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    3533 Us-98 Panama City, FL 32401

    For Sale
    $1,190,000

    MULTI_FAMILY - Panama City, FL

    Lot size:
    0.20 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 3533 Us-98

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    29030-000-000
    Lot size
    0.20 Acres

    Building Details

    Year built
    2021

    Keller Williams Success Realty (850) 249-0313 [email protected]

    Listing agent Michael S Werner (850) 249-0313 License #3266388

    Listing date Dec 2, 2025

    Copyright © 2025 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

    Revitalized Multifamily Investment Opportunity

    This 14-unit multifamily property in Panama City, FL, presents a turnkey investment opportunity, having been completely revitalized as of 2021. Each studio unit, approximately 280 square feet, features updates completed in 2021, including new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. The property is currently fully occupied and generates consistent rental income. The site provides 15 parking spaces. The property has a potential cap rate of approximately 10%. This multifamily complex offers modern infrastructure and long-term financial strength. The property is located at 3533 US-98, Panama City, FL 32401, in Bay County. The lot size is 0.2 acres.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.707395
    Latitude
    30.180522

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    FAQs

    What type of property is this?
    Apartment building - Turnkey 14-unit multifamily property, fully updated in 2021.
    Where is this apartment building located?
    The property is located at 3533 Us-98 Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: - Fully renovated in 2021 with new electrical, plumbing, windows, doors, drywall, trusses, and roof.; - Turnkey investment with full occupancy and consistent rental income.; - Approximately 10% potential cap rate.
    (850) 249-0313
    Request Owner's contact information
    3533 Us-98 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    3533 Us-98 Panama City, FL 32401
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