Four-Unit New Construction
For Sale
$700,000
6321 Denver Ave, Pensacola, FL 32526
Two duplex buildings provide a mix of two- and three-bedroom residences with dedicated parking at each unit.
Property Size4,122 SF
Price / SF$169.82
Days on Market189
Property Features for 6321 Denver Ave
General Information
Standard status
Active
Size
4,122 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
4,122 SF
Year Built
2026
Buildings
2
Listing Agency:
KELLER WILLIAMS REALTY GULF COAST
Listed By:
Travis Talley · License #3292694
(850) 490-1519
Source:
Bastionrealtysouth
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 26 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY GULF COAST
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Planned for completion in 2026, this four-unit property comprises two duplex buildings on one parcel. The front building has two 2-bedroom, 2-bathroom residences of approximately 933 square feet each. At the rear, two 3-bedroom, 2-bathroom residences measure approximately 1,128 square feet each. Total building area is 4,122 square feet.
Planned interior finishes include quartz counters in kitchens and bathrooms, stainless steel GE or Samsung appliances, and luxury vinyl plank flooring. The specified exterior materials include concrete Hardie board siding and a 30-year GAF Timberline architectural shingle roof. Each residence is planned to have striped parking spaces and parking bumpers directly in front. The property is near local schools and minutes from Mobile Highway.
Planned interior finishes include quartz counters in kitchens and bathrooms, stainless steel GE or Samsung appliances, and luxury vinyl plank flooring. The specified exterior materials include concrete Hardie board siding and a 30-year GAF Timberline architectural shingle roof. Each residence is planned to have striped parking spaces and parking bumpers directly in front. The property is near local schools and minutes from Mobile Highway.
Key Highlights
- Four residences in two duplex buildings on one parcel
- Total building area of 4,122 square feet
- Two 2‑bedroom, 2‑bathroom units at approximately 933 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,569
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,380
$811.4K
Cap Rate 7%
$579,557
$579.6K
Cap Rate 9%
$450,767
$450.8K
Market Conditions
NOI Build-Up for 4,122 SF
Gross rent
$66.8K $16.20/SF
− Vacancy
−$8.8K −$2.14/SF
EGI
$58.0K $14.06/SF
− OpEx
−$17.4K −$4.22/SF
NOI
$40.6K $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%
$811,380
Cap Rate 7%
$579,557
Cap Rate 9%
$450,767
Alternative Uses
Best Use
Multifamily LT 5
$579.6K
$507.1K – $676.2K
NOI $40,569 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.7K
NOI $37,244 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,683 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 32526, FL
43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings provide a mix of two- and three-bedroom residences with dedicated parking at each unit.
Where is this quadplex located?
The property is located at 6321 Denver Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four residences in two duplex buildings on one parcel; Total building area of 4,122 square feet; Two 2‑bedroom, 2‑bathroom units at approximately 933 square feet each
