Two-Unit
For Sale
$260,000
3 Ellinor Ct, Pensacola, FL 32507
Residential Income, Pensacola, FL
Property Size1,350 SF
Price / SF$192.59
Days on Market77
Property Features for 3 Ellinor Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Subdivision
Navy Point
Lot features
Central Access
Elementary school
Navy Point
Middle school
BAILEY
High school
Pensacola
Directions
From Navy Blvd go West on Gulf Beach Hwy. take a left on Ellinor Ct.
Standard status
Active
APN
502S307000007005
Size
1,350 SF
Taxes and HOA fees
Tax Description
Lt 7 Blk E 1st Addn Navy Point Pb 2 P 55 Or 8909 P 479 Ca 220
Legal Description
Lt 7 Blk E 1st Addn Navy Point Pb 2 P 55 Or 8909 P 479 Ca 220
Utilities
Heating system
Wall Furnace
Cooling system
Multi Units
Building Details
Year built
1946
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Metal
Listing Agency:
Postcard Realty, Inc.
(850) 565-3026
Listed By:
Alicia Copes
(325) 668-0565
Added: Aug 5
Changed: Oct 18
Last Checked: Oct 20 at 12:06AM
MLS# 687003
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 1,350-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The property has a metal roof and separate split-unit HVAC systems. Both units have updated kitchen countertops and remodeled bathrooms, along with new tankless water heaters and stackable washer-dryers. Additional interior work includes fresh paint and new ceiling fans in the living rooms and bedrooms.
The property is in Pensacola’s Navy Point community, with access to downtown Pensacola, NAS Pensacola, waterfront parks, shopping, and dining.
The property is in Pensacola’s 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
- Separate split‑unit HVAC systems for each residence
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 two bedrooms, one bathroom, and its own split-system HVAC.
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; Separate split‑unit HVAC systems for each residence
