2881 E Johnson Ave, Pensacola, FL 32514

Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
2881 E Johnson Ave,Pensacola, FL 32514
$550,000
  • - Beds
  • - Baths
  • 3,606 sq. ft.
  • Multi-family
  • Active
Listed by: zachary cooper, zachary cooper
Office: grand realty, inc.
MLS#:676129
Source:FL_PMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$152.52

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.

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Home facts

  • Year built:1984
  • Listing ID #:676129
  • Added:1 day(s) ago
  • Updated:January 15, 2026 at 08:49 PM

Rooms and interior

  • Living area:3,606 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1984
  • Building area:3,606 sq. ft.

Schools

  • High school:Pine Forest
  • Middle school:FERRY PASS
  • Elementary school:Ferry Pass

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$152.52
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