3061 N 16th Ave, Pensacola, FL 32503

$399,000

bedrooms

bathrooms

square feet

540

Acreage

Open Houses

year built

1955

Full Baths

Half Baths

Find out more

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.

Location
Subdivision	None
County	Escambia
Elementary School	Oj Semmes
Middle School	WORKMAN
High School	Washington

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Cole Jenkins, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 662950

Listing agent: Cole Jenkins

Listing broker: Kuhn Realty (850) 266-7557

Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, April 21 2025 at 8:55 p.m. EDT

Kotohomes National