1601 E Cervantes, Pensacola, FL 32501

Pensacola
Local realty services provided by:ERA American Real Estate
1601 E Cervantes,Pensacola, FL 32501
$675,000
  • - Beds
  • - Baths
  • 2,162 sq. ft.
  • Multi-family
  • Active
Listed by: blair phillips beck
Office: better homes and gardens real estate main street properties
MLS#:680916
Source:FL_PMLS

Price summary

  • Price:$675,000
  • Price per sq. ft.:$312.21

About this home

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in the highly sought-after East Hill neighborhood. The property generates approximately $10,000+ per month in gross rental income, with annual revenue exceeding $120,000. Ideally located just 4 blocks from Publix, 5 minutes to downtown Pensacola, and 15 minutes to the white sands of Pensacola Beach, this meticulously updated property consistently attracts both short-term and extended-stay guests. The property is currently operated as a 4-unit income-producing STR asset or rented as a whole for larger groups. It may also qualify for FHA financing, which allows an owner-occupant buyer to live in one unit while using the remaining units as income-producing rentals. The property features four thoughtfully designed units (A–D) with a versatile mix of layouts: Unit A offers a spacious king bedroom, full kitchen, and private laundry room. Unit B features a king suite with updated bath and a standout outdoor...

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Home facts

  • Year built:1933
  • Subdivision & Development:New City Tract
  • Listing ID #:680916
  • Added:123 day(s) ago
  • Updated:August 16, 2026 at 03:05 PM

Rooms and interior

  • Flooring:Hardwood
  • Kitchen Description:Tankless Water Heater
  • Living area:2,162 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Multi Units, Wall/Window Unit(s)
  • Heating:Central, Wall/Window Unit(s)
  • Central air:Yes

Structure and exterior

  • Roof:Gable, Shingle
  • Year built:1933
  • Building area:2,162 sq. ft.
  • Lot Features:Corner Lot

Schools

  • High school:Washington
  • Middle school:WORKMAN
  • Elementary school:Suter

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$675,000
  • Price per sq. ft.:$312.21

Features and amenities

  • Laundry features:Laundry Inside
  • Amenities:Baseboards, Ceiling Fan(s), Tankless Water Heater

Parking

  • Parking description:On Street
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