Two-Unit Duplex with Metal
New
For Sale
$260,000
3 Ellinor Ct, Pensacola, FL 32507
Each residence has its own split-system HVAC, with a metal roof serving the duplex.
Property Size1,350 SF
Price / SF$192.59
Days on Market3
Property Features for 3 Ellinor Ct
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Keller Williams Realty Gulf Coast
Listed By:
Erik Hansen · License #BK3069922
(850) 308-1634
Source:
Hansenteampensacola
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:21AM
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 Keller Williams Realty Gulf Coast
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Investment Insights
Based on property information with market context.
This 1,350-square-foot duplex in Pensacola contains two units, each with two bedrooms and one bathroom. Separate split-system HVAC serves each residence, and the building has a metal roof. The property was built in 1946.
The home is in the Navy Point community, with access to downtown Pensacola, NAS Pensacola, waterfront parks, shopping, and dining.
The home is in the Navy Point community, with access to downtown Pensacola, NAS Pensacola, waterfront parks, shopping, and dining.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,350 square feet
- Individual split‑unit HVAC systems for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,287
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,740
$265.7K
Cap Rate 7%
$189,814
$189.8K
Cap Rate 9%
$147,633
$147.6K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$21.9K $16.20/SF
− Vacancy
−$2.9K −$2.14/SF
EGI
$19.0K $14.06/SF
− OpEx
−$5.7K −$4.22/SF
NOI
$13.3K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,740
Cap Rate 7%
$189,814
Cap Rate 9%
$147,633
Alternative Uses
Best Use
Multifamily LT 5
$189.8K
$166.1K – $221.5K
NOI $13,287 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$174.3K
$152.5K – $203.3K
NOI $12,198 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$396.2K
$346.7K – $462.2K
NOI $27,734 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 32507, FL
31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own split-system HVAC, with a metal roof serving the duplex.
Where is this duplex located?
The property is located at 3 Ellinor Ct Pensacola, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,350 square feet; Individual split‑unit HVAC systems for each unit
