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729 Lownde Ave, Pensacola, FL 32507

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For Sale

$595,000

8 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

Well-built and uniquely private, this fourplex offers an incredible investment opportunity less than half a mile from Bayou Grande at the end of the road. Each unit features 2 bedrooms, 1 bathroom, durable tile flooring throughout, an open living/kitchen layout, and washer/dryer connections. Kitchens are designed with an island, tiled backsplash, dishwasher, electric range, and refrigerator. Three of the units also include owner-supplied stackable washer/dryers that will convey with the sale. Currently, two units are leased at $1,300 and $1,400 per month, one is freshly vacant, and one is owner-occupied making this an ideal scenario for a buyer looking to live in one unit and rent the others for additional income. Tenants pay their own electric and internet, keeping operating expenses low. The owner covers water, which averages under $40/month in normal use, with higher bills of $90 $110 only when irrigation is in use, as well as common-area lighting (approx. $65/month) and trash service ($113/month). Recent upgrades include all new double-pane vinyl windows and sliding glass doors with a transferrable lifetime warranty, plus a full exterior paint job. A small storage space under the exterior stairs adds convenience, and block construction paired with tile interiors helps keep ongoing maintenance minimal. With immediate rental income in place, updated systems, and prime flexibility for owner-occupants or investors, 729 Lownde Ave is a rare find in today s market. Whether you re looking to expand your portfolio or offset your housing costs by house hacking, this property delivers both stability and upside potential. The seller is open to owner financing with a reasonable down payment and acceptable interest rate.
MLS# 671704

Courtesy Of Florida Investment Group LLC dba Keller Williams Realty Gulf Coast

(850) 471-5000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 729 Lownde Ave, Pensacola, FL 32507

Home seller CENTURY 21 AmeriSouth Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AmeriSouth Realty

(850) 478-6800
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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.