339 Mercedes Avenue, Panama City, FL 32401
Local realty services provided by:Better Homes and Gardens Real Estate Historic
339 Mercedes Avenue,Panama City, FL 32401
$499,000
- 4 Beds
- 3 Baths
- 2,461 sq. ft.
- Multi-family
- Active
Listed by: suncoast home group, regina m kukla
Office: counts real estate group inc
MLS#:796225
Source:FL_BCMLS
Price summary
- Price:$499,000
- Price per sq. ft.:$202.76
About this home
**Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!**
Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City.
This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an established furnished rental setup.
Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests.
One of the standout features is the view of Massalina Bayou, giving this investment property a unique coastal Panama City setting while keeping you close to everything.
Located near Downtown Panama City, shopping, dining, Ascension Sacred Heart Bay, and Tyndall Air Force Base, with Panama City Beach and the beautiful Gulf Coast beaches just a short drive away.
Whether you're searching for a duplex for sale in Panama City, FL, an income-producing property, a furnished investment property, or a home where you can live in one unit and rent the other, 339 Mercedes Avenue offers flexibility, location, and investment potential all in one property.
Live in one. Rent the other. Rent them both. The possibilities are yours at 339 Mercedes Avenue....
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Home facts
- Year built:1984
- Subdivision & Development:Sudduths 4th Add
- Listing ID #:796225
- Added:2 day(s) ago
- Updated:October 07, 2026 at 02:35 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:4
- Flooring:Plank, Vinyl
- Kitchen Description:Electric Oven, Electric Range, Electric Water Heater
- Living area:2,461 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:1984
- Building area:2,461 sq. ft.
- Lot area:0.17 Acres
- Architectural Style:Duplex
- Construction Materials:Stucco, Wood Frame
- Exterior Features:Balcony, Patio
- Foundation Description:Slab
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$202.76
- Tax amount:$5,766 (2025)
Features and amenities
- Amenities:ElectricOven, ElectricRange, ElectricWaterHeater, SmokeDetectors
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