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For sale
    • Price cut: $40K (6/12)
    $580,000

     Panama City, FL 32404

    11beds
    5,174sqft
    : 
    $3,724/mo
    Get pre-qualified
    Multi Family
    Built in 1996
    -- sqft lot
    $-- Zestimate®
    $112/sqft
    $-- HOA

    What's special

    Sparkling private poolLarge fenced backyard
    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.
    159 days
    |
    250
    |
    37
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dien and Andrew Group 850-600-0605,

    Think Real Estate

    Source: CPAR,MLS#: 777480MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 10
      • Full bathrooms: 6
      • 1/2 bathrooms: 4
      Rooms
      • Room types: Bedroom
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Description: Measure if important
      • Level: Second
      • Dimensions: 12 x 11
      Heating
      • Central, Electric
      Cooling
      • Central Air, Multi Units
      Appliances
      • Included: Electric Range
      Interior area
      • Total structure area: 5,174
      • Total interior livable area: 5,174 sqft

      Property

      Parking
      • Parking features: Additional Parking, Paved
      Features
      • Patio & porch: Patio, Open, Porch
      • Exterior features: Patio
      • Has private pool: Yes
      • Pool features: Gunite, In Ground, Private
      • Fencing: Partial
      Lot
      • Features: Paved
      Details
      • Parcel number: 15012000000
      • Zoning description: Resid Multi-Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1996

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available, Phone Connected

      Community & HOA

      Community
      • Security: Fire Alarm
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $112/sqft
      • Annual tax amount: $6,174
      • Date on market: 2/18/2026
      • Cumulative days on market: 334 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/12/2026Price change$580,000-6.5%$112/sqft
        Source: CPAR #777480 Report a problem
        4/16/2026Price change$620,000-4.6%$120/sqft
        Source: CPAR #777480 Report a problem
        2/18/2026Listed for sale$650,000-23.5%$126/sqft
        Source: CPAR #777480 Report a problem
        2/1/2026Listing removed$850,000$164/sqft
        Source: CPAR #777480 Report a problem
        8/11/2025Listed for sale$850,000$164/sqft
        Source: CPAR #777480 Report a problem

        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 32404

        Getting around

        26 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Parker
        • Middle: Rutherford Middle
        • High: Rutherford

        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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