Updated Triplex in Historic
For Sale
$795,000
4 W Desoto St, Pensacola, FL 32501
MULTI_FAMILY - Pensacola, FL
Property Size3,504 SF
Price / SF$226.88
Days on Market850
Property Features for 4 W Desoto St
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Water Heater, Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator
Subdivision
Belmont Tract
Lot features
Corner Lot, Historic District
Elementary school
Global Learning Academy
Middle school
WORKMAN
High school
Pensacola
Directions
From the corner of N Palafox St and W Gregory St, go north on N Palafox St. then turn west on W DeSoto St. House is on the corner of W De Soto St and N Palafox St.
Standard status
Active
APN
000S009010019049
Taxes and HOA fees
Tax Description
LTS 19 20 BLK 49 BELMONT TRACT OR 8284 P 310 CA 78
Legal Description
LTS 19 20 BLK 49 BELMONT TRACT OR 8284 P 310 CA 78
Utilities
Cooling system
Central Air, Multi Units, Ceiling Fan(s)
Building Details
Year built
1937
Floors in Building
2
Number of units
3
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Crystal Shores 2 Inc.
(850) 939-3837
Listed By:
Amity Nowling · License #BK3069096
225 850-939-3837
Added: Apr 4, 2024
Changed: Jul 23
Last Checked: Aug 1 at 6:06AM
MLS# 643152
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.
Located in the Historic North Hill area at the corner of N Palafox and W De Soto, this property features an updated duplex and a converted garage. The complex is situated close to shopping, dining, and entertainment options in downtown Pensacola. The main building consists of a duplex with two units, each featuring three bedrooms and two bathrooms and measuring 1452 square feet. The third unit is a detached, converted one-bedroom, one-bathroom unit with approximately 600 square feet. Each unit is finished with modern appliances, luxury vinyl plank flooring, and white quartz countertops. This property is suitable as a buy-and-hold investment for steady income or for buyers looking to live in one unit while renting out the others.
Key Highlights
- Historic North Hill duplex plus detached converted garage unit on the corner of N Palafox and W De Soto
- Two 3 bed/2 bath units in the main building, 1452 sq ft each
- Detached converted 1 bed/1 bath unit, approx. 600 sq ft
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 | $56.8k | $16.20 |
| − Vacancy | −$7.5k | −$2.14 |
| EGI | $49.3k | $14.06 |
| − OpEx | −$14.8k | −$4.22 |
| NOI | $34.5k | $9.84 |
3,504 SF · lease $16.20/SF/yr · vacancy 13.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.7K
$431.1K – $574.8K
NOI $34,486 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$452.3K
$395.8K – $527.7K
NOI $31,660 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.03M
$899.8K – $1.20M
NOI $71,986 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex near downtown Pensacola with modern finishes.
Where is this triplex located?
The property is located at 4 W Desoto St Pensacola, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Historic North Hill duplex plus detached converted garage unit on the corner of N Palafox and W De Soto; Two 3 bed/2 bath units in the main building, 1452 sq ft each; Detached converted 1 bed/1 bath unit, approx. 600 sq ft
