Address Withheld By Seller, Panama City, FL 32404
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Address Withheld By Seller,Panama City, FL 32404
$650,000
- 11 Beds
- 10 Baths
- 5,174 sq. ft.
- Multi-family
- Active
Listed by: dien and andrew group
Office: think real estate
MLS#:777480
Source:FL_BCMLS
Sorry, we are unable to map this address
Price summary
- Price:$650,000
- Price per sq. ft.:$125.63
About this home
Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to Expand
Don't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied.
Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner.
With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.
Contact an agent
Home facts
- Year built:1996
- Listing ID #:777480
- Added:195 day(s) ago
- Updated:February 23, 2026 at 03:32 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Full bathrooms:6
- Half bathrooms:4
- Living area:5,174 sq. ft.
Heating and cooling
- Cooling:CentralAir, MultiUnits
- Heating:Central, Electric
Structure and exterior
- Roof:Shingle
- Year built:1996
- Building area:5,174 sq. ft.
Schools
- High school:Rutherford
- Middle school:Rutherford Middle
- Elementary school:Parker
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$125.63
- Tax amount:$6,174 (2024)
New listings near 32404
$750,000Active0.43 Acres4010 Thomas Drive, Panama City, FL 32408
MLS# 758163Listed by: WATERSOUND REAL ESTATE
$345,000Active3 beds 3 baths1,483 sq. ft.9902 S Thomas Drive #1138, Panama City, FL 32408
MLS# 781081Listed by: BEACH TIME REALTY, INC- New
$175,000Active2 beds 1 baths1,006 sq. ft.522 Arrow Street, Panama City, FL 32404
MLS# 785681Listed by: KELLER WILLIAMS SUCCESS REALTY - New
$444,900Active3 beds 2 baths1,457 sq. ft.2601 Oak Street, Panama City, FL 32408
MLS# 785430Listed by: COUNTS REAL ESTATE GROUP - New
$1,695,000Active3 beds 4 baths3,419 sq. ft.2821 Annette Avenue, Panama City, FL 32408
MLS# 785677Listed by: BEACH HOUSE SALES AND DEVELOPMENT - New
$365,000Active4 beds 2 baths1,859 sq. ft.3548 Brentwood Place, Panama City, FL 32404
MLS# 785678Listed by: CENTURY 21 COMMANDER REALTY
$899,950Pending8 beds 4 baths3,072 sq. ft.5801&5803 Pinetree Avenue #A, B, C, & D, Panama City, FL 32408
MLS# 780076Listed by: BAY TO 30A REALTY
$569,000Pending3 beds 2 baths1,310 sq. ft.3900 Quarts Street, Panama City, FL 32408
MLS# 780797Listed by: BEACHY BEACH REAL ESTATE- New
$517,874Active4 beds 3 baths2,402 sq. ft.4514 Lovegrass Lane, Panama City, FL 32409
MLS# 785671Listed by: ADAMS HOMES REALTY, INC. - New
$369,000Active3 beds 2 baths1,280 sq. ft.4805 Stellata Lane, Panama City, FL 32408
MLS# 785672Listed by: COASTAL LIVING REALTY & ASSOCIATES