Furnished
New
For Sale
$455,000
3117 W La Rua St, Pensacola, FL 32505
Residential Income, Pensacola, FL
Property Size1,571 SF
Price / SF$289.62
Days on Market5
Property Features for 3117 W La Rua St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Appliances
Water Heater
Lot features
Central Access
Elementary school
Global Learning Academy
Middle school
WARRINGTON
High school
Pensacola
Directions
From Navy Blvd, turn north onto North W St, then turn left onto W La Rua St. The duplex will be on your left
Standard status
Active
APN
332S304800001005
Size
1,571 SF
Taxes and HOA fees
Tax Description
THAT PORTION OF E 1/2 OF GOV LT 4 BEG AT INTER OF S LI OF JACKSON ST & W LI OF E 1/2 OF GOV LT 4 S 0 DEG 17 MIN E ALG SD W LI 355 FT N 90 DEG E 225 FT FOR POB CONT N 90 DEG E 75 FT S 0 DEG E 145 48/100 FT N 89 DEG 56 MIN W 75 FT N 0 DEG E 145 46/100 FT TO POB OR 9182 P 222 CA 140
Legal Description
THAT PORTION OF E 1/2 OF GOV LT 4 BEG AT INTER OF S LI OF JACKSON ST & W LI OF E 1/2 OF GOV LT 4 S 0 DEG 17 MIN E ALG SD W LI 355 FT N 90 DEG E 225 FT FOR POB CONT N 90 DEG E 75 FT S 0 DEG E 145 48/100 FT N 89 DEG 56 MIN W 75 FT N 0 DEG E 145 46/100 FT TO POB OR 9182 P 222 CA 140
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Multi Units, Central Air
Water source
Public
Amenities
covered back lanai
in-unit washer/dryer
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Andrew Vose · License #100080790
(315) 651-1597
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 27 at 2:06PM
MLS# 689418
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 1,571-square-foot, all-brick duplex contains two furnished residences, each with two bedrooms and one-and-a-half bathrooms. Both sides include appliances, furniture, household items, and individual washers and dryers. Renovations completed in 2022 included a roof replacement, electrical updates, new exterior doors, plumbing and fixture upgrades, countertops, appliances, and ceramic tile flooring. The water heaters were replaced in 2023.
A covered rear lanai serves the property. The duplex is 4 miles from NAS Pensacola and is also described as near downtown Pensacola, shopping, dining, and Gulf Coast beaches. Rental history is noted, and the furnished units are presented for short- or mid-term rental use.
A covered rear lanai serves the property. The duplex is 4 miles from NAS Pensacola and is also described as near downtown Pensacola, shopping, dining, and Gulf Coast beaches. Rental history is noted, and the furnished units are presented for short- or mid-term rental use.
Key Highlights
- Two furnished units, each with 2 bedrooms and 1.5 bathrooms
- 1,571 square feet total
- Renovations completed in 2022, including roof and electrical updates
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
$15,462
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
3.40%
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%
$309,240
$309.2K
Cap Rate 7%
$220,886
$220.9K
Cap Rate 9%
$171,800
$171.8K
Market Conditions
NOI Build-Up for 1,571 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
$25.5K $16.20/SF
− Vacancy
−$3.4K −$2.14/SF
EGI
$22.1K $14.06/SF
− OpEx
−$6.6K −$4.22/SF
NOI
$15.5K $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%
$309,240
Cap Rate 7%
$220,886
Cap Rate 9%
$171,800
Alternative Uses
Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.7K
NOI $15,462 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$202.8K
$177.4K – $236.6K
NOI $14,195 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$461.1K
$403.4K – $537.9K
NOI $32,275 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one-and-a-half bathrooms, furnishings, appliances, and its own washer and dryer.
Where is this duplex located?
The property is located at 3117 W La Rua St Pensacola, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two furnished units, each with 2 bedrooms and 1.5 bathrooms; 1,571 square feet total; Renovations completed in 2022, including roof and electrical updates
