4-Unit Residential
For Sale
$1,099,000
1306 E Gonzalez St, Pensacola, FL 32501
Four separate living spaces include a shared laundry room with its own entrance.
Property Size3,252 SF
Price / SF$337.95
Days on Market152
Property Features for 1306 E Gonzalez St
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
shared laundry room
Building Details
Building Size
3,252 SF
Year Built
1927
Listing Agency:
Levin Rinke Realty
Listed By:
Caleb Drake
(850) 916-5050
Source:
Kuhnrealty
Added: Jun 2
Changed: Oct 26
Last Checked: Oct 31 at 4:08PM
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 Levin Rinke Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,252-square-foot quadplex, built in 1927, contains four living units arranged across two floors. The downstairs includes a two-bedroom, one-bath unit with an updated kitchen and living area, plus an efficiency with a tile shower, wet bar, hot plate, and convection oven. Two additional units are upstairs, reached through a separate entrance; one has two bedrooms, one bath, and a remodeled bathroom and kitchenette. The other features a kitchen and remodeled bathroom with a freestanding tub, tile shower, and upgraded vanity. A shared laundry room is located on the first floor and has a separate entrance.
The property is within walking distance of a brewery, pizza shop, gelato shop, and an adjacent park. An old hospital is also described as being down the road.
The property is within walking distance of a brewery, pizza shop, gelato shop, and an adjacent park. An old hospital is also described as being down the road.
Key Highlights
- Four units in a 3,252‑square‑foot building constructed in 1927
- Downstairs includes a two‑bedroom, one‑bath unit and an efficiency unit
- Two additional units are located upstairs and share a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$52.7K $16.20/SF
− Vacancy
−$7.0K −$2.14/SF
EGI
$45.7K $14.06/SF
− OpEx
−$13.7K −$4.22/SF
NOI
$32.0K $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%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$419.8K
$367.3K – $489.7K
NOI $29,383 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$954.4K
$835.1K – $1.11M
NOI $66,809 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate living spaces include a shared laundry room with its own entrance.
Where is this quadplex located?
The property is located at 1306 E Gonzalez St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Four units in a 3,252‑square‑foot building constructed in 1927; Downstairs includes a two‑bedroom, one‑bath unit and an efficiency unit; Two additional units are located upstairs and share a separate entrance
