Exceptional Investment Steps from the Beach | 10% Cap Rate | $181K Net Income
Turnkey multi-family short-term rental in San Juan’s exclusive Ocean Park community! Just a 3-minute walk to the beach, this high-performing property generated $235K gross / $181K net income in 2024—offering a rare 10% cap rate in one of Puerto Rico’s most desirable neighborhoods.
Property Highlights:
3 Separate Units – Convertible to 5 for added income potential
Unit 1: 2 bed / 1 bath – open layout
Unit 2: 3 bed / 2 bath – large wraparound terrace, private patio w/ BBQ
Unit 3: 3 bed / 2 bath – spacious sitting area
New kitchens + appliances in all units
Full power generator + 3 water cisterns
2 carports, fits 3 vehicles securely
Location Perks:
Walk to the beach, dining, nightlife, and top private schools (St. John’s & Robinson)
5 mins to Ashford Presbyterian Hospital
One block from the brand-new Parque Barbosa athletics complex (opening 2025)
Ideal for Airbnb or long-term tenants in a high-demand rental market
Priced to Sell | Motivated Seller | Fast Closing Available
Buyer's agents welcome (buyer-side commission only).
?? Schedule your private tour today: 917-272-4642
For sale by owner
Price cut: $16K (4/17)
$1,559,000
2017 Calle McLeary, San Juan, PR 00911
8beds
3,000sqft
Est.:
MultiFamily
Built in 1973
-- sqft lot
$-- Zestimate®
$520/sqft
$-- HOA
What's special
Large wraparound terraceSpacious sitting area
What the owner loves about this home
The Location and functional space of the property.
- 24 days
- on Zillow |
- 534 |
- 27 |
Listed by:
(917) 272-4642
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Other, Electric
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Features
- Flooring: Tile
- Basement: None
- Furnished: Yes
Interior area
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 3
- Parking features: On-street
Features
- Exterior features: Cement / Concrete
- Has view: Yes
- View description: None
Lot
- Size: 288 Square Feet
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1973
Community & HOA
Community
- Features: On Site Laundry Available
Location
- Region: San Juan
Financial & listing details
- Price per square foot: $520/sqft
- Date on market: 4/2/2025
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