608 N 9th Ave, Pensacola, FL 32501
New City Tract · Escambia - Fl County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1936
Living Area
1,300 sq ft
Parking Spaces
1
Days on Market
10
MLS® Listing#
685359
Property Features
Appliances
Cooling
Heating
Flooring
Pool
Parking
Patio
Construction
Roof
Sewer
Water Source
Schools
- Elementary:
- Suter
- Middle:
- WORKMAN
- High:
- Pensacola
Financial Details
Parcel Number
000S009025019062
Directions
From Cervantes, go south on 9th Ave, house is on the left
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pensacola, FL
- $348,777
- Median Listing Price
- 74
- Median Days on Market
- 1,611
- Median Sq Ft
- $201
- Median Price / Sq Ft
- 1,627
- Active Listings
- This home’s price is 101% above the area median.
- Its price per sq ft is 169% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pensacola, FL.
Location
Map is currently unavailable for this location.
Points of Interest in Pensacola, FL
Showing the Pensacola area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1801 Conway Dr, Pensacola, FL | $490,000 | 3 | 2 | 1,916 |
| 98 N Jefferson 301A, Pensacola, FL | $493,000 | 1 | 1 | 837 |
| 5116 Pine Hollow Dr, Pensacola, FL | $494,900 | 4 | 3 | 2,749 |
| 1210 W Garden St, Pensacola, FL | $495,000 | — | — | — |
| 405 Creary St, Pensacola, FL | $495,000 | — | — | — |
| 2315 Summit Blvd, Pensacola, FL | $495,000 | 5 | 4 | 3,159 |
Moving Cost Estimate
EXIT Agents in Pensacola
Listing Courtesy: KELLER WILLIAMS REALTY GULF COAST - 8504715000