Under Contract

5392 Munson Hwy

Milton, FL 32570
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Bed 8

Bed

Bath 8

Bath

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 7/30/2027, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $500,000

AD Id : 88526367

MLS Id : 686607

Beds : 8

Year Built : 1984

County : Santa Rosa

  • Map Map

Map

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Feature Features

  • Bathroom Information

    Total Baths: 8 Full Baths: 8

    Kitchen Information

    Kitchen Room Remarks: Laminate Counters

    Room Information

    Total Bedroom: 8 Window Feature: Blinds
  • Flooring Information

    Tile, Laminate, Simulated Wood
  • Roofing Information

    Composition
  • Interior Features

    Storage, Baseboards, Ceiling Fan(s) Roof: Composition Appliances: Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator Laundry Features: W/D Hookups
  • Heating & Cooling

    Heating: Central Cooling: Central Air Water front: Yes

  • Building Information

    Year Built: 1984 Construction Materials: Frame
  • Exterior Features

    Foundation Details: Pillar/Post/Pier
    Porch: Deck

  • Lot Information

    Lot Size Units: Acres Waterfront: River Front, Waterfront, Natural

    Property Information

    Property Type: Residential Income Sub Type: QuadruplexSubdivision: Waterfront

  • Listing Price Information

    Original Listing Price: $500000

  • Tax Information

    Parcel Number: 342N285620001000120

  • Parking Information

    2 Space/Unit, Covered

  • Elementary School: W. H. Rhodes
    Junior High School: KING
    Senior High School: Milton
  • Utility Information

    Cable Available
  • Location Information

    Direction: 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.
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ByOwner last updated this listing 08/16/2026 @ 09:38

MLS: 686607 LISTED BY: Matthew Jones, KELLER WILLIAMS REALTY GULF COAST 850-471-5000 SOURCE: Pensacola MLS

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