Two-Bedroom
130 E 9 Mile Rd # 5, Pensacola, FL 32534
For Sale
$529,000
Four residential units offer a two-bedroom, one-bathroom layout suited to multifamily rental use.
Property Size3,700 SF
Price / SF$142.97
Days on Market98
Property Features for 130 E 9 Mile Rd # 5
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty
Listed By:
Joshua Servo
(503) 989-6885
Source:
Bastionrealtysouth
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 9 at 6:38AM
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 LPT Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,700-square-foot quadplex was built in 1984 and contains four units, each with two bedrooms and one bathroom. The roof is dated 2021. The property is located on E 9 Mile Road in Pensacola, near Highway 29 and less than one mile from a Costco currently under construction.
Shopping, dining, schools, and major commuting routes are also described as nearby. The unit layout and four-unit configuration define the property’s residential income profile.
Shopping, dining, schools, and major commuting routes are also described as nearby. The unit layout and four-unit configuration define the property’s residential income profile.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,700 square feet
- Roof dated 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,415
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,300
$728.3K
Cap Rate 7%
$520,214
$520.2K
Cap Rate 9%
$404,611
$404.6K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$59.9K $16.20/SF
− Vacancy
−$7.9K −$2.14/SF
EGI
$52.0K $14.06/SF
− OpEx
−$15.6K −$4.22/SF
NOI
$36.4K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,300
Cap Rate 7%
$520,214
Cap Rate 9%
$404,611
Alternative Uses
Best Use
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,415 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$477.6K
$417.9K – $557.2K
NOI $33,431 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.09M
$950.2K – $1.27M
NOI $76,013 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 32534, FL
16,006
Population
7,573
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
1,617
Density / Sq Mi
$59,013
Median Household Income
$34,841
Median Earnings
$1,350
Median Rent
$192,500
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Pensacola, FL
Properties on Market for Quadplexes in Pensacola
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a two-bedroom, one-bathroom layout suited to multifamily rental use.
Where is this quadplex located?
The property is located at 130 E 9 Mile Rd # 5 Pensacola, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,700 square feet; Roof dated 2021
