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2881 E Johnson Ave
Pensacola FL 32514 US

$550,000

Active Listing ID 676129
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Other

$550,000

Active Listing ID 676129
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2881 E Johnson Ave 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Roof Type: Composition
  • Heating Fuels: Central

School Information

  • School
  • Ferry Pass(Elementary)
  • FERRY PASS(MiddleSchool)
  • Pine Forest(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 550000
  • unparsedaddress: 2881 E Johnson Ave
  • postalcity: Pensacola
  • stateorprovince: FL
  • country: US
  • postalcode: 32514
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • listpricelow: 550000
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 30.51702
  • longitude: -87.204703
  • listagentfullname: Zachary Cooper
  • listagentemail: zac@grandrealty.net
  • listagentkey: 3yd-PARFL-14843
  • listagentmlsid: 14843
  • listagentpreferredphone: 225 850-512-1185
  • listagentofficephone: 8505121185
  • listofficekey: 3yd-PARFL-GRS001
  • listofficemlsid: GRS001
  • disclaimer: Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PARFL
  • yearbuilt: 1984
  • listingcontractdate: 2026-01-15
  • listagenturl: http://www.grandrealty.net
  • countyorparish: Escambia - Fl
  • parcelnumber: 171S302100001001
  • elementaryschool: Ferry Pass
  • highschool: Pine Forest
  • cooling: Central Air
  • constructionmaterials: Brick, Frame
  • heating: Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.204704, 30.51702
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"GRAND REALTY, INC.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"zac@grandrealty.net", "ListBrokerageCity":"PACE", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"GRAND REALTY, INC.", "ListBrokeragePhone":"225 850-512-1185", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":" 3806 HWY 90", "ListBrokerageWebsiteUrl":"http://www.grandrealty.net", "ListOfficeAddress1":"4011 Pace Rd ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"GRS001", "ListOfficeCity":"Pace", "ListOfficeCountry":"USA", "ListOfficeEmail":"zac@grandrealty.net", "ListOfficePostalCode":"32571", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Pensacola, FL", "ListingURL":null, "MLSModificationTimestamp":"2026-01-26 15:24:34", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"BEG AT NE COR OF NW 1/4 S ALG E LI 25 FT TO S R/W LI OF JOHNSON AVE W PARL WITH N LI 127 57/100 FT FOR POB CONT W ALG R/W 82 43/100 FT S WITH INTERIOR ANG 90 DEG 49 MIN 30 SEC 185 FT E WITH INTERIOR ANG 89 DEG 10 MIN 30 SEC 82 43/100 FT N WITH INTERIOR ANG 90 DEG 49 MIN 30 SEC 185 FT TO POB OR 8675 P 1924", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/30/2026 3:08:51 PM GMT
Source Updated Date: 3/7/2026 12:45:54 PM GMT

Courtesy of: Zachary Cooper, GRAND REALTY, INC., zac@grandrealty.net

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.