Residential Income Multifamily
816 Bloodworth Lane Pensacola, FL 32504
816 Bloodworth Lane, Pensacola, FL, 32504
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For Sale
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Well-maintained multifamily residences with organized systems and accessible parking and drive aisles for straightforward operations.
Property Size1,642 SF
Price / SF$240.56
Days on Market44
Property Features for 816 Bloodworth Lane
General Information
- Standard status
- Active
- Size
- 1,642 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1943
Listing Agency
Beau Box Commercial Real Estate
Listed by
Rick Appleyard · License #FL SL3600713
Source
Crexi
Added: Jun 4 Checked: Jul 15 at 10:06 pm
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
816 Bloodworth Lane is a thoughtfully configured multifamily offering with well-proportioned residences featuring functional layouts and durable finishes. Communal amenities are maintained, and the building’s systems are organized to support efficient day-to-day operations. Managed exterior spaces provide tenants with comfortable outdoor areas.
The property is set on a site designed for accessible drive aisles and parking, supporting practical resident and service access. This on-site arrangement helps maintain smooth circulation for arrivals and routine property needs.
For investors or operators seeking a stabilized multifamily asset, the combination of maintained communal amenities, organized building systems, and functional living spaces is built to support ongoing occupancy. The accessible drive and parking layout also makes the property practical to manage, service, and maintain over time.
The property is set on a site designed for accessible drive aisles and parking, supporting practical resident and service access. This on-site arrangement helps maintain smooth circulation for arrivals and routine property needs.
For investors or operators seeking a stabilized multifamily asset, the combination of maintained communal amenities, organized building systems, and functional living spaces is built to support ongoing occupancy. The accessible drive and parking layout also makes the property practical to manage, service, and maintain over time.
Key Highlights
- Year built: 1943
- Multifamily property with well‑proportioned residences and functional layouts
- Communal amenities maintained for tenant retention
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $19.08 |
| − Vacancy | −$4.4k | −$2.65 |
| EGI | $27.0k | $16.43 |
| − OpEx | −$12.1k | −$7.39 |
| NOI | $14.8k | $9.04 |
1,642 SF · lease $19.08/SF/yr · vacancy 13.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$211.9K
$185.5K – $247.3K
NOI $14,836 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Well-maintained multifamily residences with organized systems and accessible parking and drive aisles for straightforward operations.
Where is this multifamily property located?
The property is located at 816 Bloodworth Lane Pensacola, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Year built: 1943; Multifamily property with well‑proportioned residences and functional layouts; Communal amenities maintained for tenant retention
