3804 Ward Blvd Pensacola, FL 32505
MULTI_FAMILY - Pensacola, FL
Property Features for 3804 Ward Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 342S300860013002
- Size
- 702 SF
Taxes and HOA fees
- Tax Description
- Lt 13 & W 3 Ft Of Lt 14 Blk B Oaklawn Pb 2 P 28 Or 6299 P 1405 Ca 158
Utilities
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
Listing agent Dederek Teate, Jr. (850) 471-5000
Listing office KELLER WILLIAMS REALTY GULF COAST 800 Langley Avenue, Pensacola, FL (850) 471-5000
Listing date Jan 2, 2025
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.
Key Highlights
- Existing tenants in place, providing immediate rental income.
- Duplex property suitable for multi‑family investment.
- Each unit features 2 bedrooms and 1 bathroom.
Local 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 | $11.4k | $16.20 |
| − Vacancy | −$1.5k | −$2.14 |
| EGI | $9.9k | $14.06 |
| − OpEx | −$3.0k | −$4.22 |
| NOI | $6.9k | $9.84 |
