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Triplex Property Needing Renovation
For Sale
$239,000

204 N E St, Pensacola, FL 32501

MULTI_FAMILY - Pensacola, FL

Property Size540 SF
Lot Size0.21 Acres
Price / SF$442.59
Days on Market8

Property Features for 204 N E St

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Res Multi
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Parking features Driveway
Patio and Porch features Porch
Interior features Ceiling Fan(s), High Speed Internet
Fencing Chain Link
Appliances Electric Water Heater
Subdivision Maxent Tract
Lot features Central Access
Elementary school Global Learning Academy
Middle school WORKMAN
High school Pensacola
Directions From W. Gregory St Turn North on E St, 204 N E St is on your right.
Standard status Active
APN 000S009080013020
Size 540 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Description S 6 Ft Of Lt 13 All Lts 14 15 Blk 20 Maxent Tract Or 7143 P 1973 Ca 104
Legal Description S 6 Ft Of Lt 13 All Lts 14 15 Blk 20 Maxent Tract Or 7143 P 1973 Ca 104

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Wall/Window Unit(s), Central Air, Ceiling Fan(s), Window Unit(s)
Water source Public

Building Details

Year built 1938
Floors in Building 1
Number of units 3
Flooring type Hardwood, Tile, Vinyl
Building materials Frame
Roof type Shingle
Listing Agency: Engel & Volkers Pensacola
Listed By: Ken Parks
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 12 at 5:06AM
MLS# 686994

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex property includes a duplex with one-bedroom Units A and B, plus a one-bedroom apartment above a rear garage. The duplex was built in 1938, while the garage and upper apartment date to 1941. The improvements require repair and renovation, with the source information also identifying teardown and new construction as an alternative. The property includes frame construction, vinyl, tile, and hardwood flooring, central heating, multiple cooling systems, a driveway, porch, chain-link fencing, and a shingle roof.

The parcel contains 0.2135 acres and measures 62 feet by 150 feet at 204 N E St in Pensacola, Florida. Public water and public sewer serve the property. The listing information identifies the existing units as undersized and references the potential for replacing the current improvements with a larger multifamily configuration.

Key Highlights

  • Three residential units: two one‑bedroom duplex units plus one one‑bedroom apartment over the garage
  • 0.2135‑acre parcel measuring 62 feet by 150 feet
  • Duplex built in 1938; garage and apartment constructed in 1941

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Florist Auto Parts Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,251
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three existing residential units occupy a 0.2135-acre Pensacola parcel with public water and sewer service.
Where is this triplex located?
The property is located at 204 N E St Pensacola, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Three residential units: two one‑bedroom duplex units plus one one‑bedroom apartment over the garage; 0.2135‑acre parcel measuring 62 feet by 150 feet; Duplex built in 1938; garage and apartment constructed in 1941
More about this property
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