1601 E Cervantes, Pensacola, FL 32501

Pensacola
Local realty services provided by:ERA Old South Properties, Inc.
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
  • Listing ID #:680916
  • Added:60 day(s) ago
  • Updated:June 14, 2026 at 03:17 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
The information being provided by Pensacola Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Pensacola Association Of REALTORS®. ERA Old South Properties, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA Old South Properties, Inc., a broker participant of Pensacola Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Pensacola Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Pensacola Association Of REALTORS®. All rights reserved.

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