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

MOST DESIRABLE INVESTMENT OPPORTUNITY ON THE MARKET! DUPLEX - Brand-New Construction in the Heart of Belmont-DeVilliers! Whether you're looking for a Long-term rental, Short-term rental, Owner-occupied investment, or a combination of both, this beautifully designed new-construction duplex offers exceptional flexibility and income potential. Featuring two completely private 3Bed/ 2Bath units, this property offers a total of 6 bedrooms and 4 bathrooms. Each unit includes its own Full kitchen, Living area, Laundry room and Private Entrance. One unit is located on each floor, maximizing privacy and functionality. First-floor unit ~ 1,468 sq. ft. (heated/cooled) Second-floor unit ~1,376 sq. ft. (heated/cooled) Plus covered porches and spacious balcony. Both units feature an open-concept layout with modern finishes, including stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and gas water heaters. The kitchens flow seamlessly into the living areas, creating comfortable and inviting spaces for everyday living or entertaining. Each primary suite offers a walk-in closet and a luxury bathroom with a double-sink vanity. The additional bedrooms provide plenty of space for family members, guests or tenants. The property also offers driveway parking for 4 vehicles. With excellent Short-term and Long-term rental income options, the possibilities are endless. Live in one and rent the other, use one as a guest suite, or maximize income renting both units. The flexible layout makes this property an excellent opportunity for both investors and owner-occupants. Ideally located just around the corner from Savoy Place, this home puts you close to the energy, dining, entertainment, and convenience of Downtown living while offering the privacy and benefits of brand-new construction. Don't miss this rare opportunity to own a versatile new-construction duplex in one of the area's most desirable locations!

410 W Wright St Unit #A & B, Pensacola

$350,000

2 Baths ⋅ 690388 MLS

Wonderful opportunity to buy a home and income investment property at the same time..! currently both sides are rented out. Brick structure, each side with its own carport. Privacy fenced back yard, super convenient location !! Due to a few repair items being finished up * not setting showings up for a couple weeks, as of 10/26/26

1310 Pinnacle Dr Unit #A & B, Pensacola

$795,000

6 Beds ⋅ 4 Baths ⋅ 690034 MLS

2024-BUILT DUPLEX WITH SHORT-TERM RENTAL POTENTIAL IN DOWNTOWN PENSACOLA! An exceptional investment opportunity in the heart of Pensacola! This beautifully designed duplex offers the ideal combination of modern construction, two independent living spaces, and excellent income-producing potential. With short-term rentals permitted, this property provides investors with the flexibility to pursue short-term, mid-term, or long-term rental strategies—or enjoy the benefits of owner occupancy combined with rental income. The property features two completely private 3-bedroom, 2-bathroom units, each with its own private entrance, full kitchen, living area, and laundry room. The thoughtful layout allows both residences to function independently while providing excellent flexibility for a variety of investment strategies. Unit 1 — First Floor: ~ 1,428 sq. ft. Unit 2 — Second Floor: ~1,396 sq. ft. Each unit offers: • 3 bedrooms • 2 bathrooms • Full kitchen with stainless-steel appliances • Open-concept living and dining area • Private entrance • Modern finishes throughout The first-floor unit features a covered porch, while the second-floor unit offers a covered porch plus a spacious balcony, providing additional outdoor living and entertaining space. Off-street driveway parking is available for 2 vehicles. This property offers convenient access to Downtown Pensacola's restaurants, entertainment, nightlife, shopping, and growing urban core. Enjoy the energy and convenience of downtown living while benefiting from the modern construction, privacy, and functionality of a 2024-built duplex. Whether you're an investor looking to maximize rental income or an owner-occupant seeking a property that can help offset housing costs, this property offers an excellent opportunity to own a modern, income-producing duplex in Downtown Pensacola.

1150 W Intendencia St, Pensacola

$184,500

689904 MLS

Bring your vision, the location's already perfect! Great investment opportunity. This property puts you minutes from Palafox, Wahoo Stadium, and Downtown Pensacola's restaurants, nightlife, and the Garden District. Opportunities this close to the heart of a growing downtown are getting harder to find. The property includes a 1938 duplex with two one-bedroom units (A and B), about 1,216 sq ft with a covered front porch and central heat and air. A detached 1941 building in the rear offers a third one-bedroom apartment (Unit C) over a garage/utility space. Buyers have options. Renovate the existing units and bring character homes back to life in a high-demand rental area, or start fresh on a generous 62' x 150' lot of roughly .23 acres.

204 N E St, Pensacola

$300,000

613139 MLS

An excellent opportunity to establish or expand your Pensacola rental portfolio with two 3-bedroom, 1-bath residences offering fenced backyards, practical storage, and convenient access to everyday amenities. Current rents of $1,125 per unit provide a combined monthly rental income of $2,250, or $27,000 in annual gross rent before expenses and vacancy. Both units offer cottage-style charm with open living areas and breakfast-bar kitchens featuring granite-look countertops. Interior updates were completed in 2013, both units have been repainted within the past five years, and vinyl flooring was installed in one unit in 2022. A new roof was installed in 2022, providing an important recent capital improvement. Each unit also features a concrete patio leading to a fenced backyard, along with covered storage and washer and dryer hookups for added functionality. Additional highlights include a clear wood-destroying organism inspection report and a convenient location just minutes from UWF, shopping, medical facilities, Pensacola International Airport, and other key destinations throughout the greater Pensacola area. With established rental income, practical layouts, outdoor space, and meaningful updates already in place, Units C and D offer an appealing opportunity for investors seeking a functional Pensacola rental property. Buyer to verify current rents, occupancy, lease terms, and operating expenses.

9305 Mabel St Unit #C&D, Pensacola

1115 Dr Martin Luther King Jr Dr, Pensacola

$499,000

689771 MLS

Welcome to 1100 & Co. Designed with flexibility in mind, this new construction duplex by Chandler Construction offers two distinct living spaces under one roof, creating options for owner-occupants, investors, multigenerational living, or a combination of both. The first level features a complete 1-bedroom, 1-bath residence with its own living room, full kitchen and dining area, laundry, and private entrance. Upstairs, a separate 2-bedroom, 2-bath residence offers another full kitchen and dining area, living room, laundry, and balcony. Covered off-street parking with a one-car carport and additional storage complete the design. The plans also feature 9-foot ceilings throughout both living levels. Live in one space and rent the other, create a private setup for extended family, or utilize both as income-producing units. The flexible layout gives the property multiple ways to work today and adapt over time. Conveniently located near Downtown Pensacola with quick access to I-110, area hospitals, restaurants, shopping and the beaches, this property combines thoughtful high-end new construction with built-in versatility in a growing central Pensacola location. Designed to Live. Positioned to Earn.

1115 Dr Martin Luther King Jr Dr, Pensacola

1109 Dr Martin Luther King Jr Dr, Pensacola

$499,000

689767 MLS

Welcome to 1100 & Co. Designed with flexibility in mind, this new construction duplex by Chandler Construction offers two distinct living spaces under one roof, creating options for owner-occupants, investors, multigenerational living, or a combination of both. The first level features a complete 1-bedroom, 1-bath residence with its own living room, full kitchen and dining area, laundry, and private entrance. Upstairs, a separate 2-bedroom, 2-bath residence offers another full kitchen and dining area, living room, laundry, and balcony. A covered one-car carport and additional storage complete the design. The plans also feature 9-foot ceilings throughout both living levels. Live in one space and rent the other, create a private setup for extended family, or utilize both as income-producing units. The flexible layout gives the property multiple ways to work today and adapt over time. Conveniently located near Downtown Pensacola with quick access to I-110, area hospitals, restaurants, shopping and the beaches, this property combines thoughtful high-end new construction with built-in versatility in a growing central Pensacola location. Designed to Live. Positioned to Earn.

1109 Dr Martin Luther King Jr Dr, Pensacola

$455,000

2 Beds ⋅ 2 Baths ⋅ 689418 MLS

TURNKEY INVESTMENT OPPORTUNITY! Don't miss your chance to own BOTH sides of this beautifully renovated, all-brick duplex in a prime Pensacola location! Whether you're an investor looking to expand your portfolio or a buyer interested in house hacking, this fully furnished property offers incredible flexibility and proven rental history. Each unit features 2 bedrooms, 1.5 bathrooms, and comes completely furnished and equipped with everything from appliances and furniture to dishes, linens, and décor. Ready for immediate short- or mid-term rental use, this property takes the hassle out of getting started. Extensively renovated in 2022, improvements include a new roof, completely updated electrical wiring and panels, new exterior doors, appliances, countertops, plumbing and light fixtures, ceiling fans, and low-maintenance ceramic tile flooring throughout. Both water heaters were replaced in 2023, and each unit includes its own new washer and dryer. Located in a quiet residential neighborhood just 4 miles from NAS Pensacola and a major hospital, this duplex offers convenient access to downtown Pensacola, shopping, dining, and the beautiful Gulf Coast beaches. Enjoy the covered back lanai and catch the Blue Angels practicing overhead! Two fully furnished units. Extensive updates. Proven rental history. Endless possibilities. Whether you choose to rent both sides or live in one and rent the other, this property is ready for its next owner. Schedule your showing today!

3117 W La Rua St Unit #A & B, Pensacola

$275,000

2 Baths ⋅ 689412 MLS

Close to downtown this home has been converted to an upper and lower unit. Units share utilities. Could be converted back to a single unit. Units bring in $2,725 per month combined. Both units are currently leased until early 2027.

7 Odess Ln, Pensacola

$485,000

689006 MLS

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.

1303 N W St, Pensacola

$285,000

5 Beds ⋅ 3 Baths ⋅ 688785 MLS

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

$350,000

2 Baths ⋅ 688613 MLS

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

$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

3701 W Brainerd St Unit #A & B, Pensacola

$252,000

688183 MLS

INVESTMENT OPPORTUNITY – 3701 W Brainerd Street, Pensacola INVESTORS—PUT YOUR MONEY TO WORK FROM DAY ONE! Welcome to 3701 W Brainerd Street, an income-producing Pensacola duplex offering $2,100 in combined monthly rental income and $25,200 annually. Offered at $252,000, this property provides an excellent opportunity to add an established rental property to your investment portfolio. Situated on a desirable corner lot, the duplex features two separate 2-bedroom, 1-bath units. Unit A currently rents for $900 per month, while Unit B rents for $1,200 per month. Each unit offers its own laundry area with a washer and dryer, updated bathrooms, and comfortable living spaces. Tenants also enjoy a fenced backyard with privacy fencing, adding valuable private outdoor space and helping enhance the property's rental appeal. The corner-lot setting provides convenient access, added visibility, and a more spacious feel. With rental income already being generated, this is an opportunity to acquire a Pensacola investment property with immediate cash flow and long-term income potential. Whether you're building your first rental portfolio or adding another property to an established one, 3701 W Brainerd Street deserves a closer look. Two units. $2,100 monthly income. One investment opportunity.

3701 W Brainerd St Unit #A & B, 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

1473 E Johnson Ave Unit #1471, 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

1451 E Johnson Ave Unit #1453, 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

$260,000

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. A and B sides have undergone the following renovations: -Whole home rewire completed in October 2026 -New tankless hot water heaters (2026) -New stackable washer & dryers (2026) -New ceiling fans throughout the living room and bedrooms -Fresh interior paint throughout (2026) -Beautifully remodeled bathroom (2026) -Updated kitchen countertops (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

Two luxury residences. One architecturally distinctive property. A rare new-construction opportunity in Downtown Pensacola. Currently under construction, this high-end duplex offers approximately 2,180 square feet total, each unit comprising 2 bedrooms and 2 bathrooms, plus dedicated rear parking for both. Designed to stand apart from conventional multifamily construction, this property pairs distinctive contemporary architecture with premium finishes inside and out. The two-residence configuration offers exceptional flexibility: occupy one residence and rent the other, or operate both as an income-producing asset. With no HOA, the owner has the freedom to choose. A single building also delivers meaningful efficiencies over owning and maintaining two separate properties: one envelope, one roof, and consolidated maintenance and rental-management logistics. Both residences feature thoughtfully selected high-end materials, contemporary kitchens with sleek cabinetry and quartz countertops, luxury flooring, modern bathrooms, dedicated laundry, and refined architectural details throughout. The exterior makes an equally strong statement. A signature arched façade, expansive second-floor terraces with glass railings, stucco exterior, and modern flat-roof profile give the property an architectural identity rarely found in traditional duplex construction. Developable land in Downtown Pensacola is limited, making new construction capable of accommodating two residences especially compelling for both owner-occupants and investors. Anticipated completion November 2026.

1203 W Zarragossa St, Pensacola

$875,000

6 Beds ⋅ 4 Baths ⋅ 686716 MLS

Located in the heart of downtown Pensacola, this 1940s red brick fourplex blends historic charm with modern investment appeal and low maintenance living. A wrought iron fence surrounds the large lot, featuring front and backyard green space, mature shade trees, and dedicated side parking to keep residents off the street overnight. The roof was replaced in 2021 following Hurricane Sally. Downstairs units are one bedroom, one bathroom, each with its own private entrance from the covered front porch, wood floors, and granite kitchen countertops. The two upstairs units share an interior central staircase from the front entrance and offer two bedrooms, one bathroom, also with wood floors and granite kitchen countertops. Original crown molding and baseboards remain throughout, and ceiling fans have been added in every bedroom. Upstairs tenants also have private backyard access via a shared staircase. Recent upgrades include a new dishwasher in Unit 1, a new microwave in Unit 3, and a new refrigerator and AC in Unit 4. Three units include in-unit washers and dryers, and each unit is separately metered for utilities. Three units are currently leased, with lease end dates ranging June through August. The fourth unit, a spacious two bedroom upstairs, is vacant and available for viewing. Zoned R-NCB (Residential/Neighborhood Commercial), this property sits minutes from Blue Wahoos Stadium, downtown shopping, and restaurants, while staying tucked just outside the hustle for quieter living. Ideal for college roommates, young professionals, or anyone wanting to be close to the action without living in the middle of it.

401 N Barcelona St, Pensacola

$299,900

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

$550,000

3 Baths ⋅ 685359 MLS

*Seller Financing with $350k down - NO "creative" financing* 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

$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 December 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

$599,900

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

$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

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

$216,000

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

$125,000

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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