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Waterfront Quadplex
For Sale
$995,000

122 Celeste Pl, Pensacola, FL 32507

Residential Income, Pensacola, FL

Property Size720 SF
Price / SF$1,381
Days on Market501

Property Features for 122 Celeste Pl

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 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 Waterfront, Seawall
Water front 1

Amenities

waterfront

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 · License #15495
Added: May 5, 2025 Changed: Sep 12 Last Checked: Sep 17 at 4:06PM
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 contains four one-bedroom, one-bath units within a 720-square-foot property built in 1962. Central heating serves the building, while a shingle roof and seawall are among the existing improvements. The configuration supports both long-term and short-term rental use, as stated in the property information.

Located at 122 Celeste Pl in Pensacola, the property offers direct access to Bayou Grande and a waterfront setting. Its four-unit layout provides a defined residential income format, with each unit offering one bedroom and one bathroom.

Key Highlights

  • Four 1‑bed/1‑bath units
  • 720 square feet
  • Waterfront on Bayou Grande with direct water access

Property Analytics

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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

4
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Four one-bedroom units with direct water access and central heating support flexible rental use.
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‑bed/1‑bath units; 720 square feet; Waterfront on Bayou Grande with direct water access
More about this property
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