Updated Two-Unit
For Sale
$299,900
3031 W Jackson Street, Pensacola, FL 32505
Residential Income, Pensacola, FL
Property Size2,120 SF
Lot Size0.34 Acres
Price / SF$141.46
Days on Market46
Property Features for 3031 W Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MDR
Bedrooms
6
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Pets allowed
No, Yes
Exterior features
Custom Lighting
Fencing
Fenced, Gate
Subdivision
5940 - Other Florida County
Standard status
Active
APN
332s304408000000
Size
2,120 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 262 1/2 FT W OF INTER OF W LI OF X ST AND S LI OF JACKSON ST W 97 1/2 FT S 152 1/2 FT E 97 1/2 FT N 152 1/2 FT TO BEG OR 6289 P 1658 CA
Tax Annual Amount
2952
Legal Description
BEG 262 1/2 FT W OF INTER OF W LI OF X ST AND S LI OF JACKSON ST W 97 1/2 FT S 152 1/2 FT E 97 1/2 FT N 152 1/2 FT TO BEG OR 6289 P 1658 CA
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Space Heater
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Preferred · RE/MAX International
(954) 396-5900
Listed By:
Rachael A Barach · License #3095523
(954) 815-1418
Added: Jul 23
Changed: Sep 4
Last Checked: Sep 6 at 8:06AM
MLS# B26055961
Copyright © 2026 BeachesMLS. 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 duplex contains 2,120 square feet arranged as two updated residences, each with 3 bedrooms and 1 bathroom. Built in 1950, the brick property features laminate and tile flooring, a shingle roof, custom lighting, and a gated, fenced yard on 0.34 acres. Each unit is described as move-in ready, with cooling that includes central air and individual unit options, along with natural gas heat and space heaters.
The property is in Pensacola near shopping, dining, schools, downtown Pensacola, NAS Pensacola, and major roadways. Public water and public sewer serve the site, while cable is available. MDR zoning applies to the property.
The property is in Pensacola near shopping, dining, schools, downtown Pensacola, NAS Pensacola, and major roadways. Public water and public sewer serve the site, while cable is available. MDR zoning applies to the property.
Key Highlights
- Two updated 3‑bedroom, 1‑bathroom units
- 2,120 square feet on a 0.34‑acre lot
- Brick construction with a shingle roof; built in 1950
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
$20,865
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
6.96%
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%
$417,300
$417.3K
Cap Rate 7%
$298,071
$298.1K
Cap Rate 9%
$231,833
$231.8K
Market Conditions
NOI Build-Up for 2,120 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
$34.3K $16.20/SF
− Vacancy
−$4.5K −$2.14/SF
EGI
$29.8K $14.06/SF
− OpEx
−$8.9K −$4.22/SF
NOI
$20.9K $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%
$417,300
Cap Rate 7%
$298,071
Cap Rate 9%
$231,833
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.8K – $347.8K
NOI $20,865 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.3K
NOI $19,155 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$622.2K
$544.4K – $725.9K
NOI $43,553 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
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?
Duplex - Brick income property with refreshed residences and fenced outdoor space.
Where is this duplex located?
The property is located at 3031 W Jackson Street Pensacola, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two updated 3‑bedroom, 1‑bathroom units; 2,120 square feet on a 0.34‑acre lot; Brick construction with a shingle roof; built in 1950
