Triplex with Detached
For Sale
$184,500
204 N E St, Pensacola, FL 32502
Residential Income, Pensacola, FL
Property Size1,848 SF
Lot Size0.23 Acres
Price / SF$99.84
Days on Market13
Property Features for 204 N E St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Res Multi
Parking features
Driveway
Appliances
Electric Water Heater
Subdivision
Maxent Tract
Lot features
Central Access
Elementary school
Global Learning Academy
Middle school
WORKMAN
High school
Pensacola
Directions
Follow the local roads into Pensacola near W. Gregory St.Turn North onto E St. 204 N E St will be on your right.
Standard status
Active
APN
000S009080013020
Size
1,848 SF
Lot size
0.23 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
Central Air, Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
covered front porch
garage/utility space
Building Details
Year built
1938
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Shingle
Listing Agency:
POINTE SOUTH
(850) 492-1826
Listed By:
Anabella Owens · License #138392
(504) 390-3722
Added: Oct 4
Changed: Oct 16
Last Checked: Oct 16 at 11:06PM
MLS# 689904
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.
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Investment Insights
Based on property information with market context.
This three-unit property comprises a 1938 duplex with two one-bedroom apartments and a separate rear building constructed in 1941. The rear structure contains a third one-bedroom unit above garage and utility space. The main residence measures about 1,216 square feet and has a covered front porch and central heat and air. The lot is approximately 0.23 acres, measuring 62 by 150 feet.
The property is in Pensacola, near Palafox, Wahoo Stadium, downtown restaurants and nightlife, and the Garden District. Public water and sewer serve the site; parking is via driveway.
The property is in Pensacola, near Palafox, Wahoo Stadium, downtown restaurants and nightlife, and the Garden District. Public water and sewer serve the site; parking is via driveway.
Key Highlights
- Three one‑bedroom apartments across two buildings
- 1938 duplex includes two units and measures about 1,216 square feet
- Detached 1941 building has a one‑bedroom apartment over garage/utility space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,697
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,940
$333.9K
Cap Rate 7%
$238,529
$238.5K
Cap Rate 9%
$185,522
$185.5K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$35.3K $19.08/SF
− Vacancy
−$4.9K −$2.65/SF
EGI
$30.4K $16.43/SF
− OpEx
−$13.7K −$7.39/SF
NOI
$16.7K $9.04/SF
Area
Escambia County, FL
Vacancy
13.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,940
Cap Rate 7%
$238,529
Cap Rate 9%
$185,522
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.4K – $303.1K
NOI $18,188 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$238.5K
$208.7K – $278.3K
NOI $16,697 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,965 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
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 - Three one-bedroom residences are arranged across two separate buildings, with a garage and utility area beneath the rear apartment.
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 $184,500.
What are key features of this property?
This property features: Three one‑bedroom apartments across two buildings; 1938 duplex includes two units and measures about 1,216 square feet; Detached 1941 building has a one‑bedroom apartment over garage/utility space
