8 Calle Tapia, San Juan, PR 00911
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
Listed by: jaime domenech
Office: ark real estate
MLS#:PR9117465
Source:MFRMLS
Price summary
- Price:$3,495,000
- Price per sq. ft.:$463.9
- Monthly HOA dues:$130
About this home
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 eligible many other 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.
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Home facts
- Year built:1970
- Listing ID #:PR9117465
- Added:1 day(s) ago
- Updated:November 21, 2025 at 12:05 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:12
- Full bathrooms:12
- Living area:5,078 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s), Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Concrete
- Year built:1970
- Building area:5,078 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$3,495,000
- Price per sq. ft.:$463.9
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