8-Unit Historic Short-Term Rental
610 CALLE HOARE, San Juan, PR 00907
For Sale
$2,195,000
A multi-building layout includes balcony-equipped upper-floor accommodations, shared laundry facilities, and gated parking.
Property Size5,880 SF
Days on Market26
Property Features for 610 CALLE HOARE
General Information
Standard status
Size
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Currently Operating
Amenities
balconies
laundry rooms
storage rooms
lounge/dining area
hot tub
landscaped passageways
artwork
café-style seating
Building Details
Building Size
Year Built
Buildings
Listing Agency:
REALTY OF AMERICA LLC
Listed By:
Miguel Tanuz Burgos
(305) 804-8744
Source:
Christiesrealestatepr
Added: Oct 20
Changed: Nov 13
Last Checked: Oct 26 at 5:35PM
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 REALTY OF AMERICA LLC
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 designated historic property comprises eight units across a front building and a rear building. The front building measures approximately 5,880 square feet and contains five two-bedroom units over three floors. Interior connections between four units on the lower two floors allow alternate arrangements, including combined four-bedroom layouts. The third-floor residence has front and rear balconies, ocean and city views, laundry and storage rooms, a lounge and dining area, and a hot tub. Two studios and a second-floor one-bedroom manager’s unit occupy the rear building, which also has laundry facilities.
Recent work includes Miami louvered windows, a concrete roof sealed in September 2025, mini-split air-conditioning units installed 2 to 3 years ago, and electric water heaters installed 1 to 3 years ago. Site features include a 1,000-gallon water cistern, five electric meters, three washers, three dryers, landscaped passageways with artwork and café-style seating, one gated side parking space, and a separate gated driveway with room for approximately five vehicles. The property is in Miramar, San Juan, minutes from Condado, Old San Juan, and the Convention District.
Recent work includes Miami louvered windows, a concrete roof sealed in September 2025, mini-split air-conditioning units installed 2 to 3 years ago, and electric water heaters installed 1 to 3 years ago. Site features include a 1,000-gallon water cistern, five electric meters, three washers, three dryers, landscaped passageways with artwork and café-style seating, one gated side parking space, and a separate gated driveway with room for approximately five vehicles. The property is in Miramar, San Juan, minutes from Condado, Old San Juan, and the Convention District.
Key Highlights
- Eight units across front and rear buildings, including two studios and a one‑bedroom manager’s unit
- Front building measures approximately 5,880 square feet and contains five two‑bedroom units
- Four lower‑floor units connect internally and can form combined four‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,311
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,220
$1.4M
Cap Rate 7%
$990,157
$990.2K
Cap Rate 9%
$770,122
$770.1K
Market Conditions
NOI Build-Up for 5,880 SF
Gross rent
$132.7K $22.56/SF
− Vacancy
−$6.6K −$1.13/SF
EGI
$126.0K $21.43/SF
− OpEx
−$56.7K −$9.64/SF
NOI
$69.3K $11.79/SF
Area
ZIP 00907
Vacancy
5.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,220
Cap Rate 7%
$990,157
Cap Rate 9%
$770,122
Alternative Uses
Best Use
Apartment 5plus
$990.2K
$866.4K – $1.16M
NOI $69,311 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,862 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Demographics for 00907, PR
16,864
Population
12,722
Households
1.3
Avg Household Size
50
Median Age
61%
College-Educated
92%
High-School Grad
2.0 sq mi
ZIP Area
8,432
Density / Sq Mi
$42,116
Median Household Income
$30,551
Median Earnings
$1,020
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Frequently Asked Questions
What type of property is this?
Short term rental property - A multi-building layout includes balcony-equipped upper-floor accommodations, shared laundry facilities, and gated parking.
Where is this short term rental property located?
The property is located at 610 CALLE HOARE San Juan, PR.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Eight units across front and rear buildings, including two studios and a one‑bedroom manager’s unit; Front building measures approximately 5,880 square feet and contains five two‑bedroom units; Four lower‑floor units connect internally and can form combined four‑bedroom layouts
