Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.
Sold for $1,380,600
$1,380,600
2228 E 17th St, Panama City, FL 32405
15beds
7,120sqft
Multi Family
Built in 2020
-- sqft lot
$-- Zestimate®
$194/sqft
$1,475 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,475/mo
Zestimate® history
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$8,941/mo
Est. payment
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List your homeWhat's special
Spacious green duplexRecently renovated triplexSleek practical designOne-bedroom one-bathroom layoutsThree one-bedroom one-bathroom unitsUp-to-date appliancesCentral hvac system
Zillow last checked:
Listing updated:
Listed by:
Taylor Moorman 414-852-4209,
Scenic Sotheby's International Realty
Bought with:
Tristan C Matthews, SL3520174
Coastal Heritage Real Estate LLC
Source: CPAR,MLS#: 756905
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 13
- Full bathrooms: 13
Rooms
- Room types: Bedroom, Full Bath, Kitchen, Living Room
Bedroom
- Description: (2-bed units)
- Level: First
- Dimensions: 11.8 x 12
Bedroom
- Description: (1-bed units)
- Level: First
- Dimensions: 8.5 x 18.8
Bedroom
- Description: (2-bed units)
- Level: First
- Dimensions: 13.3 x 10.4
Bedroom
- Description: (2-bed units)
- Level: First
- Dimensions: 11.8 x 12
Bedroom
- Description: (1-bed units)
- Level: First
- Dimensions: 8.5 x 18.8
Bedroom
- Description: (2-bed units)
- Level: First
- Dimensions: 13.3 x 10.4
Other
- Description: (1-bed units)
- Level: First
- Dimensions: 9.7 x 5
Other
- Description: (2-bed units)
- Level: First
- Dimensions: 5 x 7.5
Other
- Description: (1-bed units)
- Level: First
- Dimensions: 9.7 x 8
Other
- Description: (2-bed units)
- Level: First
- Dimensions: 5 x 7.5
Kitchen
- Description: (2-bed units)
- Level: First
- Dimensions: 12 x 17
Kitchen
- Description: Kitchen / living (2-bed units)
- Level: First
- Dimensions: 12 x 17
Living room
- Description: (1-bed units)
- Level: First
- Dimensions: 9.8 x 19
Living room
- Description: living/kitchen(1-bed units)
- Level: First
- Dimensions: 9.8 x 19
Living room
- Description: (1-bed units)
- Level: First
- Dimensions: 9.8 x 19
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater
Interior area
- Total structure area: 7,120
- Total interior livable area: 7,120 sqft
Property
Lot
- Size: 0.96 Acres
- Dimensions: 300 x 140
Details
- Parcel number: 14740040000, 020010, 020000, 022000, 021000
- On leased land: Yes
- Zoning description: Resid Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, HardiPlank Type
- Roof: Composition,Shingle
Condition
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $194/sqft
- Tax assessed value: $315,093
- Annual tax amount: $11,557
- Date on market: 5/10/2024
- Cumulative days on market: 181 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $1,380,600-8%$194/sqft |
Source:  CPAR #756905 Report a problem | ||
| 11/9/2024 | Pending sale | $1,500,000$211/sqft |
Source: CPAR #756905 Report a problem | ||
| 7/16/2024 | Price change | $1,500,000-6.3%$211/sqft |
Source: CPAR #756905 Report a problem | ||
| 5/10/2024 | Listed for sale | $1,600,000+26%$225/sqft |
Source: CPAR #756905 Report a problem | ||
| 10/19/2022 | Sold | $1,270,000-5.9%$178/sqft |
Source: CPAR #709512 Report a problem | ||
| 8/9/2022 | Contingent | $1,350,000$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 6/4/2022 | Listed for sale | $1,350,000$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 4/21/2022 | Contingent | $1,350,000$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 4/16/2022 | Listed for sale | $1,350,000$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 1/19/2022 | Contingent | $1,350,000$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 1/13/2022 | Listed for sale | $1,350,000-15.4%$190/sqft |
Source: CPAR #709512 Report a problem | ||
| 12/20/2021 | Listing removed | -- |
Source: CPAR #709512 Report a problem | ||
| 7/23/2021 | Price change | $1,595,000-5.9%$224/sqft |
Source: CPAR #709512 Report a problem | ||
| 6/12/2021 | Price change | $1,695,000-15%$238/sqft |
Source: CPAR #709512 Report a problem | ||
| 3/24/2021 | Listed for sale | $1,995,000+470%$280/sqft |
Source: CPAR #709512 Report a problem | ||
| 10/2/2000 | Sold | $350,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,051 -1% | $315,093 +0.4% |
| 2023 | $4,091 +57.6% | $313,917 +48.8% |
| 2022 | $2,595 | $210,917 |
| 2021 | -- | -- |
| 2020 | $236 +0.2% | $19,600 |
| 2019 | $235 | $19,600 -81.6% |
| 2018 | $235 -83.8% | $106,426 -2.1% |
| 2017 | $1,455 -3.5% | $108,745 -2.1% |
| 2016 | $1,508 -8.4% | $111,064 -1.5% |
| 2015 | $1,646 | $112,803 -1.5% |
| 2014 | $1,646 | $114,544 -0.7% |
| 2013 | -- | $115,400 +0.6% |
| 2012 | -- | $114,764 -14% |
| 2011 | -- | $133,401 -1.5% |
| 2010 | -- | $135,409 -1% |
| 2009 | -- | $136,747 -1% |
| 2008 | -- | $138,086 -9.4% |
| 2007 | -- | $152,459 -0.9% |
| 2006 | -- | $153,798 +29.3% |
| 2005 | -- | $118,915 +90.5% |
| 2004 | -- | $62,425 |
| 2003 | -- | $62,425 +5.3% |
| 2002 | -- | $59,305 |
| 2001 | -- | $59,305 +11.9% |
| 2000 | -- | $53,006 |
Find assessor info on the county website
Neighborhood: Cedar Grove
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Nearby schools
GreatSchools rating
- 4/10Cedar Grove Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Mowat Middle SchoolGrades: 6-8Distance: 3.7 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 1.6 mi
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.
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- Florida
- Bay County
- Panama City
- 32405
- Cedar Grove
- 2228 E 17th St
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