Two-Unit Duplex
For Sale
$299,900
1471-1473 E Johnson Ave, Pensacola, FL 32514
Two residences provide matching two-bedroom, one-bath layouts in a tree-lined Pensacola setting near daily amenities.
Property Size1,627 SF
Price / SF$184.33
Days on Market61
Property Features for 1471-1473 E Johnson Ave
General Information
Standard status
Active
Size
1,627 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Serhant Florida LLC
(646) 480-7665
Listed By:
Lee Wood · License #9564
(850) 450-9787
Source:
Exprealty
Added: Aug 14
Changed: Sep 10
Last Checked: Oct 13 at 1:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant Florida LLC
Investment Insights
Based on property information with market context.
This duplex contains 1, 627 square feet of total living space across two separate residences. Each unit offers 2 bedrooms and 1 bathroom, creating a consistent layout for rental occupancy, multigenerational living, or an owner-occupant arrangement with one unit leased.
The property is located in Pensacola near shopping, dining, major roadways, and the University of West Florida. Mature trees surround the residences and add a shaded character to the setting. Three sets of duplexes may also be purchased together as a package, subject to the terms provided by the listing agent.
The property is located in Pensacola near shopping, dining, major roadways, and the University of West Florida. Mature trees surround the residences and add a shaded character to the setting. Three sets of duplexes may also be purchased together as a package, subject to the terms provided by the listing agent.
Key Highlights
- Two‑unit duplex with 1, 627 square feet of total living space
- Each unit includes 2 bedrooms and 1 bathroom
- Separate residences support rental, multigenerational, or owner‑occupant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,013
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,260
$320.3K
Cap Rate 7%
$228,757
$228.8K
Cap Rate 9%
$177,922
$177.9K
Market Conditions
NOI Build-Up for 1,627 SF
Gross rent
$26.4K $16.20/SF
− Vacancy
−$3.5K −$2.14/SF
EGI
$22.9K $14.06/SF
− OpEx
−$6.9K −$4.22/SF
NOI
$16.0K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,260
Cap Rate 7%
$228,757
Cap Rate 9%
$177,922
Alternative Uses
Best Use
Multifamily LT 5
$228.8K
$200.2K – $266.9K
NOI $16,013 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$210.0K
$183.8K – $245.0K
NOI $14,700 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$477.5K
$417.8K – $557.1K
NOI $33,425 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide matching two-bedroom, one-bath layouts in a tree-lined Pensacola setting near daily amenities.
Where is this duplex located?
The property is located at 1471-1473 E Johnson Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1, 627 square feet of total living space; Each unit includes 2 bedrooms and 1 bathroom; Separate residences support rental, multigenerational, or owner‑occupant use
