NOT LISTED FOR SALE

2881 E Johnson Ave Pensacola, FL 32514

Ferry Pass Area
-- Beds
3 Baths
3,606 Sq Ft
1984 Built

Sale Details

Date Sold: May 1, 2026

Last sale price $530,000 $147 Per Sq Ft

68 Days 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
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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2026
Closed on
Apr 1, 2026
Sold by
David Royer and Denise Obial Kamille
Bought by
Seller's Agent
Zachary Cooper
GRAND REALTY, INC.
Buyer's Agent
Ashley Divin
Levin Rinke Realty
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 18, 2021
Sold by
Cyn Solutions Llc
Bought by
Royer Jeremy David and Obial Kamille Denise
Seller's Agent
Sandy Blanton
TEAM SANDY BLANTON REALTY, INC
Buyer's Agent
DEVIN YARBROUGH
American Valor Realty LLC
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$450,120
Interest Rate
3.09%
Mortgage Type
VA

Purchase Details

Closed on
Sep 20, 2021
Sold by
Farrar Alexanders J
Bought by
Cyn Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,120
Interest Rate
3.09%
Mortgage Type
VA

Purchase Details

Closed on
Jul 18, 2017
Sold by
Farrar Alexander J and Farrar Cynthia
Bought by
Cyn Solutions Llc

Purchase Details

Closed on
Jul 1, 2017
Bought by
Cyn Solutions Llc

Purchase Details

Listed on
Jun 18, 2015
Closed on
Aug 14, 2015
Sold by
Fannie Mae
Bought by
Farrar Alexander J and Farrar Cynthia
Seller's Agent
Anthony Sessa
RE/MAX HORIZONS REALTY
Buyer's Agent
Anthony Sessa
RE/MAX HORIZONS REALTY
List Price
$117,500
Sold Price
$120,000
Premium/Discount to List
$2,500
2.13%

Purchase Details

Closed on
Jun 3, 2015
Sold by
Jernigan Edward Neil
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 11, 2001
Sold by
Jernigan Bldr Inc
Bought by
Jernigan Edward Neil
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$520,000 Surety Land & Title
Royer Jeremy David $440,000 Southtrust Law & Title Inc
Cyn Solutions Llc -- Farrar Gregory P
Cyn Solutions Llc -- Attorney
Cyn Solutions Llc $100 --
Farrar Alexander J $120,000 Attorney
Federal National Mortgage Association -- None Available
Jernigan Edward Neil $89,200 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $404,000
Closed Royer Jeremy David $450,120
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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