Duplex with New
For Sale
$121,500
3409 W Scott St, Pensacola, FL 32505
MULTI_FAMILY - Pensacola, FL
Property Size1,056 SF
Price / SF$115.06
Days on Market47
Property Features for 3409 W Scott St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Appliances
Electric Water Heater
Lot features
Central Access
Elementary school
Weis
Middle school
WARRINGTON
High school
Pine Forest
Directions
going north on W st, turn left on w scott and the property is on the left
Standard status
Active
APN
162S304101000000
Size
1,056 SF
Taxes and HOA fees
Tax Description
ALSO BEG 1036 4/10 FT E OF NW COR OF LT 4 S 33 FT W 66 FT CONTINUE W 201 4/10 FT FOR POB S 120 FT W 67 FT N 120 FT E 67 FT TO POB OR 8709 P 112
Legal Description
ALSO BEG 1036 4/10 FT E OF NW COR OF LT 4 S 33 FT W 66 FT CONTINUE W 201 4/10 FT FOR POB S 120 FT W 67 FT N 120 FT E 67 FT TO POB OR 8709 P 112
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1968
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Composition
Listing Agency:
Flatfee.com Inc.
(877) 575-5505
Listed By:
Cliff Glansen · License #88060
(954) 965-3990
Added: Jul 1
Changed: Aug 2
Last Checked: Aug 16 at 9:06AM
MLS# 685261
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.
Investment Insights
Based on property information with market context.
Duplex investment property with solid concrete block construction and a slab foundation. The building offers two separate one-bedroom, one-bathroom units, each with tile flooring and a wall/window unit cooling setup. An electric water heater is included, and the roof is described as newly installed, with a composition roof noted.
The property is located at 3409 W Scott St in Pensacola, in Escambia County, FL (32505). Each unit will require interior updates and repairs, creating room to refresh finishes and improve the overall presentation.
Built in 1968, this duplex is well suited for an owner-occupant looking to house hack or for an investor seeking a manageable, two-unit layout with a major exterior improvement already completed.
The property is located at 3409 W Scott St in Pensacola, in Escambia County, FL (32505). Each unit will require interior updates and repairs, creating room to refresh finishes and improve the overall presentation.
Built in 1968, this duplex is well suited for an owner-occupant looking to house hack or for an investor seeking a manageable, two-unit layout with a major exterior improvement already completed.
Key Highlights
- 1,056 SF duplex with two separate one‑bedroom, one‑bath units
- New composition roof per seller improvement notes
- Concrete block construction with slab foundation
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
$10,393
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
8.55%
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%
$207,860
$207.9K
Cap Rate 7%
$148,471
$148.5K
Cap Rate 9%
$115,478
$115.5K
Market Conditions
NOI Build-Up for 1,056 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
$17.1K $16.20/SF
− Vacancy
−$2.3K −$2.14/SF
EGI
$14.8K $14.06/SF
− OpEx
−$4.5K −$4.22/SF
NOI
$10.4K $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 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%
$207,860
Cap Rate 7%
$148,471
Cap Rate 9%
$115,478
Alternative Uses
Best Use
Multifamily LT 5
$148.5K
$129.9K – $173.2K
NOI $10,393 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$136.3K
$119.3K – $159.0K
NOI $9,541 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,069
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 - Concrete-block duplex with two one-bedroom, one-bath units and a newly installed roof, ready for interior updates.
Where is this duplex located?
The property is located at 3409 W Scott St Pensacola, FL.
What is the asking price?
The asking price for this property is $121,500.
What are key features of this property?
This property features: 1,056 SF duplex with two separate one‑bedroom, one‑bath units; New composition roof per seller improvement notes; Concrete block construction with slab foundation
