819 Russ Lake Drive, Panama City, FL 32404

Local realty services provided by:Better Homes and Gardens Real Estate Historic
819 Russ Lake Drive,Panama City, FL 32404
$239,900
  • 5 Beds
  • 3 Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by:catriese m johnson
Office:coldwell banker realty
MLS#:769484
Source:FL_BCMLS

Price summary

  • Price:$239,900
  • Price per sq. ft.:$106.15

About this home

Investor & Builder Alert! Multi-Use Duplex with Expansion Potential—FHA 203(k) Eligible! Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone—and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge. Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters—perfect for long-term tenants or short-term rental flexibility. Renovations are underway and include: ✔️ New windows, subfloor, PEX plumbing & electrical wiring ✔️ New HVAC system & ductwork (upstairs) ✔️

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Home facts

  • Year built:1971
  • Listing ID #:769484
  • Added:219 day(s) ago
  • Updated:September 16, 2025 at 02:25 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,260 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central

Structure and exterior

  • Year built:1971
  • Building area:2,260 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:Rutherford
  • Middle school:Rutherford Middle
  • Elementary school:Parker

Finances and disclosures

  • Price:$239,900
  • Price per sq. ft.:$106.15
  • Tax amount:$1,352 (2024)
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