7308 Kingman Street, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
7308 Kingman Street,Panama City Beach, FL 32408
$775,000
- 8 Beds
- 8 Baths
- 4,464 sq. ft.
- Multi-family
- Active
Listed by: andrei cunitin
Office: dalton wade inc
MLS#:796884
Source:FL_BCMLS
Price summary
- Price:$775,000
- Price per sq. ft.:$173.61
About this home
Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach.
And here's the BONUS... an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity!
Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants.
The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income.
But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review.
Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand.
Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing....
Contact an agent
Home facts
- Year built:1983
- Subdivision & Development:Thomas Drive Park U-5
- Listing ID #:796884
- Added:1 day(s) ago
- Updated:October 22, 2026 at 09:40 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:4
- Half bathrooms:4
- Rooms Total:8
- Living area:4,464 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:1983
- Building area:4,464 sq. ft.
- Lot area:0.46 Acres
- Construction Materials:Stucco
- Exterior Features:Balcony
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Finances and disclosures
- Price:$775,000
- Price per sq. ft.:$173.61
- Tax amount:$7,253 (2025)
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