Four-Unit Two-Bedroom
For Sale
$529,000
130 E 9 Mile Rd, Pensacola, FL 32534
Residential Income, Pensacola, FL
Property Size3,700 SF
Price / SF$142.97
Days on Market61
Property Features for 130 E 9 Mile Rd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Lot features
Interior Lot
Elementary school
Mcarthur
Middle school
FERRY PASS
High school
Tate
Directions
west on nine mile road. right on unnamed road next to vannoys tires. second road turn right. complex at the end.
Standard status
Active
APN
081S301003010031
Size
3,700 SF
Taxes and HOA fees
Tax Description
BEG AT SE COR OF SEC WLY ALG S LI OF SEC 1353 FT NLY AT INTERIOR ANG TO LEFT 90 DEG 29 MIN 38 SEC 98 28/100 FT TO INTER OF N R/W LI OF NINE MILE RD (200 FT R/W) & W R/W LI OF HOLSBERRY LN (50 FT R/W) WLY DEFL ANG TO LEFT 89 DEG 28 MIN 30 SEC ALG SD N R/W LI OF NINE MILE RD 539 FT NLY DEFL TO RT ANG OF 89 DEG 28 MIN 30 SEC 463 70/100 FT ELY DEFL TO RT ANG OF 90 DEG 31 MIN 30 SEC 208 FT FOR POB CONT SAME COURSE 146 FT NLY DEFL TO LEFT ANG OF 90 DEG 31 MIN 30 SEC 100 26/100 FT WLY DEFL LEFT ANG OF 89 DEG 30 MIN 30 SEC 146 FT SLY DEFL TO LEFT ANG OF 90 DEG 29 MIN 30 SEC 100 18/100 FT TO POB OR 9070 P 635
Legal Description
BEG AT SE COR OF SEC WLY ALG S LI OF SEC 1353 FT NLY AT INTERIOR ANG TO LEFT 90 DEG 29 MIN 38 SEC 98 28/100 FT TO INTER OF N R/W LI OF NINE MILE RD (200 FT R/W) & W R/W LI OF HOLSBERRY LN (50 FT R/W) WLY DEFL ANG TO LEFT 89 DEG 28 MIN 30 SEC ALG SD N R/W LI OF NINE MILE RD 539 FT NLY DEFL TO RT ANG OF 89 DEG 28 MIN 30 SEC 463 70/100 FT ELY DEFL TO RT ANG OF 90 DEG 31 MIN 30 SEC 208 FT FOR POB CONT SAME COURSE 146 FT NLY DEFL TO LEFT ANG OF 90 DEG 31 MIN 30 SEC 100 26/100 FT WLY DEFL LEFT ANG OF 89 DEG 30 MIN 30 SEC 146 FT SLY DEFL TO LEFT ANG OF 90 DEG 29 MIN 30 SEC 100 18/100 FT TO POB OR 9070 P 635
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1984
Number of units
4
Building materials
Frame
Roof type
Shingle
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Joshua Servo
(503) 989-6885
Added: Aug 4
Changed: Sep 6
Last Checked: Oct 3 at 2:06AM
MLS# 686976
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units within 3,700 square feet, with each unit offering two bedrooms and one bathroom. The frame-built property dates to 1984 and includes central heating, ceiling fans, and a shingle roof installed in 2021.
Located at 130 E 9 Mile Rd in Pensacola, the property sits near Highway 29 and less than one mile from a Costco currently under construction. Shopping, dining, schools, and major commuting routes are also identified in the surrounding area. The combination of four separate units and established residential configuration supports multifamily ownership or occupancy of one unit while operating the remaining residences as rentals.
Located at 130 E 9 Mile Rd in Pensacola, the property sits near Highway 29 and less than one mile from a Costco currently under construction. Shopping, dining, schools, and major commuting routes are also identified in the surrounding area. The combination of four separate units and established residential configuration supports multifamily ownership or occupancy of one unit while operating the remaining residences as rentals.
Key Highlights
- Four‑unit quadplex with 3,700 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Shingle roof dated 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,415
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,300
$728.3K
Cap Rate 7%
$520,214
$520.2K
Cap Rate 9%
$404,611
$404.6K
Market Conditions
NOI Build-Up for 3,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.9K $16.20/SF
− Vacancy
−$7.9K −$2.14/SF
EGI
$52.0K $14.06/SF
− OpEx
−$15.6K −$4.22/SF
NOI
$36.4K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,300
Cap Rate 7%
$520,214
Cap Rate 9%
$404,611
Alternative Uses
Best Use
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,415 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$477.6K
$417.9K – $557.2K
NOI $33,431 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.09M
$950.2K – $1.27M
NOI $76,013 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 32534, FL
16,006
Population
7,573
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
1,617
Density / Sq Mi
$59,013
Median Household Income
$34,841
Median Earnings
$1,350
Median Rent
$192,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Frame-built property with central heating and shingle roofing.
Where is this quadplex located?
The property is located at 130 E 9 Mile Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,700 square feet; Each unit includes 2 bedrooms and 1 bathroom; Shingle roof dated 2021
