Search
Five-Home Apartment Property
For Sale
$329,000

5378 Alabama St, Milton, FL 32570

MULTI_FAMILY - Milton, FL

Property Size1,136 SF
Lot Size1.13 Acres
Price / SF$289.61
Days on Market484

Property Features for 5378 Alabama St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description City
Parking features Driveway
Appliances Electric Water Heater
Lot features Corner Lot
Elementary school W. H. Rhodes
Middle school KING
High school Milton
Directions From the Intersection of Avalon Blvd and Hwy 90, travel East on Hwy 90 until Hwy 87, AKA Stewart St. turns North. Turn left on Stewart St. and travel until Berryhill Rd. Intersection. Turn right on Berryhill Rd. and travel to stop sign and turn left onto Alabama St. Travel North on Alabama St. for approximately 4 Blocks and the property is on the right. Corner of Alabama St. and Hunt St.
Standard status Active
APN 031N282530001000010
Size 1,136 SF
Lot size 1.13 Acres

Taxes and HOA fees

Tax Description a portion of, TOWN OF MILTON LOTS 1 2 & 3 ON W SIDE BLK 1 & THAT PORT OF BLK 1 LYING BETWEEN LOTS 1 2 & 3 & THE MEDIAN SEC LINE & AS DES IN OR 1834 PG 52 6 & AS DES IN OR 3723 PG 1788 & AS DES IN OR 3724 PG 1907
Legal Description a portion of, TOWN OF MILTON LOTS 1 2 & 3 ON W SIDE BLK 1 & THAT PORT OF BLK 1 LYING BETWEEN LOTS 1 2 & 3 & THE MEDIAN SEC LINE & AS DES IN OR 1834 PG 52 6 & AS DES IN OR 3723 PG 1788 & AS DES IN OR 3724 PG 1907

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1949
Number of units 5
Roof type Metal
Listing Agency: Levin Rinke Realty
Listed By: Alan Trammell · License #SL3397816
Added: Apr 11, 2025 Changed: Aug 4 Last Checked: Aug 7 at 9:06AM
MLS# 662435

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 multifamily property comprises five separate rental homes on a surveyed 1.13-acre parcel. Four residences contain two bedrooms and one bathroom, while the fifth has one bedroom and one bathroom. The homes date to 1949 and include metal roofing, electric water heaters, driveway parking, public water, and public sewer. Rent history is available for review.

The property includes 5378 Alabama St, 5374 Alabama St, 6794 Hunt St, 5374 Hunt Ct, and 5380 Hunt Ct. A potential building site is identified at the corner of Alabama St. and Hunt St. The parcel has been surveyed for subdivision, with a new parcel number and legal description expected to be recorded at closing. Buyers should independently verify property metrics and subdivision details during due diligence.

Key Highlights

  • Five separate income‑producing homes on 1.13 acres
  • Four 2‑bedroom, 1‑bath homes plus one 1‑bedroom, 1‑bath home
  • Surveyed for subdivision with a new parcel number and legal description at closing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Grocery & Convenience Store Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

Demographics for 32570, FL

33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Five separate rental homes offer a compact multifamily configuration with public water and sewer service.
Where is this apartment building located?
The property is located at 5378 Alabama St Milton, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Five separate income‑producing homes on 1.13 acres; Four 2‑bedroom, 1‑bath homes plus one 1‑bedroom, 1‑bath home; Surveyed for subdivision with a new parcel number and legal description at closing
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message