Two-Unit Duplex with Shared
For Sale
$125,000
Pending
4210 Gaffney St, Pensacola, FL 32505
Residential Income, Pensacola, FL
Property Size800 SF
Lot Size0.04 Acres
Days on Market52
Property Features for 4210 Gaffney St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Res Multi
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Appliances
Electric Water Heater
Lot features
Central Access
Elementary school
Global Learning Academy
Middle school
WARRINGTON
High school
Pensacola
Directions
From W Street (FL-295): Head west on Massachusetts Ave. Continue for about 0.6 miles. Turn right onto Gaffney St. Follow Gaffney St for about 0.2 miles. 4210 Gaffney St will be on your left.
Standard status
Pending
APN
342S300950002003
Size
800 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
BEG AT INTER OF S LI OF JACKSON ST & E LI OF LT 95 WLY ALG S LI 180 24/100 FT SLY ALG W LI OF WIGGINS AVE 449 2/10 FT TO N LI OF GAFFNEY ST WLY ALG N LI 95 FT FOR POB CONT 40 FT NLY PARL TO W LI OF WIGGINS AVE 60 FT ELY PARL TO N LI OF GAFFNEY ST 40 FT SLY 60 FT TO POB LESS BEG AT INTER OF S LI OF JACKSON ST & E LI OF LT 95 WLY ALG S LI 180 24/100 FT SLY ALG W LI OF WIGGINS AVE 449 2/10 FT TO N LI OF GAFFNEY ST WLY ALG N LI 135 FT N 16 DEG 46 MIN W 50 5/10 FT FOR POB CONT 9 5/10 FT N 89 DEG 28 MIN E 40 FT S 16 DEG 46 MIN E 9 5/10 FT S 80 DEG 28 MIN W 40 FT TO POB PLAT DB 128 P 575 OR 5403 P 1629 CA 167
Legal Description
BEG AT INTER OF S LI OF JACKSON ST & E LI OF LT 95 WLY ALG S LI 180 24/100 FT SLY ALG W LI OF WIGGINS AVE 449 2/10 FT TO N LI OF GAFFNEY ST WLY ALG N LI 95 FT FOR POB CONT 40 FT NLY PARL TO W LI OF WIGGINS AVE 60 FT ELY PARL TO N LI OF GAFFNEY ST 40 FT SLY 60 FT TO POB LESS BEG AT INTER OF S LI OF JACKSON ST & E LI OF LT 95 WLY ALG S LI 180 24/100 FT SLY ALG W LI OF WIGGINS AVE 449 2/10 FT TO N LI OF GAFFNEY ST WLY ALG N LI 135 FT N 16 DEG 46 MIN W 50 5/10 FT FOR POB CONT 9 5/10 FT N 89 DEG 28 MIN E 40 FT S 16 DEG 46 MIN E 9 5/10 FT S 80 DEG 28 MIN W 40 FT TO POB PLAT DB 128 P 575 OR 5403 P 1629 CA 167
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
shared laundry room
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Better Homes And Gardens Real Estate Main Street Properties
(850) 912-4123
Listed By:
Robin Edwards
(850) 499-8441
Added: Jul 9
Changed: Aug 23
Last Checked: Aug 29 at 3:06PM
MLS# 685642
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 800-square-foot duplex, built in 1942, contains two separate efficiency apartments configured as 1BR/1BA units. Each apartment includes a full kitchen, while a shared laundry room is located on the lower level. The property has composition roofing installed in 2021, a passing 4-point inspection, wall or window cooling, and an electric water heater.
Set on 0.0367 acres in Pensacola, the property is near shopping, restaurants, schools, and major roadways. Downtown Pensacola, NAS Pensacola, and major employment centers are accessible from the property. The surrounding area is identified as multifamily-zoned, supporting the property's duplex configuration.
Set on 0.0367 acres in Pensacola, the property is near shopping, restaurants, schools, and major roadways. Downtown Pensacola, NAS Pensacola, and major employment centers are accessible from the property. The surrounding area is identified as multifamily-zoned, supporting the property's duplex configuration.
Key Highlights
- Two separate 1BR/1BA efficiency apartments
- 800 square feet on a 0.0367‑acre lot
- Full kitchen included in each apartment
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
$7,874
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
6.30%
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%
$157,480
$157.5K
Cap Rate 7%
$112,486
$112.5K
Cap Rate 9%
$87,489
$87.5K
Market Conditions
NOI Build-Up for 800 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
$13.0K $16.20/SF
− Vacancy
−$1.7K −$2.14/SF
EGI
$11.2K $14.06/SF
− OpEx
−$3.4K −$4.22/SF
NOI
$7.9K $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%
$157,480
Cap Rate 7%
$112,486
Cap Rate 9%
$87,489
Alternative Uses
Best Use
Multifamily LT 5
$112.5K
$98.4K – $131.2K
NOI $7,874 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$103.3K
$90.4K – $120.5K
NOI $7,228 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$234.8K
$205.4K – $273.9K
NOI $16,435 @ 7.0% cap · market cap 13.15%
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
521
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story layout includes full kitchens and a lower-level shared laundry room.
Where is this duplex located?
The property is located at 4210 Gaffney St Pensacola, FL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two separate 1BR/1BA efficiency apartments; 800 square feet on a 0.0367‑acre lot; Full kitchen included in each apartment
