5392 Munson Hwy, Milton, FL 32570

• 8 beds |
• 8 baths |
• 3,600 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 6, 2026

Data Last Updated:

March 19, 2026 at 7:08AM

Listing Office:

KELLER WILLIAMS REALTY GULF COAST : 850-471-5000

Listing Agent:

Matthew Jones : 850-490-1290

MLS ID:

678864

Interior

• General: StorageBaseboardsCeiling Fan(s)
• Appliances: Electric Water HeaterBuilt In MicrowaveDishwasherRefrigerator
• Laundry: W/D Hookups
• Flooring: TileLaminateSimulated Wood
• A/C: Central Air
• Heating: Central

Exterior

• Parking: 2 Space/UnitCovered

Construction

• Roofing: Composition
• Windows: Blinds
• General: FramePillar/Post/Pier

Location

• Originating MLS: Pensacola MLS
• County: Santa Rosa

Lot

• Zoning: 342N285620001000120
• View: RiverWater

Utilities

• Utilities: Cable AvailableCircuit BreakersCopper Wiring

Financial

• Source: Pensacola MLS