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$530,000
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Property Description
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.
Full Property Details
Full Property Details for 2881 E Johnson Ave
General
- Sold For: $530,000
- Status: Closed
- Type: Multi-Family
- Source: Pensacola
- MLS ID: 676129
- Added to Site: 117 day(s) ago
Location
- County: Escambia - Fl
- Driving 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
School Information
- Elementary School: Ferry Pass
- Middle School: FERRY PASS
- High School: Pine Forest
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Construction: Brick, Frame
- Roof: Composition
- Stories/Levels: 1
- Year Built: 1984
- Property Condition: Resale
Lot Features
- Lot Features: Central Access
Financial Considerations
- Price Per Sq. Ft.: $146.98
Disclosures and Reports
- Property ID: 171S302100001001
Listed by Grand Realty, Inc.
Sold by Levin Rinke Realty
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Schools
Schools serving 2881 E Johnson Ave
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Ferry Pass Elementary School 8310 North Davis Highway, Pensacola, FL 32514 | PK-5 | 0.7 mi |
Ferry Pass Middle School 8355 Yancey Lane, Pensacola, FL 32514 | 6-8 | 0.5 mi |
Pine Forest High School 2500 Longleaf Drive, Pensacola, FL 32526 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2881 E Johnson Ave
Date
Details
Price
Change
Source
5/01/2026
Sold
$530,000
-3.64%
MLS
1/15/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2881 E Johnson Ave, Pensacola, FL 32514 (MLS# 676129) is a Multi-Family property that was sold at $530,000 on May 01, 2026. Want to learn more about 2881 E Johnson Ave? Do you have questions about finding other Multi-Family real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

