Historic Fourplex with
208 West Strong Street, Pensacola, FL 32501
Built circa 1919, this property offers flexible multi-living space with separate entrances, metering, and outdoor courtyard living.
Type:Multifamily
Property size:
5,775 SFPrice / SF:
$155/SF- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 20 at 3:29 am
Property Features for 208 West Strong Street
General Information
- Standard status
- Active
- Size
- 5,775 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1918
Listing office KW Commercial Pensacola
Listing date Jun 15, 2026
Source Crexi
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 KW Commercial Pensacola
HighLights
- Purpose‑built circa 1919 fourplex in Historic North Hill with flexible multi‑living setup and potential to restore the original layout
- Downstairs units combined into an approx. 2,800 SF owner’s residence with 4 bedrooms and 2 bathrooms
- Two upstairs apartments of approx. 1,500 SF each, with 2 bedrooms and 1 bathroom per unit
- Each unit has a private entrance and separate utility metering, plus central HVAC
- Historic interior details including hardwood floors, extensive millwork and built‑ins, interior columns, high ceilings, and clawfoot tubs
- Unusually deep lot with a New Orleans‑inspired courtyard, mature landscaping, and partially covered rear patio with private upstairs balconies
Overview
Built circa 1919 as a purpose-built fourplex, this North Hill property is currently configured with flexibility for multiple living arrangements. The two downstairs units have been combined into an approximately 2,800-square-foot owner’s residence featuring 4 bedrooms and 2 bathrooms. The upstairs space remains two separate apartments of approximately 1,500 square feet each, with 2 bedrooms and 1 bathroom per unit. Each residence includes a private entrance, separate utility metering, and central HVAC, with each upstairs apartment offering a flex room overlooking W Strong Street that can serve as a home office. Interior features include hardwood floors, extensive millwork, abundant built-ins, interior columns, high ceilings, and classic clawfoot tubs. The owner’s residence has a covered front porch and a partially covered rear patio, while both upstairs apartments offer oversized private balconies.
Set on an unusually deep lot, the property features a New Orleans-inspired courtyard with mature landscaping and greenery, providing a quiet outdoor setting for entertaining or dining. The surrounding area is described as being minutes from Downtown Pensacola, Pensacola Beach, and local shopping, dining, and entertainment.
For buyers seeking an income-residential setup with privacy, this configuration can function as a combined owner’s residence over two upstairs apartments, or be evaluated for potential restoration of the original four-unit layout, subject to buyer verification and approvals. The outdoor space and historic character support a range of tenant and owner preferences, with future enhancements possible subject to applicable zoning, historic district requirements, and other regulations.
Set on an unusually deep lot, the property features a New Orleans-inspired courtyard with mature landscaping and greenery, providing a quiet outdoor setting for entertaining or dining. The surrounding area is described as being minutes from Downtown Pensacola, Pensacola Beach, and local shopping, dining, and entertainment.
For buyers seeking an income-residential setup with privacy, this configuration can function as a combined owner’s residence over two upstairs apartments, or be evaluated for potential restoration of the original four-unit layout, subject to buyer verification and approvals. The outdoor space and historic character support a range of tenant and owner preferences, with future enhancements possible subject to applicable zoning, historic district requirements, and other regulations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.6k | $16.20 |
| − Vacancy | −$12.4k | −$2.14 |
| EGI | $81.2k | $14.06 |
| − OpEx | −$24.4k | −$4.22 |
| NOI | $56.8k | $9.84 |
5,775 SF · lease $16.20/SF/yr · vacancy 13.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$812.0K
$710.5K – $947.3K
NOI $56,837 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$745.4K
$652.2K – $869.7K
NOI $52,179 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,642 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2209665
- Latitude
- 30.4219924
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Built circa 1919, this property offers flexible multi-living space with separate entrances, metering, and outdoor courtyard living.
Where is this triplex located?
The property is located at 208 West Strong Street Pensacola, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Purpose‑built circa 1919 fourplex in Historic North Hill with flexible multi‑living setup and potential to restore the original layout; Downstairs units combined into an approx. 2,800 SF owner’s residence with 4 bedrooms and 2 bathrooms; Two upstairs apartments of approx. 1,500 SF each, with 2 bedrooms and 1 bathroom per unit
