2-Unit New Construction
3315 N Highway 29, Cantonment, FL 32533
For Sale
$410,000
Each residence has two bedrooms, two bathrooms, an indoor laundry room, and a door to private backyard access.
Property Size1,970 SF
Price / SF$208.12
Days on Market16
Property Features for 3315 N Highway 29
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
indoor laundry room
private backyard access door
Listing Agency:
Bastion Realty LLC
(850) 420-1959
Listed By:
Brianna Martin
(850) 876-0431
Source:
Exprealty
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 10 at 1:29PM
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 Bastion Realty LLC
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Investment Insights
Based on property information with market context.
Completed as new construction, this duplex contains two residential units totaling 1,970 square feet. Each unit is just under 1,000 square feet and includes two bedrooms, two bathrooms, an indoor laundry room, and a door providing access to a private backyard.
Restaurants, retail shopping, and grocery stores are a short drive away from the property at 3315 N Highway 29 in Cantonment, Florida.
Restaurants, retail shopping, and grocery stores are a short drive away from the property at 3315 N Highway 29 in Cantonment, Florida.
Key Highlights
- Two‑unit duplex with 1,970 square feet total
- Each unit is just under 1,000 square feet, with 2 bedrooms and 2 bathrooms
- Indoor laundry rooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,389
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,780
$387.8K
Cap Rate 7%
$276,986
$277.0K
Cap Rate 9%
$215,433
$215.4K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$31.9K $16.20/SF
− Vacancy
−$4.2K −$2.14/SF
EGI
$27.7K $14.06/SF
− OpEx
−$8.3K −$4.22/SF
NOI
$19.4K $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%
$387,780
Cap Rate 7%
$276,986
Cap Rate 9%
$215,433
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.4K – $323.2K
NOI $19,389 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$578.2K
$505.9K – $674.5K
NOI $40,472 @ 7.0% cap · market cap 9.87%
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
203
Businesses Nearby
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Business Placement
Demographics for 32533, FL
30,517
Population
12,035
Households
2.5
Avg Household Size
43
Median Age
28%
College-Educated
93%
High-School Grad
77.2 sq mi
ZIP Area
395
Density / Sq Mi
$85,459
Median Household Income
$44,110
Median Earnings
$1,021
Median Rent
$262,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Escambia County, FL
Properties on Market for Duplexes in Escambia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two bathrooms, an indoor laundry room, and a door to private backyard access.
Where is this duplex located?
The property is located at 3315 N Highway 29 Cantonment, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,970 square feet total; Each unit is just under 1,000 square feet, with 2 bedrooms and 2 bathrooms; Indoor laundry rooms in both units
