Overview
Description
Location, location, location — and this one delivers it in full. Set in a tourist-friendly, medium-density residential pocket just two blocks (a five-minute walk) from Ocean Park beach, this three-story multi-family building is a rare find in a neighborhood where properties like it almost never come to market. With Ocean Park’s steady short-term rental demand, it’s a standout opportunity for an investor looking to capture that income stream.
The Property:
A 5,840 sq. ft. three-story building, reinforced concrete construction with a galvanized steel and aluminum structural frame and panel roof
Six residential apartments averaging 602 sq ft each — five two-bedroom units and one one-bedroom unit
1,458 sq ft basement level, currently used for storage and laundry, with room to reimagine
Two blocks to Ocean Park beach
The Neighborhood:
Walk out the door and you’re in one of San Juan’s most walkable, pedestrian-friendly stretches — restaurants and eateries at every turn, a 24-hour supermarket, and everyday conveniences like pharmacies, banks, and dry cleaners all within reach. Main avenues and highways are immediately accessible, keeping the rest of the city close at hand.
The Opportunity:
Six units, a flexible basement, and a location investors rarely get a shot at — this is a multi-family asset built for both steady rental income and long-term appreciation in one of San Juan’s most in-demand beachside corridors.
