$530,000
SOLD MAY 1, 2026

2881 E Johnson Ave Pensacola, FL 32514

-- Bed
-- Bath
3,606 Sq Ft
1984 Built

Sale Details

Date Sold: May 1, 2026

$147 Per Sq Ft

4% Below List Price

68 on Market

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Zachary Cooper

GRAND REALTY, INC. Brokerage Phone: 850-512-1185 Listed on: 01/15/2026

Last Buyer's Agent

Ashley Divin

Levin Rinke Realty

Levin Rinke Realty

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Stories: 1
  • Parcel Number: 171S302100001001
  • Property Type: Residential Income
  • Year Built: 1984
  • Electric: Copper Wiring
  • Property Sub Type: Quadruplex
  • Horses: No
  • Co List Office Mls Id: GRS001
  • Co List Office Phone: 850-512-1185
  • Subdivision Name: None
  • Directions: Head southwest on US-90 W toward Border Ave Continue onto US-90 ALT W Use the left 2 lanes to turn slightly left onto FL-291 S Turn left onto E Johnson Ave Destination will be on the right
  • Building Name: None
  • Unit Levels: One
  • New Construction: No
  • Attribution Contact: OFC: 850-512-1185
  • Special Features: None

Exterior Features

  • Roof: Composition
  • Lot Features: Central Access
  • Construction Type: Brick, Frame
  • Property Condition: Resale

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Elementary School: Ferry Pass
  • High School: Pine Forest
  • Middle Or Junior School: FERRY PASS

Multi Family

  • Number Of Units Total: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2026 05/01/26 Sold $530,000 -3.6% $147 / Sq Ft
03/24/2026 03/24/26 Pending -- -- --
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®

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 $5,988 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 676129

Pensacola Association of REALTORS®

APN: 17-1S-30-2100-001-001

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