Listings courtesy of ARK REAL ESTATE as distributed by MLS GRID.
$3,249,000 $437/sf Earn $64,980
$3,249,000
Credit Back up to $64,980*
$436.97/sf
Active - Multi Family for sale
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 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.
- Listed by: Luis Gonzalez Diaz • luiso@arkrealestatepr.com
- Brokered by: ARK REAL ESTATE • 787-382-3720
- Co-listed by: Jaime Domenech • Jaime Domenech
- Source: Stellar MLS as distributed by MLS GRID
- MLS Number: PR9117458
- MLS Last Updated: Mar 27, 2026 at 05:44am EDT
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Indoor Grill, Microwave, Range, Range Hood
Furnished: Unfurnished
Laundry Features: Laundry Room
Number Of Lots: 1
Status: Active
Listed Date: 11/13/2025
Days On Market: 155
Lot Size (Square Feet): 5078
Rent Includes: []
Tenant Pays: []
Association Name: Ocean Park
Association Fee: $100
Pets Allowed: Yes
Carport Spaces: 1
Garage Spaces: 5
Year Built: 1970
Construction Materials: Concrete
Cooling: Mini-Split Unit(S), Wall/Window Unit(S)
Exterior Features: Awning(S), Balcony, Lighting, Outdoor Shower, Private Mailbox, Sidewalk
Flooring: Floor Ceramic Tile
Foundation Details: Foundation Concrete Perimeter
Interior Features: Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Roof: Roof Concrete
Pets Allowed: Yes
Electric: []
Sewer: Sewer Public Sewer
Utilities: Bb/Hs Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Phone Available, Sewer Available, Sewer Connected, Street Lights, Water Available, Water Connected
WaterSource: Water Source Public
Parcel Number: 04104214507
Zoning: Rt-3
Subdivision Name: Ocean Park
MLS Area Major: 00911 - San Juan

Schedule a tour
Request information