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Partially Renovated Residential Income Property
For Sale
$90,000

1013 Georgia Avenue, Panama City, FL 32404

Residential, Panama City, FL

Property Size750 SF
Price / SF$120
Days on Market409

Property Features for 1013 Georgia Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Resid Single Family
Bedrooms 2
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Lot features Interior
Elementary school Parker
Middle school Rutherford ( Middle )
High school Rutherford
Directions Start by heading east on US-98 Business (Tyndall Parkway). From there, turn slightly left onto Boat Race Road (SR-368) and continue for about two blocks. Then, take a right onto Georgia Avenue. The property will be on your left-hand side at 1013 Georgia Ave, Apartment A.
Subdivision 27 - Bay County
Standard status Active
APN 07360-020-000
Size 750 SF

Taxes and HOA fees

Tax Year 2024
Tax Description EAST BAY PARK 2ND ADD BEG 13.67'W OF SE COR LOT 32 BLK 2 TH W 65.68' N 75' E 14.62' SELY 90.73' TO POB BLK 2 (32.3) (132C2) ORB 4723 P 1133
Tax Annual Amount 533
Legal Description EAST BAY PARK 2ND ADD BEG 13.67'W OF SE COR LOT 32 BLK 2 TH W 65.68' N 75' E 14.62' SELY 90.73' TO POB BLK 2 (32.3) (132C2) ORB 4723 P 1133

Building Details

Year built 1983
Floors in Building 1
Building materials Stucco
Architectural style Other
Listing Agency: ERA American Real Estate · ERA Real Estate
Listed By: Taylor R Labno · License #3496403
Added: Jul 23, 2025 Changed: Sep 2 Last Checked: Sep 4 at 10:06AM
MLS# 981586

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 1013 Georgia Avenue in Panama City, this 750-square-foot residential property includes two bedrooms and two bathrooms. Built in 1983, the building has stucco exterior construction and has undergone exterior updates. Interior work remains in progress, with drywall, finish materials, and final design decisions still to be completed.

The property is positioned near Tyndall Parkway and within a short drive of Tyndall Air Force Base. It is zoned for single-family residential use and may suit an owner completing the remaining improvements for a finished residence or income-producing property, subject to applicable requirements and final project scope.

Key Highlights

  • 750 square feet of residential property
  • Two bedrooms and two bathrooms
  • Partially renovated interior with drywall and finish work remaining

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Bakery Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

173
Businesses Nearby

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom, two-bath property with renovation work underway and single-family residential zoning.
Where is this residential income property located?
The property is located at 1013 Georgia Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: 750 square feet of residential property; Two bedrooms and two bathrooms; Partially renovated interior with drywall and finish work remaining
More about this property
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