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Sold for $640,000
  • $640,000

    50 Fulton Ave Building B, Pensacola, FL 32503

    --beds
    --baths
    3,780sqft
    Quadruplex
    Built in 2025
    -- sqft lot
    $646,400 Zestimate®
    $169/sqft
    $1,986 Estimated rent

    Home value

    $646,400

    $614,000 - $679,000

    $1,986/mo

    Zestimate® history
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    $4,151/mo

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    What's special

    Brand-New Quadplex in the Heart of Pensacola – Prime Investment Opportunity! 3 out of 4 units rented at $1500/month! Now is your chance to secure a high-performing asset in one of Florida’s fastest-growing markets. This brand-new quadplex is an investor’s dream — turnkey, thoughtfully designed, and strategically located in the heart of Pensacola, FL. Each of the four units offers 2 bedrooms and 1 full bath under 1,000 sq ft, ideal for attracting a wide range of long-term tenants — from military personnel stationed nearby, to young professionals, retirees, and working families seeking quality, affordable living in a thriving area. This project is surrounded by fully leased multifamily properties, proving strong rental demand and high occupancy in the neighborhood. With Pensacola’s steady population growth, low vacancy rates, and booming rental market, this asset is poised to generate immediate cash flow and deliver solid returns for years to come. Highlights include: 100% new construction – low maintenance, high appeal State-of-art sprinkler system great for peace of mind and insurance cost Centrally located with quick access to downtown, military bases, hospitals, and major employers Strong rental comps in a neighborhood of similar, fully occupied multifamily homes Perfect for 1031 exchange, portfolio expansion, or a first-time multifamily investor Don’t miss the chance to own a brand-new, cash-flowing property in one of the Gulf Coast’s most sought-after cities. Schedule your walk-through today and get in before completion!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kevin Fox 850-549-8869,

    Olde City Realty LLC

    Bought with:

    Kevin Fox

    Olde City Realty LLC

    Source: PAR,MLS#: 678530MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas
    Cooling
    • Central Air, Gas
    Features
    • Has basement: No
    Interior area
    • Total structure area: 3,780
    • Total interior livable area: 3,780 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Features: Cul-De-Sac
    Details
    • Parcel number: 271s301201004002

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Frame
    • Roof: Shingle
    Condition
    • Year built: 2025

    Utilities & green energy

    • Electric: Copper Wiring

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Pensacola

    Financial & listing details

    • Price per square foot: $169/sqft
    • Tax assessed value: $12,600
    • Annual tax amount: $178
    • Price range: $640K - $640K
    • Date on market: 3/2/2026
    • Cumulative days on market: 300 days

    Price history

    DateEventPrice
    3/30/2026Sold$640,000-1.5%$169/sqft
    Source: PAR #678530 Report a problem
    2/27/2026Listing removed$650,000$172/sqft
    Source: PAR #663163 Report a problem
    2/25/2026Contingent$650,000$172/sqft
    Source: PAR #663163 Report a problem
    2/23/2026Listed for sale$650,000-4.4%$172/sqft
    Source: PAR #663163 Report a problem
    8/19/2025Listing removed$1,500
    Source: Zillow Rentals Report a problem
    7/30/2025Listing removed$680,000$180/sqft
    Source: PAR #663163 Report a problem
    7/17/2025Listed for rent$1,500+140%
    Source: Zillow Rentals Report a problem
    4/24/2025Listed for sale$680,000+3677.8%$180/sqft
    Source: PAR #663163 Report a problem
    11/13/2023Sold$18,000-14.3%$5/sqft
    Source: PAR #624588 Report a problem
    10/30/2023Pending sale$21,000$6/sqft
    Source: PAR #624588 Report a problem
    9/28/2023Listed for sale$21,000$6/sqft
    Source: PAR #624588 Report a problem
    9/20/2023Pending sale$21,000$6/sqft
    Source: PAR #624588 Report a problem
    9/11/2023Price change$21,000-12.5%$6/sqft
    Source: PAR #624588 Report a problem
    8/14/2023Listed for sale$24,000$6/sqft
    Source: PAR #624588 Report a problem
    8/8/2023Pending sale$24,000$6/sqft
    Source: PAR #624588 Report a problem
    7/17/2023Price change$24,000-7.7%$6/sqft
    Source: PAR #624588 Report a problem
    6/8/2023Price change$26,000-23.5%$7/sqft
    Source: PAR #624588 Report a problem
    5/3/2023Price change$33,999-14.8%$9/sqft
    Source: PAR #624588 Report a problem
    4/19/2023Price change$39,900-18.6%$11/sqft
    Source: PAR #624588 Report a problem
    3/31/2023Listed for sale$49,000+151.3%$13/sqft
    Source: PAR #624588 Report a problem
    7/17/2021Listing removed--
    Source: Owner Report a problem
    4/18/2021Listed for sale$19,500-92.2%$5/sqft
    Source: Owner Report a problem
    12/14/2017Listing removed$625
    Source: REALTY MASTERS #527973 Report a problem
    12/12/2017Listed for rent$625
    Source: REALTY MASTERS #527973 Report a problem
    1/12/2006Sold$250,000+79.9%$66/sqft
    Source: Public Record Report a problem
    12/19/2003Sold$139,000+0.3%$37/sqft
    Source: Public Record Report a problem
    4/5/1999Sold$138,600$37/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$178 +32.4%$12,600 +40%
    2023$134 +20.6%$9,000 +25%
    2022$111 -2.8%$7,200
    2021$115 +1.5%$7,200
    2020$113 -0.7%$7,200
    2019$114 $7,200
    2018$114 -1.8%$7,200
    2017$116 -1.9%$7,200
    2016$118 -1.5%$7,200 -41.5%
    2015$120 $12,312
    2014$120 $12,312
    2013-- $12,312
    2012-- $12,312 -91.5%
    2011-- $145,233 -2.3%
    2010-- $148,616 -5.2%
    2009-- $156,811 -13.2%
    2008-- $180,726 +0.3%
    2007-- $180,130 -5%
    2006-- $189,620 +41.3%
    2005-- $134,210
    2004-- $134,210 +21.8%
    2003-- $110,190
    2002-- $110,190 -15.2%
    2001-- $129,980 +21.5%
    2000-- $106,970
    Find assessor info on the county website

    Neighborhood: Oakfield

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ensley
    • Middle: FERRY PASS
    • High: Pine Forest

    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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    $646,400
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