Remodeled Corner Income
215 COLTON San Juan, PR 00915
For Sale
$289,900
MULTI_FAMILY - SAN JUAN, PR
Property Size2,700 SF
Lot Size0.06 Acres
Price / SF$107.37
Days on Market84
Property Features for 215 COLTON
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R-1
- Bedrooms
- 18
- Bathrooms
- 6
- Rooms
- Bedroom 13, Bedroom 14, Bedroom 17, Bedroom 7, Bedroom 3, Bathroom 4, Bedroom 10, Bedroom 2, Bedroom 12, Bathroom 3, Bedroom 18, Bedroom 8, Bathroom 5, Bathroom 1, Bedroom 11, Bedroom 15, Bathroom 2, Bathroom 6, Bedroom 9, Bedroom 4, Bedroom 1, Bedroom 16, Bedroom 5, Bedroom 6
- Interior features
- Solid Wood Cabinets
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 041-063-348-18-901
- Size
- 2,700 SF
- Lot size
- 0.06 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Concrete
- Roof type
- Concrete
Listing Agency:
MARES - MANAGEMENT REALTY EXPERT
(939) 287-7097
Listed By:
Mayte Sotomayor Alonso · License #17905
(787) 782-4444
Added: May 4
Changed: Jul 22
Last Checked: Jul 26 at 9:06AM
MLS# PR9121083
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 remodeled corner triplex is offered as an income-producing investment with three separate units. Each unit has its own water and electric meters. The property features aluminum doors with frosted glass and benefits from abundant natural light and ventilation.
Unit 1 includes three bedrooms, a living room, dining room, and kitchen, plus one bathroom and a laundry area. Unit 1 also includes a refrigerator, stove, and tankless water heater. Unit 2 has three bedrooms, a living room, dining room, and kitchen, plus one bathroom and a laundry area, with a refrigerator, stove, tankless water heater, and A/C. The second-floor Unit 3 includes three bedrooms, one bathroom, a living room, dining room, and kitchen, with a refrigerator, stove, tankless water heater, air conditioning, ceiling fans, and a private balcony with a covered terrace.
Set on a corner lot, the property is described as having visibility and accessibility attributed to its corner location.
Unit 1 includes three bedrooms, a living room, dining room, and kitchen, plus one bathroom and a laundry area. Unit 1 also includes a refrigerator, stove, and tankless water heater. Unit 2 has three bedrooms, a living room, dining room, and kitchen, plus one bathroom and a laundry area, with a refrigerator, stove, tankless water heater, and A/C. The second-floor Unit 3 includes three bedrooms, one bathroom, a living room, dining room, and kitchen, with a refrigerator, stove, tankless water heater, air conditioning, ceiling fans, and a private balcony with a covered terrace.
Set on a corner lot, the property is described as having visibility and accessibility attributed to its corner location.
Key Highlights
- Corner multifamily property with 3 separate units, each with its own water and electric meters
- Each unit includes a tankless water heater; Unit 2 also has A/C
- Unit 3 (second floor) features air conditioning and ceiling fans, plus a private balcony and covered terrace
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $17.00 |
| − Vacancy | −$2.2k | −$0.82 |
| EGI | $43.7k | $16.18 |
| − OpEx | −$19.7k | −$7.28 |
| NOI | $24.0k | $8.90 |
2,700 SF · lease $17.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.0K – $460.0K
NOI $27,598 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 8.29%
Theoretical Best
Specialty Retail
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Turnkey triplex with three units and separate water and electric meters on a corner lot in San Juan, PR.
Where is this triplex located?
The property is located at 215 COLTON San Juan, PR.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Corner multifamily property with 3 separate units, each with its own water and electric meters; Each unit includes a tankless water heater; Unit 2 also has A/C; Unit 3 (second floor) features air conditioning and ceiling fans, plus a private balcony and covered terrace
