Residential Income Multifamily
For Sale
$395,000
816 Bloodworth Lane, Pensacola, FL 32504
Well-maintained multifamily residences with organized systems and accessible parking and drive aisles for straightforward operations.
Property Size1,642 SF
Days on Market115
Property Features for 816 Bloodworth Lane
General Information
Standard status
Active
Size
1,642 SF
Property subtype
Multifamily
Building Details
Building Size
1,642 SF
Year Built
1943
Listing Agency:
Beau Box Florida LLC
Listed By:
Bill Ogburn · License #FL #BK3009661
(850) 261-8080
Source:
Beaubox
Added: Jun 16
Changed: Oct 3
Last Checked: Oct 7 at 10:50AM
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 Florida LLC
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,836
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,720
$296.7K
Cap Rate 7%
$211,943
$211.9K
Cap Rate 9%
$164,844
$164.8K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$31.3K $19.08/SF
− Vacancy
−$4.4K −$2.65/SF
EGI
$27.0K $16.43/SF
− OpEx
−$12.1K −$7.39/SF
NOI
$14.8K $9.04/SF
Area
Escambia County, FL
Vacancy
13.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,720
Cap Rate 7%
$211,943
Cap Rate 9%
$164,844
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
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?
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
