New Duplex with Two 3BR
305 N Pace Blvd Pensacola, FL 32505
For Sale
$599,000
MULTI_FAMILY - Pensacola, FL
Property Size2,566 SF
Price / SF$233.44
Days on Market118
Property Features for 305 N Pace Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2
- Standard status
- Active
- APN
- 000S009060004145
Taxes and HOA fees
- Tax Description
- LT 22 & S 30.5 FT OF LT 23 & S 30.5 FT OF E 11.56 FT OF LT 24 BLK 145 WEST KING TRACT OR 8808 P 343 LESS RD R/W E OF LT 22 CA 125
Utilities
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Block, Brick, Concrete
- Roof type
- Shingle
Listing Agency:
FMIG
(850) 889-2571
Listed By:
Faith Morgan
(850) 889-2571
Added: Mar 29
Changed: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 680031
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.
Brand new duplex construction built in 2025, offering two separate townhome-style units within one property. Each unit is designed with 3 bedrooms and 2 bathrooms, with open living spaces and contemporary finishes throughout. Unit A provides 1,324 square feet and is currently leased. Unit B offers 1,242 square feet and provides flexibility for a new tenant or owner-occupancy, depending on how you want to use the property.
The property is located minutes from downtown Pensacola and is positioned for easy access to shopping, dining, and major roadways. There is no HOA, which can simplify ownership and ongoing management.
For tenants, this configuration supports modern, functional layouts with dedicated bedroom and bath space in each unit. For investors or owner-occupants, the duplex format allows you to start with one in-place lease while retaining the option to rent the second unit or occupy it yourself. The relatively low-maintenance profile associated with new construction can also be a practical fit for buyers looking to reduce near-term property upkeep.
The property is located minutes from downtown Pensacola and is positioned for easy access to shopping, dining, and major roadways. There is no HOA, which can simplify ownership and ongoing management.
For tenants, this configuration supports modern, functional layouts with dedicated bedroom and bath space in each unit. For investors or owner-occupants, the duplex format allows you to start with one in-place lease while retaining the option to rent the second unit or occupy it yourself. The relatively low-maintenance profile associated with new construction can also be a practical fit for buyers looking to reduce near-term property upkeep.
Key Highlights
- Brand‑new 2025 construction duplex with two units
- Unit A is 1,324 SF with 3 bedrooms and 2 bathrooms
- Unit B is 1,242 SF with 3 bedrooms and 2 bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $16.20 |
| − Vacancy | −$5.5k | −$2.14 |
| EGI | $36.1k | $14.06 |
| − OpEx | −$10.8k | −$4.22 |
| NOI | $25.3k | $9.84 |
2,566 SF · lease $16.20/SF/yr · vacancy 13.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $420.9K
NOI $25,255 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$331.2K
$289.8K – $386.4K
NOI $23,185 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$753.1K
$659.0K – $878.6K
NOI $52,716 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new 2025 duplex with two 3-bedroom, 2-bath units and one currently leased for income flexibility.
Where is this duplex located?
The property is located at 305 N Pace Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Brand‑new 2025 construction duplex with two units; Unit A is 1,324 SF with 3 bedrooms and 2 bathrooms; Unit B is 1,242 SF with 3 bedrooms and 2 bathrooms
