For Sale
1 / 33
Property summary
This exceptional multifamily investment opportunity in Pensacola, Florida, presents two charming, single-family homes situated on a 0.408-acre lot in the desirable Myrtle Grove neighborhood. The property, encompassing 1,880 square feet, consists of two one-story buildings, each with its own unit, built in 1940. Currently boasting 100% occupancy, this property offers immediate income generation. One unit, located at 907 N 57th Ave, rents for $1,095 per month with a lease expiring February 29, 2024, and has been occupied since September 26, 2020. The second unit, at 909 N 57th Ave, commands $825 per month, also with a lease expiring February 29, 2024, and occupied since March 9, 2023. Both homes have recently had their roofs replaced, minimizing future maintenance expenses. The property is zoned MDR and offers a strong rental history, making it an ideal addition to any investment portfolio. Its convenient location near schools, grocery stores, and healthcare facilities, coupled with the proximity to attractions like the Naval Aviation Museum and Perdido Key beaches, enhances its appeal. The asking price is $229,000, translating to $121.81 per square foot. This represents a compelling opportunity for investors seeking a proven income-generating asset in a thriving coastal city. The property includes two parcels, as indicated by the APN 352S302500150012.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Pensacola market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
