$1,725,000
1 Placid Court
San Juan, PR 00907
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
PRICE REDUCED! Under Appraisal Value. Secure your future in one of Puerto Rico's most desirable neighborhoods. This Condado Greece-Style Multi Unit property is a profitable blend of location, charm, and a proven return on investment. Strategically located just a short walk from the beach and surrounded by a vibrant mix of restaurants, bars, shops, and supermarkets. Its prime location, combined with a quick 10-minute drive from the airport, makes it an ideal spot for high-demand short-term rentals like Airbnb and VRBO. This expansive 3,467 sq ft colonial building sits on a generous 424.66 square meters lot and features seven distinct units, offering a versatile mix of accommodations. Unit A: 3 bedrooms, 1 bathroom Unit B: Efficiency apartment Unit C: 3 bedrooms, 1 bathroom Unit D: 1 bedroom, 1 bathroom Unit E: 1 bedroom, 1 bathroom Unit F: 1 bedroom, 1 bathroom Unit G: Efficiency apartment Unique features include private balconies on three units and a large terrace on another, providing sought-after outdoor space for guests. The property also includes five dedicated parking spaces—a significant advantage in this bustling area. This property is more than just a beautiful building; it's a high-performing asset. It currently generates around $200,000 annually from a combination of long-term and short-term rentals. With the potential to transition fully to short-term rentals, the projected annual income is a minimum of $246,000. This makes it a perfect opportunity for both experienced investors and those looking to enter the lucrative Puerto Rico real estate market.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history79 days on market
- Status: ActiveAug 27, 2025
- Listed$2,000,000Aug 27, 2025
- Price reduced$1,725,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Multi Family
- Status
- Active
- Days on market
- 79
- Subdivision
- Condado
- County
- San Juan
- Year built
- 1960
- Living area
- 3,467 sq ft
- Price/sq ft
- $498
- Lot size
- 4,585 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Parcel #
- 04005004507901
- Zoning
- RESI
- MLS #
- PR9115709
Interior Details
- Bedrooms
- 8
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Laundry
- Outside
- Stories / Levels
- Two
Heating & Cooling
- Heating
- None
- Cooling
- Mini-Split Unit(s)
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Balcony, Lighting, Sidewalk, Storage
- Construction materials
- Concrete
- Roof
- Concrete, Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected
Listing Details
- Listing date
- 2025-08-26
- On market date
- 2025-08-27
- Original list price
- $2,000,000
- MLS area
- 00907 - San Juan
- Listing AOR
- Puerto Rico
- Status changed
- 2025-08-27
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Take the first exit inside the Minillas Tunnel towards Condado. At the traffic light after the Supermax, make a left. Placid Ct #1 Street will be the third street to the right. The property is the second to the right.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of November 14, 2025 at 2:29 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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