Fully Renovated 4-Plex Income
1601 E Cervantes Pensacola, FL 32501
1601 E Cervantes, Pensacola, FL, 32501
$675,000
For Sale
$675,000
MULTI_FAMILY - Pensacola, FL
Days on Market95
Property Features for 1601 E Cervantes
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Fireplace
- 1
- Appliances
- Tankless Water Heater
- Standard status
- Active
- APN
- 000S009025001100
Taxes and HOA fees
- Tax Description
- LTS 1 2 BLK 100 NEW CITY TRACT OR 8947 P 1295 OR 8971 P 1721 CA 41
Utilities
- Heating system
- Central, Fireplace(s)
- Cooling system
- Wall/Window Unit(s), Multi Units, Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1933
- Number of units
- 4
- Roof type
- Shingle
Listing Agency
Better Homes And Gardens Real Estate Main Street Properties
(850) 912-4123
1313 Creighton Road Suite A, Pensacola, FL
Listed by
Blair Phillips Beck
(850) 912-4123
Added: Apr 14 Checked: Jul 17 at 11:06 am
MLS# 680916
Listing URL
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated 4-plex is set up for income production with four distinct units (A–D) and a mix of layouts designed for both short-term stays and longer visits. Unit A includes a king bedroom, full kitchen, and private laundry room. Unit B features a king suite, updated bath, and a dedicated outdoor entertaining area with a fire pit, grill, and dining space, with laundry utilities shared with Unit C. Unit C is a fully renovated second-floor 2BR with dual king suites, smart TVs, and comfortable living space, with shared laundry utilities. Unit D is a studio with a king bed, walk-in rain shower, in-unit laundry, and a private deck with outdoor seating and grill. Recent upgrades include a full roof replacement in 2021, updated plumbing in the B/C laundry area, and installation of a tankless water heater completed by a licensed plumber.
Located in the East Hill neighborhood, the property is approximately four blocks from Publix and about 5 minutes to downtown Pensacola, with Pensacola Beach roughly 15 minutes away. The configuration supports guest demand for both short-term and extended-stay use, and the current operating model has included renting as a 4-unit income-producing STR asset or as a whole for larger groups.
For investors or owner-occupants, the property offers established rental performance and immediate cash flow potential based on the reported income history. It may also qualify for FHA financing, which can allow an owner to live in one unit while using the remaining units as income-producing rentals. The property is currently fully furnished, with furnishings available for purchase or negotiation with an acceptable offer.
Located in the East Hill neighborhood, the property is approximately four blocks from Publix and about 5 minutes to downtown Pensacola, with Pensacola Beach roughly 15 minutes away. The configuration supports guest demand for both short-term and extended-stay use, and the current operating model has included renting as a 4-unit income-producing STR asset or as a whole for larger groups.
For investors or owner-occupants, the property offers established rental performance and immediate cash flow potential based on the reported income history. It may also qualify for FHA financing, which can allow an owner to live in one unit while using the remaining units as income-producing rentals. The property is currently fully furnished, with furnishings available for purchase or negotiation with an acceptable offer.
Key Highlights
- Fully renovated 4‑plex built in 1933, currently operated as a 4‑unit income‑producing STR or rented as a whole
- Estimated income performance: approximately $10,000+ per month gross rental income; annual revenue exceeding $120,000
- Four unit mix: Unit A (king bedroom, full kitchen, private laundry), Unit B (king suite, outdoor entertaining with fire pit/grill/dining), Unit C (2BR with dual king suites), Unit D (studio with king bed, walk‑in rain shower, in‑unit laundry, private deck with seating/grill)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey, fully renovated 4-unit property with strong gross rental history and flexible short-term or group accommodations.
Where is this quadplex located?
The property is located at 1601 E Cervantes Pensacola, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully renovated 4‑plex built in 1933, currently operated as a 4‑unit income‑producing STR or rented as a whole; Estimated income performance: approximately $10,000+ per month gross rental income; annual revenue exceeding $120,000; Four unit mix: Unit A (king bedroom, full kitchen, private laundry), Unit B (king suite, outdoor entertaining with fire pit/grill/dining), Unit C (2BR with dual king suites), Unit D (studio with king bed, walk‑in rain shower, in‑unit laundry, private deck with seating/grill)
