Investment opportunity in Pensacola! This versatile triplex offers three separate units and approximately 2,240 square feet of total living space, providing an excellent opportunity for investors looking to expand their rental portfolio. The main two-story building features two spacious 2-bedroom, 1-bath units, each with its own living area and kitchen, while the separate rear unit provides additional rental income with its own kitchen, bedroom and bath. Each unit is separately metered and offers washer and dryer hookups, allowing tenants to pay their own utilities. Adding to the property's investment potential, plans have already been completed for an additional unit, offering an opportunity for future expansion and increased rental income, subject to applicable permitting and approvals. The property is fully fenced and includes additional outdoor space that can accommodate parking, storage or recreational use. Zoned HC/LI, the property offers flexibility for a variety of potential residential and commercial uses, subject to applicable zoning requirements. Conveniently located near downtown Pensacola with easy access to major roadways, shopping, dining and area employers. Whether you're looking for an income-producing property today or an investment with additional growth potential, 1303 N W Street offers a unique opportunity.
| Listing ID: | 689006 |
|---|---|
| List Price: | $499,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Waterfront?: | No |
| City: | Pensacola |
| County Or Parish: | Escambia - Fl |
| Subdivision Name: | Welles Brownsville |
| Postal Code: | 32505 |
| Year Built: | 1960 |
| Number Of Units Total: | 3 |
| Cooling: | Central Air |
| Heating: | Central |
| Lot Features: | Central Access |
| Lot Size Dimensions: | 50 X 135 |
| Parking Features: | Parking Lot |
| State Or Province: | FL |
| Building Area Total: | 2,240 |
| Heating?: | Yes |
| Levels: | Two |
| Living Area Units: | Square Feet |
| Parcel Number: | 332S301000091016 |
| Property Condition: | Resale |
| Roof: | Shingle |
| Building Name: | None |
| Construction Materials: | Frame |
| Cooling?: | Yes |
| Directions: | South on W street to just before Cervantes Street. Property is on the right. |
| Elementary School: | Oakcrest |
| High School: | Pensacola |
| Leasable Area Units: | Square Feet |
| Middle Or Junior School: | WARRINGTON |
| Original List Price: | $499,000 |
| Possession: | Close Of Escrow |
| Stories: | 2 |
| Basement: | false |
| Building Area Units: | Square Feet |
| Electric: | Circuit Breakers |
| List Price Low: | $499,000 |
| Lot Size Units: | Acres |
| Price Per Sqft: | 222.77 |
| Sale/Rent: | For Sale |
Listing Courtesy of: LPT Realty
Listing Agent: Kimberlee Bell
Kimberleebell@yahoo.com
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Pensacola Association of REALTORS® data last updated on October 08, 2026 07:18 PM - ET.
Property Last Updated: October 08, 2026 07:18 PM - ET
