1601 E Cervantes
Pensacola, FL 32501
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in the highly sought-after East Hill neighborhood. The property generates approximately $10,000+ per month in gross rental income, with annual revenue exceeding $120,000. Ideally located just 4 blocks from Publix, 5 minutes to downtown Pensacola, and 15 minutes to the white sands of Pensacola Beach, this meticulously updated property consistently attracts both short-term and extended-stay guests. The property is currently operated as a 4-unit income-producing STR asset or rented as a whole for larger groups. It may also qualify for FHA financing, which allows an owner-occupant buyer to live in one unit while using the remaining units as income-producing rentals. The property features four thoughtfully designed un
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Hardwood -
Roofing Information
Shingle, Gable -
Interior Features
Baseboards, Ceiling Fan(s) Roof: Shingle, Gable Appliances: Tankless Water Heater Laundry Features: Inside -
Heating & Cooling
Heating: Central, Wall/Window Unit(s), Fireplace(s) Cooling: Multi Units, Central Air, Wall/Window Unit(s) WaterSource: Public
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Building Information
Year Built: 1933
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Lot Information
Lot Dimensions: 80x132 Lot Description: Corner Lot Lot Size Units: AcresProperty Information
Property Type: Residential Income Sub Type: QuadruplexSubdivision: New City Tract
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Listing Price Information
Original Listing Price: $725000
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Tax Information
Parcel Number: 000S009025001100
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Parking Information
On Street
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Elementary School: SuterJunior High School: WORKMANSenior High School: Washington
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Location Information
Direction: Head east on Cervantes. Property is on the right. Corner of 16th Avenue & Cervantes
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1306 Cervantes, Pensacola, FL, 32501 | $460,000 | 5 | 4 | -- | |
| 1306 E Gonzalez St, Pensacola, FL, 32501 | $1,200,000 | -- | -- | -- | |
| 600 E Jackson St, Pensacola, FL, 32501 | $765,000 | -- | -- | -- | |
| 208 W Strong St #1-4, Pensacola, FL, 32501 | $900,000 | 4 | 2 | -- | |
| 304 W Cervantes St, Pensacola, FL, 32501 | $439,000 | -- | -- | -- | |
| 1915 W Gadsden St, Pensacola, FL, 32501 | $158,000 | -- | -- | -- |
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ByOwner last updated this listing 06/24/2026 @ 13:05
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