Located on the historic financial district of Old San Juan, 205 Calle Tetuan represents a rare and highly compelling investment opportunity in one of Puerto Rico’s most supply-constrained markets. This 8-unit multi-family property is comprised of two 2-bedroom units, four 1-bedroom units, and two studio apartments, offering a versatile unit mix ideally suited for short-term rentals, long-term leasing, or a hybrid strategy. The property enjoys charming city views throughout, with notable views of the San Juan Bay, particularly from the top floors and rooftop. A key highlight of this offering is its value-add and customization potential. The property can be finished and designed to a buyer’s specific vision, making it especially attractive for investors seeking to elevate the asset into a boutique short-term rental concept. The rooftop level offers additional upside, with the potential to be reimagined as a lounge or entertainment terrace and the possibility of creating additional units, subject to permits, maximizing both views and revenue potential. Most notably, the current owners applied for and were approved for tourism tax credits tied to a short-term rental renovation, providing a meaningful incentive and head start for an incoming investor pursuing hospitality-driven returns. Surrounded by Old San Juan’s iconic architecture, waterfront promenades, dining, galleries, and cultural landmarks, 205 Calle Tetuan stands at the intersection of history, lifestyle, and income potential, an exceptional opportunity to create a high-performing asset in one of the Caribbean’s most enduring destinations.