Remodeled Multifamily Corner
215 COLTON San Juan 00915
215 COLTON, San Juan, 00915
$289,900
For Sale
$289,900
Triplex - SAN JUAN, PR
Property Size2,700 SF
Lot Size0.06 Acres
Price / SF$107.37
Days on Market75
Property Features for 215 COLTON
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R-1
- Bedrooms
- 18
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- 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
- Heating system
- Electric (Heating)
- Cooling system
- Ductless, Multi Units
Building Details
- Year built
- 1960
- Number of units
- 3
- Building materials
- Concrete
- Roof type
- Concrete
- Architectural style
- Other
Listing Agency
MARES - MANAGEMENT REALTY EXPERT
(939) 287-7097
J-12 1 ST, SAN JUAN
Listed by
Mayte Sotomayor Alonso · License #17905
(787) 782-4444
Added: May 4 Checked: Jul 17 at 8:06 am
MLS# PR9121083
Listing URL
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 corner multifamily property presents an income-producing investment opportunity. The property has been fully remodeled and features three separate units, each equipped with its own water and electric meters. Unit 1 includes 3 bedrooms, a living room, a dining room, a kitchen, a bathroom, and a laundry area, and comes with a refrigerator, stove, and tankless water heater. Unit 2 also offers 3 bedrooms, a living room, a dining room, a kitchen, a bathroom, and a laundry area, and includes a refrigerator, stove, tankless water heater, and air conditioning. Located on the second floor, Unit 3 features 3 bedrooms, a bathroom, a living room, a dining room, and a kitchen, along with a refrigerator, stove, tankless water heater, air conditioning, ceiling fans, a private balcony, and a covered terrace. The property benefits from excellent natural light and ventilation, enhanced by aluminum doors with frosted glass. Its corner location provides great visibility and accessibility. The lot size is 0.06 acres, and the property size is 2700 square feet. This turnkey investment is located in San Juan, PR 00915.
Key Highlights
- Income‑producing multifamily property, ideal for investors seeking immediate cash flow.
- Three separate units, each with its own water and electric meters.
- Recently remodeled and well‑maintained property.
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Income-producing triplex with three separate units and individual meters.
Where is this triplex located?
The property is located at 215 COLTON San Juan.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Income‑producing multifamily property, ideal for investors seeking immediate cash flow.; Three separate units, each with its own water and electric meters.; Recently remodeled and well‑maintained property.
