Duplex with Saltwater
For Sale
$285,000
Pending
3781 Nobles St, Pensacola, FL 32514
Residential Income, Pensacola, FL
Property Size2,160 SF
Days on Market370
Property Features for 3781 Nobles St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Exercise Room
Interior features
Gym/Workout Room, Office/Study
Subdivision
Tippin
Lot features
Interior Lot
Elementary school
Scenic Heights
Middle school
FERRY PASS
High school
Washington
Directions
GO NORTH ON DAVIS, LEFT ON OLIVE AND RIGHT ON HENDRIX, GO RIGHT ON NOBLES ST BUT WATCH OUT FOR THE BIG DIP. HOUSE IS ON THE LEFT.
Standard status
Pending
APN
071S292000001015
Size
2,160 SF
Taxes and HOA fees
Tax Description
LT 1 BLK 15 TIPPIN S/D PB 3 P 39 LESS R/W STATE RD 8 LAW NO 64/805 OR 4087 P 143 OR 5218/5575 P 1533/562 OR 6892 P 556 OR 8216 P 722 OR 8253 P 634 OR 8148 P 96 ALSO E 33 FT OF VACATED BOYD AVE LYING ADJ TO LT 1 BLK 15 TIPPIN S/D PB 3 P 39 OR 8188 P 132
Legal Description
LT 1 BLK 15 TIPPIN S/D PB 3 P 39 LESS R/W STATE RD 8 LAW NO 64/805 OR 4087 P 143 OR 5218/5575 P 1533/562 OR 6892 P 556 OR 8216 P 722 OR 8253 P 634 OR 8148 P 96 ALSO E 33 FT OF VACATED BOYD AVE LYING ADJ TO LT 1 BLK 15 TIPPIN S/D PB 3 P 39 OR 8188 P 132
Utilities
Heating system
Central
Amenities
inground saltwater pool
screened porch
deck
patio
stone fireplace
inside laundry
covered entrance
workshop
Building Details
Year built
1979
Number of units
2
Roof type
Composition
Listing Agency:
Epique Realty, Inc.
(888) 893-3537
Listed By:
Claudia Magilke · License #10375
(850) 485-0353
Added: Oct 9, 2025
Changed: Oct 8
Last Checked: Oct 13 at 6:06PM
MLS# 672105
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.
This 2,160-square-foot duplex, built in 1979, contains two residences. Unit A has two bedrooms, one full bath, an updated kitchen, interior laundry, and a screened porch with deck access to the inground saltwater pool. Unit B offers two bedrooms and one and a half baths, along with a large kitchen and eating area, a living room with a stone fireplace and built-in cabinetry, and a single-car garage. Its additional room is used as a guitar room, with potential for workshop or craft space as described in the property details.
Both residences connect to screened porch areas. The outdoor features also include a patio, sheds, and a large yard. Unit B has interior laundry, while Unit A’s laundry is located inside the residence.
Both residences connect to screened porch areas. The outdoor features also include a patio, sheds, and a large yard. Unit B has interior laundry, while Unit A’s laundry is located inside the residence.
Key Highlights
- Two residences totaling 2,160 square feet
- Unit A: 2 bedrooms, 1 full bath, updated kitchen, and interior laundry
- Unit B: 2 bedrooms, 1.5 baths, and a single‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,259
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,180
$425.2K
Cap Rate 7%
$303,700
$303.7K
Cap Rate 9%
$236,211
$236.2K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$35.0K $16.20/SF
− Vacancy
−$4.6K −$2.14/SF
EGI
$30.4K $14.06/SF
− OpEx
−$9.1K −$4.22/SF
NOI
$21.3K $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%
$425,180
Cap Rate 7%
$303,700
Cap Rate 9%
$236,211
Alternative Uses
Best Use
Multifamily LT 5
$303.7K
$265.7K – $354.3K
NOI $21,259 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$278.8K
$244.0K – $325.3K
NOI $19,516 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$633.9K
$554.7K – $739.6K
NOI $44,375 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share screened outdoor spaces, a single-car garage, and an inground pool.
Where is this duplex located?
The property is located at 3781 Nobles St Pensacola, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two residences totaling 2,160 square feet; Unit A: 2 bedrooms, 1 full bath, updated kitchen, and interior laundry; Unit B: 2 bedrooms, 1.5 baths, and a single‑car garage
