$235,000
UNDER CONTRACT

Estimated payment $1,536/month

Total Views 2,946
-- Bed
-- Bath
2,104 Sq Ft
$112 Price per Sq Ft

About This Home

This INCOME-PRODUCING property features 3 rental units (with established tenants), offering IMMEDIATE CASH FLOW for savvy investors. Unit A (Main House) is over 1,000 sqft with 2 bedrooms and 1 full bath, currently rented at $1,000/month. The detached 2-story building includes Unit B (upstairs) and unit C (downstairs). B and C are both 1-bed 1-bath units, each rented at $750/month. Total monthly rental income equals $2,500 BUT WAIT THERES MORE... all 3 units pay monthly towards utilities: Unit A pays $300/month, while Units B & C each pay $150/month. Major UPDATES include a 2021 roof on BOTH buildings and two NEW water heaters installed in 2021. The property is on septic, with drain fields replaced in 2018. This income-generating asset is conveniently located just 10 minutes from NAS, 15 minutes to Perdido Key or Palafox St, and approx. 25 minutes to Pensacola Beach.

Listing Agent

Kathleen Batterton

Levin Rinke Realty Brokerage Email: Kathy@KathyBatterton.com Listed on: 05/16/2025

Co-Listing Agent

Charley Drain

Levin Rinke Realty Brokerage Email: Kathy@KathyBatterton.com

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Home Design

  • 2,104 Sq Ft Home
  • Shingle Roof
  • Block Exterior

Schools

  • Pleasant Grove Elementary School
  • Bailey Middle School
  • Escambia High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Septic Tank

Community Details

  • 3 Units
  • Beach Haven Subdivision

Listing and Financial Details

  • Assessor Parcel Number 352S311000017032

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Parcel Number: 352S311000017032
  • Property Type: Residential Income
  • Year Built: 1955
  • Electric: Copper Wiring
  • Property Sub Type: Other
  • Horses: No
  • Co List Office Mls Id: LRRR02
  • Co List Office Phone: 850-916-5050
  • Subdivision Name: Beach Haven
  • Directions: Heading West on Gulf Beach Hwy turn RIGHT on Bainbridge Ave. The property is the second plat on the left.
  • New Construction: No
  • Attribution Contact: Kathy@KathyBatterton.com
  • Special Features: UnderContract

Interior Features

  • Appliances: Gas Water Heater

Exterior Features

  • Roof: Shingle
  • Lot Features: Central Access
  • Construction Type: Block
  • Property Condition: Resale

Utilities

  • Heating: Wall/Window Unit(s)
  • Cooling: Wall/Window Unit(s)
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Pleasant Grove
  • High School: Escambia
  • Middle Or Junior School: BAILEY

Lot Info

  • Zoning Description: Res Multi

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $235,000 +32.4% $112 / Sq Ft
08/19/2021 08/19/21 Sold $177,500 -1.9% $65 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/24/2021 07/24/21 Price Changed $180,900 -4.7% $66 / Sq Ft
07/16/2021 07/16/21 Price Changed $189,900 +11.1% $69 / Sq Ft
07/15/2021 07/15/21 For Sale $170,900 0.0% $62 / Sq Ft
07/15/2021 07/15/21 Price Changed $170,900 -3.7% $62 / Sq Ft
06/16/2021 06/16/21 Off Market $177,500 -- --
05/26/2021 05/26/21 Price Changed $189,900 -2.6% $69 / Sq Ft
05/24/2021 05/24/21 Price Changed $195,000 -2.5% $71 / Sq Ft
05/11/2021 05/11/21 For Sale $200,000 0.0% $73 / Sq Ft
05/11/2021 05/11/21 Price Changed $200,000 +12.7% $73 / Sq Ft
02/01/2021 02/01/21 Off Market $177,500 -- --
01/24/2021 01/24/21 Price Changed $185,000 -7.5% $67 / Sq Ft
01/15/2021 01/15/21 Price Changed $200,000 -9.1% $73 / Sq Ft
01/05/2021 01/05/21 For Sale $220,000 -- $80 / Sq Ft
Source: Pensacola Association of REALTORS®

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Source: Pensacola Association of REALTORS®

MLS Number: 664473

Pensacola Association of REALTORS®

APN: 35-2S-31-1000-017-032