Upper-Lower Duplex with
7 Odess Ln, Pensacola, FL 32507
For Sale
$275,000
Residential Income, Pensacola, FL
Property Size1,420 SF
Lot Size0.05 Acres
Price / SF$193.66
Days on Market51
Property Features for 7 Odess Ln
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
KELLER WILLIAMS REALTY GULF COAST
Listed By:
Nathan Baker
(850) 471-5000
Added: Sep 23
Changed: Oct 15
Last Checked: Nov 12 at 8:06PM
MLS# 689412
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.
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Investment Insights
Based on property information with market context.
Built in 1938, this 1,420-square-foot frame duplex is arranged as upper and lower units within a two-bath residence. The units share utilities and could be returned to a single-unit configuration. Central heating and central air conditioning serve the property, while a carport provides covered parking. The home sits on a 0.0485-acre lot with a shingle roof.
Both units are leased through early 2027. Public water and public sewer serve the property, and the location is near downtown Pensacola.
Both units are leased through early 2027. Public water and public sewer serve the property, and the location is near downtown Pensacola.
Key Highlights
- Two‑unit upper‑and‑lower configuration
- 1,420 square feet on a 0.0485‑acre lot
- Both units leased through early 2027
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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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
$267,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pensacola, FL
Properties on Market for Duplexes in Pensacola
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Frame duplex with two leased units, shared utilities, central HVAC, and a carport near downtown Pensacola.
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 upper‑and‑lower configuration; 1,420 square feet on a 0.0485‑acre lot; Both units leased through early 2027
