New Construction Duplex
309 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 309 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
- 000S009060021145
Taxes and HOA fees
- Tax Description
- LT 21 & N 30.5 FT OF S 61 FT OF LT 23 & N 30.5 FT OF S 61 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 21 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# 680032
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 brand-new construction duplex was built in 2025 and is configured as two separate townhome-style units. The property includes Unit A with 1,324 sq. ft. and Unit B with 1,242 sq. ft., and both units feature 3 bedrooms and 2 bathrooms. Each unit is laid out for day-to-day living with open living spaces and contemporary finishes, designed to support either long-term rental use or owner-occupancy with an additional unit.
Located at 309 N Pace Blvd in Pensacola, the property is described as just minutes from downtown Pensacola. The surrounding area includes shopping and dining, and the listing notes convenient access to major roadways.
For tenants, buyers, or operators, the duplex format allows flexibility—one unit can be occupied while the other is rented, or both can be leased to support a multi-unit residential income strategy. With both units having the same bed/bath configuration, the property offers a straightforward operational profile for managing two comparable residential floorplans, backed by the low-maintenance expectations that typically come with a recent build year.
Located at 309 N Pace Blvd in Pensacola, the property is described as just minutes from downtown Pensacola. The surrounding area includes shopping and dining, and the listing notes convenient access to major roadways.
For tenants, buyers, or operators, the duplex format allows flexibility—one unit can be occupied while the other is rented, or both can be leased to support a multi-unit residential income strategy. With both units having the same bed/bath configuration, the property offers a straightforward operational profile for managing two comparable residential floorplans, backed by the low-maintenance expectations that typically come with a recent build year.
Key Highlights
- Brand new duplex construction completed in 2025
- Includes 2 units: Unit A 1,324 SF and Unit B 1,242 SF
- Each unit features 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 for rental income or owner-occupancy.
Where is this duplex located?
The property is located at 309 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 duplex construction completed in 2025; Includes 2 units: Unit A 1,324 SF and Unit B 1,242 SF; Each unit features 3 bedrooms and 2 bathrooms
