Four-Unit Quadplex with Modern
New
For Sale
$648,000
9241 Mabel St, Pensacola, FL 32514
Residential Income, Pensacola, FL
Property Size3,432 SF
Price / SF$188.81
Days on Market2
Property Features for 9241 Mabel St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Lot features
Interior Lot
Elementary school
Ferry Pass
Middle school
FERRY PASS
High school
Pine Forest
Directions
Traveling north on Davis Highway, Turn left on Copter Rd to left on Gloria Circle to right onto Mabel Street. Units on left.
Standard status
Active
APN
141S301101008001
Size
3,432 SF
Taxes and HOA fees
Tax Description
Commencing at the intersection of the South right-of-way line of U.S. Highway Alternate 90 and the West line of Lot 1, Section 14, Township 1 South, Range 30 West, Escambia County, Florida; thence South along the West line of said Lot 1 a distance of 775 feet; thence East 200 feet to the Point of Beginning; thence continue East 150 feet to the West line of Mabel Road; thence North 150 feet; thence West 150; thence South 150 feet to the Point of Beginning.
Legal Description
Commencing at the intersection of the South right-of-way line of U.S. Highway Alternate 90 and the West line of Lot 1, Section 14, Township 1 South, Range 30 West, Escambia County, Florida; thence South along the West line of said Lot 1 a distance of 775 feet; thence East 200 feet to the Point of Beginning; thence continue East 150 feet to the West line of Mabel Road; thence North 150 feet; thence West 150; thence South 150 feet to the Point of Beginning.
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
stackable washer and dryer
ceiling fans
covered front porch
open back patio
Building Details
Year built
2019
Floors in Building
1
Number of units
4
Building materials
Frame
Roof type
Shingle
Listing Agency:
Rising Star Real Estate
(850) 613-6832
Listed By:
Amy Willis Pecht · License #3446727
(850) 420-5663
Added: Sep 2
Last Checked: Sep 3 at 2:06PM
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.
Investment Insights
Based on property information with market context.
Built in 2019, this 3,432-square-foot quadplex consists of two duplex buildings containing four income-producing residences. All units are occupied and feature a consistent two-bedroom, two-bath layout with open living areas, durable LVP flooring, neutral finishes, and kitchens equipped with appliances. Central heating and central air serve the buildings, while each residence also includes a stackable washer and dryer, ceiling fans, and two dedicated parking spaces.
Outdoor features include covered front porches, open rear patios, and a large backyard. The property occupies more than half an acre at 9241 Mabel St in Pensacola, Florida, with proximity to local hospitals, major employers, healthcare facilities, shopping, dining, and the University of West Florida.
Outdoor features include covered front porches, open rear patios, and a large backyard. The property occupies more than half an acre at 9241 Mabel St in Pensacola, Florida, with proximity to local hospitals, major employers, healthcare facilities, shopping, dining, and the University of West Florida.
Key Highlights
- Four income‑producing units across 2 duplex buildings
- 3,432 SF quadplex built in 2019
- Fully occupied with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,560
$675.6K
Cap Rate 7%
$482,543
$482.5K
Cap Rate 9%
$375,311
$375.3K
Market Conditions
NOI Build-Up for 3,432 SF
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.
Gross rent
$55.6K $16.20/SF
− Vacancy
−$7.3K −$2.14/SF
EGI
$48.3K $14.06/SF
− OpEx
−$14.5K −$4.22/SF
NOI
$33.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,560
Cap Rate 7%
$482,543
Cap Rate 9%
$375,311
Alternative Uses
Best Use
Multifamily LT 5
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$443.0K
$387.6K – $516.8K
NOI $31,009 @ 7.0% cap · market cap 4.79%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied income property with two duplex buildings, updated finishes, private outdoor areas, and dedicated parking for each residence.
Where is this quadplex 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: Four income‑producing units across 2 duplex buildings; 3,432 SF quadplex built in 2019; Fully occupied with tenants in place
