Updated Two-Unit
For Sale
$425,000
9818 Vonna Jo Dr, Pensacola, FL 32506
Both residences have two bedrooms and one bathroom, with interior improvements made to each unit.
Property Size1,862 SF
Price / SF$228.25
Days on Market171
Property Features for 9818 Vonna Jo Dr
General Information
Standard status
Active
Size
1,862 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,862 SF
Year Built
1997
Listing Agency:
Levin Rinke Realty
Listed By:
Barbara Lewis · License #14845
(850) 741-8288
Source:
Luxpointrealestate
Added: May 14
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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 Levin Rinke Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,862-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Unit B received a bathroom renovation in 2023, along with new appliances, cabinetry, paint, and luxury vinyl plank flooring. Unit A has updated appliances and cabinetry, plus bathroom improvements. Exterior paint and lighting work were completed in 2022. The property also has HVAC systems and water heaters described as newer.
Tenants are responsible for all utilities. The property is near NAS Pensacola, shopping, dining, schools, and Gulf Coast beaches.
Tenants are responsible for all utilities. The property is near NAS Pensacola, shopping, dining, schools, and Gulf Coast beaches.
Key Highlights
- Two‑unit duplex totaling 1,862 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Unit B bathroom renovation completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,326
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,520
$366.5K
Cap Rate 7%
$261,800
$261.8K
Cap Rate 9%
$203,622
$203.6K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$30.2K $16.20/SF
− Vacancy
−$4.0K −$2.14/SF
EGI
$26.2K $14.06/SF
− OpEx
−$7.9K −$4.22/SF
NOI
$18.3K $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%
$366,520
Cap Rate 7%
$261,800
Cap Rate 9%
$203,622
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.4K
NOI $18,326 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$240.3K
$210.3K – $280.4K
NOI $16,824 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$546.5K
$478.2K – $637.6K
NOI $38,253 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 32506, FL
36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with interior improvements made to each unit.
Where is this duplex located?
The property is located at 9818 Vonna Jo Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,862 square feet; Each unit has 2 bedrooms and 1 bathroom; Unit B bathroom renovation completed in 2023
