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5392 Munson Hwy
Milton FL 32570 US

$500,000

Active Listing ID 678864
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8 bed
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8.00 Bath (8 Full)
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Other

$500,000

Active Listing ID 678864
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5392 Munson Hwy Riverfront quadplex just east of Downtown Milton with rental income already in place. Each of the four units offers 2 bedrooms and 2 bathrooms. Three units currently rent for $1, 200 per month and one rents for $1, 150. Tenants pay their own utilities and the owner covers lawn care. All four units are currently leased with staggered expirations of 6/30/2026, 9/30/2026, 12/31/2026, and 2/28/2027. The location is a major highlight. The property sits along the Blackwater River and is about half a mile from both Downtown Milton and Carpenter's Park, which offers a public boat launch, river access, playground, and green space. The riverfront is currently natural and wooded, creating a private setting along the Blackwater River. The property previously had a dock. All four units share the same efficient layout. Tenants enter through a small foyer into the open kitchen and living area, with sliding glass doors leading to a large private balcony. The balcony also houses the laundry room and provides a quiet outdoor space overlooking the wooded riverfront. Down the hall are two bedrooms and two full bathrooms. One bedroom in each unit opens directly to the balcony and looks toward the river. Covered parking for the units is located beneath the building. Investors may also appreciate the flexibility this property offers. With its riverfront location and proximity to downtown Milton and river recreation, a future owner may explore the possibility of using one or more units as a short term rental. Riverfront multifamily opportunities in this area are rare. Whether you are looking for a long term hold or a unique waterfront investment, this property deserves a closer look.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 8
  • Cooling System: Central Air
  • Roof Type: Composition
  • Heating Fuels: Central
  • Additional Features
  • Patio
  • Waterfront

School Information

  • School
  • W. H. Rhodes(Elementary)
  • KING(MiddleSchool)
  • Milton(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 500000
  • unparsedaddress: 5392 Munson Hwy
  • postalcity: Milton
  • stateorprovince: FL
  • country: US
  • postalcode: 32570
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • listpricelow: 500000
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 30.635252
  • longitude: -87.032318
  • listagentfullname: Matthew Jones
  • listagentemail: matthewajones@kw.com
  • listagentkey: 3yd-PARFL-13462
  • listagentmlsid: 13462
  • listagentpreferredphone: (850) 471-5000
  • listagentofficephone: 8504901290
  • listofficekey: 3yd-PARFL-KWR001
  • listofficemlsid: KWR001
  • disclaimer: Copyright © 2026 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.
  • sourcesystemid: PARFL
  • yearbuilt: 1984
  • listingcontractdate: 2026-03-06
  • listagenturl: http://kellerwilliamsrealtygulfcoast.com
  • countyorparish: Santa Rosa
  • parcelnumber: 342N285620001000120
  • elementaryschool: W. H. Rhodes
  • highschool: Milton
  • appliances: Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator
  • cooling: Central Air
  • constructionmaterials: Frame
  • heating: Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Covered
  • roof: Composition
  • view: River, Water
  • waterfrontyn: True
  • franchiseaffiliation: Keller Williams Realty
  • waterfrontfeatures: Waterfront, River Front
  • rooms: Bedroom 6, Bathroom 8, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 7, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 8, Bathroom 3
  • patioandporchfeatures: Deck
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.03232, 30.635252
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Florida Investment Group LLC dba Keller Williams Realty Gulf Coast", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"matthewajones@kw.com", "ListBrokerageCity":"Pensacola", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw196@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PARFL/c5ababc31fdbd1ba011fdc18df370008/20221020134748942.png", "ListBrokerageName":"Florida Investment Group LLC dba Keller Williams Realty Gulf Coast", "ListBrokeragePhone":"(850) 471-5000", "ListBrokeragePostalCode":"32504", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Langley Avenue", "ListBrokerageWebsiteUrl":"http://kellerwilliamsrealtygulfcoast.com", "ListOfficeAddress1":"800 Langley Avenue ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"KWR001", "ListOfficeCity":"Pensacola", "ListOfficeCountry":"USA", "ListOfficeEmail":"ajwallin86@gmail.com", "ListOfficePostalCode":"32504", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Milton, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5392-Munson-Hwy_Milton_FL_32570_M58475-07787?f=listhub&s=PARFL&m=678864&c=rexren", "MLSModificationTimestamp":"2026-03-06 22:30:21", "Neighborhoods":[{"Description":null, "Name":"Waterfront"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"Waterfront Sub Lots 12 & 13 Blk 1 & The E 15 Ft Of Hill St Subj & Together With Easement As Des In Or 4444 Pg 1597 All As Des In Or 4457 Pg 1477", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/7/2026 5:43:03 AM GMT
Source Updated Date: 3/12/2026 6:54:24 PM GMT

Courtesy of: Matthew Jones, KELLER WILLIAMS REALTY GULF COAST, matthewajones@kw.com

Copyright © 2026 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.