Multifamily Compound | Opportunity Near Tamarindo
Cabo Velas, Santa Cruz, Guanacaste, Costa Rica 50308

Multifamily Compound - Investment Property Near Tamarindo

?? Property at a Glance

Asking Price $695,000 USD

7 Units: 4 Studios + 3 Bigger Apartments of 3 BR each.

Construction Size 485 m²

Lot Size 5,100 m²

Road Frontage 137 m (double frontage)

Current ROI 8.5% yearly yield

Projected ROI ~14% yearly yield (with expansion)

2 active water meters + 3 water availibility letters

?? Income-Producing Property | Tamarindo Surroundings

Location & Overview

Nestled in a quiet residential area just 15 minutes from downtown Tamarindo and just minutes away from all possible amenities including international schools, pharmacies, clinics, groceries and more, this well-maintained property offers the perfect blend of tranquility and accessibility. Priced at $675,000 USD, it represents one of the strongest investment opportunities on Costa Rica’s Golden Coast for investors looking at solid return on investment while operating all the units with long term rentals, which creates more certainty and less operational time consuming activities.

??? Construction & Finishes

Quality concrete block construction with warm natural wood finishes, recently renovated to bring a modern yet inviting aesthetic to the property.

??? Unit Composition

• 4 Studio Apartments

• 3 Three-Bedroom Apartments

• Spacious common area with mature fruit trees

• Swimming pool surrounded by lush, shaded gardens

• Frequent visits from squirrels, monkeys & tropical birds

?? Investment Highlights

Today: Generating an 8.5% annual return with the existing 7 units.

Tomorrow: With 2 active water meters plus 3 additional water availability letters, the vacant land offers significant room for expansion — pushing projected yields closer to 14% annually while operating the property only with long term rentals. Future units could target every market segment, from studios for solo travelers/ tenants to 2–3 bedroom apartments for families, suitable for both short and long-term rentals.

?? Standout Features

• ? Fully fenced with electric gate

• ? 137 meters of double road frontage — ideal for future lot segregation

• ? Vacant land with excellent topography for new construction

• ? Flexibility to subdivide and sell portions independently

• ? 2 active water meters + 3 water availability letters

• ? Mature fruit trees providing natural shade

• ? Central location close to all amenities and only 15 minutes drive to Tamarindo and multiple of the gold coast's best beaches.

This property is a rare find — combining immediate income, expansion potential, and long-term land value in one of Costa Rica’s most sought-after coastal regions.
Schedule your private tour of this unique property.