Two-Unit Duplex with Private
310 CALLE TAPIA, San Juan, PR 00912
For Sale
$450,000
Currently operated as a short-term rental, the property contains two separate residential units with kitchens and living areas.
Property Size1,855 SF
Price / SF$242.59
Days on Market221
Property Features for 310 CALLE TAPIA
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Currently Operating
Building Details
Building Size
Year Built
Buildings
Listing Agency:
BLUE WATERS REALTY
Listed By:
Claudia Rosario Torres
(787) 364-4924
Source:
Nest-lux
Added: Apr 1
Changed: Nov 7
Last Checked: Nov 7 at 12:48PM
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 BLUE WATERS REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,855-square-foot duplex, built in 1980, is configured as two residences. The first has four bedrooms, two bathrooms, a living room, dining room, and kitchen. The second-floor apartment includes two bedrooms, one bathroom, living and dining areas, a kitchen, and a private terrace. The property is currently operating as a short-term rental. Parking is not included.
At 310 Calle Tapia in Santurce, the property is next to Casita Blanca Restaurant and about a five-minute drive from the beach. Old San Juan, Castillo San Felipe del Morro, Distrito T-Mobile, Condado Beach, and the Coliseo de Puerto Rico José Miguel Agrelot are also identified as nearby destinations. Public transportation and major roads are accessible, with hospitals, schools, supermarkets, and commercial areas in the surrounding area.
At 310 Calle Tapia in Santurce, the property is next to Casita Blanca Restaurant and about a five-minute drive from the beach. Old San Juan, Castillo San Felipe del Morro, Distrito T-Mobile, Condado Beach, and the Coliseo de Puerto Rico José Miguel Agrelot are also identified as nearby destinations. Public transportation and major roads are accessible, with hospitals, schools, supermarkets, and commercial areas in the surrounding area.
Key Highlights
- Two residential units: one with 4 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- Second‑floor apartment includes a private terrace
- 1,855 square feet; built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,961
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,220
$379.2K
Cap Rate 7%
$270,871
$270.9K
Cap Rate 9%
$210,678
$210.7K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$28.4K $15.30/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$27.1K $14.60/SF
− OpEx
−$8.1K −$4.38/SF
NOI
$19.0K $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%
$379,220
Cap Rate 7%
$270,871
Cap Rate 9%
$210,678
Alternative Uses
Best Use
Multifamily LT 5
$270.9K
$237.0K – $316.0K
NOI $18,961 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$235.9K
$206.4K – $275.2K
NOI $16,512 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$454.1K
$397.3K – $529.8K
NOI $31,787 @ 7.0% cap · market cap 7.06%
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 00912, PR
5,786
Population
3,728
Households
1.6
Avg Household Size
45
Median Age
40%
College-Educated
83%
High-School Grad
0.4 sq mi
ZIP Area
14,465
Density / Sq Mi
$29,418
Median Household Income
$20,238
Median Earnings
$698
Median Rent
$139,600
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Duplex - Currently operated as a short-term rental, the property contains two separate residential units with kitchens and living areas.
Where is this duplex located?
The property is located at 310 CALLE TAPIA San Juan, PR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residential units: one with 4 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; Second‑floor apartment includes a private terrace; 1,855 square feet; built in 1980
