Triplex with Detached Garage
For Sale
$184,500
204 North E Street Unit A B AND C, Pensacola, FL 32502
Three one-bedroom residences occupy a 1938 duplex and a separate rear building.
Property Size1,848 SF
Lot Size0.23 Acres
Price / SF$99.84
Days on Market23
Property Features for 204 North E Street Unit A B AND C
General Information
Standard status
Active
Size
1,848 SF
Lot size
0.23 Acres
Property subtype
Residential Income / Duplex
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Amenities
covered front porch
Electric
1
No Appliances
Yes
Central Electric
No
3
First Floor Primary
3.00
Covered Patio
One
Composition Shingle
Fenced
Asbestos
Fenced, Covered Patio, Garage Apartment
Building Details
Year Built
1938
Buildings
2
Listing Agency:
Pointe South
Listed By:
Anabella Owens · License #138392
(251) 210-6667
Source:
Compass
Added: Oct 3
Changed: Oct 25
Last Checked: Oct 25 at 2:38AM
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 Pointe South
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.
The property comprises a 1938 duplex with two one-bedroom units and a detached 1941 rear building with a third one-bedroom apartment above garage and utility space. The duplex includes a covered front porch and central heat and air. The lot measures 62' x 150', or approximately 0.23 acres, and is fenced.
Palafox, Wahoo Stadium, downtown Pensacola restaurants and nightlife, and the Garden District are described as minutes away. The property is at 204 North E Street in Pensacola.
Palafox, Wahoo Stadium, downtown Pensacola restaurants and nightlife, and the Garden District are described as minutes away. The property is at 204 North E Street in Pensacola.
Key Highlights
- Three one‑bedroom units across a 1938 duplex and a detached 1941 building
- Third apartment is above garage and utility space
- 62' x 150' lot, approximately 0.23 acres
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.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
375
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences occupy a 1938 duplex and a separate rear building.
Where is this triplex located?
The property is located at 204 North E Street Unit A B AND C 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 units across a 1938 duplex and a detached 1941 building; Third apartment is above garage and utility space; 62' x 150' lot, approximately 0.23 acres
