2881 E Johnson Ave Pensacola, FL 32514
Estimated payment $3,312/month
About This Home
This fully occupied, professionally managed 4-unit multi-family property offers a strong investment opportunity with approximately $52,800 in annual gross rental income. The property is well maintained and features a new roof installed in 2022, along with numerous system and interior upgrades completed between 2024 and 2025. Recent improvements include 3 new A/C systems, 3 new water heaters 1 brought up to code, flooring, appliances, and interior updates across multiple units. Two units feature three bedrooms and one bath, while the remaining two units offer two bedrooms and one bath. Each unit includes a private rear storage and laundry area, and fencing between units provides additional tenant privacy. The property is conveniently located less than twenty minutes from Pace, local shopping centers, and the airport, and benefits from quality, long-term tenants. This is a stabilized asset ideal for an investor looking to add a well-updated multi-family property to their portfolio. Please do not disturb residents. Information deemed reliable but not guaranteed; buyers and agents to verify. Garbage, Water and Lawncare is provided.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Home Design
- Quadruplex
- Brick Exterior Construction
- Frame Construction
- Composition Roof
Interior Spaces
- 3,606 Sq Ft Home
- 1-Story Property
Schools
- Ferry Pass Elementary And Middle School
- Pine Forest High School
Utilities
- Central Heating and Cooling System
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 171S302100001001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,236 | $379,055 | $40,460 | $338,595 |
| 2024 | $4,915 | $378,604 | $40,460 | $338,144 |
| 2023 | $4,915 | $326,003 | $0 | $0 |
| 2022 | $4,472 | $296,367 | $19,950 | $276,417 |
| 2021 | $2,860 | $170,348 | $0 | $0 |
| 2020 | $2,744 | $164,659 | $0 | $0 |
| 2019 | $2,571 | $150,650 | $0 | $0 |
| 2018 | $2,550 | $146,136 | $0 | $0 |
| 2017 | $2,414 | $133,514 | $0 | $0 |
| 2016 | $1,850 | $123,859 | $0 | $0 |
| 2015 | $2,187 | $120,660 | $0 | $0 |
| 2014 | $2,003 | $116,383 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/15/2026 01/15/26 | For Sale | $550,000 | +25.0% | $153 / Sq Ft | |
| 12/01/2021 12/01/21 | Sold | $440,000 | -2.2% | $463 / Sq Ft | View Prior Sale |
| 10/08/2021 10/08/21 | For Sale | $450,000 | +275.0% | $474 / Sq Ft | |
| 08/14/2015 08/14/15 | Sold | $120,000 | +2.1% | $33 / Sq Ft | View Prior Sale |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- | |
| 06/18/2015 06/18/15 | For Sale | $117,500 | -- | $33 / Sq Ft |
Source: Pensacola Association of REALTORS®
MLS Number: 676129
APN: 17-1S-30-2100-001-001
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