Remodeled Three-Unit
215 COLTON, San Juan, PR 00915
For Sale
$289,900
Residential Income, SAN JUAN, PRI
Property Size2,700 SF
Lot Size0.06 Acres
Price / SF$107.37
Days on Market191
Property Features for 215 COLTON
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
MARES - MANAGEMENT REALTY EXPERT
(939) 287-7097
Listed By:
Mayte Sotomayor Alonso · License PR #17905
(787) 782-4444
Added: May 4
Changed: Nov 6
Last Checked: Nov 10 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This concrete triplex contains three separate residential units within approximately 2,700 square feet. The property was recently remodeled and includes aluminum doors with frosted glass, solid wood cabinets, electric heating, and a concrete roof. Each unit has its own water and electric meter. Kitchens are equipped with refrigerators, stoves, and tankless water heaters; one unit also includes air conditioning, while the second-floor residence adds ceiling fans, a private balcony, and a covered terrace.
Built in 1960, the property sits on a 0.06-acre corner parcel at 215 Colton in San Juan, Puerto Rico. Public water and public sewer serve the property, and the zoning is R-1. The three-unit configuration and separate utility metering provide a clearly defined multifamily layout.
Built in 1960, the property sits on a 0.06-acre corner parcel at 215 Colton in San Juan, Puerto Rico. Public water and public sewer serve the property, and the zoning is R-1. The three-unit configuration and separate utility metering provide a clearly defined multifamily layout.
Key Highlights
- Three separate residential units in a 2,700‑square‑foot triplex
- Each unit has its own water and electric meter
- Recently remodeled concrete property built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,033
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,660
$480.7K
Cap Rate 7%
$343,329
$343.3K
Cap Rate 9%
$267,033
$267.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$45.9K $17.00/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$43.7K $16.18/SF
− OpEx
−$19.7K −$7.28/SF
NOI
$24.0K $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%
$480,660
Cap Rate 7%
$343,329
Cap Rate 9%
$267,033
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 00915, PR
25,075
Population
15,402
Households
1.6
Avg Household Size
44
Median Age
14%
College-Educated
67%
High-School Grad
1.4 sq mi
ZIP Area
17,911
Density / Sq Mi
$14,502
Median Household Income
$13,758
Median Earnings
$517
Median Rent
$109,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in San Juan County, PR
Properties on Market for Triplexes in San Juan County
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Triplex - Corner multifamily property with separately metered units, residential zoning, and furnished kitchen appliances.
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: Three separate residential units in a 2,700‑square‑foot triplex; Each unit has its own water and electric meter; Recently remodeled concrete property built in 1960
