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Pensacola, FL Multifamily Homes & Duplexes for Sale

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  • /40

    $675,000

    $50K PRICE DROP
    • 2,162 Sq Ft

    1601 E Cervantes St, Pensacola, FL 32501

    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

    Agent Photo

    Blair Beck

    Better Homes And Gardens Real Estate Main Street Properties

    1601 E Cervantes St, Pensacola, FL 32501
  • /42

    $1,200,000

    • 3,252 Sq Ft

    1306 E Gonzalez St, Pensacola, FL 32501

    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

    Agent Photo

    Caleb Drake

    Levin Rinke Realty

    1306 E Gonzalez St, Pensacola, FL 32501
  • /48

    $560,000

    • 3 Beds
    • 3 Baths
    • 1,884 Sq Ft

    6079 Valhalla Ave, Pensacola, FL 32507

    Now paying ALL OF THE BUYERS CLOSING COST! Your tropical paradise awaits! Driving over the bridge to Perdido Key, the first thing you will see are the brightly-colored townhomes of Banana Bay! You'll feel as if you've been swept away to one of the Dutch Caribbean islands, like Aruba or Curacao, when you drive into the gated community. Whether you're looking for a primary residence, second home,

    Agent Photo

    Joshua Scott

    Serhant

    6079 Valhalla Ave, Pensacola, FL 32507
  • /10

    $700,000

    New Construction
    • 4 Beds
    • 4 Baths
    • 4,122 Sq Ft

    6321 Denver Ave, Pensacola, FL 32526

    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

    Agent Photo

    Travis Talley

    KELLER WILLIAMS REALTY GULF COAST

    6321 Denver Ave, Pensacola, FL 32526
  • /49

    $749,000

    • 3 Baths
    • 1,300 Sq Ft

    608 N 9th Ave, Pensacola, FL 32501

    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

    Katie Anderson KELLER WILLIAMS REALTY GULF COAST

    608 N 9th Ave, Pensacola, FL 32501
  • /25

    $599,000

    • 6 Beds
    • 4 Baths
    • 2,566 Sq Ft

    315 N Pace Blvd Unit A+B, Pensacola, FL 32505

    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

    Faith Morgan FMIG

    315 N Pace Blvd Unit A+B, Pensacola, FL 32505
  • /54

    $158,000

    • 1,700 Sq Ft

    1915 W Gadsden St, Pensacola, FL 32501

    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,

    Aziza Marzak LPT Realty

    1915 W Gadsden St, Pensacola, FL 32501
  • /53

    $647,000

    $8K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,219 Sq Ft

    13575 Sandy Key Dr Unit 537, Pensacola, FL 32507

    Experience true beachfront living from your private balcony, where you can relax while overlooking the white sandy beaches and emerald waters of the Gulf. This beautifully furnished 2-bedroom, 2-bath Gulf-front condo offers the ideal setting for coastal living or the perfect beach getaway.Inside, the open floor plan creates a bright and welcoming space designed for both comfort and functionality.

    Susan Carleton Pointe South

    13575 Sandy Key Dr Unit 537, Pensacola, FL 32507
  • /65

    $725,000

    $25K PRICE DROP
    • 3,406 Sq Ft

    1119 & 1121 E Lakeview Ave, Pensacola, FL 32503

    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

    Bobbi Godwin Connell & Company Realty Inc.

    1119 & 1121 E Lakeview Ave, Pensacola, FL 32503
  • /12

    $995,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    122 Celeste Place, Pensacola, FL 32507

    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

    James O'Donovan Octavius Real Estate

    122 Celeste Place, Pensacola, FL 32507
  • /6

    $265,000

    $30K PRICE DROP
    • 1,826 Sq Ft

    315 Valencia St, Pensacola, FL 32507

    Three One Bedroom rental units just outside Navy Point with quick and easy access to NAS Pensacola! Just two blocks from Navy Point park and boat launch! Property features 2 residential buildings. The first building (1328 SQ ft) is a duplex unit with TWO one bedroom units. Newer roof and recently replaced energy efficient windows as well as a new septic system. The second building (316 Chattman

    DON WELKER First City Real Estate Solutions

    315 Valencia St, Pensacola, FL 32507
  • /37

    $290,000

    • 4 Baths
    • 1,776 Sq Ft

    10120 Guidy Ln Unit 305 A&B, Pensacola, FL 32514

    Investor Alert! Fully Occupied turn key brick duplex just north of Nine mile and the fast growing area of Pensacola. Convenient to Navy Federal, Shopping, Scenic Hills Golf Course, UWF and everything nine mile has to offer. The duplex features 2 Adorable 2 bedroom 1.5 bath units off Guidy Lane with a 2025 roof. 305A has been recently updated No carpet in the entire home- tile floors throughout!

    David Keen REALTY MASTERS

    10120 Guidy Ln Unit 305 A&B, Pensacola, FL 32514
  • /40

    $345,000

    • 6 Beds
    • 6 Baths
    • 1,014 Sq Ft

    2303 W Michigan Ave, Pensacola, FL 32526

    Great investment!!! This price is for 3 units at the Golf Club in Pensacola, units E7, A6, and B1. They are two bedroom, two bath units. These rent for $1350-1500. One is rented out at $1500 and seller says he will get the other two rented out with acceptable offer and contract! Two units are completely renovated and available to see, the third is clean and move in ready but more original.

    Christina Leavenworth Levin Rinke Realty

    2303 W Michigan Ave, Pensacola, FL 32526
  • /62

    $900,000

    • 4 Beds
    • 2 Baths
    • 5,775 Sq Ft

    208 W Strong St Unit 1-4, Pensacola, FL 32501

    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

    Matthew Jones KELLER WILLIAMS REALTY GULF COAST

    208 W Strong St Unit 1-4, Pensacola, FL 32501
  • /36

    $424,000

    • 4 Beds
    • 4 Baths
    • 2,100 Sq Ft

    2337 Wyatt St, Pensacola, FL 32514

    Investment opportunity or house hack in a convenient Pensacola location! This well-maintained duplex at 2337 Wyatt Street features two bedrooms and two and a half baths on each side, with the added convenience of a downstairs half bath for guests and everyday living. Both units are in great shape and ready for immediate occupancy, making this an excellent option for investors looking for a

    Jon Worley Levin Rinke Realty

    2337 Wyatt St, Pensacola, FL 32514
  • /14

    $425,000

    • 1,862 Sq Ft

    9818 Vonna Jo Dr, Pensacola, FL 32506

    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

    Barbara Lewis Levin Rinke Realty

    9818 Vonna Jo Dr, Pensacola, FL 32506
  • /50

    $625,000

    • 8 Beds
    • 4 Baths
    • 3,700 Sq Ft

    130 E Nine Mile Rd Unit 5-8, Pensacola, FL 32534

    Discover an exceptional investment opportunity with this fully-rented four-plex in Pensacola, generating a robust monthly income of $4,435. This eight-bedroom, four-bathroom property spans 3,700 square feet and is perfectly situated in a prime location, making it an attractive prospect for savvy investors. With a durable brick exterior and a sturdy metal roof, this property is designed for

    Whitney Cooley Scenic Sotheby's International Realty

    130 E Nine Mile Rd Unit 5-8, Pensacola, FL 32534
  • /26

    $599,000

    • 6 Beds
    • 4 Baths
    • 2,566 Sq Ft

    305 N Pace Blvd Unit A+B, Pensacola, FL 32505

    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

    Faith Morgan FMIG

    305 N Pace Blvd Unit A+B, Pensacola, FL 32505
  • /75

    $649,000

    • 4 Beds
    • 4 Baths
    • 2,170 Sq Ft

    6625 Carlinga Dr, Pensacola, FL 32507

    Welcome to effortless coastal living at Lost Key Golf & Beach Club. Beautifully furnished with a modern organic design aesthetic, this fully furnished 4-bedroom, 4-bathroom, three-level villa blends clean lines, soft neutral tones, natural textures, & thoughtfully curated furnishings to create a space that feels both luxurious & inviting. A tandem garage provides ample room for vehicles, beach

    Sadie O'Gara Levin Rinke Realty

    6625 Carlinga Dr, Pensacola, FL 32507
  • /23

    $139,900

    • 1,056 Sq Ft

    3409 W Scott St, Pensacola, FL 32505

    Duplex Investment Opportunity – Solid Block Construction with New Roof Great opportunity to own a duplex with strong bones and plenty of upside. This concrete block, slab foundation property features two separate 1 bedroom / 1 bathroom units, offering an ideal layout for rental income, house hacking, or an investor looking for a value-add project. Both units need interior updates and repairs,

    Cliff Glansen Flatfee.com Inc.

    3409 W Scott St, Pensacola, FL 32505
  • /7

    $99,000

    $11K PRICE DROP
    • 2 Beds
    • 2.5 Baths
    • 1,159 Sq Ft

    2301 W Michigan Ave Unit 18, Pensacola, FL 32526

    Townhome Centrally located in Pensacola just off Michigan Ave. unit needs work . easy to show on combo box

    Lee Hall Lee Hall Realty

    2301 W Michigan Ave Unit 18, Pensacola, FL 32526
  • /71

    $650,000

    • 4 Beds
    • 4 Baths
    • 2,148 Sq Ft

    6635 Carlinga Dr, Pensacola, FL 32507

    Welcome to Perdido Key Life in the Ohana Beach House! This beautiful 4 bedroom, 4 bathroom Villa is located in the highly soughtafter community of Lost Key Golf & Beach Club, situated on 413 acres in the heart of Perdido Key. Once you enter this spaciousVilla, you'll fall in love with the custom wall treatments in the entry hallway and dining areas. The home has newly installed luxuryvinyl plank

    Susan Carleton Pointe South

    6635 Carlinga Dr, Pensacola, FL 32507
  • /27

    $522,000

    $28K PRICE DROP
    • 2,352 Sq Ft

    2805 N V St, Pensacola, FL 32505

    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 Appraised Value: $635,000 (Official appraisal dated 07/18/2025) Status: One Unit Vacant / One Unit Tenant-Occupied New Construction Duplex – One Unit Vacant Newly constructed duplex built in 2025. One

    Steven Koleno Beycome of Florida, LLC

    2805 N V St, Pensacola, FL 32505
  • /2

    $130,000

    $50K PRICE DROP
    • 1,404 Sq Ft

    3804 Ward Blvd, Pensacola, FL 32505

    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

    Dederek Teate, Jr. KELLER WILLIAMS REALTY GULF COAST

    3804 Ward Blvd, Pensacola, FL 32505
  • /11

    $409,000

    $41K PRICE DROP
    • 3 Baths
    • 1,100 Sq Ft

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

    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

    JOHN WAAS John Waas Realty LLC

    607, 609, 611 N 63rd Ave, Pensacola, FL 32506
  • /27

    $599,000

    • 6 Beds
    • 4 Baths
    • 2,566 Sq Ft

    309 N Pace Blvd Unit A+B, Pensacola, FL 32505

    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

    Faith Morgan FMIG

    309 N Pace Blvd Unit A+B, Pensacola, FL 32505
  • /18

    $1,500,000

    • 1 Bed
    • 1 Bath
    • 610 Sq Ft

    216 Broadmoor Ln, Pensacola, FL 32507

    This recently renovated 12-unit apartment building is located just west of Downtown Pensacola and offers investors a turnkey asset with strong in-place income and recent capital improvements. Each unit features a spacious 1-bedroom, 1-bathroom layout with approximately 610 sq. ft. of living space. Interior updates include new flooring, refreshed kitchens with updated cabinets and appliances, and

    Preston McGee Levin Rinke Realty

    216 Broadmoor Ln, Pensacola, FL 32507
  • /26

    $529,000

    • 3,700 Sq Ft

    130 E 9 Mile Rd, Pensacola, FL 32534

    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 $4,780, providing immediate returns with built-in upside potential. With lease

    Joshua Servo LPT Realty

    130 E 9 Mile Rd, Pensacola, FL 32534
  • /33

    $290,000

    • 2 Beds
    • 1.5 Baths
    • 1,776 Sq Ft

    10040 Guidy Ln Unit 303A&B, Pensacola, FL 32514

    Investor Alert! Turn key tenant occupied investment in one of the quickest growing areas of Pensacola just off Nine Mile Road. Convenient to Navy Federal Campus Scenic Hwy Uwf and everything Nine Mile Road has to offer. This brick duplex features two 2 bed 1 and a half bath units with an immaculate rental history and a 2025 roof. These units rent extremely quickly and upkeep is minimal. 303a

    David Keen REALTY MASTERS

    10040 Guidy Ln Unit 303A&B, Pensacola, FL 32514
  • /2

    $275,000

    $10K PRICE DROP
    • 6,000 Sq Ft

    198 Saint John St, Pensacola, FL 32503

    Advertising the Future use of this property existing mobile home is in disrepair and the highest and best use is as a quadplex.

    Ryan Bell Ryan Bell, Broker

    198 Saint John St, Pensacola, FL 32503
  • /32

    $795,000

    $154K PRICE DROP
    • 2,904 Sq Ft

    4 W De Soto St, Pensacola, FL 32501

    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

    AMITY NOWLING Crystal Shores 2 Inc.

    4 W De Soto St, Pensacola, FL 32501
  • /57

    $425,000

    $24K PRICE DROP
    • 1,599 Sq Ft

    304 W Cervantes St, Pensacola, FL 32501

    Great opportunity! Fantastic location only 8 blocks North of Garden St, and 3 blocks West of Palafox St. Zoned PR-2 North Hill Preservation Multiple-Family District. Currently utilized as a business office, this house can be made into a multi-family property with a 2BR/1.5BA and a 1BR/1BA...or a combination. Use 1 side as a residence, and the other side as an office or rental. Would be a great

    Frasier Phelps Berkshire Hathaway Home Services PenFed Realty

    304 W Cervantes St, Pensacola, FL 32501
  • /16

    $192,000

    • 2 Beds
    • 2 Baths
    • 1,290 Sq Ft

    2831 Villager Cir, Pensacola, FL 32504

    Welcome home to this beautifully maintained two-story townhome ideally located in the heart of northeast Pensacola! Nestled in the quiet Regency Park community, this property offers the perfect blend of comfort, convenience, and value.Step inside to find an inviting open-concept living area with cathedral ceilings, a cozy wood-burning fireplace, and large windows that flood the space with

    Steven Youell Berkshire Hathaway Home Services PenFed Realty

    2831 Villager Cir, Pensacola, FL 32504
  • /37

    $765,000

    • 3,246 Sq Ft

    600 E Jackson St, Pensacola, FL 32501

    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

    Abigail Barnett Lokation

    600 E Jackson St, Pensacola, FL 32501
  • /11

    $325,000

    • 4,284 Sq Ft

    4200 W Jackson St, Pensacola, FL 32505

    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

    Brittany Smith Bastion Realty LLC

    4200 W Jackson St, Pensacola, FL 32505
  • /33

    $221,000

    $4K PRICE DROP
    • 1,880 Sq Ft

    907 N 57th Ave Unit 907 and 909 N 57th A, Pensacola, FL 32506

    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

    Mehdi Moeini Bay City Realty LLC

    907 N 57th Ave Unit 907 and 909 N 57th A, Pensacola, FL 32506

Why Live in Pensacola

Pristine white-sand beaches and emerald waters define life in Pensacola, where residents enjoy swimming and sunbathing at Pensacola Beach year-round. The city's rich military heritage comes alive at the National Naval Aviation Museum, one of the world's largest aviation museums, which provides free admission and thrilling Blue Angels practice shows. Downtown Pensacola's historic streets feature local art galleries, boutique shopping along Palafox Street, and acclaimed restaurants like Jackson's Steakhouse and Angelena's Ristorante Italiano. Outdoor recreation abounds at Big Lagoon State Park, perfect for kayaking and hiking, while Fort Pickens provides both historical exploration and scenic Gulf views.

The housing market includes diverse options across price points. The median sale price for homes is $280,900, with single-family homes in Downtown Pensacola commanding a median price of $470,000. Townhomes have a median price of $244,900, while two-bedroom condos typically sell for $315,000. The cost of living sits 12.8% below the national average. A family with school-age children needs approximately $94,000 annually to live comfortably, while renters should aim for $55,000. Property taxes remain competitive at 0.6%, and Florida residents pay no state income tax.

The education system includes West Florida High School of Advanced Technology, rated A by Niche, and Redeemer Lutheran School serves both elementary and middle school students. The University of West Florida and Pensacola State College provide higher education options. Commuters benefit from easy access to Interstate 10, with Mobile, Alabama just 50 miles west and New Orleans 165 miles away. The subtropical climate features mild winters with temperatures from the mid-40s to mid-60s Fahrenheit, while summers range from the mid-70s to low 90s.

Home Price Trends

Median Sale Price
$298,750
Median Single Family Sale Price
$300,000
Median Townhouse Sale Price
$242,900
Median 2 Bedroom Sale Price
$223,750
Median 1 Bedroom Sale Price
$254,750
Average Price Per Sq Ft
$217
Number of Homes for Sale
1,537
Last 12 months Home Sales
4,472
Months of Supply
4.10
Median List Price
$320,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
7%
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