3061 N 16th Ave
Pensacola, FL 32503
- 2 beds
- 1 bath
- 540 sqft
- $738 per sqft
- 1955 build
- – on site
Investment Opportunity in East Hill! Located in the desirable East Hill neighborhood, this (fully renovated down to the stud) duplex offers incredible rental potential. Effective year built is 2024. The duplex contains 2 units: each unit contains 2 bedrooms, 1 bathroom, a kitchen, a living room, laundry, and a separate driveway. The sellers put up a new privacy fence as well. With a potential rental income of $1,500 per month per unit, this property has the potential to generate approximately $36,000 in gross annual rental income. With the duplex essentially being brand new, you can enjoy the peace of mind that comes with low maintenance and no immediate repair or update costs. Insurance quotes came in around $2700 per year. This is a rare opportunity to own a modern, well-located multi-unit property in East Hill – perfect for investors looking for a high-quality addition to their portfolio. Property comes unfurnished but was staged for photos.
Last checked:
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Last updated Apr 21, 2025
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MLS# 662950 —
The Building
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Year Built:1955
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Roof:Shingle
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Building Area Total:1081
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
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Living Area:540
Location
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Directions:North on 17th Ave, Left on E Hayes St, Left on 16th Ave, duplex is on the left.
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Latitude:30.446139
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Longitude:-87.201852
The Property
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Parcel Number:000S009025009375
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Property Type:Residential Income
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Property Subtype:Duplex
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Lot Features:Central Access
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Lot Size Units:Acres
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Horse:false
Listing Agent
- Contact info:
- Agent phone:
- (850) 730-1017
- Office phone:
- (850) 266-7557
Taxes
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Tax Legal Description:S 1/2 OF LOTS 8 9 10 BLK 375 NEW CITY TRACT OR 9072 P 1566 CA 35
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Total Baths:1
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Full Baths:1
Heating & Cooling
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Heating:Central
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Heating:true
Utilities
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Electric:Copper Wiring
Schools
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Elementary School:Oj Semmes
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Middle Or Junior School:WORKMAN
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High School:Washington
The Community
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Subdivision Name:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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4/21/25
Apr 21, 2025
|
Listed / Active | PAR | $399,000 | 99.5% (70.2% / YR) |
11/21/23
Nov 21, 2023
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PAR | $200,000 |