5392 Munson Hwy, Milton, FL 32570
Local realty services provided by:ERA Old South Properties, Inc.
5392 Munson Hwy,Milton, FL 32570
$500,000
- 8 Beds
- 8 Baths
- 3,600 sq. ft.
- Multi-family
- Active
Listed by: matthew jones
Office: keller williams realty gulf coast
MLS#:686607
Source:FL_PMLS
Price summary
- Price:$500,000
- Price per sq. ft.:$138.89
About this home
Riverfront quadplex just east of Downtown Milton with rental income already in place. Each of the four units offers 2 bedrooms and 2 bathrooms. Three units currently rent for $1,200 per month and one rents for $1,150. Tenants pay their own utilities and the owner covers lawn care. All four units are currently leased with staggered expirations of 7/30/2027, 9/30/2026, 12/31/2026, and 2/28/2027. The location is a major highlight. The property sits along the Blackwater River and is about half a mile from both Downtown Milton and Carpenter’s Park, which offers a public boat launch, river access, playground, and green space. The riverfront is currently natural and wooded, creating a private setting along the Blackwater River. The property previously had a dock. All four units share the same efficient layout. Tenants enter through a small foyer into the open kitchen and living area, with sliding glass doors leading to a large private balcony. The balcony also houses the laundry room and provides a quiet outdoor space overlooking the wooded riverfront. Down the hall are two bedrooms and two full bathrooms. One bedroom in each unit opens directly to the balcony and looks toward the river. Covered parking for the units is located beneath the building. Investors may also appreciate the flexibility this property offers. With its riverfront location and proximity to downtown Milton and river recreation, a future owner may explore the possibility of using one or more units as a short term rental. Riverfront multifamily opportunities in this area are rare. Whether you are looking for a long term hold or a unique waterfront investment, this property deserves a closer look....
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Home facts
- Year built:1984
- Subdivision & Development:Waterfront
- Listing ID #:686607
- Added:2 day(s) ago
- Updated:July 31, 2026 at 03:32 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Laminate, Simulated Wood, Tile
- Kitchen Description:Built In Microwave, Dishwasher, Electric Water Heater, Refrigerator
- Living area:3,600 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1984
- Building area:3,600 sq. ft.
- Construction Materials:Frame
- Exterior Features:Deck
- Foundation Description:Pillar/Post/Pier
Schools
- High school:Milton
- Middle school:KING
- Elementary school:W. H. Rhodes
Finances and disclosures
- Price:$500,000
- Price per sq. ft.:$138.89
Features and amenities
- Laundry features:Washer/Dryer Hook Up
- Amenities:Baseboards, Blinds, Cable Available, Ceiling Fan(s), Electric Water Heater, Storage
Parking
- Parking description:2 Space/Unit, Covered
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