UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,485 sqft
Price per Sqft $845
Subdivision Ocean Park Development
MLS Listing ID PR9113824
Construction Status Completed
HOA Fees $140/mo
HOA Y/N Yes
Annual Recurring Fee 1680.0
Year Built 1955
Annual Tax Amount $2,948
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Located just one block from the sand in San Juan's iconic Ocean Park neighborhood, this rare five-unit multifamily property sits on the highly coveted Calle Italia and offers a unique opportunity for investors or owner-occupants. The property is currently vacant, providing a blank slate to renovate and reposition for short-term, long-term, or mixed-use income.
Property Layout:
• Main Residence (Ground Floor – approx. 1,407 sq. ft.):
3 bedrooms, 2 bathrooms, living room, dining area, kitchen, laundry, utility, and storage rooms. Includes a 1-car carport and access to a fenced, paved patio area, ideal for outdoor living or future enhancements.
• Unit 2 (Second Floor – approx. 733 sq. ft.):
2-bedroom, 1-bath unit with open kitchen/living/dining space and two private terraces, offering excellent indoor-outdoor potential.
• Unit 3 (Second Floor – approx. 344 sq. ft.):
1-bedroom, 1-bath apartment with a private balcony.
• Unit 4 (Second Floor – approx. 374 sq. ft.):
1-bedroom, 1-bath unit with flexible layout and access to a shared terrace.
• Rear Unit (Approx. 377 sq. ft.):
A separate 1-bedroom apartment located behind the main house with its own kitchen and living space—great for guest use or rental.
Condition: The property will benefit from renovation. With a great location, it's ideal for buyers looking to add value and maximize rental income. This is a rare opportunity to transform a multifamily asset in a premier coastal location—steps from the ocean and minutes to everything in San Juan.
Location
State PR
County San Juan
Community Ocean Park Development
Area 00911 - San Juan
Zoning RT-A (RT-4
Rooms
Other Rooms Bonus Room
Interior
Interior Features Ninguno
Heating None
Cooling Other
Furnishings Unfurnished
Fireplace false
Laundry Outside
Exterior
Exterior Feature Balcony, Sidewalk
Community Features Sidewalks
Utilities Available Electricity Available, Public
Roof Type Concrete
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Other
Water Public
Structure Type Concrete
New Construction false
Construction Status Completed
Others
Pets Allowed Yes
Ownership Fee Simple
Monthly Total Fees $140
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9113824
