331 Maine Avenue, Panama City, FL 32401
Local realty services provided by:Better Homes and Gardens Real Estate Historic
331 Maine Avenue,Panama City, FL 32401
$249,000
- 4 Beds
- 2 Baths
- 1,152 sq. ft.
- Single family
- Active
Listed by: january johnson
Office: exp realty llc.
MLS#:795808
Source:FL_BCMLS
Price summary
- Price:$249,000
- Price per sq. ft.:$216.15
About this home
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS!
This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement.
Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there!
This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710!
WHY THIS PROPERTY IS AWESOME:
--Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others
--NEW METAL ROOF in 2026!
--Other updates/upgrades/repairs made recently. See attached documents.
--2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above)
--Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW!
--Full kitchen in front, efficient kitchenette in back
--SOLD FULLY FURNISHED!
--Fresh paint in main (front) unit
--Driveway parking for 4; boat parking is easy!
--HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool!
--Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar
See the full list of updates/upgrades/repairs in the attached DOCUMENTS section.
COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!...
Contact an agent
Home facts
- Year built:1945
- Subdivision & Development:Welch Add
- Listing ID #:795808
- Added:49 day(s) ago
- Updated:November 13, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:4
- Kitchen Description:Electric Range, Electric Water Heater
- Living area:1,152 sq. ft.
Heating and cooling
- Cooling:Ductless, WallUnits
- Heating:Electric
Structure and exterior
- Year built:1945
- Building area:1,152 sq. ft.
- Lot area:0.34 Acres
- Architectural Style:Bungalow
- Construction Materials:VinylSiding
- Exterior Features:Porch
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,000
- Price per sq. ft.:$216.15
- Tax amount:$2,457 (2025)
Features and amenities
- Amenities:ElectricRange, ElectricWaterHeater
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