259 & 261 Calle De San Sebastian, San Juan, PR 00901
- $5,000,000
- 12
- BD
- 10
- BA
- List Price
- $5,000,000
- Status
- ACTIVE
- MLS#
- PR9119978
- Price Change
- ▼ $500,000 1776798051
- Bedrooms
- 12
- Bathrooms
- 10
- Subdivision
- San Juan Antiguo
Property Description
Income-producing multifamily property located in Old San Juan on Calle San Sebastián. This 10-unit building offers a combination of historic character, income potential, and a central location within one of Puerto Rico’s most visited areas. The property includes a mix of 4 loft-style units typical of Old San Juan, 2 two-bedroom/one-bath units, and 6 studio units, providing flexibility for various rental strategies. Property features Atlantic Ocean views, partial views of El Morro, and visibility of cruise ships entering San Juan Bay. The property has been approved by the Institute of Culture for a property tax exemption currently in place. It has also been inspected by the Puerto Rico Tourism Company and meets requirements for tourism-related incentives. Buyers are advised to independently verify all incentives, benefits, and transferability. Located near restaurants, attractions, and cultural sites. Suitable for investors interested in income generation, short-term rental operations, or alternative use concepts consistent with local regulations. Multi-unit properties in Old San Juan are limited in availability.
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Additional Information
- Year Built
- 1921
- Construction
- Block, Brick, Concrete
- Acres
- 0.12
- Interior Features
- Ceiling Fans(s), High Ceilings, Sauna, Smart Home, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
- Cooling
- Mini-Split Unit(s)
- Heating
- Other
- Parking
- On Street
- Exterior Features
- Balcony, Courtyard, French Doors, Garden, Outdoor Kitchen, Outdoor Shower, Private Entrance, Sauna, Storage
- View
- City, Garden, Water
- Water
- Bay View, Bay Front, Beach Front, Beach View, Beach Access
- Sewer
- Private Sewer
Listing courtesy of SAMANTHA TELVI CARLO.
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