Updated Income
For Sale
$330,000
3031 W Jackson Street, Pensacola, FL 32505
Two updated 3-bedroom, 1-bath units offer move-in ready rental income or owner-occupant flexibility.
Property Size2,120 SF
Price / SF$155.66
Days on Market25
Property Features for 3031 W Jackson Street
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
RE/MAX Preferred
(954) 815-1418
Listed By:
Rachael A Barach · License #R11165434
(954) 815-1418
Source:
Lehmannflorida
Added: Jul 23
Changed: Aug 15
Last Checked: Aug 16 at 6:22AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This updated duplex features two move-in ready 3-bedroom, 1-bath units. Each unit has been updated and is set up for immediate occupancy, supporting either rental income for investors or an owner-occupant scenario where one unit is lived in while the other is rented.
The property is situated on a spacious lot with a great yard, providing meaningful outdoor space. It is also conveniently located near shopping, dining, schools, downtown Pensacola, NAS Pensacola, and major roadways.
With two separate residential units and updated interiors, the property offers a straightforward income-producing setup in a well-connected area.
The property is situated on a spacious lot with a great yard, providing meaningful outdoor space. It is also conveniently located near shopping, dining, schools, downtown Pensacola, NAS Pensacola, and major roadways.
With two separate residential units and updated interiors, the property offers a straightforward income-producing setup in a well-connected area.
Key Highlights
- Updated duplex built in 1950 with two 3‑bedroom, 1‑bath units
- Both units are move‑in ready and updated
- Income‑producing setup with rental income potential or owner‑occupant option to live in one unit and rent the other
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,865
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,300
$417.3K
Cap Rate 7%
$298,071
$298.1K
Cap Rate 9%
$231,833
$231.8K
Market Conditions
NOI Build-Up for 2,120 SF
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.
Gross rent
$34.3K $16.20/SF
− Vacancy
−$4.5K −$2.14/SF
EGI
$29.8K $14.06/SF
− OpEx
−$8.9K −$4.22/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,300
Cap Rate 7%
$298,071
Cap Rate 9%
$231,833
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.8K – $347.8K
NOI $20,865 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.3K
NOI $19,155 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$622.2K
$544.4K – $725.9K
NOI $43,553 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated 3-bedroom, 1-bath units offer move-in ready rental income or owner-occupant flexibility.
Where is this duplex located?
The property is located at 3031 W Jackson Street Pensacola, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Updated duplex built in 1950 with two 3‑bedroom, 1‑bath units; Both units are move‑in ready and updated; Income‑producing setup with rental income potential or owner‑occupant option to live in one unit and rent the other
