Investment opportunity ~ cash, as is sale for 2 properties, both with leases. 700 per month on the house and 650 per month on the Apartment. (House lease up in June, Apt. lease just renewed for a year.) This is great income producing property with 1350 monthly revenue providing a Cap rate of 14.5 to any investor.
1947Year Built
7,253 sq ftLot Size
$228Est. Price/Sq.Ft.
2 spacesParking
Listed by Rodney Cantrell• MARK DOWNEY & ASSOCIATES, INC.
Bought with Rodney Cantrell• MARK DOWNEY & ASSOCIATES, INC.
Source:PARMLS #600886
Redfin Estimate
$155,712
$6,712 since sold in July 2024
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 1.7% higher than the average sale price ($153K) of 6 comparable homes.
Investment opportunity ~ cash, as is sale for 2 properties, both with leases. 700 per month on the house and 650 per month on the Apartment. (House lease up in June, Apt. lease just renewed for a year.) This is great income producing property with 1350 monthly revenue providing a Cap rate of 14.5 to any investor.
PARMLS #512405
May 26, 2017
Sold
$51,000
$75/sq ft
Feb 6, 2017
Listed
$56,000
$82/sq ft
PARMLS #473563
Jul 18, 2015
Listing Removed
—
Dec 1, 2014
Listed
$49,900
$73/sq ft
Public Records
Mar 14, 2003
Sold
$48,000
$70/sq ft
Public Records
Jul 1, 1986
Sold
$22,600
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,688 (+17.9%)
$15,000 + $77,077
$92,077
2024
$1,432 (+1.7%)
$15,000 + $76,337
$91,337
2023
$1,408 (+20.4%)
$15,000 + $72,260
$87,260
2022
$1,170 (+7.0%)
2021
$1,093 (+9.6%)
2020
$998 (+3.8%)
$7,500 + $47,367
$54,867
2019
$961 (+3.2%)
$7,500 + $47,367
$54,867
2018
$931 (−3.8%)
$7,500 + $44,210
$51,710
2017
$968 (−2.6%)
$7,600 + $42,501
$50,101
2016
$994 (+17.6%)
$7,600 + $43,424
$51,024
2014
$845
Tax history for 34 Lincoln Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,688 (+17.9%)
$15,000 + $77,077
$92,077
2024
$1,432 (+1.7%)
$15,000 + $76,337
$91,337
2023
$1,408 (+20.4%)
$15,000 + $72,260
$87,260
2022
$1,170 (+7.0%)
2021
$1,093 (+9.6%)
2020
$998 (+3.8%)
$7,500 + $47,367
$54,867
2019
$961 (+3.2%)
$7,500 + $47,367
$54,867
2018
$931 (−3.8%)
$7,500 + $44,210
$51,710
2017
$968 (−2.6%)
$7,600 + $42,501
$50,101
2016
$994 (+17.6%)
$7,600 + $43,424
$51,024
2014
$845
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
MDR
Medium Density Residential District
The medium density residential (MDR) district establishes appropriate areas and land use regulations for residential uses at medium densities within suburban or urban areas. The primary intent of the district is to provide for residential neighborhood development in an efficient urban pattern of well-connected streets and at greater dwelling unit density than the low density residential district. Residential uses within the MDR district are limited to single-family and two-family dwellings. The district allows non-residential uses that are compatible with suburban and urban residential neighborhoods.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Infrastructure
Marina
Housing-Mobile home park
Park & open space
Mar 10, 2025 • Final
Residential
Perform a shingle reroof on a two-family residential building. Install new shingles and underlayment.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Bathroom Fixtures: 3
Heating & Cooling
Heating Type: Unit
Exterior
Exterior Information
Foundation Type: Wood
Construction Type: Wood/Steel
Building Construction Quality: Below Average
Exterior Wall: Vinyl
Roof Covering Type: Composition Shingle
Roof Framing Type: Wood
Roof Shape Type: Composition Shingle
Building Type: Single Family
Property Information
Subdivision Name: CARVER HEIGHTS
Living Sq. Ft: 682
Gross Sq. Ft: 697
Adjusted Gross Sq. Ft: 682
Ground Floor Sq. Ft: 682
Building Sq. Ft: 682
# of Stories: 1
Legal Description: LT 2 BLK 5 CARVER HEIGHTS PB 1 P 95/97 OR 9181 P 1764 CA 217
Lot Information
# of Buildings: 2
Land Sq. Ft: 7,253
Legal Lot Number: 2
Legal Block Number: 5
Acres: 0.1665
Zoning Code: MDR
State Use Description: MULTI-FAM 1-9 UNITS
Financial
Assessor Information
Assessment Year: 2025
Tax District County: COUNTY MSTU
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 682
Stories: 1.0
Lot Size: 7,253 square feet
Style: Other
Year Built: 1947
Year Renovated: 1955
County: Escambia County
APN: 502S305050020005
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Navy Point Elementary School
Public PreK-5 • Assigned • 0.6mi
2/10
Jim C. Bailey Middle School
Public 6-8 • Assigned • 8.0mi
5/10
Escambia High School
Public 9-12 • Assigned • 2.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 23 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Pensacola, FL • 32507
Average low and high temperatures (°F)
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73
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47
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$148,000 – $180,000
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