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$665,000

Beds
Unknown
sq ft
Unknown

508 W Gregory St, Pensacola, FL 32502

508 W Gregory St

Pensacola, FL 32502

  • 158 days on market
    • Price drop $10,000↓
Cash flowing opportunity with A+ paying tenants. Turn-key downtown 3-unit property perfect for investors as two of the three units have been used as short-term rentals, while the third was owner-occupied, but has a wait list for its leasing consideration. Two rental units come furnished, they are the downstairs unit in main house at 1055 sq, ft. and the 900 sq ft cottage out back. The upstairs unit was owner occupied, 1055 sq, ft and is offered unfurnished. The upstairs unit has two decks, one at the entry door and the other on the opposite side allowing great views in every direction. Seller has completely remodeled (down to the studs!) the property in the last two years. It is only a few blocks to the center of downtown and Palafox St. A unique must-see, brimming with opportunity! Driveway on east side will convey with property.

Details

Property type

Triplex

Est. home value

$602,456

Lot size

Unknown

Price per sq ft

Unknown

Year built

1900

HOA

Yes

Price History

03/21/2025
Pensacola

Pensacola #654417

Price change
$665,000
+2.47%
03/15/2025
Pensacola

Pensacola #658848

Removed
$649,000
03/08/2025
Pensacola

Pensacola #658848

Price change
$649,000
-1.67%

Schools & Community

Neighborhood: 

St. John Coalition

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$34,827
Asking price
$665,000
Closing costs (~8% of asking)
-$53,200
Est. remaining loan balance
-$576,973
Cash to seller
$34,827

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

September 2022

Original loan amount

$600,000

Est. remaining balance

$576,973

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Adam Zwingler and Alicia Green

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/02/2025 at 1:35 PM

Listing updated: 03/27/2025 at 11:37 AM

Listed by: Don Becker, Luxury Real Estate Group Phone #: (954) 812-1412

MLS: Pensacola #654417

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