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6631 Magnolia St
Milton FL 32570 US

$1,295,000

Active Listing ID 687888
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6,144 square feet
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Apartment

$1,295,000

Active Listing ID 687888
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6631 Magnolia St Excellent multifamily investment opportunity in Milton! Updated complex consisting of a total of 12 1-bedroom, 1-bathroom units. Each unit has been updated with modern finishes including luxury vinyl plank flooring, stainless steel appliances, quartz countertops, updated fixtures, and washer/dryer hookups. The property is currently 10 of 12 units occupied, providing immediate rental income with additional upside through lease-up of the two vacant units. One vacant unit, 6651, is currently set up and utilized as an on-site leasing office and could be returned to residential use. Current base rents are approximately $925-$945 per month, with tenants also paying an additional $75 monthly utility/service fee covering water/sewer, trash, pest control, and lawn care. Situated on approximately 0.48 acres, the property also offers assigned resident parking. With all 12 units already updated, plus strong existing occupancy, this apartment complex offers an attractive opportunity to acquire an income-producing multifamily asset with additional revenue potential. Additional portfolio opportunity available: Seller also owns an 8-unit complex next door consisting of 2-bedroom, 1-bathroom units, as well as a nearby 6-unit property consisting of a 2-bedroom, 1-bathroom duplex and four 1-bedroom, 1-bathroom units on the same parcel. Seller is willing to consider a package transaction, providing an opportunity to acquire up to 26 multifamily units in close proximity. Properties may also be purchased separately.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Roof Type: Shingle
  • Heating Fuels: Central

School Information

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

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 1295000
  • unparsedaddress: 6631 Magnolia St
  • postalcity: Milton
  • stateorprovince: FL
  • country: US
  • postalcode: 32570
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • listpricelow: 1295000
  • lotsizeunits: Acres
  • livingarea: 6144
  • livingareaunits: Square Feet
  • latitude: 30.645076
  • longitude: -87.045676
  • listagentfullname: Jennifer Amberg
  • listagentemail: jenn.amberg@palmislandrealty.com
  • listagentkey: 3yd-PARFL-13297
  • listagentmlsid: 13297
  • listagentpreferredphone: 8504000064
  • listagentofficephone: 8504000064
  • listofficekey: 3yd-PARFL-PG001
  • listofficemlsid: PG001
  • 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: 1982
  • listingcontractdate: 2026-08-22
  • listagenturl: http://www.palmislandrealty.com
  • countyorparish: Santa Rosa
  • parcelnumber: 342N282470011000070
  • elementaryschool: W. H. Rhodes
  • highschool: Milton
  • cooling: Ceiling Fan(s), Central Air
  • constructionmaterials: Frame
  • heating: Central
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Parking Lot, Assigned
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.04568, 30.645077
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Palm Island Realty Group, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jenn.amberg@palmislandrealty.com", "ListBrokerageCity":"Tampa", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Palm Island Realty Group, LLC", "ListBrokeragePhone":"8134339006", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"1406 N. Dale Mabry Hwy", "ListBrokerageWebsiteUrl":"http://www.palmislandrealty.com", "ListOfficeAddress1":"1406 N Dale Mabry Hwy Suite 200", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"PG001", "ListOfficeCity":"Tampa", "ListOfficeCountry":"US", "ListOfficeEmail":"panhandleassistant@palmislandrealty.com", "ListOfficePostalCode":"33607", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Milton, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/6631-Magnolia-St_Milton_FL_32570_M58896-55568?f=listhub&s=PARFL&m=687888&c=rexren", "MLSModificationTimestamp":"2026-08-22 21:00:42", "Neighborhoods":[{"Description":null, "Name":"Milton Heights"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"MILTON HEIGHTS LOTS 7 8 & 9 BLK 11 AS DES IN OR 4409 PG 21 4", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/22/2026 9:07:31 PM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Jennifer Amberg, Palm Island Realty Group, LLC, jenn.amberg@palmislandrealty.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.