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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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608 N 9th Ave , Pensacola, FL 32501
$690,000
Est. Payment: $3,499.55/mo
0 Bed
3 Bath
1300 Sqft
Status: active | Days on site: 49
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

*Seller Financing available with $350k down* Located less than one mile from Downtown Pensacola, 608 N 9th Ave offers two fully furnished rental units on one property with established mid-term rental income already in place. Check the documents for proven cap rate info! The front unit is a 2 bedroom, 1 bath cottage with a covered front porch, bright exterior, and a layout that works well for furnished rental use. The back unit is a 2 bedroom, 2 bath residence, with off street parking, giving the property two separate rental options on one downtown-adjacent parcel. Both units are currently leased through the remainder of 2026, giving an investor immediate income without the initial vacancy period, furnishing expense, or setup work typically required when launching a furnished rental. The sale includes furnishings, and the property is currently self-managed with no property management fee built into the current operation. Projected 2026 gross revenue is approximately $66,506 based on seller-provided income history and existing lease agreements. The location supports multiple rental strategies, with quick access to Downtown Pensacola, Pensacola Bay Center, McGuire’s, the Sanctuary Event Venue, Publix, restaurants, festivals, and Pensacola Beach. The two-unit setup gives a buyer flexibility for mid-term rentals, furnished rentals, corporate housing, travel professionals, or a future owner-occupant scenario with personal residence in one unit and rental for the other. Financial information, income history, projected expenses, and lease details are available for review. Buyers should verify all figures, lease terms, taxes, and rental projections during due diligence.

Highlights

Listed by Katie Anderson , 850-324-3510 KELLER WILLIAMS REALTY GULF COAST , 850-471-5000. Pensacola Association of REALTORS®, Inc.

Property Type

Multi-Family

Year Built

1936

County

Escambia - Fl

Neighborhood

New City Tract

Listing ID

685359

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Electric Water Heater
Air Cond:Central Air
Fireplaces:
Floor:Hardwood
Water:Public

Exterior Features

Lot:Central Access
Garage Capacity:1
Zoning:Commercial
Roof:Shingle
Others:
  • Additional:Resale
Sewer:Public Sewer
Parking Features:Carport
Principal Interest
$3,500
Taxes
$440

Home Price

$690,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$138,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,499.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,499.55 $439.88 $0.00 $3,939.42
Yearly $41,994.60 $5,278.50 $0.00 $47,273.10
Total $1,259,837.93 $158,355.00 $0.00 $1,418,192.93

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Pensacola, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:06:24.000Z

© 2026 Pensacola Association of REALTORS®, Inc.