Two-Unit Residential
24 AVE LAUREL, San Juan, PR 00956
For Sale
$315,000
The two residences offer a three-bedroom, two-bath layout and a separate two-bedroom, one-bath layout.
Property Size1,300 SF
Price / SF$242.31
Days on Market63
Property Features for 24 AVE LAUREL
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
spacious yard
outdoor storage area
Building Details
Building Size
Year Built
Listing Agency:
MARES - MANAGEMENT REALTY EXPERT
Listed By:
Mayte Sotomayor Alonso · License #17905
(939) 287-7097
Source:
Islandandkey
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 8 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARES - MANAGEMENT REALTY EXPERT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1970-built duplex contains two residential units: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. The property also includes a yard and exterior storage space.
The corner property is across from Bayamon Regional Hospital. Commercial conversion may be considered subject to required permits, zoning regulations, and approvals.
The corner property is across from Bayamon Regional Hospital. Commercial conversion may be considered subject to required permits, zoning regulations, and approvals.
Key Highlights
- Two residential units with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts
- Across from Bayamon Regional Hospital
- Corner property with yard and outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,288
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,760
$265.8K
Cap Rate 7%
$189,829
$189.8K
Cap Rate 9%
$147,644
$147.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$19.9K $15.30/SF
− Vacancy
−$907 −$0.70/SF
EGI
$19.0K $14.60/SF
− OpEx
−$5.7K −$4.38/SF
NOI
$13.3K $10.22/SF
Area
San Juan, PR
Vacancy
4.56%
Lease Rate
$15.30 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,760
Cap Rate 7%
$189,829
Cap Rate 9%
$147,644
Alternative Uses
Best Use
Multifamily LT 5
$189.8K
$166.1K – $221.5K
NOI $13,288 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$165.3K
$144.7K – $192.9K
NOI $11,572 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$318.2K
$278.5K – $371.3K
NOI $22,277 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Demographics for 00956, PR
72,353
Population
31,649
Households
2.3
Avg Household Size
45
Median Age
29%
College-Educated
83%
High-School Grad
27.4 sq mi
ZIP Area
2,641
Density / Sq Mi
$28,674
Median Household Income
$21,111
Median Earnings
$645
Median Rent
$134,800
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer a three-bedroom, two-bath layout and a separate two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 24 AVE LAUREL San Juan, PR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residential units with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts; Across from Bayamon Regional Hospital; Corner property with yard and outdoor storage
