INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX!
Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance.
Convenient Panama City Location
Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance.
PROPERTY FEATURES • Brand-new construction
• Two separate 1-bedroom / 1-bath units
• Estimated rent of approximately $1,300 per month per unit
• Approximately $2,600/month in combined projected rental income
• Durable Hardie® siding
• Quartz countertops
• Luxury vinyl plank (LVP) flooring
• Designed with low-maintenance rental ownership in mind
The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses.
EVEN MORE INCOME POTENTIAL
One of the biggest advantages of this property is the opportunity to expand the rental income.
The property has space for an additional accessory dwelling unit, and I already have a permitted plan available. For an additional fee, I can build the accessory unit for the buyer.
The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately:
$3,900 PER MONTH / $46,800 PER YEAR
That gives an investor the opportunity to purchase the duplex today and add another income-producing unit without having to start the planning process from scratch.
New construction. Low maintenance. Strong rental potential. Future expansion opportunity.
Call or message me for pricing, additional property details, rental projections, or information on adding the third unit.
Owner/Agent
Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.
New construction
$240,000
1347 Mercedes Ave #A-b, Panama City, FL 32401
2beds
796sqft
Duplex, Multi Family
Built in 2026
-- sqft lot
$-- Zestimate®
$302/sqft
$-- HOA
What's special
Quartz countertops
- 5 days
- 153
- 7
Zillow last checked:
Listing updated:
Listed by:
James Cameron 770-560-6344,
JC Real Estate Group, LLC.
Source: CPAR,MLS#: 794521
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room
Bedroom
- Level: First
- Dimensions: 12 x 10
Living room
- Level: First
- Dimensions: 12 x 15
Heating
- Ductless
Cooling
- Ceiling Fan(s), Ductless
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Tub Shower, Walk-In Closet(s)
- Windows: Double Pane Windows
Interior area
- Total structure area: 796
- Total interior livable area: 796 sqft
Property
Lot
- Size: 5,350 Square Feet
- Dimensions: 107 x 50
Details
- Parcel number: 16809005000
- Zoning description: Resid Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- HardiPlank Type
- Roof: Metal
Condition
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $302/sqft
- Annual tax amount: $128
- Date on market: 8/25/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $240,000$302/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32401
Nearby schools
Schools provided by the listing agent
- Elementary: Cedar Grove
- Middle: Mowat
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





