Four-Unit Multifamily
9241 Mabel St, Pensacola, FL 32514
For Sale
$648,000
Residential Income, Pensacola, FL
Property Size3,432 SF
Price / SF$188.81
Days on Market72
Property Features for 9241 Mabel St
General Information
Property type
Property subtype
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Amenities
stackable washer and dryer
ceiling fans
covered front porch
open back patio
large backyard
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Rising Star Real Estate
(850) 613-6832
Listed By:
Amy Willis Pecht · License FL #3446727
(850) 420-5663
Added: Sep 2
Changed: Nov 10
Last Checked: Nov 12 at 7:06PM
MLS# 688425
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 2019, this 3,432-square-foot multifamily property comprises two duplex buildings and four residences. Each unit has two bedrooms, two full bathrooms, an open living area, and a kitchen equipped with appliances. LVP flooring, central heating and air conditioning, and an in-unit stackable washer and dryer are also provided. Covered front porches and rear patios serve the units, with a backyard behind the buildings.
The property occupies more than half an acre in Pensacola, near local hospitals and the University of West Florida. All four units are occupied. Each residence includes two dedicated parking spaces.
The property occupies more than half an acre in Pensacola, near local hospitals and the University of West Florida. All four units are occupied. Each residence includes two dedicated parking spaces.
Key Highlights
- Two duplex buildings contain four units
- Built in 2019; 3,432 square feet on over half an acre
- Each unit has 2 bedrooms, 2 full bathrooms, and an open living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,009
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,180
$620.2K
Cap Rate 7%
$442,986
$443.0K
Cap Rate 9%
$344,544
$344.5K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$65.5K $19.08/SF
− Vacancy
−$9.1K −$2.65/SF
EGI
$56.4K $16.43/SF
− OpEx
−$25.4K −$7.39/SF
NOI
$31.0K $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%
$620,180
Cap Rate 7%
$442,986
Cap Rate 9%
$344,544
Alternative Uses
Best Use
Apartment 5plus
$443.0K
$387.6K – $516.8K
NOI $31,009 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,507 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Pensacola, FL
Properties on Market for Multifamily properties in Pensacola
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two recently built duplexes offer occupied residences with private outdoor areas and dedicated parking.
Where is this multifamily property located?
The property is located at 9241 Mabel St Pensacola, FL.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: Two duplex buildings contain four units; Built in 2019; 3,432 square feet on over half an acre; Each unit has 2 bedrooms, 2 full bathrooms, and an open living area
