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5392 Munson Hwy, 
Milton, FL 32570

$500,000


8

Beds


8

Baths


3,600

Sq Ft


Multi-Family

Active

Listed by

Matthew Jones

Keller Williams Realty Gulf Coast

Last updated:

July 29, 2026, 02:45 AM

MLS#

686607

Source:

FL PMLS

About This Home

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 7/30/2027, 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.

Home Facts

Multi-Family

8 Baths

8 Bedrooms

Built in 1984

Price Summary

500,000

$138 per Sq. Ft.

MLS #:

686607

Last Updated:

July 29, 2026, 02:45 AM

Added:

a day ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8


Structure

Structure

Building Area:

3,600 Sq. Ft.

Year Built:

1984


Finances & Disclosures

Finances

Price:

$500,000

Price per Sq. Ft:

$138 per Sq. Ft.

Source:FL PMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.