$1,725,000

1 Placid Court

San Juan, PR 00907

Active
8
Beds
7
Baths
3,467
Sq Ft
0.1
Acres
1960
Built
$498/sqft360° tour
🏠Multi Family

Property type

🏗️1960

Year built

📐4,585 sqft

Lot size

📊$498

Price / sq ft

🏘️No HOA

HOA dues

📅79

Days on market

🌊X

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

Principal & interest$8,723
Property taxes$1,581
Home insurance (est.)$791

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

  1. Status: Active
    Aug 27, 2025
  2. Listed$2,000,000
    Aug 27, 2025
  3. 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 riskFEMA Zone X

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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MLS GRID

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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA