Triplex with Separate Rear
For Sale
$485,000
1303 N W St, Pensacola, FL 32505
All three residences have separate utility meters and washer and dryer hookups; completed plans cover an additional unit, subject to approvals.
Property Size2,240 SF
Price / SF$216.52
Days on Market47
Property Features for 1303 N W St
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Triplex
Zoning
HC/LI
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
fully fenced
Building Details
Building Size
2,240 SF
Year Built
1960
Listing Agency:
LPT Realty
Listed By:
Kimberlee Bell
(877) 366-2213
Source:
Kuhnrealty
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 26 at 9:14PM
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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Investment Insights
Based on property information with market context.
This triplex contains 2,240 square feet across three residences. The two-story main building has two 2-bedroom, 1-bath units, each with a kitchen and living area. A separate rear residence includes a kitchen, bedroom, and bathroom. Each unit is separately metered and has washer and dryer hookups. Completed plans address a potential fourth unit, subject to permitting and approvals.
The property is fully fenced, with outdoor space that can accommodate parking, storage, or recreation. HC/LI zoning applies, with potential residential and commercial uses subject to applicable zoning requirements. The property is near downtown Pensacola and has access to major roadways, shopping, dining, and area employers.
The property is fully fenced, with outdoor space that can accommodate parking, storage, or recreation. HC/LI zoning applies, with potential residential and commercial uses subject to applicable zoning requirements. The property is near downtown Pensacola and has access to major roadways, shopping, dining, and area employers.
Key Highlights
- Three residences totaling 2,240 square feet
- Two‑story main building with two 2‑bedroom, 1‑bath units
- Separate rear unit with a kitchen, bedroom, and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,046
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,920
$440.9K
Cap Rate 7%
$314,943
$314.9K
Cap Rate 9%
$244,956
$245.0K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$4.8K −$2.14/SF
EGI
$31.5K $14.06/SF
− OpEx
−$9.4K −$4.22/SF
NOI
$22.0K $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%
$440,920
Cap Rate 7%
$314,943
Cap Rate 9%
$244,956
Alternative Uses
Best Use
Multifamily LT 5
$314.9K
$275.6K – $367.4K
NOI $22,046 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$289.1K
$253.0K – $337.3K
NOI $20,239 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$657.4K
$575.2K – $767.0K
NOI $46,019 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have separate utility meters and washer and dryer hookups; completed plans cover an additional unit, subject to approvals.
Where is this triplex located?
The property is located at 1303 N W St Pensacola, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three residences totaling 2,240 square feet; Two‑story main building with two 2‑bedroom, 1‑bath units; Separate rear unit with a kitchen, bedroom, and bath
