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    668 72Nd Ave Pensacola, FL 32506

    For Sale
    $490,000

    Quadruplex - Pensacola, FL

    Type:Quadruplex
    Days on Market:
    23
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 668 72Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    202S314110051006
    Fireplace
    1

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    1982
    Floors in Building
    1
    Number of units
    4
    Architectural style
    Other

    MARK DOWNEY & ASSOCIATES, INC. 225 850-456-6616

    Listing agent Michelle Downey (850) 456-6616

    Listing date Nov 15, 2025

    MLS# 672374 Listing URL

    Copyright © 2025 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.

    Overview

    Pensacola Quadplex with Income Potential

    This quadplex unit in Pensacola, FL, generates an approximate annual income of $50,000, potentially yielding a cap rate of approximately 10%. Most units have been updated, with some featuring major updates and modifications to enhance their desirability and modernity. Noteworthy new features include a new roof, A/C, and heating system. All units are currently under lawyer-executed leases, with each tenant paying a monthly utility fee that contributes to the overall profitability of the complex. The owner also possesses two adjacent fourplexes sharing the same parking lot, presenting the opportunity to own a total of 12 units. Additionally, an adjacent vacant lot is available for purchase, with the potential to build up to 28 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.307139
    Latitude
    30.401495

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    FAQs

    What type of property is this?
    Quadplex - Updated quadplex generating approximately $50,000 annually with potential for more.
    Where is this quadplex located?
    The property is located at 668 72Nd Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - High income potential: approximately $50,000 annual income with potential for more, equating to a 10% cap rate.; - Updated units: most units have been updated, some with major modifications for modern appeal.; - New key features: recent upgrades include a new roof, A/C, and heating system.
    (850) 456-6616
    Request Owner's contact information
    668 72Nd Ave Pensacola, FL 32506
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    Pensacola, FL 32506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    668 72Nd Ave Pensacola, FL 32506
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