8 Calle Tapia, San Juan, PR 00911
For Sale $3,495,000
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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.
Accessibility Features
Built-in Features
High Ceilings
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Solid Wood Cabinets
Window Treatments
HOA Fee 1: $130.00
HOA Frequency 1: Monthly
Condo Fee Frequency: Monthly
Awning(s)
Balcony
Lighting
Outdoor Shower
Private Mailbox
Sidewalk
Built-In Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Freezer
Gas Water Heater
Indoor Grill
Microwave
Range
Range Hood
Refrigerator
MLS Area: 00911 - San Juan
Price per Square Feet: $688.26
Water: Public
Construction: Concrete
Date Listed: 2025-11-20 19:07:27
Pool: No
Furnished: Furnished
Garage Spaces: 5
Flooring: Ceramic Tile
Roof: Concrete
Heating: Ductless
Cooling: Mini-Split Unit(S), Wall/Window Unit(S)
Pets: Yes
Sewer: Public Sewer
Listing Courtesy Of: Ark Real Estate
james@arkrealestatepr.com
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.
Property Details
Price: $3,495,000
Sq Ft: 5,078
($688 per sqft)
Bedrooms: 11
Bathrooms: 12
City: San Juan
County: San Juan
Type: Single Family Reside
Development: Ocean Park
Acres: 0.11
Virtual Tour/Floorplan: View
Year Built: 1970
Listing Number: PR9117465
Status Code: A-Active
Garage:
5
Furnishings: Furnished
Pets Allowed: Yes
Interior Features:
Accessibility Features
Built-in Features
High Ceilings
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Solid Wood Cabinets
Window Treatments
Financial Information:
HOA Fee 1: $130.00
HOA Frequency 1: Monthly
Condo Fee Frequency: Monthly
Exterior Features:
Awning(s)
Balcony
Lighting
Outdoor Shower
Private Mailbox
Sidewalk
Equipment:
Built-In Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Freezer
Gas Water Heater
Indoor Grill
Microwave
Range
Range Hood
Refrigerator
Additional Information:
MLS Area: 00911 - San Juan
Price per Square Feet: $688.26
Water: Public
Construction: Concrete
Date Listed: 2025-11-20 19:07:27
Pool: No
Furnished: Furnished
Garage Spaces: 5
Flooring: Ceramic Tile
Roof: Concrete
Heating: Ductless
Cooling: Mini-Split Unit(S), Wall/Window Unit(S)
Pets: Yes
Sewer: Public Sewer
Map of 8 Calle Tapia, San Juan, PR 00911
Listing Courtesy Of: Ark Real Estate
james@arkrealestatepr.com