119 College Avenue, Panama City, FL 32401

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
119 College Avenue,Panama City, FL 32401
$695,000
  • 15 Beds
  • 9 Baths
  • 5,222 sq. ft.
  • Multi-family
  • Active
Listed by: kaci a hawes, heather h neubauer
Office: era neubauer real estate, inc
MLS#:789830
Source:FL_BCMLS

Price summary

  • Price:$695,000
  • Price per sq. ft.:$133.09

About this home

Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1936
  • Subdivision & Development:[No Recorded Subdiv]
  • Listing ID #:789830
  • Added:165 day(s) ago
  • Updated:November 13, 2026 at 03:33 PM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:9
  • Full bathrooms:9
  • Rooms Total:15
  • Kitchen Description:Electric Cook Top, Electric Oven, Electric Water Heater
  • Living area:5,222 sq. ft.

Heating and cooling

  • Cooling:CentralAir, MultiUnits
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1936
  • Building area:5,222 sq. ft.
  • Lot area:0.41 Acres
  • Construction Materials:VinylSiding
  • Exterior Features:Balcony, Deck, Porch

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$695,000
  • Price per sq. ft.:$133.09
  • Tax amount:$5,039 (2025)

Features and amenities

  • Amenities:ElectricCooktop, ElectricOven, ElectricWaterHeater
The information being provided by Central Panhandle Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Central Panhandle Association Of REALTORS®. Better Homes and Gardens Real Estate Historic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Historic, a broker participant of Central Panhandle Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Central Panhandle Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Central Panhandle Association Of REALTORS®. All rights reserved.

New listings near 119 College Avenue