$550,000
$199K PRICE DROP

Estimated payment $3,239/month

Total Views 31,608
4 Beds
3 Baths
1,300 Sq Ft
$423 Price per Sq Ft

Highlights

  • Attached Guest House
  • Wood Flooring
  • Cottage
  • Updated Kitchen
  • No HOA
  • Porch

About This Home

*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.

Listing Agent

Katie Anderson

KELLER WILLIAMS REALTY GULF COAST Listed on: 07/06/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1936

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms

Parking

  • 1 Parking Space
  • 1 Carport Space

Outdoor Features

  • Patio
  • Porch

Schools

  • A.K. Suter Elementary School
  • Workman Middle School
  • Pensacola High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 2,178 Sq Ft Lot
  • Attached Guest House

Community Details

  • No Home Owners Association
  • New City Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000S009025019062

Home Details

Home Type

Single Family

Year Built

Built in 1936

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Stories: 1
  • Parcel Number: 000S009025019062
  • Property Type: Residential
  • Year Built: 1936
  • Electric: Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.05
  • Road Surface Type: Paved
  • Subdivision Name: New City Tract
  • Directions: Cervantes to south on 9th ave, home on the left
  • Architectural Style: Cottage
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: No Energy Features
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Hardwood
  • Interior Amenities: Attached Self Contained Living Area
  • Living Area: 1300
  • Bedroom/Bathroom Features: Remodeled
  • Dining Room Features: Kitchen/Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 15
  • Room Kitchen Features: Remodeled
  • Room Master Bedroom Area: 150

Exterior Features

  • Roof: Shingle
  • Lot Features: Central Access
  • Pool Features: None
  • Construction Type: Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Patio, Porch
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Carport
  • Total Parking Spaces: 1

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: A.K. Suter
  • High School: Pensacola
  • Middle Or Junior School: WORKMAN

Lot Info

  • Lot Size Sq Ft: 2178
  • Zoning Description: Res Single

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,843 $221,290 $44,590 $176,700
2024 $3,004 $250,108 $41,405 $208,703
2023 $3,004 $174,851 $41,405 $133,446
2022 $1,830 $107,712 $41,405 $66,307
2021 $1,685 $93,611 $0 $0
2020 $1,561 $87,806 $0 $0
2019 $1,518 $84,712 $0 $0
2018 $1,094 $71,018 $0 $0
2017 $909 $47,944 $0 $0
2016 $907 $48,576 $0 $0
2015 $827 $42,375 $0 $0
2014 $760 $38,308 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/16/2026 09/16/26 Price Changed $550,000 -15.4% $423 / Sq Ft
08/20/2026 08/20/26 Price Changed $650,000 -5.8% $500 / Sq Ft
07/25/2026 07/25/26 Price Changed $690,000 -1.4% $531 / Sq Ft
07/12/2026 07/12/26 Price Changed $700,000 -6.5% $538 / Sq Ft
07/06/2026 07/06/26 For Sale $749,000 -- $576 / Sq Ft
Source: Pensacola Association of REALTORS®

Source: Pensacola Association of REALTORS®

MLS Number: 685487

Pensacola Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.