Two-Unit
For Sale
$275,000
7 Odess Ln, Pensacola, FL 32507
Upper and lower residences share utility service and are leased through early 2027.
Property Size1,420 SF
Price / SF$193.66
Days on Market39
Property Features for 7 Odess Ln
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$32,700
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,420 SF
Year Built
1938
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY GULF COAST
Listed By:
Nathan Baker
Source:
Kuhnrealty
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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
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Investment Insights
Based on property information with market context.
This 1,420-square-foot duplex, built in 1938, contains an upper residence and a lower residence. The two units use shared utilities, and the layout could be returned to a single residence.
Both units are leased through early 2027. The property is near downtown Pensacola.
Both units are leased through early 2027. The property is near downtown Pensacola.
Key Highlights
- Two‑unit configuration with upper and lower residences
- 1,420 square feet; built in 1938
- Utilities are shared between the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,976
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,520
$279.5K
Cap Rate 7%
$199,657
$199.7K
Cap Rate 9%
$155,289
$155.3K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$23.0K $16.20/SF
− Vacancy
−$3.0K −$2.14/SF
EGI
$20.0K $14.06/SF
− OpEx
−$6.0K −$4.22/SF
NOI
$14.0K $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%
$279,520
Cap Rate 7%
$199,657
Cap Rate 9%
$155,289
Alternative Uses
Best Use
Multifamily LT 5
$199.7K
$174.7K – $232.9K
NOI $13,976 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$416.8K
$364.7K – $486.2K
NOI $29,173 @ 7.0% cap · market cap 10.61%
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
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 32507, FL
31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences share utility service and are leased through early 2027.
Where is this duplex located?
The property is located at 7 Odess Ln Pensacola, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit configuration with upper and lower residences; 1,420 square feet; built in 1938; Utilities are shared between the units
