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Myrtle Grove, FL Multifamily Homes & Duplexes for Sale

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  • 7390 Esther St Unit B, Pensacola, FL 32506
    7390 Esther St Unit B, Pensacola, FL 32506
    7390 Esther St Unit B, Pensacola, FL 32506
    /10

    $435,000

    • 3,328 Sq Ft

    7390 Esther St Unit B, Pensacola, FL 32506

    Investor Opportunity: Expand your portfolio with this package deal featuring two buildings, each priced at $435,000. Both buildings have separate parcels and include four units (two per floor), each offering 2 bedrooms and 1 bath, approximately 960 square feet per unit. This package provides a total of eight rental units, currently generating $1,000 per month each. Located in a prime area near

    Agent Photo

    PATRICK GREENE

    Coldwell Banker Realty

    (850) 306-4235

    7390 Esther St Unit B, Pensacola, FL 32506
  • 7390 Esther St Unit A, Pensacola, FL 32506
    7390 Esther St Unit A, Pensacola, FL 32506
    7390 Esther St Unit A, Pensacola, FL 32506
    /10

    $435,000

    • 3,328 Sq Ft

    7390 Esther St Unit A, Pensacola, FL 32506

    Investor Opportunity: Expand your portfolio with this package deal featuring two buildings, each priced at $435,000. Both buildings have separate parcels and include four units (two per floor), each offering 2 bedrooms and 1 bath, approximately 960 square feet per unit. This package provides a total of eight rental units, currently generating $1,000 per month each. Located in a prime area near

    Agent Photo

    PATRICK GREENE

    Coldwell Banker Realty

    (850) 493-6702

    7390 Esther St Unit A, Pensacola, FL 32506
  • 908 N 69th Ave Unit A, B, C, D, E, F, G,, Pensacola, FL 32506
    908 N 69th Ave Unit A, B, C, D, E, F, G,, Pensacola, FL 32506
    908 N 69th Ave Unit A, B, C, D, E, F, G,, Pensacola, FL 32506
    /12

    $449,000

    • 6,000 Sq Ft

    908 N 69th Ave Unit A, B, C, D, E, F, G,, Pensacola, FL 32506

    Price improvement for Incredible opportunity to own a rare 8-unit multifamily property in Pensacola. This property is currently bringing in $4,195 per month with room for higher returns. This unique 8-unit property consists of: • Two duplexes, each featuring two 1-bedroom/1-bathroom units • One duplex with two 2-bedroom/1-bathroom units • One two-unit house with flexible layouts: one side can

    Cliff Glansen Flatfee.com Inc.

    908 N 69th Ave Unit A, B, C, D, E, F, G,, Pensacola, FL 32506
  • 412 N 64th Ave Unit A & B, Pensacola, FL 32506
    412 N 64th Ave Unit A & B, Pensacola, FL 32506
    412 N 64th Ave Unit A & B, Pensacola, FL 32506
    /15

    $270,000

    • 1,804 Sq Ft

    412 N 64th Ave Unit A & B, Pensacola, FL 32506

    Great investment opportunity! Well maintained duplex that offers 2 bedrooms and 1 bath on each side. Open concept kitchen, living and dining with a laundry room that leads to the spacious fenced in backyard. NEW ROOF replaced in 2022! Both sides are currently occupied with long term tenants. Don’t miss out on this wonderful property in the heart of Pensacola!

    Katie Duncan Wellhouse Real Estate

    412 N 64th Ave Unit A & B, Pensacola, FL 32506
  • 106 and 108 Cherokee Trail, Pensacola, FL 32506
    106 and 108 Cherokee Trail, Pensacola, FL 32506
    106 and 108 Cherokee Trail, Pensacola, FL 32506
    /22

    $214,990

    • 1,352 Sq Ft

    106 and 108 Cherokee Trail, Pensacola, FL 32506

    ***Income-Producing Triplex – Duplex with Detached Efficiency Unit*** This three-unit investment property offers immediate cash flow and strong long-term potential. The property includes a duplex and a detached efficiency unit on the same lot, providing multiple income streams. The duplex is currently rented for $1,620 per month on annual leases, with room to increase rents. The efficiency unit

    Caleb Drake Levin Rinke Realty

    106 and 108 Cherokee Trail, Pensacola, FL 32506
  • 607, 609, 611 N 63rd Ave, Pensacola, FL 32506
    607, 609, 611 N 63rd Ave, Pensacola, FL 32506
    /2

    $450,000

    • 3 Baths
    • 1,100 Sq Ft

    607, 609, 611 N 63rd Ave, Pensacola, FL 32506

    Great investment opportunity. Three tenant occupied townhomes, two with long term (15 years+) tenants. Tenants have expressed a desire to remain. All are HUD Section 8, guaranteeing reliable income. Each unit consists of 2 bedroom, three bath and 1100 square feet. New A/C for 611 in June 2023. Seller to install new roof with acceptable offer.

    JOHN WAAS John Waas Realty LLC

    607, 609, 611 N 63rd Ave, Pensacola, FL 32506
Florida Myrtle Grove

Multi-Family Homes & Duplexes for Sale in Myrtle Grove, FL

Why Live in Myrtle Grove

Residents of Myrtle Grove, a quiet suburb just outside of Naval Air Station Pensacola, are just minutes from work and minutes from the beach. "There are many service members living in Myrtle Grove," Realtor Shawn Keenan with Keller Williams Realty Gulf Coast says. "They get transferred every couple of years, so there's instant camaraderie and friendship within the community." While "the Navy base draws people," Keenan explains the neighborhood is "close to everything." The community's 17,000 residents are within walking distance of neighborhood ...

Learn more about living in Myrtle Grove

Home Trends in Myrtle Grove, FL

On average, homes in Myrtle Grove, FL sell after 67 days on the market compared to the national average of 49 days. The median sale price for homes in Myrtle Grove, FL over the last 12 months is $241,800, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$241,800
Median Single Family Sale Price
$240,000
Median 2 Bedroom Sale Price
$247,000
Average Price Per Sq Ft
$149
Number of Homes for Sale
17
Last 12 months Home Sales
94
Months of Supply
2.20
Median List Price
$250,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
2%
How to Buy a Home How to Finance a Home How to Sell a Home

In Myrtle Grove, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $214,990 to $450,000, there's a range to accomodate every budget. As of June, 2025 the median home price in Myrtle Grove is $250,000, while the average sale price is $237,796, offering insights into the local housing market. On average, multi-family homes spend 67 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Myrtle Grove, FL.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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