Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.
For sale
$675,000
2600 E 1st Plz, Panama City, FL 32401
6beds
2,432sqft
Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$278/sqft
$-- HOA
What's special
One-bedroom one-bathroom units
- 7 hours
- 31
- 2
Zillow last checked:
Listing updated:
Listed by:
Heather H Neubauer 850-774-2832,
ERA Neubauer Real Estate Inc
Source: CPAR,MLS#: 794807
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Rooms
- Room types: Bedroom
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 10 x 10
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 10 x 10
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 10 x 10
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 11 x 12
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 11 x 12
Bedroom
- Description: Approx. Verify if Important
- Level: First
- Dimensions: 11 x 12
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 2,432
- Total interior livable area: 2,432 sqft
Property
Parking
- Parking features: Paved
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.35 Acres
- Dimensions: 147.0 ft x 105.0 ft
Details
- Parcel number: 22987000000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Fairview
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $213,948
- Annual tax amount: $5,306
- Date on market: 8/31/2026
Estimated market value
Not available
Estimated sales range
Not available
$927/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $675,000+2610.8%$278/sqft |
Source:  CPAR #794807 Report a problem | ||
| 11/3/2021 | Sold | $24,900+54.7%$10/sqft |
Source: CPAR #716470 Report a problem | ||
| 11/16/2020 | Sold | $16,100-77.6%$7/sqft |
Source: Public Record Report a problem | ||
| 9/6/2002 | Sold | $72,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,135 +679.7% | $210,246 +629% |
| 2023 | $659 +9.9% | $28,839 +10% |
| 2022 | $600 | $26,217 |
| 2021 | -- | -- |
| 2020 | $21,205 +19350.3% | $25,961 -18.2% |
| 2019 | $109 | $31,744 -50% |
| 2018 | $109 -76.4% | $63,550 -0.3% |
| 2017 | $462 -0.1% | $63,758 -0.5% |
| 2016 | $462 -6.5% | $64,093 -0.5% |
| 2015 | $494 | $64,428 -0.5% |
| 2014 | $494 | $64,763 -3.4% |
| 2013 | -- | $67,016 |
| 2012 | -- | $67,016 -1% |
| 2011 | -- | $67,687 -7.3% |
| 2010 | -- | $73,010 +1.4% |
| 2009 | -- | $72,019 +0.1% |
| 2008 | -- | $71,947 +3% |
| 2007 | -- | $69,851 +2.5% |
| 2006 | -- | $68,147 +3% |
| 2005 | -- | $66,162 +3% |
| 2004 | -- | $64,235 +1.9% |
| 2003 | -- | $63,037 +40.4% |
| 2002 | -- | $44,887 +1.6% |
| 2001 | -- | $44,180 -3.5% |
| 2000 | -- | $45,784 |
Find assessor info on the county website
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: Cherry Street
- Middle: Jinks
- 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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