Income-producing multifamily property located in Old San Juan on Calle San Sebastian. 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.
For sale
Price cut: $200K (8/18)
$4,800,000
259 & 261 CALLE DE SAN SEBASTIAN, SAN JUAN, PR 00901
12beds
10baths
--sqft
Duplex, Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Atlantic ocean viewsHistoric character
- 158 days
- 725
- 43
Zillow last checked:
Listing updated:
Listed by:
Samantha Telvi Carlo 939-397-5000,
SAMANTHA TELVI CARLO 939-397-5000
Source: Stellar MLS,MLS#: PR9119978
Originating MLS: Puerto Rico
Originating MLS: Puerto Rico
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
Rooms
- Room types: Dining Room, Living Room, Great Room, Loft
Heating
- Other
Cooling
- Ductless
Appliances
- Included: Oven, Convection Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Solar Hot Water, Solar Hot Water Owned, Washer, Water Filtration System, Water Purifier, Water Softener, Whole House R.O. System
- Laundry: Common Area, Corridor Access, Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Other, Upper Level, Washer Hookup
Features
- Ceiling Fan(s), High Ceilings, Sauna, Smart Home, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Granite, Marble, Other
- Doors: French Doors, Outdoor Kitchen, Outdoor Shower
- Basement: Bath/Stubbed,Finished,Other
- Has fireplace: No
- Furnished: Yes
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Patio & porch: Deck, Patio
- Exterior features: Balcony, Courtyard, Garden, Irrigation System, Outdoor Kitchen, Outdoor Shower, Private Entrance, Sauna, Storage
- Has spa: Yes
- Spa features: Above Ground
- Has view: Yes
- View description: City, Garden, Water, Bay/Harbor - Partial, Gulf/Ocean - Full
- Has water view: Yes
- Water view: Water,Bay/Harbor - Partial,Gulf/Ocean - Full
- Body of water: ATLANTIC OCEAN
Lot
- Size: 5,285 Square Feet
- Features: Historic District, Street One Way
Details
- Additional structures: Outdoor Kitchen
- Additional parcels included: 022-092-007-05-001
- Parcel number: 02209200722001
- Zoning: RESI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block, Brick, Concrete
- Foundation: Basement, Block, Brick/Mortar
- Roof: Cement,Concrete
Condition
- Completed
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Electricity Available, Electricity Connected, Emergency Power, Fire Hydrant, Water - Multiple Meters, Water Available, Water Connected
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: SAN JUAN ANTIGUO
HOA
- Has HOA: No
Location
- Region: San Juan
Financial & listing details
- Date on market: 3/26/2026
- Cumulative days on market: 159 days
- Listing terms: Cash,Conventional,Trade
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Brick
Estimated market value
Not available
Estimated sales range
Not available
$4,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $4,800,000-4% |
Source:  Stellar MLS #PR9119978 Report a problem | ||
| 4/21/2026 | Price change | $5,000,000-9.1% |
Source: Stellar MLS #PR9119978 Report a problem | ||
| 3/26/2026 | Listed for sale | $5,500,000 |
Source: Stellar MLS #PR9119978 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Old San Juan
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- $1,830,0003 bd2 ba1.9k sqft256 Calle Norzagaray #OLD, San Juan, PR 00901Sold
- $--12 bd10 ba10k sqft261 San Sebastian #259, San Juan, PR 00901Off Market
- $--9 bd6 ba7.5k sqft259 Calle San Sebastián San Juan, San Juan, PR 00901Off Market
- $--2 bd2 ba1.9k sqft256 Calle Norzagaray, San Juan, PR 00901Off Market
Similar homes
- $5,000,00010 bd10 ba10k sqft152 SAN JUSTO STREET, SAN JUAN, PR 00901For Sale
MLS ID #PR9118274, Ricardo Torres Gonzalez, LIBE REAL ESTATE. Stellar MLS - $2,498,0009 bd4 ba-- sqft54 CALLE CRUZ #54, SAN JUAN, PR 00901For Sale
MLS ID #PR9120872, Michelle Vazquez Tirado, LA ROSA REALTY PUERTO RICO. Stellar MLS - $4,900,0009 bd11 ba6.5k sqft1507 MIRSONIA, SAN JUAN, PR 00907For Sale
MLS ID #PR9120825, Geraldine Sheppard, GIGI REALTY PR. Stellar MLS - $3,400,00010 bd11 ba2.7k sqft2212 Park Blvd, San Juan, PR 00913For Sale
MLS ID #PRKWA9EA00, Ivette Davila Carrasquillo. Amplia
