# 6631 Magnolia St, Milton, FL 32570

> **TL;DR:** multi-family, $1,294,900 ($211/sqft), built 1982, 6,144 sqft.
> A/C. Est. $6,926/mo. Listed 73 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,294,900 |
| Price/sqft | $211 |
| Square Feet | 6,144 |
| Year Built | 1982 |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 73 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,548 |
| Estimated Insurance | $378 |
| **Total** | **$6,926** |

## Nearby Schools

- **Elementary:** W. H. Rhodes
- **Middle:** R. HOBBS
- **High:** Milton

## Key Amenities

- A/C

## Property Highlights

- Built in 1982
- 2 stories

## Description

### Agent Description
Excellent multifamily investment opportunity in Milton! Updated complex consisting of a total of 12 1-bedroom, 1-bathroom units. Each unit has been updated with modern finishes including luxury vinyl plank flooring, stainless steel appliances, quartz countertops, updated fixtures, and washer/dryer hookups. The property is currently 10 of 12 units occupied, providing immediate rental income with additional upside through lease-up of the two vacant units. One vacant unit, 6651, is currently set up and utilized as an on-site leasing office and could be returned to residential use. Current base rents are approximately $925-$945 per month, with tenants also paying an additional $75 monthly utility/service fee covering water/sewer, trash, pest control, and lawn care. Situated on approximately 0.48 acres, the property also offers assigned resident parking. With all 12 units already updated, plus strong existing occupancy, this apartment complex offers an attractive opportunity to acquire an income-producing multifamily asset with additional revenue potential. Additional portfolio opportunity available: Seller also owns an 8-unit complex next door consisting of 2-bedroom, 1-bathroom units, as well as a nearby 6-unit property consisting of a 2-bedroom, 1-bathroom duplex and four 1-bedroom, 1-bathroom units on the same parcel. Seller is willing to consider a package transaction, providing an opportunity to acquire up to 26 multifamily units in close proximity. Properties may also be purchased separately.

## Location

- **Address:** 6631 Magnolia St, Milton, FL 32570
- **County:** Santa Rosa
- **Neighborhood:** Milton Heights
- **Coordinates:** 30.645076, -87.045676
- **Google Maps:** https://www.google.com/maps?q=30.645076,-87.045676

## Listing Agent

- **Name:** Jennifer Amberg
- **Brokerage:** Palm Island Realty Group, LLC
- **Broker Phone:** 8134339006
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/6631-Magnolia-St_Milton_FL_32570_M58896-55568?f=listhub&s=PARFL&m=687888&c=propsimple)

## Photos

![6631 Magnolia St - Photo 1](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2441838659r.jpg)

![6631 Magnolia St - Photo 2](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2441838659r.jpg)

![6631 Magnolia St - Photo 3](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f528131039r.jpg)

![6631 Magnolia St - Photo 4](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1297621238r.jpg)

![6631 Magnolia St - Photo 5](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2242071120r.jpg)

![6631 Magnolia St - Photo 6](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2457333745r.jpg)

![6631 Magnolia St - Photo 7](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2981842909r.jpg)

![6631 Magnolia St - Photo 8](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f3495478637r.jpg)

![6631 Magnolia St - Photo 9](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2889987828r.jpg)

![6631 Magnolia St - Photo 10](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1757653875r.jpg)

![6631 Magnolia St - Photo 11](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2573001495r.jpg)

![6631 Magnolia St - Photo 12](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2241451871r.jpg)

![6631 Magnolia St - Photo 13](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2997224317r.jpg)

![6631 Magnolia St - Photo 14](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1517644863r.jpg)

![6631 Magnolia St - Photo 15](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f159859802r.jpg)

![6631 Magnolia St - Photo 16](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1757337978r.jpg)

![6631 Magnolia St - Photo 17](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1023915804r.jpg)

![6631 Magnolia St - Photo 18](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2278660273r.jpg)

![6631 Magnolia St - Photo 19](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f1050744554r.jpg)

![6631 Magnolia St - Photo 20](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2848150699r.jpg)

![6631 Magnolia St - Photo 21](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2598981009r.jpg)

![6631 Magnolia St - Photo 22](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2854564622r.jpg)

![6631 Magnolia St - Photo 23](http://lh.rdcpix.com/cb0f8454e2d00ef2f95677cdfe695ef3l-f2994830859r.jpg)

---

**MLS#:** 687888 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/6631-magnolia-st-milton-fl-32570-00958ba3184c4a6ab77f83c6b0424769)

---

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