This INCOME-PRODUCING property features 3 rental units (with established tenants), offering IMMEDIATE CASH FLOW for savvy investors. Unit A (Main House) is over 1,000 sqft with 2 bedrooms and 1 full bath, currently rented at $1,000/month. The detached 2-story building includes Unit B (upstairs) and unit C (downstairs). B and C are both 1-bed 1-bath units, each rented at $750/month. Total monthly rental income equals $2,500 BUT WAIT THERES MORE... all 3 units pay monthly towards utilities: Unit A pays $300/month, while Units B & C each pay $150/month. Major UPDATES include a 2021 roof on BOTH buildings and two NEW water heaters installed in 2021. The property is on septic, with drain fields replaced in 2018. This income-generating asset is conveniently located just 10 minutes from NAS, 15 minutes to Perdido Key or Palafox St, and approx. 25 minutes to Pensacola Beach.
Sold for $220,000
$220,000
1825 Bainbridge Ave, Perdido Key, FL 32507
--beds
--baths
2,104sqft
MultiFamily
Built in 1955
-- sqft lot
$246,400 Zestimate®
$105/sqft
$1,350 Estimated rent
Home value
$246,400
$200,000 - $296,000
$1,350/mo
Zestimate® history
Owner options
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$1,350/mo
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$1,350/mo
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$1,492/mo
Est. payment
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$1,492/mo
Est. payment
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New water heaters
Zillow last checked:
Listing updated:
Listed by:
Kathleen Batterton 850-816-0875,
Levin Rinke Realty,
Charley Drain,
Levin Rinke Realty
Bought with:
David Porter
OLD SOUTH PROPERTIES INC
Source: PAR,MLS#: 664473
Facts & features
Interior
Heating
- Wall/Window Unit(s)
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
Interior area
- Total structure area: 2,104
- Total interior livable area: 2,104 sqft
Property
Lot
- Features: Central Access
Details
- Parcel number: 352s311000017032
- Zoning description: Res Multi
Construction
Type & style
- Home type: MultiFamily
Materials
- Block
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Perdido Key
- Subdivision: Beach Haven
Other
Other facts
- Price range: $220K - $220K
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $220,000-6.4%$105/sqft |
Source:  PAR #664473 Report a problem | ||
| 7/14/2025 | Contingent | $235,000$112/sqft |
Source: PAR #664473 Report a problem | ||
| 5/28/2025 | Listed for sale | $235,000+32.4%$112/sqft |
Source: PAR #664473 Report a problem | ||
| 8/19/2021 | Sold | $177,500-11.3%$84/sqft |
Source: PAR #582964 Report a problem | ||
| 1/20/2021 | Listing removed | -- |
Source:  PAR Report a problem | ||
| 1/15/2021 | Price change | $200,000-4.8%$95/sqft |
Source: Better Homes And Gardens Real Estate Main Street Properties #582964 Report a problem | ||
| 1/5/2021 | Listed for sale | $210,000+44.9%$100/sqft |
Source: Better Homes And Gardens Real Estate Main Street Properties #582964 Report a problem | ||
| 12/13/2005 | Sold | $144,900$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,337 +2.2% | $161,342 +5.1% |
| 2023 | $2,288 +7.3% | $153,556 +9.4% |
| 2022 | $2,132 +17.6% | $140,403 +23.4% |
| 2021 | $1,813 +10.4% | $113,770 +11.1% |
| 2020 | $1,642 -0.4% | $102,387 +10.5% |
| 2019 | $1,649 | $92,669 +6% |
| 2018 | $1,649 +3% | $87,400 +8.1% |
| 2017 | $1,601 +4.3% | $80,877 -0.2% |
| 2016 | $1,535 -1.4% | $81,031 +2.9% |
| 2015 | $1,557 | $78,769 +3.9% |
| 2014 | $1,557 | $75,795 +8.3% |
| 2012 | -- | $69,985 -7.2% |
| 2011 | -- | $75,442 -4.4% |
| 2010 | -- | $78,893 +1.9% |
| 2009 | -- | $77,426 -16.2% |
| 2006 | -- | $92,410 +89.6% |
| 2005 | -- | $48,750 +3% |
| 2004 | -- | $47,330 +1.9% |
| 2003 | -- | $46,450 +2.4% |
| 2002 | -- | $45,360 +1.6% |
| 2001 | -- | $44,650 +3% |
| 2000 | -- | $43,350 +2.7% |
| 1999 | -- | $42,210 |
Find assessor info on the county website
Neighborhood: 32507
Nearby schools
GreatSchools rating
- 7/10Pleasant Grove Elementary SchoolGrades: PK-5Distance: 3.7 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 6.1 mi
- 3/10Escambia High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Pleasant Grove
- Middle: BAILEY
- High: Escambia
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$246,400
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- Florida
- Escambia County
- Pensacola
- 32507
- 1825 Bainbridge Ave
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