Two-Unit
1473 E Johnson Ave # 1471, Pensacola, FL 32514
For Sale
$299,900
Two separate two-bedroom, one-bath residences offer options for rental use or owner occupancy.
Property Size1,627 SF
Price / SF$184.33
Days on Market91
Property Features for 1473 E Johnson Ave # 1471
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Serhant Florida LLC
Listed By:
Lee Wood · License FL #9564
(850) 450-9787
Source:
Gjeffwhite
Added: Aug 14
Changed: Nov 7
Last Checked: Nov 11 at 8:40PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,627 square feet of living space across two separate units. Each residence has two bedrooms and one bathroom, supporting a range of residential arrangements. Built in 1978, the property is set among mature trees in a residential area of Pensacola.
Everyday shopping, dining, major roadways, and the University of West Florida are nearby. The two-unit layout allows an owner to occupy one residence and rent the other, or use both units for rental housing.
Everyday shopping, dining, major roadways, and the University of West Florida are nearby. The two-unit layout allows an owner to occupy one residence and rent the other, or use both units for rental housing.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,627 square feet of total living space
- Built in 1978
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$241,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Pensacola, FL
Properties on Market for Duplexes in Pensacola
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom, one-bath residences offer options for rental use or owner occupancy.
Where is this duplex located?
The property is located at 1473 E Johnson Ave # 1471 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 units, each with 2 bedrooms and 1 bathroom; 1,627 square feet of total living space; Built in 1978
