$5,639

closing credit¹

509 N L St Pensacola, FL 32501

$474,900
4 full
Multi-Family

Property details

About 509 N L St

Incredible Investment Opportunity in a Prime Location! This well-maintained, brick and vinyl triplex offers an excellent chance to own a multi-family, income-producing property in a fantastic location, just minutes from the Navy Base, hospitals, shopping, and Downtown Pensacola. Featuring two spacious 3-bedroom/2-bath units (approximately 1,450 sq. ft. each) and one 2-bedroom/2-bath unit (approximately 1,225 sq. ft.), each unit is equipped with front and back entrances, inside utility rooms with wash tubs, and ample pantry space, providing added functionality and comfort. The expansive, fenced backyard offers privacy and room for future expansion, including an outbuilding on the lot with water and power connections, making it a potential 4th rental unit or a bonus storage area. Each unit boasts large master bedrooms, vinyl, tile, and carpet flooring, and included kitchen appliances. Unit A is currently rented month-to-month, while Unit B is occupied by the owner. Unit C, currently used as a furnished Airbnb, adds immediate short-term rental income potential. This property features numerous recent updates, including a brand-new roof installed in 2023. Additional amenities include washer/dryers in Units A and C, separate electric meters, and a large parking area for 6 cars! With plenty of opportunities to further improve and maximize rental income, this triplex is a fantastic investment. The large lot size and low-maintenance exterior make this property stand out. Many items in the yard and outbuildings convey with the sale, offering even more value. Don’t miss this chance to own a ready-to-rent property with significant income potential and room to grow! Call today to schedule your showing.

Highlights

Home typeTriplex
HeatingCentral
StatusAccepting Backup Offers
(Contingent)
CoolingCeiling Fan(s), Multi Unit(s), Central Air
Year built1996
ParkingDriveway, Front Entrance, Guest
MLS #655782

Summary

  • MLS Number: 655782
  • MLS Name: Pensacola MLS
  • Office Name: Levin Rinke Realty
  • Office Email: allisonbrandtrealtor@gmail.com
  • Listing Agent: Allison Brandt

Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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exterior space featuring a yard

$474,900

509 N L St

$5,639

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 31, 2003
Home Sold
$194,900

Tax history

YearAssessmentProperty Tax
2023$188,857$2,665
2022$183,357$2,541
2021$178,017$2,541

History based on county public records data.

Nearby schools

1

Global Learning Academy

Public District PK-5

0.4 mi

100 N P St

2

Oakcrest Elementary School

Public District PK-5

1.5 mi

1820 Hollywood Ave

4

C. A. Weis Elementary School

Public District PK-5

1.6 mi

2701 N Q St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $27,869. Most Pensacola, FL residents have annual incomes less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

58%
<35k
29%
35k-100k
7%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

65%
Single, No Kids
16%
Single, with Kids
12%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
46%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing
  • SoccerSoccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Golden CorralGolden Corral
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • MazdaMazda

What do the neighbors listen to?

  • RockRock
  • Adult StandardsAdult Standards
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 509 N L St in Pensacola, FL and zip code 32501 in the Sunny Ridge neighborhood. Features: 4 bathrooms. It has been listed on Rocket Homes since November 29, 2024 and is currently priced at $474,900.

In January 2025, from all listings sold in Pensacola, FL there were more than 18 sold above asking price, over 128 sold below and more than 68 were sold right at the asked price. The number of listings in Pensacola, FL increased by 7.3% between December and January 2025. Listings spent 84 days on the market in January 2025, and had a median list price of $285,303 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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