Quadplex with Flexible Bonus
For Sale
$765,000
600 E Jackson St, Pensacola, FL 32501
Residential Income, Pensacola, FL
Property Size3,246 SF
Price / SF$235.67
Days on Market109
Property Features for 600 E Jackson St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Window features
Drapes
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Bonus Room
Exterior features
Balcony
Subdivision
East King Tract
Lot features
Corner Lot, Historic District
Elementary school
Global Learning Academy
Middle school
WORKMAN
High school
Pensacola
Directions
On the corner of N 6th Ave and E Jackson St.
Standard status
Active
APN
000S009020003011
Size
3,246 SF
Taxes and HOA fees
Tax Description
LT 3 LESS N 45 FT BLK 11 EAST KING TRACT OR 8763 P 1205 CA 67
Legal Description
LT 3 LESS N 45 FT BLK 11 EAST KING TRACT OR 8763 P 1205 CA 67
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Multi Units
Building Details
Year built
1908
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Roof type
Shingle
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Abigail Barnett
(850) 529-8505
Added: Jun 11
Changed: Sep 12
Last Checked: Sep 27 at 9:06AM
MLS# 684210
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 3,246-square-foot quadplex, built in 1908, contains four distinct residential units and an additional flexible space with a full bathroom. Unit A has two bedrooms, one bathroom, a full kitchen, and a screened porch. Unit B includes one bedroom, one bathroom, a kitchenette, and its own screened porch. Unit C is configured as a studio with a kitchenette, while Unit D provides two bedrooms, one bathroom, and a private balcony on the second floor. The property also includes hardwood and tile flooring, central heating, ceiling fans, multi-unit cooling, a shingle roof, and patio and deck areas.
Located near Downtown Pensacola, Blue Wahoo's Stadium, restaurants, shopping, and the waterfront, the property is positioned within a neighborhood experiencing new construction and luxury development. An FHA-assumable mortgage is also in place, subject to lender and FHA qualification requirements.
Located near Downtown Pensacola, Blue Wahoo's Stadium, restaurants, shopping, and the waterfront, the property is positioned within a neighborhood experiencing new construction and luxury development. An FHA-assumable mortgage is also in place, subject to lender and FHA qualification requirements.
Key Highlights
- 3,246‑square‑foot quadplex built in 1908
- Four units plus flexible space with a full bathroom
- Unit mix includes 2‑bedroom, 1‑bedroom, studio, and 2‑bedroom layouts
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
$31,947
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
4.18%
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%
$638,940
$638.9K
Cap Rate 7%
$456,386
$456.4K
Cap Rate 9%
$354,967
$355.0K
Market Conditions
NOI Build-Up for 3,246 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
$52.6K $16.20/SF
− Vacancy
−$6.9K −$2.14/SF
EGI
$45.6K $14.06/SF
− OpEx
−$13.7K −$4.22/SF
NOI
$31.9K $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%
$638,940
Cap Rate 7%
$456,386
Cap Rate 9%
$354,967
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.5K
NOI $31,947 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$419.0K
$366.6K – $488.8K
NOI $29,329 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$952.7K
$833.6K – $1.11M
NOI $66,686 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
Explore this area
Business Placement
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
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?
Quadplex - Four residential units offer varied layouts, private outdoor areas, and an additional finished space with a full bathroom.
Where is this quadplex located?
The property is located at 600 E Jackson St Pensacola, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 3,246‑square‑foot quadplex built in 1908; Four units plus flexible space with a full bathroom; Unit mix includes 2‑bedroom, 1‑bedroom, studio, and 2‑bedroom layouts
