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Waterfront Quadplex With Four Units
For Sale
$995,000

122 Celeste Pl, Pensacola, FL 32507

MULTI_FAMILY - Pensacola, FL

Property Size720 SF
Price / SF$1,381
Days on Market456

Property Features for 122 Celeste Pl

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1
Subdivision Beverly Beach
Elementary school Navy Point
Middle school BAILEY
High school Pensacola
Directions South on S Navy Blvd, right on Celeste Pl, first right and property will be on the left.
Standard status Active
APN 502S305030012003
Size 720 SF

Taxes and HOA fees

Tax Description Lts 12 13 Blk 3 Beverly Beach Pb 1 P 28 Or 662 P 696 Or 2639 P 483 Or 9182 P 1932 Sec 51 T 2S R 30 Ca 213
Legal Description Lts 12 13 Blk 3 Beverly Beach Pb 1 P 28 Or 662 P 696 Or 2639 P 483 Or 9182 P 1932 Sec 51 T 2S R 30 Ca 213

Utilities

Heating system Central
Water front features Seawall, Waterfront
Water front 1

Building Details

Year built 1962
Number of units 4
Roof type Shingle
Additional Structures Storage
Listing Agency: Octavius Real Estate
Listed By: James O'donovan
Added: May 5, 2025 Changed: Aug 2 Last Checked: Aug 3 at 7:06AM
MLS# 663810

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 waterfront quadplex at 122 Celeste Pl, Pensacola, FL 32507 offers four one-bedroom, one-bath units designed for rental use. The property is described as well maintained and includes direct waterfront access with a seawall, along with central heating for the building.

Built in 1962, the structure features a shingle roof and is positioned with waterfront amenities listed as waterfront and seawall. The layout is supported by the unit configuration provided: four 1-bed/1-bath units, making it a straightforward setup for either long-term or short-term rental income.

At approximately 720 square feet, this is a compact multifamily asset where unit-level rental performance is the focus. Central heating and the waterfront setting are the key functional and lifestyle attributes called out in the provided information.

Key Highlights

  • Four 1‑bedroom, 1‑bath units in a quadplex setup
  • Waterfront access with seawall listed
  • Central heating

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

139
Businesses Nearby

Demographics for 32507, FL

31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Waterfront quadplex with seawall and waterfront access, featuring four one-bedroom, one-bath units with central heating.
Where is this quadplex located?
The property is located at 122 Celeste Pl Pensacola, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units in a quadplex setup; Waterfront access with seawall listed; Central heating
More about this property
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