5-Unit Multifamily
151 Calle Las Palomas, San Juan, PR 00911
For Sale
$590,000
Residential, San Juan, PRI
Property Size3,600 SF
Lot Size0.09 Acres
Price / SF$163.89
Days on Market32
Property Features for 151 Calle Las Palomas
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Hector Baez Real Estate
Listed By:
Hector Baez
(787) 236-9560
Added: Oct 7
Changed: Nov 6
Last Checked: Nov 7 at 3:06AM
MLS# PRA6AC00
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.
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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 3,600-square-foot multifamily property consists of two adjoining houses on a 0.085-acre lot. The five units include a two-level house with four bedrooms, three bathrooms and two kitchens, plus a second house containing three apartments. Up to five parking spaces are available on the property. One unit currently operates as an Airbnb, and another is close to being ready for use. Plumbing and electrical systems have been updated, except on the second floor of the second house, which requires renovation.
The property is near Calle Loíza and a short drive from Condado. It has three electric meters and three water meters.
The property is near Calle Loíza and a short drive from Condado. It has three electric meters and three water meters.
Key Highlights
- Five residential units across two adjoining houses
- 3,600 square feet of construction on a 0.085‑acre lot
- Up to 5 parking spaces on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,044
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,880
$640.9K
Cap Rate 7%
$457,771
$457.8K
Cap Rate 9%
$356,044
$356.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$61.2K $17.00/SF
− Vacancy
−$2.9K −$0.82/SF
EGI
$58.3K $16.18/SF
− OpEx
−$26.2K −$7.28/SF
NOI
$32.0K $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%
$640,880
Cap Rate 7%
$457,771
Cap Rate 9%
$356,044
Alternative Uses
Best Use
Apartment 5plus
$457.8K
$400.6K – $534.1K
NOI $32,044 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$881.3K
$771.1K – $1.03M
NOI $61,690 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Utilities to site
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.
Frequently Asked Questions
What type of property is this?
Apartment building - Two connected houses provide five residential units and on-site parking in Santurce.
Where is this apartment building located?
The property is located at 151 Calle Las Palomas San Juan, PR.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Five residential units across two adjoining houses; 3,600 square feet of construction on a 0.085‑acre lot; Up to 5 parking spaces on site
