Sanders Apartments offers an incredible investment opportunity with all 20 units completely remodeled over the past 5 years. Major upgrades include new roofs on the two large buildings in 2022, and on the four duplexes in 2024. Additional improvements in 2024 include brand-new fencing and a freshly paved parking lot, ensuring the property looks as good as it performs. Professionally managed by a local property management company, Sanders Apartments has maintained an impressive 100% occupancy rate for the past 5 years, generating a strong gross income of $24,300 per month. This property combines modern updates, consistent income, and a prime location—truly a can't-miss opportunity!
Sold for $1,955,000
$1,955,000
5820 Sanders Ave, Pensacola, FL 32504
--beds
--baths
20,624sqft
Apartment
Built in 1972
-- sqft lot
$-- Zestimate®
$95/sqft
$1,649 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,649/mo
Zestimate® history
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List your homeWhat's special
New roofsFreshly paved parking lotBrand-new fencing
Zillow last checked:
Listing updated:
Listed by:
Jonathan Minerick,
homecoin.com
Bought with:
Outside Area Selling Agent
PAR Outside Area Listing Office
Source: PAR,MLS#: 663489
Facts & features
Interior
Heating
- None
Cooling
- Ceiling Fan(s), Multi Units
Appliances
- Included: Dryer, Built In Microwave, Refrigerator
Features
- Has basement: No
Interior area
- Total structure area: 20,624
- Total interior livable area: 20,624 sqft
Property
Features
- Levels: One,Two
- Stories: 1
- Exterior features: Rain Gutters
- Fencing: Back Yard
Details
- Parcel number: 311s301901205006
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1972
Utilities & green energy
- Electric: Aluminum Wiring
Community & HOA
Community
- Subdivision: Abb
Location
- Region: Pensacola
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $1,815,719
- Annual tax amount: $21,055
- Price range: $2M - $2M
- Date on market: 4/30/2025
- Cumulative days on market: 42 days
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2025 | Sold | $1,955,000-13.1%$95/sqft |
Source:  PAR #663489 Report a problem | ||
| 6/11/2025 | Pending sale | $2,250,000$109/sqft |
Source: PAR #663489 Report a problem | ||
| 5/15/2025 | Price change | $2,250,000-8.2%$109/sqft |
Source: PAR #663489 Report a problem | ||
| 4/30/2025 | Listed for sale | $2,450,000+75%$119/sqft |
Source: PAR #663489 Report a problem | ||
| 10/22/2020 | Listing removed | $1,400,000$68/sqft |
Source: BLUE ANCHOR REALTY, LLC #579420 Report a problem | ||
| 10/7/2020 | Listed for sale | $1,400,000+78.2%$68/sqft |
Source: BLUE ANCHOR REALTY, LLC #579420 Report a problem | ||
| 5/31/2016 | Sold | $785,700+30.9%$38/sqft |
Source: PAR #494302 Report a problem | ||
| 3/9/2011 | Sold | $600,000-32.2%$29/sqft |
Source: Public Record Report a problem | ||
| 10/13/2003 | Sold | $885,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $21,055 +4.1% | $1,815,719 +5.9% |
| 2023 | $20,222 +9.9% | $1,714,077 +15.8% |
| 2022 | $18,404 +5.9% | $1,479,861 +12.4% |
| 2021 | $17,371 +26.6% | $1,316,495 +59.9% |
| 2020 | $13,720 +4.3% | $823,314 +6.3% |
| 2019 | $13,150 | $774,821 +7% |
| 2018 | $13,150 +3.9% | $724,269 +5.3% |
| 2017 | $12,660 +2.4% | $687,607 -0.2% |
| 2016 | $12,358 -0.8% | $689,089 +11.9% |
| 2015 | $12,459 | $615,877 +0.2% |
| 2014 | $12,459 | $614,718 +8.2% |
| 2013 | -- | $568,347 +4.8% |
| 2011 | -- | $542,146 +8.9% |
| 2003 | -- | $498,020 0% |
| 2001 | -- | $498,060 +2.9% |
| 2000 | -- | $484,170 |
Find assessor info on the county website
Neighborhood: Walden
Nearby homes
- $170,1002 bd1 ba728 sqft5820 Sanders Ave #H, Pensacola, FL 32504Off Market
- $--3 bd2 ba1.2k sqft5820 Sanders Ave UNIT T, Pensacola, FL 32504Off Market
- $261,0003 bd2 ba1.2k sqft5820 Sanders Ave #R, Pensacola, FL 32504Off Market
- $261,0003 bd2 ba1.2k sqft5820 Sanders Ave #S, Pensacola, FL 32504Off Market
- $261,0003 bd2 ba1.2k sqft5820 Sanders Ave #O, Pensacola, FL 32504Off Market
- $170,1002 bd1 ba728 sqft5820 Sanders Ave #D, Pensacola, FL 32504Off Market
- $261,0003 bd2 ba1.2k sqft5820 Sanders Ave #N, Pensacola, FL 32504Off Market
- $--2 bd1 ba728 sqft5820 Sanders Ave UNIT E, Pensacola, FL 32504Off Market
Nearby schools
GreatSchools rating
- 5/10Reinhardt Holm Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10J. H. Workman Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Washington Senior High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Local School In County
- Middle: LOCAL SCHOOL IN COUNTY
- High: Local School In County
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Escambia County
- Pensacola
- 32504
- Walden
- 5820 Sanders Ave
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