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Tracie Carter

traciecarterrealtor@gmail.com +1(901) 870-7392

Listed by Matthew Jones • KELLER WILLIAMS REALTY GULF COAST

$ 500,000

Est. payment | -/mo

8 Beds

8 Baths

3,600 SqFt

Save

$ 500,000

Est. payment | -/mo

Save

8 Beds

8 Baths

3,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $138

Subdivision Waterfront

MLS Listing ID 678864

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1984

Property Sub-Type Quadruplex

Source Pensacola MLS

Property Description

Riverfront quadplex just east of Downtown Milton with rental income already in place. Each of the four units offers 2 bedrooms and 2 bathrooms. Three units currently rent for $1,200 per month and one rents for $1,150. Tenants pay their own utilities and the owner covers lawn care. All four units are currently leased with staggered expirations of 6/30/2026, 9/30/2026, 12/31/2026, and 2/28/2027. The location is a major highlight. The property sits along the Blackwater River and is about half a mile from both Downtown Milton and Carpenter's Park, which offers a public boat launch, river access, playground, and green space. The riverfront is currently natural and wooded, creating a private setting along the Blackwater River. The property previously had a dock. All four units share the same efficient layout. Tenants enter through a small foyer into the open kitchen and living area, with sliding glass doors leading to a large private balcony. The balcony also houses the laundry room and provides a quiet outdoor space overlooking the wooded riverfront. Down the hall are two bedrooms and two full bathrooms. One bedroom in each unit opens directly to the balcony and looks toward the river. Covered parking for the units is located beneath the building. Investors may also appreciate the flexibility this property offers. With its riverfront location and proximity to downtown Milton and river recreation, a future owner may explore the possibility of using one or more units as a short term rental. Riverfront multifamily opportunities in this area are rare. Whether you are looking for a long term hold or a unique waterfront investment, this property deserves a closer look.

Location

State FL

County Santa Rosa

Zoning Res Multi

Rooms

Kitchen Laminate Counters

Interior

Interior Features Storage, Baseboards, Ceiling Fan(s)

Heating Central

Cooling Central Air

Flooring Tile, Laminate, Simulated Wood

Appliance Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator

Exterior

Parking Features 2 Space/Unit, Covered

Utilities Available Cable Available

Waterfront Description River Front,Waterfront,Natural

View Y/N Yes

View River, Water

Roof Type Composition

Garage No

Building

Faces From Hwy 90 East, turn left on Stewart Street. Turn right on Munson Hwy across from Milton High. On right side just past Carpenters Park.

Structure Type Frame

New Construction No

Others

Tax ID 342N285620001000120

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(901) 870-7392

traciecarterrealtor@gmail.com

State Highway 181, Fairhope, AL, 36532, USA

5392 Munson Hwy Milton, FL 32570

Tracie Carter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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5392 Munson Hwy