Sold
Last Sold Price
2 beds650 sqft
2435 Kelso Rd, Unit A & B, Pensacola, FL 32514
Multi FamilyProperty Type
1982Year Built
$335/sq ftPrice per sq ft

Description

Incredible INCOME PRODUCING PROPERTY! Rent Potential: $26,400 annual income (and maybe higher) for these 2 units BRAND NEW ROOF, Many updates to the units including water heaters, one has a new A/C unit, and many other updates Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (7 is industry standard for a well kept unit)! Situated NEXT TO UWF and a mile or so from West Florida Hospital and more, you cannot find a better location with potential for substantial...Incredible INCOME PRODUCING PROPERTY! Rent Potential: $26,400 annual income (and maybe higher) for these 2 units BRAND NEW ROOF, Many updates to the units including water heaters, one has a new A/C unit, and many other updates Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (7 is industry standard for a well kept unit)! Situated NEXT TO UWF and a mile or so from West Florida Hospital and more, you cannot find a better location with potential for substantial appreciation, in addition to the cash flow ~ Market rent for this property is approx $1,100 a month per side (please confirm the actual rent at the moment - may be lower due to owner slowly graduating the tenants rents higher as many updates were done AFTER the current owner purchased and thus has been slowly increasing rent so as to not chase the current tenants) Please verify all features, dimensions, measurements (sq ft of each unit), etc that may be important to you Seller is the Broker of Record and is a licensed Real Estate Broker in FL and AL
  • Listed by: Mark Downey • MARK DOWNEY & ASSOCIATES, INC.
  • Listed by: Troy Alsaker • MARK DOWNEY & ASSOCIATES, INC.
Listing closed: 12/23/2024 12:00 AM • Source: PENSACOLA, MLS#: 635364

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$198,000

Avg days on market

65

Sale-to-list ratio

97.3%

Pensacola, FL

9 comparable properties found

$219,000 | 10110 Scenic Highway, Pensacola, FL 32514
1/35
1

$219,000

Sold 12/13/24

2
Bedrooms
768
Square Feet
0.33
Acres
$305,000 | 10053 Hillview Drive, Pensacola, FL 32514
1/27
2

$305,000

Sold 07/15/25

2
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
$197,000 | 2393 Shoal Creek Drive, Pensacola, FL 32514
1/32
3

$197,000

Sold 05/22/26

2
Bedrooms
1,028
Square Feet
0.08
Acres
$198,900 | 2335 Shoal Creek Drive, Pensacola, FL 32514
1/36
4

$198,900

Sold 11/20/24

2
Bedrooms
1,018
Square Feet
0.08
Acres
$190,000 | 2324 Shoal Creek Drive, Pensacola, FL 32514
1/24
5

$190,000

Sold 04/22/26

2
Bedrooms
902
Square Feet
0.08
Acres
$198,000 | 8879 Shoal Creek Court, Pensacola, FL 32514
1/39
6

$198,000

Sold 04/10/25

2
Bedrooms
1,018
Square Feet
0.1
Acres
$193,000 | 8877 Shoal Creek Court, Pensacola, FL 32514
1/23
7

$193,000

Sold 09/02/25

2
Bedrooms
1,018
Square Feet
0.12
Acres
$187,500 | 8884 Shoal Creek Court, Pensacola, FL 32514
1/37
8

$187,500

Sold 07/08/25

2
Bedrooms
864
Square Feet
0.07
Acres
$229,000 | 2081 Cambridge Circle, Pensacola, FL 32514
1/30
9

$229,000

Sold 08/24/26

2
Bedrooms
1,128
Square Feet
0.10
Acres

Location

Listing Courtesy of MARK DOWNEY & ASSOCIATES, INC.

Sold By Dalton Wade, Inc.

Add your commute

Virtual Tour

Payment Calculator

$1,161 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,161

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2435 Kelso Road, Unit A & B

Property Details
  • MLS Type: Residential Income / Duplex
  • Waterfront Features: None
  • Zoning Description: Commercial
Building Information
  • Stories: 1
  • Residences: 2
  • Year Built: 1982
Summary
Location and General Information
  • Directions: Driving EAST on E Nine Mile Rd, turn RIGHT (South) on Kelso Rd * Duplex is first gray one on the RIGHT
  • Latitude: 30.531609
  • Longitude: -87.210209
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: LTS 3 4 AND W 50 FT OF LT 23 BLK 19 FERRY PASS HTS PB 1 P 64 OR 8983 P 1326 SEC 4/15/16 T1S R30W
Parking
  • Parking Features: Driveway
  • Carport: No
  • Garage: No
  • Open Parking: Yes
Virtual Tour
School Information
  • Elementary School: Mcarthur
  • High School: Tate
  • Middle Or Junior School: FERRY PASS
Property
Lot Information
  • Construction Materials: Frame
  • Levels: One
  • Lot Features: Interior Lot
  • Lot Size Dimensions: 100 x 210
  • Road Responsibility: County Maintained Road
  • Roof: Shingle
  • Cooling: Yes
  • Heating: Yes
  • Home Warranty: No
  • Horse: No
  • New Construction: No
  • Waterfront: No
Property and Assessments
  • Disclaimer: SELLER WILL PAY FOR NO REPAIRS WHATSOEVER - the price of these are at least $40k per unit LESS than others that just sold nearby.
  • Documents Count: 1
  • Parcel Number: 041S300101003019
  • Photos Count: 6
  • Property Condition: Resale
Utilities
  • Electric: Copper Wiring
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Pool Features: None
Interior Features
  • Appliances: Water Heater, Electric Water Heater, Refrigerator
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Tile, Carpet
  • Heating: Central
  • Laundry Features: Inside
  • Other Equipment: None
  • Stories: 1
  • Window Features: Blinds
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Water/Sewer
  • Lease Considered: No

Property History for 2435 Kelso Road, Unit A & B

DateEvent & SourcePriceAppreciation
Dec 23, 2024

Sold

PENSACOLA #635364

$217,500—
Nov 25, 2024

In Contract

PENSACOLA #635364

—
Nov 24, 2024

Pending

PENSACOLA #635364

—
DateEvent & SourcePrice
12/23/2024

Sold

PENSACOLA #635364

$217,500
11/25/2024

In Contract

PENSACOLA #635364

—
11/24/2024

Pending

PENSACOLA #635364

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2435 Kelso Road, Unit A & B

This home is within Escambia County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Ferry Pass Elementary School
PublicPK to 5

Ferry Pass Middle School
Public6 to 8

Pine Forest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 32514

$225,000 | 197 Wildflower Lane, Pensacola, FL 32514
1/50
New

$225,000

3
Bedrooms
1,177
Square Feet
0.09
Acres
$316,000 | 2712 Copter Road, Pensacola, FL 32514
1/30

$316,000

3
Bedrooms
1,544
Square Feet
0.28
Acres
$299,000 | 3441 Riverina Drive, Pensacola, FL 32514
1/32
Open: 10/4 01:00PM - 03:00PMNew

$299,000

4
Bedrooms
1,710
Square Feet
0.34
Acres
$425,000 | 9819 Kawanee Drive, Pensacola, FL 32514
1/18

$425,000

5
Bedrooms
2,464
Square Feet
0.66
Acres
$374,900 | 308 Vera Street, Pensacola, FL 32514
1/53
Listed By Coldwell Banker RealtyContingent

$374,900

4
Bedrooms
2,144
Square Feet
0.77
Acres
$279,900 | 853 Smiley Circle, Pensacola, FL 32514
1/25

$279,900

3
Bedrooms
1,515
Square Feet
0.09
Acres
$439,000 | 54 Blithewood Drive, Pensacola, FL 32514
1/63

$439,000

3
Bedrooms
1,825
Square Feet
0.31
Acres
$150,000 | 9509 Barranger Drive, Pensacola, FL 32514
1/5

$150,000

3
Bedrooms
1,452
Square Feet
0.39
Acres
$350,000 | 3551 Raines Street, Pensacola, FL 32514
Listed By Coldwell Banker Realty

$350,000

5
Bedrooms
2,308
Square Feet
0.92
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2435 Kelso Road, Unit A & B, Pensacola, FL 32514
$217,500
2
650
–
$217,500
–
2
1,190
14,810
$240,000
2
600
–
–
–
–
1,190
6,534
–
–
2
2,402
35,719
$290,000
–
980
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARK DOWNEY & ASSOCIATES, INC.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.