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INVESTOR SPECIAL - 2 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready"”plus two additional detached structures to be converted into a separate living with a great workshop or storage area. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the other, or bring in steady cash flow from both. Two units. One lot. Endless potential.
Property Type(s):
Single Family
| Last Updated | 9/10/2025 | Tract | No Named Subdivision |
|---|---|---|---|
| Year Built | 1945 | Community | Other Counties |
| County | Bay |
Price History
| Prior to Jul 17, '25 | $224,000 |
|---|---|
| Jul 17, '25 - Aug 12, '25 | $214,000 |
| Aug 12, '25 - Sep 10, '25 | $209,000 |
| Sep 10, '25 - Today | $204,000 |
Additional Details
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Cooktop, Electric Oven, Refrigerator |
| AREA | Other Counties |
| CONSTRUCTION | Vinyl Siding |
| LOT | 0.266 acre(s) |
| LOT DIMENSIONS | 85 x 140 |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | 2 Levels |
| SUBDIVISION | No Named Subdivision |
| TAXES | 1918 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | City,Residential Single Family |
Location
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Listed with Beach Properties Real Estate Group
Listings are provided by the Forgotten Coast REALTOR Association. This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the Forgotten Coast REALTOR Association.
Copyright 2025 Forgotten Coast REALTOR Association.
This IDX solution is (c) Diverse Solutions 2025.
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