1 of 70

Want to see this property?

509 N L St

Pensacola, FL 32505

– beds
4 baths
– sqft
1996 build
– on site

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.

Listing courtesy of PAR / Levin Rinke Realty

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# 655782 —

The Building

Year Built:

1996
New Construction:

false
Construction Materials:

Brick
Levels:

One
Stories:

1
Roof:

Shingle
Foundation Details:

Slab
Door Features:

Insulated Doors
Window Features:

Double Pane Windows
Patio And Porch Features:

Patio
Security Features:

Smoke Detector(s)
Green Energy Efficient:

Insulation
Building Area Total:

4121
Building Area Units:

Square Feet

Interior

Interior Features:

Storage
Flooring:

Tile
Kitchen Features:

Kitchen Island, Pantry
Laundry Features:

Inside

Room Dimensions

Living Area Units:

Square Feet

Location

Directions:

From West Cervantes St, turn South onto N. L Street. Home is on the right.
Latitude:

30.418121
Longitude:

-87.238313

The Property

Parcel Number:

000S009060012118
Property Type:

Residential Income
Property Subtype:

Triplex
Property Condition:

Resale
Lot Features:

Central Access
Lot Size Dimensions:

91.5' x 150'
Lot Size Units:

Acres
Zoning Description:

Res Multi
Horse:

false
Other Structures:

Workshop/Storage
Fencing:

Partial
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Legal Description:

The South 61 Feet of Lot 12, and all of Lots 16, 17, and 18, and the North 30.5 feet of Lot 23, Block 118, West King Tract, in the City of Pensacola, according to the map of said City, copyrighted by Thomas C. Watson in 1906.

Baths

Bathrooms Total:

4
Total Baths:

4
Full Baths:

4

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Cable Available
Electric:

Circuit Breakers
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Water Heater

Schools

Elementary School:

Global Learning Academy
Middle Or Junior School:

Warrington
High School:

Pensacola

The Community

Subdivision Name:

West King Tract
Pool Features:

None

Parking

Garage:

false
Carport:

false
Parking Features:

Driveway
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/29/24 Nov 29, 2024	Listed / Active	PAR	$474,900

Want a closer look?

Go see 509 N L St

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Pensacola, FL

Similar sold homes

This multifamily located in South Pensacola, Pensacola 32505 is currently for sale for $474,900. 509 N L St is a – square foot multifamily with – beds and 4 baths that has been on Estately for 23 days. 509 N L St is in the South Pensacola neighborhood of Pensacola and has a WalkScore® of 61, making it somewhat walkable. This multifamily is in the attendance area of Global Learning Academy, Pensacola High School, and Warrington Preparatory Academy.

Listing Courtesy of: PAR and Levin Rinke Realty.

© Copyright 2024 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. 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.