Building Details

Year built 1976

Building materials Concrete

Roof type Concrete

Listing Agency: LOYAL REALTY GROUP a***@hotmail.com Show Phone

Listed By: Aidimar Reyes Sepulveda · License #13772 Show Phone

Added: Jun 12 Changed: Jul 20 Last Checked: Aug 14 at 8:06AM

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MLS# PR9122086

Copyright © 2026 Stellar 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.

Multifamily quadplex building in San Juan, PR offering multiple residential units and a total of approx. 9,678 sq. ft. gross building area (GBA) with approx. 6,477 sq. ft. of living area (GLA). The property sits on a 605 m2 (0.15-acre) lot and includes approx. 13 parking spaces.

Located in Miramar with central access to Condado, Old San Juan, Distrito T-Mobile, major hospitals, universities, restaurants, entertainment venues, and principal transportation routes. The listing notes sustained demand in the Miramar rental corridor.

Zoning is listed as “2.” This is being marketed as a value-add opportunity alongside its current income-producing potential.

Key Highlights

• Multifamily building with multiple residential units, built in 1976
• Approx. 9,678 sq. ft. gross building area (GBA) and approx. 6,477 sq. ft. living area (GLA)
• 605 m2 lot (0.15 acres) with 13 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$85,103

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.26%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,702,060 $1.7M

Cap Rate 7%

$1,215,757 $1.2M

Cap Rate 9%

$945,589 $945.6K

Market Conditions

NOI Build-Up for 6,477 SF 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.

Gross rent

$128.2K $19.80/SF

− Vacancy

−$6.7K −$1.03/SF

EGI

$121.6K $18.77/SF

− OpEx

−$36.5K −$5.63/SF

NOI

$85.1K $13.14/SF

Area

ZIP 00907

Vacancy

5.20%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,702,060

Cap Rate 7%

$1,215,757

Cap Rate 9%

$945,589

Alternative Uses

Best Use

Multifamily LT 5

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,103 @ 7.0% cap · market cap 4.26%

Second Best

Apartment 5plus

$1.09M

$954.4K – $1.27M (±1% cap)

NOI $76,348 @ 7.0% cap · market cap 3.82%

Theoretical Best

Office A

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,016 @ 7.0% cap · market cap 6.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Quadplexes

Lease Details

Multi-tenant

Tenancy

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.

7.1% 2022

8.3% 2023

9.3% 2024

9.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Multifamily building with multiple residential units, approx. 13 parking spaces, and parking support for tenants and guests.

Where is this quadplex located?

The property is located at 708 Ave Fernandez Juncos MIRAMAR San Juan, PR.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Multifamily building with multiple residential units, built in 1976; Approx. 9,678 sq. ft. gross building area (GBA) and approx. 6,477 sq. ft. living area (GLA); 605 m2 lot (0.15 acres) with 13 parking spaces