Three-Story Apartment
153 DEL PARQUE Street, San Juan, PR 00907
For Sale
$1,400,000
Commercial Sale, SAN JUAN, PRI
Property Size3,618 SF
Lot Size0.07 Acres
Price / SF$386.95
Days on Market70
Property Features for 153 DEL PARQUE Street
General Information
Property type
Property subtype
Zoning
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Water source
Amenities
laundry
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
PUERTO RICO HOMES 4 SALE
Listed By:
Ramon Ferreira Centurion · License PR #15135
(787) 460-4388
Added: Sep 2
Changed: Oct 20
Last Checked: Nov 10 at 2:06AM
MLS# PR9123929
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story apartment building contains six residential apartments, including five two-bedroom units and one one-bedroom unit. The property has reinforced concrete construction, ceramic tile flooring, a metal roof, and a 1,458-square-foot basement used for storage and laundry. The basement offers additional functional space within the building. The property was built in 1966 and has electricity available, public water, and public sewer.
Located in San Juan’s Ocean Park area, the building is two blocks from Ocean Park beach, described as a five-minute walk. Restaurants, a 24-hour supermarket, pharmacies, banks, and dry cleaners are within the surrounding neighborhood, with major avenues and highways accessible nearby. The property is zoned R and occupies 0.07 acres.
Located in San Juan’s Ocean Park area, the building is two blocks from Ocean Park beach, described as a five-minute walk. Restaurants, a 24-hour supermarket, pharmacies, banks, and dry cleaners are within the surrounding neighborhood, with major avenues and highways accessible nearby. The property is zoned R and occupies 0.07 acres.
Key Highlights
- Six apartments: five two‑bedroom units and one one‑bedroom unit
- 1,458‑square‑foot basement currently used for storage and laundry
- Three‑story reinforced concrete construction with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,648
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,960
$853.0K
Cap Rate 7%
$609,257
$609.3K
Cap Rate 9%
$473,867
$473.9K
Market Conditions
NOI Build-Up for 3,618 SF
Gross rent
$81.6K $22.56/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$77.5K $21.43/SF
− OpEx
−$34.9K −$9.64/SF
NOI
$42.6K $11.79/SF
Area
ZIP 00907
Vacancy
5.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,960
Cap Rate 7%
$609,257
Cap Rate 9%
$473,867
Alternative Uses
Best Use
Apartment 5plus
$609.3K
$533.1K – $710.8K
NOI $42,648 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$965.7K
$845.0K – $1.13M
NOI $67,599 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Demographics for 00907, PR
16,864
Population
12,722
Households
1.3
Avg Household Size
50
Median Age
61%
College-Educated
92%
High-School Grad
2.0 sq mi
ZIP Area
8,432
Density / Sq Mi
$42,116
Median Household Income
$30,551
Median Earnings
$1,020
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Apartment building - Concrete multifamily property with six apartments, a storage and laundry basement, and public utilities near Ocean Park beach.
Where is this apartment building located?
The property is located at 153 DEL PARQUE Street San Juan, PR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Six apartments: five two‑bedroom units and one one‑bedroom unit; 1,458‑square‑foot basement currently used for storage and laundry; Three‑story reinforced concrete construction with a metal roof
