Outstanding Investment Opportunity in a Prime Location Near Perdido Key and NAS -Home of The Blue Angels. Please NOTE, these pictures are only a representation of the unit(s) layout. These two units are not updated. Welcome to 5483 Chatham Avenue— income-producing duplex just minutes from the pristine beaches of Perdido Key/Orange Beach, Historic Downtown Pensacola & Innerarity Point. This well-maintained property offers two separate units, making it an ideal opportunity for investors, multi-generational living, or a primary owner looking to offset their mortgage with rental income. Each unit features 2 bedrooms and 1 bathroom, offering comfortable living spaces with tile flooring throughout, updated kitchens, and private entrances. Tenants enjoy dedicated parking, outdoor patios, and a large shared backyard with room to garden or relax. Many updates throughout. Located in a quiet, residential neighborhood with no HOA, this property provides easy access to Big Lagoon State Park, public boat launches, and NAS Pensacola, making it attractive to a primary owner looking for extra income or long-term tenants and short-term vacation renters alike. With strong rental history and proximity to top local amenities, this duplex presents a rare blend of stability and potential in one of Pensacola’s growing coastal areas. Whether you're expanding your real estate portfolio or looking for a smart way to live and earn, 5483 Chatham Avenue offers flexibility, location, and long-term value.