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Pensacola Multifamily Investment Opportunity

13261 Lillian Hwy, Pensacola, FL 32506

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For Sale

$2,200,000

16-unit apartment complex in Pensacola, Florida with value-add potential.

Type:Multifamily

HighLights

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.
Excellent condition: The property is well‑maintained and has undergone extensive capital improvements in the last 24 months.
Pensacola location: Situated in a vibrant Gulf Coast city with a diverse and growing economy.
No state income tax: Florida's lack of state income tax contributes to a business‑friendly climate.

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Listing Contact

Preston Cooper

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For Sale

$2,200,000

16-unit apartment complex in Pensacola, Florida with value-add potential.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 4:57 am

Property Features for 13261 Lillian Hwy

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Preston Cooper

Listing agent Preston Cooper License #AL: 000104317

Listing office Birmingham Office

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

HighLights

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.
Excellent condition: The property is well‑maintained and has undergone extensive capital improvements in the last 24 months.
Pensacola location: Situated in a vibrant Gulf Coast city with a diverse and growing economy.
No state income tax: Florida's lack of state income tax contributes to a business‑friendly climate.

Overview

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

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Apartment buildings

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Local Demand

City: Pensacola
County: Escambia
State: Florida
Longitude: -87.4241945
Latitude: 30.4003871

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For sale
Apartment buildings
FL
Pensacola
32506
13261 Lillian Hwy

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.

13261 Lillian Hwy, Pensacola, FL 32506

16-unit apartment complex in Pensacola, Florida with value-add potential.

Property Features for 13261 Lillian Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

New Construction Duplex Investment Opportunity

Single-Story Brick Ranch Home

Freestanding QSR with Drive-Thru

Value-Add Commercial Property For Sale

Free-Standing Building on 1.68 Acres

East Hill Spacious Brick Duplex

Pensacola Office/Multi-Family Opportunity

New Construction Duplex Investment Opportunity

Pensacola Restaurant - $1.5M

Income-Producing Property in Pensacola, FL

New Construction Duplex Near Downtown

New Construction Duplex Near Downtown

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