13261 Lillian Hwy Pensacola, FL 32506
16-unit apartment complex in Pensacola, Florida with value-add potential.
Type:Multifamily
- Added:
- Apr 3, 2026
- Days on Market:
- 22
- Last Refresh:
- Apr 3 at 4:57 am
Property Features for 13261 Lillian Hwy
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Preston Cooper License #AL: 000104317 (205) 510-9124
Listing office Birmingham Office (205) 510-9124
Listing date Apr 3, 2026
Source Marcusmillichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Birmingham Office
Overview
Pensacola Multifamily Investment Opportunity
Perdido Manor Apartments presents a 16-unit multifamily investment opportunity in Pensacola, Florida, featuring a mix of eight one-bedroom/one-bath units and eight two-bedroom/one-bath units. Constructed in 1948, the property has undergone extensive capital improvements over the past 24 months and is in excellent overall condition. Fourteen of the sixteen units have been substantially renovated with modern finishes, including granite countertops, stainless steel appliances, new cabinetry, luxury vinyl plank flooring, new mini-split HVAC systems, and updated bathrooms with new vanities and tiled showers. The remaining two units offer a value-add opportunity for new ownership to enhance rental income and overall asset value through renovations consistent with the upgraded units. Perdido Manor is located in Pensacola, a Gulf Coast city with a diverse and growing economy supported by industries such as aerospace and defense, healthcare, education, tourism, and maritime services. Major employers in the region include Naval Air Station Pensacola, Baptist Health Care, Sacred Heart Health System, and University of West Florida, contributing to a stable employment base. Pensacola has a population of approximately 55,000 residents, with more than 500,000 people in the greater metropolitan area.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.4241945
- Latitude
- 30.4003871
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit apartment complex in Pensacola, Florida with value-add potential.
Where is this apartment building located?
The property is located at 13261 Lillian Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Extensively renovated: 14 of 16 units boast modern finishes including granite countertops, stainless steel appliances, new cabinetry, LVP flooring, mini‑split HVAC, and updated bathrooms.; Value‑add opportunity: Two remaining units offer potential to increase rental income through renovations.; Strong rental market: Balanced unit mix of eight 1‑bed/1‑bath and eight 2‑bed/1‑bath units provides broad appeal.
