Home for Sale
$775,000
4 bd · 4 ba · 2,180 sqft
Pensacola, FL 32501 · MLS# 685359 · Active · New City Tract
*Seller Financing available with $350k down* 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.
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
608 N 9th Ave, Pensacola, FL 32501 · See all Pensacola homes for sale
Home for Sale
$775,000
4 bd · 4 ba · 2,180 sqft
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608 N 9th Ave is a multi-family home for sale in Pensacola, FL 32501. This property was listed for sale on July 2, 2026 by KELLER WILLIAMS REALTY GULF COAST, it's currently listed at $690,000. This listing's school district is Escambia - Fl Public Schools. Nearby schools include Suter, WORKMAN and Pensacola. 608 N 9th Ave is a 3-bath multi-family home built in 1936.