509 North L Street

Pensacola, FL 32501

$474,900
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

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...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.
  1. Listed by Allison Brandt • Levin Rinke Realty • allisonbrandtrealtor@gmail.com

Property Details for 509 North L Street

Zoning Description
Res Multi
LISTING UPDATED: 02/09/2025 06:22 PM

Property Details for 509 North L Street

StatusContingent
MLS #655782
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1996
Lot Size-
CountyEscambia County

Building Information for 509 North L Street

Stories1Residences3Year Built1996Building Size-Lot Size-

Property Information for 509 North L Street

Summary
Location and General Information
  • Directions: From West Cervantes St, turn South onto N. L Street. Home is on the right.
  • Latitude: 30.418121
  • Longitude: -87.238313
  • Subdivision Name: West King Tract
Taxes and HOA Information
  • Tax Legal Description: The South 61 Feet of Lot 12, and all of Lots 16, 17, and 18, and the North 30.5 feet of Lot 23, Block 118, West King Tract, in the City of Pensacola, according to the map of said City, copyrighted by Thomas C. Watson in 1906.
Parking
  • Parking Features: Driveway, Front Entrance, Guest
  • Carport: No
  • Garage: No
  • Open Parking: Yes
School Information
  • Elementary School: Global Learning Academy
  • High School: Pensacola
  • Middle Or Junior School: Warrington
Property
Lot Information
  • Building Name: None
  • Construction Materials: Brick, Frame
  • Levels: One
  • Lot Features: Central Access
  • Lot Size Dimensions: 91.5' x 150'
  • Other Structures: Workshop/Storage, Yard Building
  • Road Responsibility: Public Maintained Road
  • Roof: Shingle
  • Cooling: Yes
  • Heating: Yes
  • Horse: No
  • New Construction: No
Property and Assessments
  • Disclaimer: Seller prefers to sell AS/IS.
  • Documents Count: 6
  • Parcel Number: 000S009060012118
  • Photos Count: 70
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: Insulation, Insulated Walls, Ridge Vent
Utilities
  • Electric: Circuit Breakers, Copper Wiring
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Partial, Privacy
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Pool Features: None
  • Security Features: Smoke Detector(s)
Interior Features
  • Appliances: Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Self Cleaning Oven
  • Cooling: Ceiling Fan(s), Multi Units, Central Air
  • Door Features: Insulated Doors
  • Flooring: Tile, Vinyl, Carpet
  • Heating: Central
  • Interior Features: Storage, Baseboards, Ceiling Fan(s), High Speed Internet, Track Lighting, Walk-In Closet(s)
  • Laundry Features: Inside
  • Stories: 1
  • Window Features: Double Pane Windows, Some Blinds, Some Drapes
Room Information
Room Information
  • Room Kitchen Features: Kitchen Island, Pantry
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Lease Considered: No

Property History for 509 North L Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 509 North L Street

Taxable ValueLand-Additions-Total-
Tax Record2024$2,776 ($231 / month)
Home Facts
Total Finished SqFt4,188 SqFtAbove Grade Finished SqFt4,188 SqFtStories1Lot Size13,773 SqFtStyleMulti-Family Dwelling (2-4)Year Built1996ZoningR-1A,R-1AACountyESCAMBIAAPN00-0S-00-9060-012-118

Schools near 509 North L Street

This home is within Escambia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Global Learning Academy
PublicPK to 5

Lakeview Dropout Prevention
Public6 to 12

Pensacola High School
Public9 to 12

Achieve Academy at McMillian
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Levin Rinke Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.