanization, approximately 3 minutes from the airport. All three residences currently operate through Airbnb, with full bookings reported. Included furnishings and equipment comprise bedroom sets, refrigerators, stoves, patio furniture, dishes, and air conditioners. The property has one water meter and one electricity meter.

Key Highlights

• Three independent residences within a 4,500‑square‑foot, two‑story triplex
• 0.074‑acre property built in 1978
• Approximately 3 minutes from the airport in Country Club Carolina Urbanization

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

$37,110

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

8.25%

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%

$742,200 $742.2K

Cap Rate 7%

$530,143 $530.1K

Cap Rate 9%

$412,333 $412.3K

Market Conditions

NOI Build-Up for 4,500 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

$56.7K $12.60/SF

− Vacancy

−$3.7K −$0.82/SF

EGI

$53.0K $11.78/SF

− OpEx

−$15.9K −$3.53/SF

NOI

$37.1K $8.25/SF

Area

Carolina, 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%

$742,200

Cap Rate 7%

$530,143

Cap Rate 9%

$412,333

Alternative Uses

Best Use

Multifamily LT 5

$530.1K

$463.9K – $618.5K (±1% cap)

NOI $37,110 @ 7.0% cap · market cap 8.25%

Second Best

Apartment 5plus

$479.6K

$419.7K – $559.6K (±1% cap)

NOI $33,573 @ 7.0% cap · market cap 7.46%

Theoretical Best

Office A

$933.9K

$817.2K – $1.09M (±1% cap)

NOI $65,375 @ 7.0% cap · market cap 14.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Triplexes

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Demographics for 00983, PR

31,889

Population

16,240

Households

2

Avg Household Size

46

Median Age

31%

College-Educated

90%

High-School Grad

4.3 sq mi

ZIP Area

7,416

Density / Sq Mi

$33,930

Median Household Income

$22,188

Median Earnings

$601

Median Rent

$156,400

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 triplexes 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?

Triplex - Three separate residences are furnished and equipped for short-term rental operations.

Where is this triplex located?

The property is located at Urb Country Club Calle 149 C20 Carolina, PR.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Three independent residences within a 4,500‑square‑foot, two‑story triplex; 0.074‑acre property built in 1978; Approximately 3 minutes from the airport in Country Club Carolina Urbanization