Income-Generating Multi-Family Property for Sale. This remodeled property located in the heart of Rio Piedras' university neighborhood features six apartments actually generating a substantial income of $4,800 with the potential of reaching $5,200+ in tax-free monthly rental earnings. It includes five one-bedroom units and one two-bedroom unit. Located walking distance from UPR, it ensures high tenant demand and low vacancy rates. Recent upgrades include modern kitchens, updated bathrooms, security windows, new flooring, plumbing and electricity. Its prime location offers walking access to campus, public transit, restaurants and more. A turnkey opportunity with strong ROI potential. *Bank letter or proof of funds are required prior to showings*
Sold for $460,000 on 05/03/25
$460,000
995 Madrid, San Juan, PR 00925
7beds
6baths
3,250sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$142/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 04, 2025 at 05:18pm
Listing Provided by:
Wanda Pancorbo 787-398-0522,
WANDA PANCORBO REALTY 787-398-0522
Bought with:
Wanda Pancorbo, 19050
WANDA PANCORBO REALTY
Source: Stellar MLS,MLS#: PR9111798
Originating MLS: Puerto Rico
Originating MLS: Puerto Rico
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- None
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Gas Dryer Hookup, Inside, Outside, Washer Hookup
Features
- Kitchen/Family Room Combo, Living Room/Dining Room Combo
- Has fireplace: No
Interior area
- Total interior livable area: 3,250 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached, Carport
- Attached garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Exterior features: Balcony
Lot
- Size: 3,250 sqft
Details
- Parcel number: 08700245309001
- Zoning: R-1
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete
- Foundation: Concrete Perimeter
- Roof: Concrete
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Water Available
Community & neighborhood
Location
- Region: San Juan
- Subdivision: URB HYDE PARK
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/3/2025 | Sold | $460,000-16.2%$142/sqft |
Source:  Stellar MLS #PR9111798 | ||
| 3/20/2025 | Pending sale | $549,000$169/sqft |
Source: Stellar MLS #PR9111798 | ||
| 3/12/2025 | Price change | $549,000-8.3%$169/sqft |
Source: Stellar MLS #PR9111798 | ||
| 3/3/2025 | Price change | $599,000-7.7%$184/sqft |
Source: Stellar MLS #PR9111798 | ||
| 2/17/2025 | Listed for sale | $649,000$200/sqft |
Source: Stellar MLS #PR9111798 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Hato Rey Sur
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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