Downtown Pensacola Real Estate | Downtown Pensacola Multi-Family Homes for Sale

MULTI-INVESTMENT OPPORTUNITY! TWO 2-bedroom, 1-bathroom mobile homes, ONE 1 bedroom 1 bathroom mobile home, and ONE VACANT LOT offers an excellent opportunity for investors, first-time buyers, or anyone looking for an affordable property with potential. Situated on a spacious lot with mature trees and plenty of outdoor space, these properties offers room to make it your own. The properties provides a great starting point for rental income, or future investment plans. Conveniently located near shopping, dining, schools, and major roadways. Bring your vision and take advantage of this unique investment opportunity! (Please refer to interior photos of 6804 Rolling Hills Rd for 6808 Rolling Hills Road this home as it has the same layout.)

6800 Blk Rolling Hills Rd, Pensacola

$375,000

2 Baths ⋅ 688613 MLS

OPEN HOUSE THIS SATURDAY 9/12 BETWEEN 2PM-4PM - Looking for a multi-family property, investment property, rental property or home with additional living quarters in Pensacola, FL? LIST PRICE INCLUDES BOTH PROPERTIES. MLS#688608. Two addresses, separate living potential, 2-car garage, corner lot, historic architecture, multi-family zoning, on .35 acre lot is waiting. At 298 Cartwright 1928 Spanish/Mediterranean-style brick home approx 1,208 sq ft, 3 bedrooms / 1 bath. Detached, 2 separate, two-story apts with 1,950 sq ft associated with 300 Cartwright, creates additional possible rental income. "AS IS", seller not able to make repairs. Convenient access to Navy Boulevard, Downtown Pensacola, NAS Pensacola, Pensacola Bay, area shopping, restaurants, employment centers and the Gulf Coast, Definitely a "Diamond in the Rough". Refer to MLS# 688610 for additional info on detached duplex. Buyer to verify all room measurements, materials, needed renovations.

298 Cartwright Ave, Pensacola

$400,000

4 Beds ⋅ 4 Baths ⋅ 688589 MLS

INVESTMENT OPPORTUNITY!!! New construction duplex featuring two just under 1,000-square-foot units that are 2-bedroom, 2-baths. Each unit includes an indoor laundry room and a private backyard access door. It is minutes from local restaurants, shopping, and grocery stores. This is a versatile property offering two separate residential units and convenient features for occupants. Book your showing today!

1998 N Roberts Cir, Pensacola

$400,000

4 Beds ⋅ 4 Baths ⋅ 688574 MLS

INVESTMENT OPPORTUNITY!!! New construction duplex featuring two just under 1,000-square-foot units that are 2-bedroom, 2-baths. Each unit includes an indoor laundry room and a private backyard access door. It is minutes from local restaurants, shopping, and grocery stores. This is a versatile property offering two separate residential units and convenient features for occupants. Book your showing today!

1971 N Roberts Cir, Pensacola

$648,000

688425 MLS

Fully occupied and already generating income, this exceptional investment opportunity sits on over half an acre and includes 2 duplex buildings for a total of 4 income-producing units. With reliable tenants already in place, this turnkey property offers immediate cash flow in a prime location near local hospitals and the University of West Florida. Built with modern appeal, each unit features a neutral color palette, durable LVP flooring throughout, an open-concept living area, two generously-sized bedrooms with ample closet space, and two full bathrooms. The well-appointed kitchens include all appliances, and each unit comes complete with a stackable washer and dryer, ceiling fans, and two dedicated parking spaces. Residents also enjoy a covered front porch and open back patio that extends the living space outdoors, overlooking a large backyard. Conveniently located near major employers, healthcare facilities, shopping, dining, and the University of West Florida, this low-maintenance property is an outstanding addition to any investment portfolio.

9241 Mabel St, Pensacola

$252,000

688183 MLS

INVESTMENT OPPORTUNITY – 3701 W Brainerd Street, Pensacola Excellent opportunity to add an income-producing duplex to your investment portfolio! Offered at $252,000, this property is situated on a desirable corner lot and features two 2-bedroom units with a combined rental income of $2,100 per month / $25,200 annually. Unit A rents for $900 per month and Unit B rents for $1,200 per month. Each unit offers 2 bedrooms and 1 bathroom, its own laundry area with washer and dryer, and updated bathrooms. The property also features a fenced backyard with privacy fencing, providing tenants with desirable private outdoor space. The corner-lot location adds visibility, accessibility, and additional appeal to this income-producing property. With both units generating rental income, this duplex offers investors the opportunity for immediate cash flow. Investment Snapshot • Purchase Price: $252,000 • Monthly Gross Rent: $2,100 • Annual Gross Rent: $25,200 A solid Pensacola investment opportunity with existing rental income, a corner-lot location, updated features, and long-term income potential.

3701 W Brainerd St Unit #A & B, Pensacola

$265,000

688059 MLS

All-Brick Duplex Near NAS Pensacola – Turnkey Investment Opportunity This all-brick duplex offers two 2-bedroom, 1-bath units, each just over 800 square feet, in a prime location near Naval Air Station Pensacola. You're just 5 minutes from the front gate, 10 minutes from the back gate, under 20 minutes to the sugar-white sands of Perdido Key, and less than 15 minutes to downtown Pensacola. This move-in ready property has been extensively updated and comes with an impressive list of warranties in place: New roof to be installed by the seller prior to closing Bath Fitter warranty one bathroom recently replaced. Hurricane rated Impact windows throughout, fully replaced with warranty/ Termite repair bond in place with warranty. New sewer connection – the county recently replaced and ran all new sewer lines, and the property is currently being connected Each unit currently rents for $900/month, with tenants responsible for all utilities and the owner covering lawn care. Current rents are below market, offering a new owner room to increase income. This has been a remarkably stable rental with tenants in place 5+ years and zero vacancy — a true set-it-and-forget-it investment.

2422 Eliasberg St, Pensacola

$314,700

4 Beds ⋅ 2 Baths ⋅ 687796 MLS

TURNKEY DUPLEX | STRONG RENTAL HISTORY | FURNISHED UNIT B! Welcome to 200 Holmes Dr, an income-producing duplex with extensive updates to both units and excellent rental potential. Whether you're an investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this property offers flexibility, updates, and established tenants. Unit A features central HVAC, new front and back doors, a new toilet, plumbing installed for a washer and dryer, and a new electrical panel. The unit is currently occupied by long-term tenants with a lease extending through December 2027 at $900/month. Washer and dryer are tenant-owned. Unit B has been completely renovated down to the studs and features new plumbing, a new kitchen, renovated bathroom, central HVAC, new back door, most windows replaced, new electrical panel, and plumbing for both laundry and a dishwasher. A stackable washer and dryer are included, and a new dishwasher. Additional improvements include a tankless gas water heater. Unit B is being sold fully furnished, with everything inside conveying with the sale. The unit has been successfully rented to military tenants for $1,575/month. The exterior has been thoughtfully improved with fresh paint, new sod, a complete irrigation system with a separate irrigation meter, and fencing for both units. With significant renovations already completed, established rental income, and a turnkey furnished second unit, 200 Holmes Dr is a great opportunity for an investor seeking a property with immediate income and future potential. Buyer to verify all lease terms, rental information, measurements, and features.

200 Holmes Ave, Pensacola

$290,000

2 Beds ⋅ 2 Baths ⋅ 687670 MLS

Investment Opportunity – Two Tenant-Occupied Manufactured Homes INVESTOR ALERT! This unique property offers two 2-bedroom, 2-bath manufactured homes on one property, providing an excellent opportunity for an investor looking for immediate rental income. Both homes are currently tenant occupied and fully rented. Each home features an open-concept kitchen and living area, laundry space, and a functional layout with bedrooms and bathrooms located on opposite ends of the home for added privacy. Located just off Nine Mile Road, this property puts you close to shopping, restaurants, medical facilities, schools, and the many conveniences this growing area has to offer. The Nine Mile Road corridor continues to attract new development and investment, making location a major advantage for rental properties. Whether you're looking to expand your rental portfolio or add an income-producing property to your investments, this is an opportunity you won't want to overlook. Both homes are tenant occupied, so please do not disturb the tenants. Showings are by appointment only. Don't wait—come see the potential for yourself!

9802 Fowler Ave, Pensacola

$1,950,000

687535 MLS

Excellent opportunity to acquire an established 14-unit multifamily portfolio consisting of one duplex and four triplexes, offered together as a single investment package. All units are currently occupied under annual leases, providing immediate rental income from day one. This offering provides investors the opportunity to acquire multiple income-producing properties in one transaction with existing tenants and leases already in place. The portfolio includes: 1 Duplex – 2 units 2bed 2 bath 4 Triplexes – 12 units(half are 2 bed 1 bath and half are 2 bed 1.5 bath) 14 total residential units All units currently leased on annual terms Established rental history Convenient Pensacola location Properties being offered together as a package PLEASE DO NOT DISTURB TENANTS. Showings and property access will be coordinated with qualified buyers. Financial information, rent roll, lease details, and additional property information available upon request.

1000 Sable Dr, Pensacola

$299,900

687499 MLS

Great opportunity to own a well-located duplex in a quiet Pensacola neighborhood, offering two separate units and strong versatility for an investor or owner-occupant. The property features 1,627 square feet of total living space, with each unit having 2 bed and 1 bath. Nestled among mature, shady trees, the property offers a peaceful residential setting while remaining conveniently close to everyday shopping, dining, major roadways, and the University of West Florida (UWF). The desirable location provides easy access to amenities and makes this property an attractive option for rental income, multigenerational living, or living in one unit while renting the other. 3 sets of duplexes can be sold as a package deal. Please contact agent.

1473 E Johnson Ave Unit #1471, Pensacola

$299,900

687497 MLS

Great opportunity to own a well-located duplex in a quiet Pensacola neighborhood, offering two separate units and strong versatility for an investor or owner-occupant. The property features 1,627 square feet of total living space, with each unit a 2 bed and 1 bath. Nestled among mature, shady trees, the property offers a peaceful residential setting while remaining conveniently close to everyday shopping, dining, major roadways, and the University of West Florida (UWF). The desirable location provides easy access to amenities and makes this property an attractive option for rental income, multigenerational living, or living in one unit while renting the other. 3 sets of duplexes can be sold as a package deal. Please contact agent.

1469 E Johnson Ave Unit #1467, Pensacola

$299,900

687494 MLS

Great opportunity to own a well-located duplex in a quiet Pensacola neighborhood, offering two separate units and strong versatility for an investor or owner-occupant. The property features 1,805 square feet of total living space, with 1451 E Johnson offering 2 bedrooms and 1 bathroom and 1453 E Johnson offering 3 bedrooms and 1 bathroom. Nestled among mature, shady trees, the property offers a peaceful residential setting while remaining conveniently close to everyday shopping, dining, major roadways, and the University of West Florida (UWF). The desirable location provides easy access to amenities and makes this property an attractive option for rental income, multigenerational living, or living in one unit while renting the other. 3 sets of duplexes can be sold as a package deal. Please contact agent.

1451 E Johnson Ave Unit #1453, Pensacola

$480,000

687183 MLS

Calling all local investors! This four-unit property is a turnkey opportunity with strong rental income potential. Current units in the complex are leasing between $1,000 and $1,150 per month, providing immediate cash flow. Each unit is separately metered, so tenants pay their own water and power—reducing owner expenses and maximizing profits. With low-maintenance features, a highly desirable location, and an established HOA that covers common lighting, lawn maintenance, and trash service, this property offers a hassle-free investment with long-term upside.

751 Tumbleweed Trl, Pensacola

$225,000

2 Baths ⋅ 687043 MLS

Attention investors and first-time homebuyers — this is the opportunity you've been waiting for! This well-maintained duplex features two units, each offering 2 bedrooms, 1 bath, and the convenience of in-unit laundry connections. One side is already occupied and generating $1,250/month in rental income, while the second unit sits vacant — ready for you to move in, lease out, or house-hack your way into homeownership. Whether you're looking to start building your investment portfolio or want to live in one unit while your tenant helps cover the mortgage, this duplex offers flexibility and immediate cash flow. Properties like this — with built-in income and upside potential — don't come around often. Schedule your showing today before this one is gone!

2121 Eliasberg Ave, Pensacola

$250,000

4 Beds ⋅ 2 Baths ⋅ 687003 MLS

This is a fantastic investment opportunity in the highly desirable Navy Point community that won't last long! This duplex features two 2-bedroom, 1-bath units, making it an ideal property for investors looking to generate rental income or owner-occupants seeking to offset their mortgage. Major capital improvements have already been completed providing peace of mind for years to come, including individual split-unit HVAC systems for each unit and a durable metal roof. The B-side has been completely remodeled and is rented at $1275/month till August of 2027 This unit features: -New tankless hot water heater (2026) -New stackable washer & dryer (2026) -New oven/range (2026) -New ceiling fans throughout the living room and bedrooms -Fresh interior paint throughout (2026) -Beautifully remodeled bathroom with new vanity (2026) -Updated kitchen countertops (2026) The A-side is being remodeled with completion by end of September: -Freshly Painted (2026) -Finished Bathroom Remodel (2026) -New LVP in bedrooms (2026) -New Ceiling Fans Throughout (2026) Whether you're looking for a turnkey investment with upside potential or a value-add project, this property offers the flexibility to fit your investment strategy. Located in the popular Navy Point neighborhood, you'll enjoy convenient access to downtown Pensacola, NAS Pensacola, waterfront parks, shopping, dining, and more. Don't miss your chance to own a versatile income-producing property with major system upgrades already completed and significant upside still available. Schedule your private showing today!

3 Ellinor Ct, Pensacola

$529,000

686976 MLS

Income-producing 4-plex located in a highly desirable area off 9 Mile Road near Highway 29! Each unit features 2 bedrooms and 1 bathrooms, offering strong rental appeal and consistent cash flow from day one. All four units are currently occupied with established leases in place: Current gross monthly income is $3,345 with ONE VACANT FOR IMMEDIATE MOVE IN, providing immediate returns with built-in upside potential. With lease expirations staggered throughout 2026, an investor has the opportunity to gradually increase rents to market rates while maintaining occupancy. Unit offers added flexibility, as it is converting to a month-to-month lease creating a prime opportunity for an owner-occupant to move in using a VA loan or for an investor to quickly adjust rents to market value. This property is ideally positioned less than one mile from the new Costco currently under construction which will bring significant growth, increased traffic, and long-term appreciation potential to the area. Conveniently located near shopping, dining, schools, and major commuting routes. Perfect opportunity for investors looking to expand their portfolio or for owner-occupants seeking to “house hack” and offset their mortgage with rental income. Don’t miss your chance to own a performing asset in one of Pensacola’s fastest-growing corridors! Roof age 2021 Verify other 4point ages during inspections. PLEASE DO NOT DISTURB TENANTS Buyer to verify all measurements and listing description

130 E 9 Mile Rd Unit #5, Pensacola

$775,000

4 Beds ⋅ 4 Baths ⋅ 686805 MLS

This is not a traditional house, but an architectural composition—a modern, minimalist structure measuring 2,180 square feet total, clad in stucco and capped by a durable, flat membrane roof that seems to disappear straight into the Florida sky. Below, a rhythmic loggia of three arches frames a grand entry arcade. Above, a expansive glass-railed terrace spans the width of the second story, serving as an elevated outdoor parlor perfect for morning espresso or late-night copas. Both units are designed for the modern flâneur, each configured with two bedrooms and two baths, arranged with a deliberate lack of clutter. Resilient, wood-grain luxury vinyl floors stretch across the living spaces, transitioning to classic tile in the bathrooms and balconies. In the kitchens, sleek, reflective acrylic slab cabinets are topped with pristine quartz, ideal surfaces for preparing simple, perfect meals. The bathrooms are studies in elegant materials, offering a walk-in shower with a tempered glass enclosure in one sanctuary and a deep soaking tub in the other. Naturally, each unit includes its own dedicated laundry room. Even climate control receives an intentional treatment. Unit one is served by a single, seamless central air conditioning system for consistent temple-like cool, while unit two is outfitted with individual mini-split systems in each room for the independent spirit who demands precise control. A dual-identity residence for the discerning traveler and local alike. One side for yourself, one for an enviable tenant—or both as a combined compound. The choice is yours. Currently under construction with anticipated completion by November 2026.

1203 W Zarragossa St, Pensacola

$315,000

686700 MLS

Updated income-producing duplex featuring two move-in ready 3-bedroom, 1-bathroom units. A great opportunity for investors looking to generate rental income or owner-occupants who want to live in one unit and rent the other. Both units have been updated and offer strong income potential. Situated on a spacious lot with a great yard, this property provides plenty of outdoor space and is conveniently located near shopping, dining, schools, downtown Pensacola, NAS Pensacola, and major roadways.

3031 W Jackson St, Pensacola

$349,000

2 Baths ⋅ 686664 MLS

Pensacola Duplex for Sale - Two-Unit Multifamily Investment Property! Discover a versatile Pensacola duplex and multifamily investment opportunity featuring two separate residences, each offering 2 bedrooms, 1.5 bathrooms, comfortable living areas, a functional floor plan, and private front and rear entrances. This two-unit Pensacola property offers multiple ownership possibilities. Investors can explore its potential as a long-term rental property, while owner-occupants may choose to live in one unit and rent the other—an increasingly popular strategy known as house hacking. The separate living spaces also provide an excellent option for extended family, multigenerational living, guests, or buyers who need additional privacy and flexibility. Conveniently located near shopping, restaurants, healthcare facilities, colleges, employment centers, parks, and outdoor recreation, the property provides easy access to everyday necessities and popular Pensacola destinations. Whether you are searching for a Pensacola duplex for sale, multifamily home, owner-occupied investment property, rental income opportunity, or two-unit residence, this property combines practical layouts, separate entrances, and a convenient location. Explore the possibilities this flexible Pensacola property offers and schedule your private showing today.

10140 Guidy Ln, Pensacola

$760,000

4 Beds ⋅ 4 Baths ⋅ 685832 MLS

Check out this two-unit short term rental for sale in Downtown Pensacola. Walkable to Bruce Beach Park, the Blue Wahoo's Stadium, and Palafox St. This property is in one of the few truly walkable areas in Pensacola. Situated on a corner lot, there's plenty of parking for guests - between the street parking, driveway, and parking in the back. Both the left and the right units have identical floor plans. Inside each unit, you'll find 1,190 square feet of living space, two bedrooms, each with their own en suite bathrooms and laundry rooms, two kitchens, two living spaces, two balconies (a larger one towards the back and a small one facing the street), and a modern spiral staircase. Plus, the other unit has all of the exact same features too. So in total, there's 4 bedrooms, 4 bathrooms, 4 kitchens, 4 living spaces, 4 laundry rooms, and 4 balconies.

379 S Clubbs St, Pensacola

$650,000

3 Baths ⋅ 685359 MLS

*Seller Financing available with $350k down* Located less than one mile from Downtown Pensacola, 608 N 9th Ave offers two fully furnished rental units on one property with established mid-term rental income already in place. Check the documents for proven cap rate info! The front unit is a 2 bedroom, 1 bath cottage with a covered front porch, bright exterior, and a layout that works well for furnished rental use. The back unit is a 2 bedroom, 2 bath residence, with off street parking, giving the property two separate rental options on one downtown-adjacent parcel. Both units are currently leased through the remainder of 2026, giving an investor immediate income without the initial vacancy period, furnishing expense, or setup work typically required when launching a furnished rental. The sale includes furnishings, and the property is currently self-managed with no property management fee built into the current operation. Projected 2026 gross revenue is approximately $66,506 based on seller-provided income history and existing lease agreements. The location supports multiple rental strategies, with quick access to Downtown Pensacola, Pensacola Bay Center, McGuire’s, the Sanctuary Event Venue, Publix, restaurants, festivals, and Pensacola Beach. The two-unit setup gives a buyer flexibility for mid-term rentals, furnished rentals, corporate housing, travel professionals, or a future owner-occupant scenario with personal residence in one unit and rental for the other. Financial information, income history, projected expenses, and lease details are available for review. Buyers should verify all figures, lease terms, taxes, and rental projections during due diligence.

608 N 9th Ave, Pensacola

$158,000

684723 MLS

Investor Opportunity – Income-Producing Duplex at 1915 W Gadsden St Don't miss this excellent opportunity to own a duplex with immediate income potential. This property features two units, with one unit currently tenant-occupied providing rental income and one unit owner-occupied, offering flexibility for investors and owner-occupants alike. Whether you're looking to expand your rental portfolio, generate passive income, or live in one unit while collecting rent from the other, this property offers multiple possibilities. The tenant-occupied unit provides an existing income stream, while the second unit presents an opportunity for owner occupancy or additional rental income. Conveniently located near local amenities, schools, shopping, and major roadways, this property is well-positioned for long-term investment success. With room to add value and increase returns, this duplex is an attractive option for investors seeking cash flow and future appreciation. Property is being sold AS-IS. Seller will make no repairs. Buyers to verify all information deemed important. Schedule your showing today and explore the potential this income-producing duplex has to offer!

1915 W Gadsden St, Pensacola

$765,000

684210 MLS

This unique investment property features four income-producing units plus a versatile flex space with a full bathroom that could function as a private office, additional guest suite, or be incorporated as a third bedroom for Unit A. Whether you're an investor seeking multiple income streams or an owner-occupant looking to offset your housing costs, this property offers exceptional flexibility. An added bonus is the existing low-rate FHA assumable mortgage (subject to lender and FHA qualification requirements), presenting a unique opportunity for a buyer to live in one unit while renting the other three and potentially benefit from a significantly below-market interest rate. Just minutes from Downtown Pensacola, Blue Wahoo's Stadium, restaurants, shopping, and the waterfront, the property is surrounded by exciting revitalization, with new construction and luxury developments rising throughout the neighborhood. The location offers the perfect blend of historic charm and long-term growth potential. Unit A is a 2 bed, 1 bath unit with a full kitchen and private screened in porch. Unit B is a 1 bed, 1 bath with kitchenette and private screened in porch. Unit C is a studio apartment with a kitchenette. Unit D is a 2 bed, 1 bath unit with a private balcony, and is the only unit located on the second floor. With multiple income streams, flexible living options, and a prime location in the path of growth, 600 E. Jackson Street is a truly exceptional opportunity for both investors and owner-occupants alike.

600 E Jackson St, Pensacola

$1,099,000

683634 MLS

East Hill living and a luxury House-hack opportunity like no other! Four unit conversion in East Hill. Downstairs consists of a 2/1 with large completed updated kitchen and living area. Along with this unit, you have another efficiency 1/1 with an updated tile shower, wet bar, hot plate and convection oven. Upstairs, through a separate entrance, you have two more units. The unit on the backside of the house is a 2/1 with a fully remodeled bath and kitchenette with similar appliances as the downstairs. The second unit has a similar kitchen and fully remodeled bathroom with stand alone tub, tile shower and upgraded vanity. A shared laundry room with separate entrance available on the first floor as well. This home is full of upgrades and would act as the perfect house-hack for someone who wants to live in East Hill but not pay the price for what it commands. Down the road from the old hospital, this property is walking distance to the brewery, pizza shop, gelato, and the adjacent park. Perfect downtown living. Reach out to your realtor!

1306 E Gonzalez St, Pensacola

$349,000

4 Beds ⋅ 2 Baths ⋅ 683432 MLS

RARE MULTI-UNIT INVESTMENT OPPORTUNITY ON OVERSIZED LOT Don’t miss this unique opportunity to own a versatile dual-home property situated on a sprawling 0.79-acre lot in the heart of Pensacola. The property features a 4-bedroom, 1-bathroom main residence with a 2-car garage, along with a separate 1-bedroom, 1-bathroom guest house—ideal for longterm rental income, short-term rental/Airbnb, or multi-generational living. Both homes are equipped with durable metal roofs installed in 2020, offering peace of mind for years to come. The layout provides flexibility and potential for strong cash flow, with the ability to live in one unit while renting the other or lease both for maximum income. Conveniently located near Pensacola Christian College and Academy, the property benefits from consistent rental demand. With no HOA restrictions, ample land, and multiple income strategies, this is a rare find for investors and homeowners alike. Schedule your showing today to explore the full potential of this one-of-a-kind property.

20 Saint Johns St, Pensacola

$425,000

682610 MLS

Excellent opportunity to own a well-maintained duplex in Pensacola offering strong income potential and long-term investment value. Whether you are looking to expand your portfolio, house hack by living in one unit while offsetting your mortgage with rental income from the other, or secure a turnkey multi-family property, this duplex offers flexibility and proven performance. Both units are 2 bedrooms with 1 bath & have been thoughtfully updated and carefully maintained. Unit B features commercial-grade luxury vinyl plank flooring, updated cabinetry, fresh paint, new appliances, and a fully renovated bathroom completed in 2023. Unit A includes updated appliances, refreshed cabinetry, and bathroom updates. Exterior improvements include fresh paint and updated lighting fixtures, completed in 2022. Major systems have been consistently maintained, including newer HVAC systems and water heaters. Tenants pay all utilities, helping keep operating expenses low and maximizing investment efficiency. The property has demonstrated strong rental stability with minimal vacancy history and excellent income-producing potential. Conveniently located near NAS Pensacola, shopping, dining, schools, and Gulf Coast beaches, this property offers an attractive combination of cash flow opportunity and lifestyle convenience.

9818 Vonna Jo Dr, Pensacola

$900,000

8 Beds ⋅ 4 Baths ⋅ 681122 MLS

Rarely does a property combine the character of Historic North Hill with the flexibility, privacy, and income potential offered here. Built circa 1919 as a purpose-built fourplex, this property was designed as a multi-family residence rather than a single-family home converted into apartments. The two downstairs units have been combined into an approximately 2,800 square foot owner's residence with 4 bedrooms and 2 bathrooms, while preserving two separate upstairs apartments of approximately 1,500 square feet each. Each upstairs unit offers 2 bedrooms and 1 bathroom. The current configuration offers flexibility and potential to restore the original four-unit layout, subject to buyer verification and approvals. Each residence enjoys a private entrance, separate utility metering, central HVAC, and functional floor plan. Each upstairs apartment includes a flex room overlooking W Strong Street, ideal for a home office. Architectural details include hardwood floors, extensive millwork, abundant built-ins, interior columns, high ceilings, and classic clawfoot tubs. The owner's residence features a covered front porch and partially covered rear patio, while each upstairs apartment enjoys an oversized private balcony. Situated on an unusually deep lot, the property features a New Orleans-inspired courtyard. Surrounded by mature landscaping and greenery, the courtyard provides a peaceful setting for entertaining or outdoor dining. The outdoor space is exceptional today, yet still leaves room for a future owner to explore possibilities such as a pool, garage, or other outdoor enhancements, subject to buyer verification of zoning, historic district requirements, and other applicable regulations. Located minutes from Downtown Pensacola, Pensacola Beach, shopping, dining, and entertainment, this is a rare opportunity to own one of North Hill's most distinctive income-producing properties. Floor plans, lease information, and additional photos available upon request.

208 W Strong St Unit #1-4, Pensacola

$700,000

4 Beds ⋅ 4 Baths ⋅ 681554 MLS

Exceptional new construction investment opportunity featuring two duplexes on one parcel! The duplex at the front of the lot offers two 2-bedroom, 2-bathroom units, each spanning approximately 933 square feet 1,866 total under roof), while the rear duplex features two larger 3-bedroom, 2-bathroom units at approximately 1,128 square feet each (2,256 total under roof). Each unit will include dedicated parking directly in front, complete with striped spaces and parking bumpers. Estimated for completion by the end of August 2026, the property will showcase durable, modern finishes throughout. Interiors will feature quartz countertops in both kitchens and bathrooms, complemented by stainless steel GE or Samsung appliances, including a French door refrigerator, slide-in range, built-in microwave, and dishwasher. Antique bronze hardware adds a cohesive, upscale touch across doors, cabinetry, and bath fixtures, while luxury vinyl plank flooring runs seamlessly throughout each unit. Built with longevity in mind, the exterior will feature concrete Hardie board siding and a 30-year GAF Timberline architectural shingle roof. Ideally located near local schools and just minutes from Mobile Highway, the property provides easy access for commuting, shopping, and dining. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this property presents a rare opportunity to secure new construction with built-in cash flow potential.

6321 Denver Ave, Pensacola

$675,000

681066 MLS

PRIME BRICK DUPLEX ON CORNER LOT IN CENTRAL PART OF HIGHLY SOUGHT AFTER EAST HILL. Walkable tree lined quaint streets, friendly , well known neighborhood where people want to live. Invest and Profit--- Terrific and perfect Investment opportunity-live in one side and rent the other to boost your cash flow. Past revenue figures for furnished short term rental grossed an impressive $85,094.33 (2024 Air B & B) Both units updated and in TOP MOVE-IN CONDITION. Each unit is approximately 1703 sq ft with total of 3406 for the building. Both units are 3BR/2.5 BA. Last 4 yrs: new HVAC, Roof, Water heater, kitchen appliances, countertops, flooring. some plumbing fixtures, paint, irrigation system. Each unit has a well appointed kitchen with lots of light pouring in, laundry room and outside storage room/workshop. 2 covered parking spots plus extra open parking area. This prime property located on Lakeview, one of Pensacola's most beautiful streets, EZ walk or bike to Bayview Park with water access, Restaurants like East Hill Wine Bar, The Burrow, Ozone Pizza, Alga Beer, LaMonte Gelato, A Mano Panino, Publix, Wild Lemon Pilates, J's Bakery, A Curious Wine Shop, Cactus Flower, and so many more. Galleries, coffee shops, live music galore. Popular bars where friends gather, hair salons, family friendly parks, schools, churches and the ever popular and upscale downtown Palafox entertainment scene. St Christopher's weekly summer concerts right down the street. White sand beaches are 15 minutes away. Min Walk to schools, restaurants, entertainment spots, bakeries, hair salons, parks, churches, etc. . East Hill is an historic area boasting pride of Pensacola's great story--a beloved neighborhood. This is a sensible buy for being your own landlord in your own home with built in short term or long term income potential.

1119 & 1121 E Lakeview Ave, Pensacola

$675,000

680916 MLS

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in the highly sought-after East Hill neighborhood. The property generates approximately $10,000+ per month in gross rental income, with annual revenue exceeding $120,000. Ideally located just 4 blocks from Publix, 5 minutes to downtown Pensacola, and 15 minutes to the white sands of Pensacola Beach, this meticulously updated property consistently attracts both short-term and extended-stay guests. The property is currently operated as a 4-unit income-producing STR asset or rented as a whole for larger groups. It may also qualify for FHA financing, which allows an owner-occupant buyer to live in one unit while using the remaining units as income-producing rentals. The property features four thoughtfully designed units (A–D) with a versatile mix of layouts: Unit A offers a spacious king bedroom, full kitchen, and private laundry room. Unit B features a king suite with updated bath and a standout outdoor entertaining area complete with fire pit, grill, and dining space. Unit C is a fully renovated second-floor 2BR with dual king suites, smart TVs, and comfortable living space suited for families or groups. Units B & C have shared laundry utilities. Unit D is a stylish studio with a king bed, walk-in rain shower, in-unit laundry, and private deck with outdoor seating and grill. Recent improvements include full roof replacement in 2021, updated plumbing in B/C laundry area and installation of tankless water heater, all completed by a licensed plumber, enhancing efficiency and long-term reliability. The property demonstrates consistent rental performance with established income history and immediate cash flow potential for its new owner. Contact for showings of available units. Financial documents furnished upon request. The property is currently fully furnished, with furnishings available for purchase or negotiation with an acceptable offer.

1601 E Cervantes, Pensacola

$599,000

6 Beds ⋅ 4 Baths ⋅ 680033 MLS

Brand new construction duplex located just minutes from downtown Pensacola. This modern yellow townhome features two spacious units, making it an ideal opportunity for both investors and owner-occupants. Unit A offers 1,324 sqft and Unit B features 1,242 sqft—both thoughtfully designed with 3 bedrooms and 2 bathrooms, providing functional layouts, open living spaces, and contemporary finishes throughout. Built in 2025, this property delivers the benefits of new construction with minimal maintenance and strong long-term rental potential. Conveniently located near downtown, shopping, dining, and major roadways, this is a prime opportunity to own a cash-flowing asset in a growing area.

315 N Pace Blvd Unit #A+B, Pensacola

$599,000

6 Beds ⋅ 4 Baths ⋅ 680032 MLS

Brand new construction duplex located just minutes from downtown Pensacola. This modern Red townhome features two spacious units, making it an ideal opportunity for both investors and owner-occupants. Unit A offers 1,324 sqft and Unit B features 1,242 sqft—both thoughtfully designed with 3 bedrooms and 2 bathrooms, providing functional layouts, open living spaces, and contemporary finishes throughout. Built in 2025, this property delivers the benefits of new construction with minimal maintenance and strong long-term rental potential. Conveniently located near downtown, shopping, dining, and major roadways, this is a prime opportunity to own a cash-flowing asset in a growing area.

309 N Pace Blvd Unit #A+B, Pensacola

$599,000

6 Beds ⋅ 4 Baths ⋅ 680031 MLS

Brand new construction duplex located just minutes from downtown Pensacola. This modern blue townhome features two spacious units, making it an ideal opportunity for both investors and owner-occupants. Unit A offers 1,324 sqft and Unit B features 1,242 sqft—both thoughtfully designed with 3 bedrooms and 2 bathrooms, providing functional layouts, open living spaces, and contemporary finishes throughout. One unit is already leased at $1,850/month, offering immediate income, while the second unit provides flexibility for additional rental income or owner occupancy. Built in 2025, this property delivers the benefits of new construction with minimal maintenance and strong long-term rental potential. Conveniently located near downtown, shopping, dining, and major roadways, this is a prime opportunity to own a cash-flowing asset in a growing area. 5 Mins From Downtown Pensacola. No HoA

305 N Pace Blvd Unit #A+B, Pensacola

$325,000

677685 MLS

Located in the heart of Pensacola, 4200 W Jackson St. presents a rare opportunity to acquire a commercially zoned, income-producing property with immediate cash flow and future upside. Currently configured as two updated apartments, this property offers strong rental appeal with modernized interiors that attract and retain tenants. Even more compelling, the basement level provides the opportunity to convert into a third unit, creating additional income potential and increased long-term value. The commercial zoning adds flexibility and enhances the investment appeal, making this an excellent option for investors looking to strengthen their portfolio in a growing corridor of Pensacola. With both stabilized income and value-add potential, this property offers versatility that is increasingly hard to find at this price point. For those seeking to expand their footprint, this property can be purchased individually or bundled with 4143 W Gadsden St., an MDR-zoned vacant lot with development potential, or with 4202 W Jackson St., a larger commercial offering that includes a 4-plex and three duplexes. Acquiring multiple parcels together creates a unique opportunity to control a concentrated portfolio with strong income and future development upside. Whether you’re building your portfolio or positioning for long-term growth, 4200 W Jackson St. delivers flexibility, expansion opportunity, and solid investment fundamentals.

4200 W Jackson St, Pensacola

$218,000

670407 MLS

Take a look at this great investment opportunity! These two homes in the cozy community of Myrtle Grove in Pensacola have nearby attractions such as the Naval Aviation Museum and the stunning beaches of Perdido Key. For prospective Multifamily / Single Family Rental Portfolio investors, the diverse range of amenities and the appeal of this growing coastal city make the location an attractive choice. Great neighborhood. Both homes have back yards for kids and pets to play. There are two houses on one parcel and they share one water meter. They do have separate electric service, and 907 has gas service for the central HVAC and water heater. 909 has window AC units. 907 N 57th Ave has 3 bedrooms and 2 baths. 909 N 57th Ave has 1 bedroom and 1 bathroom. The roof on 907 was replaced in 2019 for the house and 2018 for the shed. The roof on 909 was replaced in 2016. The lease on 907 is $1,195.00/month and expires on November 30th, 2026. The lease on 909 is $895.00/month and expires on February 28, 2027.

907 N 57th Ave Unit #907 and 909 N 5, Pensacola

$499,000

665618 MLS

Property Type: Duplex (Residential Income) Location: Pensacola, FL Units: 2 (Each 3 Beds / 2 Baths) Total Sq Ft: 2,352 (Approx. 1,176 sqft per unit) Year Built: 2025 Parking: 8–10 off-street spaces Status: One Unit Vacant / One Unit Tenant-Occupied New Construction Duplex – One Unit Vacant Newly constructed duplex built in 2025. One unit is currently vacant and move-in ready, while the second unit is tenant-occupied with an active lease, providing rental income at closing. Each mirrored unit includes three bedrooms and two full bathrooms with open-concept layouts and modern finishes. Interior features include quartz countertops, stainless steel appliances, luxury vinyl plank flooring, washer/dryer hookups, and a primary suite with walk-in closet and dual vanity. The property allows for owner occupancy in the vacant unit while maintaining rental income from the occupied unit, or continued use as a full investment property. Situated on a corner lot with approximately 8–10 off-street parking spaces. Energy-efficient features include a heat pump HVAC system, insulated walls, and a tankless water heater. The existing lease transfers with the property. At lease end, the landlord may renew or terminate with proper notice. Convenient Pensacola location with access to downtown, schools, shopping, and major transportation routes. Tenant-occupied unit—do not disturb.

2805 N V St, Pensacola

$995,000

1 Beds ⋅ 1 Baths ⋅ 663810 MLS

Investor’s Dream on Bayou Grande! Don’t miss this rare opportunity to own a waterfront quad-plex featuring four 1-bed/1-bath units Perfectly positioned for long-term or short-term rental income, this well-maintained property offers direct water access, a tranquil setting, and strong rental potential. Whether you're expanding your portfolio or looking for a cash-flowing asset in a high-demand area, this is a must-see!

122 Celeste Pl, Pensacola

$450,000

3 Baths ⋅ 662857 MLS

Great investment opportunity. All are HUD Section 8 eligible (607 reinspected by HUD in July 2025).Three tenant occupied townhomes. Each unit consists of 2 bedrooms, three baths (two half baths & one full bath) and 1100 square feet, covered rear balcony. New A/C for 611 in June 2023. Unit 609 repainted with new flooring installed. Seller has roofer ready to install new roof on entire building with acceptable offer.

607, 609, 611 N 63rd Ave, Pensacola

$315,000

658709 MLS

Residential and Commercial Tri-plex located in the Downtown Pensacola Historical District. This unique property consists of 1 residential duplex and another separate structure with 860 square feet that can be used for commercial office converted into another residential unit as well.

127 W Belmont, Pensacola

$130,000

656963 MLS

CALLING ALL MULTI_FAMILY INVESTORS! This duplex is conveniently located to all Pensacola has to offer. Each unit of this charming duplex offers 2 beds and 1 bath with a generous 702 square feet of living space, ensuring ample comfort for tenants. The property already has occupants in place eliminating the need for you to invest time and energy in a tenant search. Let's add this amazing buy and hold to your portfolio!

3804 Ward Blvd, Pensacola

$795,000

643152 MLS

Updated duplex and converted garage in Historic North Hill area on the corner of N Palafox and W De Soto! This complex is close enough to enjoy shopping, dining, and entertainment in downtown Pensacola. Each unit is finished with modern appliances, luxury vinyl plank flooring throughout, and white quartz countertops. Property makes for a Great Buy and hold investment bring in a steady income, or for any Savy buyers looking to live in one unit and have renters help with the mortgage. Main building is a duplex with two 3 bed/2 bath units at 1452 sqft each and the third unit is a detached converted 1 bed/1bath unit at approx. 600 sqft.

4 W Desoto St, Pensacola

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