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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 2,850,000

Est. payment | -/mo

10,046 SqFt

Save

$ 2,850,000

Est. payment | -/mo

Save

10,046 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 10,046 sqft

Price per Sqft $283

Subdivision Old San Juan

MLS Listing ID PR9119678

HOA Y/N No

Year Built 1847

Annual Tax Amount $3,636

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Located on the historic financial district of Old San Juan, 205 Calle Tetuan represents a rare and highly compelling investment opportunity in one of Puerto Rico's most supply-constrained markets. This 8-unit multi-family property is comprised of two 2-bedroom units, four 1-bedroom units, and two studio apartments, offering a versatile unit mix ideally suited for short-term rentals, long-term leasing, or a hybrid strategy. The property enjoys charming city views throughout, with notable views of the San Juan Bay, particularly from the top floors and rooftop. A key highlight of this offering is its value-add and customization potential. The property can be finished and designed to a buyer's specific vision, making it especially attractive for investors seeking to elevate the asset into a boutique short-term rental concept. The rooftop level offers additional upside, with the potential to be reimagined as a lounge or entertainment terrace and the possibility of creating additional units, subject to permits, maximizing both views and revenue potential. Surrounded by Old San Juan's iconic architecture, waterfront promenades, dining, galleries, and cultural landmarks, 205 Calle Tetuan stands at the intersection of history, lifestyle, and income potential, an exceptional opportunity to create a high-performing asset in one of the Caribbean's most enduring destinations.

Location

State PR

County San Juan

Community Old San Juan

Area 00901 - San Juan

Zoning M

Interior

Interior Features Accessibility Features, Elevator

Heating None

Cooling None

Fireplace false

Laundry Other

Exterior

Exterior Feature Balcony

Utilities Available Electricity Connected, Public

View Y/N Yes

Water Access No

View Water

Roof Type Concrete

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Paula Lapciuc PUERTO RICO SOTHEBY'S INT. REALTY

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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205 TETUAN ST San Juan, PR 00901