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    2810 W 15Th St Panama City, FL 32401

    Sponsored
    For Sale
    $425,000

    MULTI_FAMILY - Panama City, FL

    Lot size:
    0.42 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 6 at 1:06 pm

    Property Features for 2810 W 15Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 2
    Bedrooms
    6
    Bathrooms
    5
    APN
    29504-000-000
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1940
    Building materials
    WoodFrame
    Additional Structures
    Shed(s)

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Anastasiia Dmytrenko (850) 234-6696 License #SL3591988

    Listing date Dec 19, 2025

    MLS# 782775 Listing URL

    Copyright © 2026 Central Panhandle 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.

    Overview

    Panama City Multifamily Investment Opportunity

    Located in the Historic St. Andrews area of Panama City, Florida, this property presents an investment opportunity. Situated on HWY 98, the property currently includes four rental units. These consist of a 3-bedroom, 2-bath home; two studio apartments; and a cottage with 1 bedroom and 1 bath, for a total of 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income, with total expenses of $27,000 per year. The main unit generates $1,500 per month, while another unit generates $1,200 per month. The remaining two units generate $450 per week each. Water expenses are $500 per month for all four units, and electric expenses range from $300 to $400 per month for all units. Solar panel expenses are $800 per month. The property is situated on a 0.42-acre lot. As Historic St. Andrews grows, this property is positioned for potential appreciation in value while providing rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.700204
    Latitude
    30.175748

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    FAQs

    What type of property is this?
    Multifamily property - Four rental units in Historic St. Andrews generating annual income.
    Where is this multifamily property located?
    The property is located at 2810 W 15Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Prime location on HWY 98 in Historic St. Andrews, Panama City, a high-traffic area; - Generates approximately $57,000 in annual rental income; - Features 4 rental units: a **3-bedroom, 2-bath home; two studio apartments; and a 1-bedroom, 1-bath cottage**
    (443) 668-2388
    Request Owner's contact information
    2810 W 15Th St Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2810 W 15Th St Panama City, FL 32401
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