Blue Realty

8 CALLE TAPIA

SAN JUAN , None 00911

MLS#: PR9117465

$3,495,000

Status: Active
Listing number: PR9117465
Listing provided by: ARK REAL ESTATE
Listing agent phone: None
Last update: 5 days ago
On site: 7 days ago
Browse Properties
OCEAN PARK - Residential

Property

Beds

11

Full Baths

12

1/2 Baths

None

Year Built

1970

Sq.Footage

5,078

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. Substantial tax credits on purchase price, capital improvements, and many other elegible operational and improvement expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.

Features & Amenities

Interior

  • Other Interior Features

    Built-in Features, High Ceilings, Open Floorplan

  • Total Bedrooms

    11

  • Bathrooms

    12

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Ductless

  • Pet friendly

    Yes

Exterior

  • Garage

    Yes

  • Garage spaces

    5

  • Construction Materials

    Concrete

  • Other Exterior Features

    Awning(s), Balcony, Lighting, Outdoor Shower

  • Parking

    Attached

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $3,495,000

  • Sq. Footage

    5, 078

  • Price/SqFt

    $688

HOA

  • Association

    Yes

  • Association Fee

    $130

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Concrete Perimeter

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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San Juan

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Listing Courtesy of Jaime Domenech , ARK REAL ESTATE

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Agent DanielleUrtnowski

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DanielleUrtnowski

Call Danielle today to schedule a private showing.

(941) 699-6390

ms.danielle.ski@gmail.com


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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. Substantial tax credits on purchase price, capital improvements, and many other elegible operational and improvement expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.

8 CALLE TAPIA

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