Six-Unit Apartment
New
For Sale
$1,400,000
153 DEL PARQUE Street, San Juan, PR 00907
Commercial Sale, SAN JUAN, PRI
Property Size3,618 SF
Lot Size0.07 Acres
Price / SF$386.95
Days on Market7
Property Features for 153 DEL PARQUE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R
Basement
Finished
Directions
Exti airport
Subdivision
00907 - San Juan
Standard status
Active
APN
040-060-204-14
Size
3,618 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2170
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Amenities
laundry
storage
Building Details
Year built
1966
Number of units
6
Flooring type
Tile - Ceramic
Building materials
Concrete
Roof type
Metal
Listing Agency:
PUERTO RICO HOMES 4 SALE
Listed By:
Ramon Ferreira Centurion
(787) 460-4388
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 8 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This three-story multifamily property contains six residential apartments totaling 3,618 square feet. The unit mix includes five two-bedroom apartments and one one-bedroom apartment, with each unit averaging 602 square feet. Reinforced concrete construction, a galvanized steel and aluminum structural frame, a metal panel roof, and ceramic tile flooring define the building. Public water and public sewer serve the property, with electricity available.
A 1,458-square-foot basement provides storage and laundry space. The property occupies 0.07 acres at 153 Del Parque Street in San Juan, Puerto Rico. Ocean Park beach is approximately two blocks away, within a stated five-minute walk. Nearby surroundings include restaurants, a 24-hour supermarket, pharmacies, banks, and dry cleaners.
A 1,458-square-foot basement provides storage and laundry space. The property occupies 0.07 acres at 153 Del Parque Street in San Juan, Puerto Rico. Ocean Park beach is approximately two blocks away, within a stated five-minute walk. Nearby surroundings include restaurants, a 24-hour supermarket, pharmacies, banks, and dry cleaners.
Key Highlights
- Six residential apartments: five two‑bedroom units and one one‑bedroom unit
- 3,618 square feet across a three‑story building
- 1,458‑square‑foot basement used for storage and laundry
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
$42,648
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
3.05%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road 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.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story residential property with ceramic tile finishes, public utilities, and a separate basement for storage and laundry.
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 residential apartments: five two‑bedroom units and one one‑bedroom unit; 3,618 square feet across a three‑story building; 1,458‑square‑foot basement used for storage and laundry
