19 days on rocket

509 N L St, Pensacola, FL, 32505

$474,900

Home List Price

$5,639*

Closing Credit

4 Full Baths
Multi

Location

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509 N L St, Pensacola$474,900

Buyer Closing Credits

$5,639*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway, Front Entrance, Guest
Year Built1996
HeatingCentral
CoolingCeiling Fan(s), Multi Unit(s), Central Air
MLS #655782
StatusActive

About 509 N L St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1996
  • Stories: 1

Listing Office:

  • Office Name: Levin Rinke Realty
  • Office Email: allisonbrandtrealtor@gmail.com
  • Listing Agent: Allison Brandt

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Dryer, Washer, Microwave, Dishwasher, Self Cleaning Oven
  • Flooring Type: Tile, Vinyl, Carpet
  • Interior: Storage, Baseboards, Ceiling Fan(s), High Speed Internet, Track Lighting, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Parking Information:

  • Parking: Driveway, Front Entrance, Guest

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Multi Unit(s), Central Air

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $474,900

Tax Information:

  • Annual Amount: $2,439
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$287.2K

Med. Price/SqFt

$177

Avg. Days On Market

68

# of Sold Homes

270

509 N L St vs Pensacola

19 DAYS ON ROCKET

-49 Days

$474,900

+$187.6K More

KEY TAKEAWAY

This property is $187.6K more than the Median Sold Price in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #655782

Listing Office:

  • Office Name: Levin Rinke Realty
  • Office Email: allisonbrandtrealtor@gmail.com
  • Listing Agent: Allison Brandt

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. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 2003Home Sold
$194,900

Tax History

YEARPROP. TAXASSESSMENT
2020$2,439$175,560
2019$2,372$171,613
2018$2,355$168,414

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,490

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-100008
1
/10

  • Global Learning Academy

  • 100 N P St

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-100009
2
/10

  • Oakcrest Elementary School

  • 1820 Hollywood Ave

  • 1.55 miles

  • Public District Grades PK-5

school-card-donut-100010
4
/10

  • C. A. Weis Elementary School

  • 2701 N Q St

  • 1.59 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,869. Residents of Pensacola, FL typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Escambia County›Pensacola›32505›509 N L St

This home is located at 509 N L St in Pensacola, FL and zip code 32505 in the Sunny Ridge neighborhood. This home was built in 1996. Features: 4 bathrooms. It has been listed on Rocket Homes since November 29, 2024 and is currently priced at $474,900.

Over 28 listings were sold over their listed price in November 2024 in Pensacola, FL. In the same period over 156 listings were sold below the listed price and 67 listings were sold for the listed price. The number of listings in Pensacola, FL decreased by 0.8% between October 2024 and November 2024. The median list price of listings available in November 2024 was $287,255, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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