615 N Spring St, Pensacola, FL 32501

Located in the heart of the North Hill Historic District, this stately multi-family property blends historic charm with modern income potential. Originally built by the esteemed "Moreno" family, the home retains its architectural elegance while offering exceptional versatility. Whether used for long-term rentals, short-term stays, boutique commercial use, or an owner-occupied home w/supplemental income, this property offers a unique investment opportunity in one of Pensacola’s most sought-after locations. Inside, high ceilings, intricate moldings, original heart pine floors, and multiple fireplaces highlight its timeless character. A charming upstairs covered balcony overlooking Spring Street provides a perfect outdoor retreat. The building features high-functioning residential floor plans and includes a detached carport w/storage room. Unit 1 is a 1-bedroom, 1-bath downstairs residence featuring 2 fireplaces, functional pocket doors, built-in bookshelves, and abundant natural light. Unit 2, also a 1-bedroom, 1-bath downstairs, offers high ceilings and a beautifully preserved original fireplace. Unit 3, a spacious 2-bedroom, 2-bath comprising the entire upstairs, stands out with a private balcony, a renovated kitchen (2023), and a master bedroom with two large closets. Both bathrooms in Unit 3 feature classic clawfoot tubs. Coin laundry is available on-site. A new roof & other recent updates reflect the seller’s commitment to preserving the property’s integrity. Units are individually metered for electric; the owner covers electric for common areas, water/sewer, and trash. Current zoning allows for selective commercial use, enhancing investment potential. Minutes from downtown Pensacola’s dining, shopping, and business district, this property ensures strong tenant demand and income potential. Whether you’re an investor, homeowner, or entrepreneur, this is a rare opportunity to own a piece of Pensacola’s rich history. Additional information is available upon request.