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Priscilla Fitzpatrick

priscilla@fitzpatrickrealtygrp.com +1(813) 303-8961

$ 3,495,000

Est. payment -/mo

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8 CALLE TAPIA San Juan, PR 00911

7,435 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,435 sqft

Price per Sqft $470

Subdivision Ocean Park

MLS Listing ID PR9117458

HOA Fees $100/mo

HOA Y/N Yes

Annual Recurring Fee 1200.0

Year Built 1970

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Exceptional investment opportunity in San Juan, located on Calle Tapia just steps from the beach in the highly desirable Ocean Park and Condado corridor. This fully remodeled 9-unit multifamily property offers a versatile mix consisting of one three-bedroom residence, seven one-bedroom units, and one studio, all thoughtfully updated with contemporary and durable finishes ideal for high-occupancy rentals. The structure has been comprehensively modernized and features a full-power diesel generator, water cistern, and five on-site parking spaces with additional street parking available, a valuable amenity in this gated beachside community. Its privileged location provides immediate access to Ocean Park's walkable residential charm, boutique cafés, and popular kitesurfing beach while being moments from Condado's hotels, restaurants, designer shopping, and wellness centers. The property is only a short distance from the newly renovated Parque Barbosa, a state-of-the-art recreational hub with running tracks, fitness areas, sports courts, shaded seating, and family-friendly green spaces, further strengthening rental appeal for both short-term and long-term residents seeking an active coastal lifestyle. Adding to its value, the property qualifies for Puerto Rico's Tourism Tax Credit Program, capital improvements, and eligible operational expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.

Location

State PR

County San Juan

Community Ocean Park

Area 00911 - San Juan

Zoning RT-3

Interior

Interior Features Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Window Treatments

Heating None

Cooling Mini-Split Unit(s), Wall/Window Unit(s)

Flooring Ceramic Tile

Fireplace false

Appliance Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Indoor Grill, Microwave, Range, Range Hood

Laundry Laundry Room

Exterior

Exterior Feature Awning(s), Balcony, Lighting, Outdoor Shower, Private Mailbox, Sidewalk

Garage Spaces 5.0

Community Features Street Lights

Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Water Access Yes

Water Access Desc Beach

Roof Type Concrete

Attached Garage true

Garage true

Private Pool No

Building

Foundation Concrete Perimeter

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Pets Allowed Yes

Ownership Fee Simple

Monthly Total Fees $100

Membership Fee Required Required

Special Listing Condition None

Listed by Jaime Domenech ARK REAL ESTATE

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Priscilla Fitzpatrick

Founder, Elite Agent & Realtor | License ID: 3615404

+1(813) 303-8961

priscilla@fitzpatrickrealtygrp.com

8291 Champions Gate Blvd, Championsgate, FL, 33896

Priscilla Fitzpatrick

8 CALLE TAPIA San Juan, PR 00911

Key Details

Location

Interior

Exterior

Building

Others

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8 CALLE TAPIA