Nine-Unit Multifamily Income
2256 Cacique San Juan, PR 00913
2256 Cacique, San Juan, PR, 00913
$1,800,000
For Sale
$1,800,000
COMMERCIAL - San Juan, PR
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$300
Days on Market154
Property Features for 2256 Cacique
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 9
- Rooms
- Bathroom 4, Bathroom 8, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 9
- Standard status
- Active
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Floors in Building
- 2
- Flooring type
- Tile
Listing Agency
eXp Realty Puerto Rico
(939) 697-6300
Calle 1 Suite 204 Metro Office Park 7, Guaynabo, PR
Listed by
Wanda Garcia
Added: Feb 12 Checked: Jul 16 at 3:06 pm
MLS# 11654067
Listing URL
Copyright © 2026 My State 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 nine-unit multifamily property contains 1 studio unit, 6 one-bedroom units, and 2 two-bedroom units. The building offers approximately 6,000 square feet of construction area. The current offering is presented as an income-focused asset with stated potential for upgrades and rent increases, with flexibility for either traditional leasing or short-term rental use.
The property is located in Santa Teresita, Ocean Park, Puerto Rico, with the seller describing it as steps from the beach. The listing also notes year-round tourist activity supported by proximity to Condado, Isla Verde, and LMM Airport, positioning the building for either long-term tenants or vacation-style occupancy.
For investors or operators seeking a small residential income property with a mixed unit mix, the configuration supports multiple tenant and stay-length scenarios. The public remarks further indicate potential eligibility for tax benefits under Act 60 for Puerto Rico residents and investors. As presented, the asset may appeal to buyers looking for a hands-on multifamily or short-term rental strategy where unit upgrades can be considered to support future income objectives.
The property is located in Santa Teresita, Ocean Park, Puerto Rico, with the seller describing it as steps from the beach. The listing also notes year-round tourist activity supported by proximity to Condado, Isla Verde, and LMM Airport, positioning the building for either long-term tenants or vacation-style occupancy.
For investors or operators seeking a small residential income property with a mixed unit mix, the configuration supports multiple tenant and stay-length scenarios. The public remarks further indicate potential eligibility for tax benefits under Act 60 for Puerto Rico residents and investors. As presented, the asset may appeal to buyers looking for a hands-on multifamily or short-term rental strategy where unit upgrades can be considered to support future income objectives.
Key Highlights
- 9‑unit multifamily property in Santa Teresita, Ocean Park, Puerto Rico
- Unit mix: 1 studio, 6 one‑bedroom units, and 2 two‑bedroom units
- Approx. 6,000 sqft of construction area
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 | $102.0k | $17.00 |
| − Vacancy | −$4.9k | −$0.82 |
| EGI | $97.1k | $16.18 |
| − OpEx | −$43.7k | −$7.28 |
| NOI | $53.4k | $8.90 |
6,000 SF · lease $17.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$763.0K
$667.6K – $890.1K
NOI $53,407 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Nine-unit apartment building with studio and 1- and 2-bedroom units, offering flexibility for leasing or short-term rentals.
Where is this apartment building located?
The property is located at 2256 Cacique San Juan, PR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9‑unit multifamily property in Santa Teresita, Ocean Park, Puerto Rico; Unit mix: 1 studio, 6 one‑bedroom units, and 2 two‑bedroom units; Approx. 6,000 sqft of construction area
