New Construction
New
For Sale
$410,000
3315 N Hwy 29, Cantonment, FL 32533
Residential Income, Cantonment, FL
Property Size1,970 SF
Price / SF$208.12
Days on Market2
Property Features for 3315 N Hwy 29
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Parking features
Driveway
Appliances
Electric Water Heater
Lot features
Central Access
Elementary school
Jim Allen
Middle school
RANSOM
High school
Tate
Directions
Head north on highway 29 and make a U-Turn. Turn into turning lane, and duplexes are on the right hand side.
Standard status
Active
APN
282N312101020002
Size
1,970 SF
Taxes and HOA fees
Tax Description
COMMENCE AT THE INTER-SECTION OF THE NORTH LINE OF THE SOUTHEAST QUARTER OF THE NORTHWEST 1/4 OF SECTION 28, TOWNSHIP 2 NORTH, RANGE 31 WEST, ESCAMBIA COUNTY, FLORIDA, AND THE WEST RIGHT OF WAY LINE OF U.S. HIGHWAY 29 (STATE ROAD 95-200 FOOT RIGHT OF WAY); THENCE SOUTH 02 DEGREES 31 MINUTES 11 SECONDS WEST ALONG SAID WEST RIGHT OF WAY LINE A DISTANCE OF 100.00 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 02 DEGREES 31 MINUTES 11 SECONDS WEST A DISTANCE OF 100.00 FEET; THENCE NORTH 87 DEGREES 08 MINUTES 30 SECONDS WEST A DISTANCE OF 435.60 FEET; THENCE NORTH 02 DEGREES 31 MINUTES 11 SECONDS EAST A DISTANCE OF 100.00 FEET; THENCE SOUTH 87 DEGREES 08 MINUTES 30 SECONDS EAST DISTANCE OF 435.60 FEET TO THE POINT OF BEGINNING. ALL LYING IN THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 28, TOWNSHIP 2 NORTH, RANGE 31 WEST, ESCAMBIA COUNTY, FLORIDA. OR 9504 P 977
Legal Description
COMMENCE AT THE INTER-SECTION OF THE NORTH LINE OF THE SOUTHEAST QUARTER OF THE NORTHWEST 1/4 OF SECTION 28, TOWNSHIP 2 NORTH, RANGE 31 WEST, ESCAMBIA COUNTY, FLORIDA, AND THE WEST RIGHT OF WAY LINE OF U.S. HIGHWAY 29 (STATE ROAD 95-200 FOOT RIGHT OF WAY); THENCE SOUTH 02 DEGREES 31 MINUTES 11 SECONDS WEST ALONG SAID WEST RIGHT OF WAY LINE A DISTANCE OF 100.00 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 02 DEGREES 31 MINUTES 11 SECONDS WEST A DISTANCE OF 100.00 FEET; THENCE NORTH 87 DEGREES 08 MINUTES 30 SECONDS WEST A DISTANCE OF 435.60 FEET; THENCE NORTH 02 DEGREES 31 MINUTES 11 SECONDS EAST A DISTANCE OF 100.00 FEET; THENCE SOUTH 87 DEGREES 08 MINUTES 30 SECONDS EAST DISTANCE OF 435.60 FEET TO THE POINT OF BEGINNING. ALL LYING IN THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 28, TOWNSHIP 2 NORTH, RANGE 31 WEST, ESCAMBIA COUNTY, FLORIDA. OR 9504 P 977
Utilities
Heating system
Central
Amenities
indoor laundry room
private backyard access door
Building Details
Year built
2026
Number of units
2
Roof type
Shingle
Buildings
1
Listing Agency:
Bastion Realty LLC
(850) 420-1959
Listed By:
Brianna Martin
(850) 876-0431
Added: Oct 27
Last Checked: Oct 28 at 5:06PM
MLS# 690524
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 1,970-square-foot duplex is under construction and comprises two 2-bedroom, 2-bathroom units, each just under 1,000 square feet. Both units have an indoor laundry room and a door providing access to a private backyard. The property has central heating, an electric water heater, a shingle roof, and driveway parking.
Restaurants, shopping, and grocery stores are a short drive away in Cantonment.
Restaurants, shopping, and grocery stores are a short drive away in Cantonment.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units, each just under 1,000 square feet
- 1,970‑square‑foot duplex, under construction
- Indoor laundry room and private backyard access in each unit
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
30
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private backyard access and indoor laundry rooms.
Where is this duplex located?
The property is located at 3315 N Hwy 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 2‑bedroom, 2‑bathroom units, each just under 1,000 square feet; 1,970‑square‑foot duplex, under construction; Indoor laundry room and private backyard access in each unit
