Remodeled Triplex with Three
42 Avenida Jose Severo Quinones, Carolina, PR 00985
For Sale
$315,000
Residential, Carolina, PRI
Property Size1,900 SF
Lot Size0.05 Acres
Price / SF$165.79
Days on Market72
Property Features for 42 Avenida Jose Severo Quinones
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Listing Agency:
Alexis Figueroa Real Estate
Listed By:
Alexis Figueroa
(787) 969-2327
Added: Aug 31
Changed: Nov 6
Last Checked: Nov 10 at 10:06PM
MLS# PRFB2300
Copyright © 2026 Amplia 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 1,900-square-foot triplex contains three distinct residential units, offering a varied configuration for multifamily ownership. The unit mix includes a three-bedroom, 1.5-bath residence, a one-bedroom, one-bath residence, and a studio apartment. The property was built in 2000 and has been recently remodeled.
Cooling is provided through central air and wall-mounted units, with 6 air-conditioning units serving the property. On-site parking accommodates 4 vehicles. The property is located at 42 Avenida Jose Severo Quinones in Carolina, Puerto Rico, approximately 15 minutes from the airport. The studio unit is currently rented, adding an existing occupancy component to the three-unit configuration.
Cooling is provided through central air and wall-mounted units, with 6 air-conditioning units serving the property. On-site parking accommodates 4 vehicles. The property is located at 42 Avenida Jose Severo Quinones in Carolina, Puerto Rico, approximately 15 minutes from the airport. The studio unit is currently rented, adding an existing occupancy component to the three-unit configuration.
Key Highlights
- 1,900 square feet across a three‑unit triplex
- Unit mix includes 3 bedrooms and 1.5 bathrooms, 1 bedroom and 1 bathroom, plus a studio
- Recently remodeled property built in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,669
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,380
$313.4K
Cap Rate 7%
$223,843
$223.8K
Cap Rate 9%
$174,100
$174.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$23.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.4K $11.78/SF
− OpEx
−$6.7K −$3.53/SF
NOI
$15.7K $8.25/SF
Area
Carolina, PR
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,380
Cap Rate 7%
$223,843
Cap Rate 9%
$174,100
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$394.3K
$345.0K – $460.1K
NOI $27,603 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Demographics for 00985, PR
31,250
Population
15,006
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
3,397
Density / Sq Mi
$35,012
Median Household Income
$20,977
Median Earnings
$554
Median Rent
$144,900
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Triplex - Recently remodeled multifamily property with central and wall-mounted air conditioning.
Where is this triplex located?
The property is located at 42 Avenida Jose Severo Quinones Carolina, 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: 1,900 square feet across a three‑unit triplex; Unit mix includes 3 bedrooms and 1.5 bathrooms, 1 bedroom and 1 bathroom, plus a studio; Recently remodeled property built in 2000
