Fully Furnished Duplex with In-Law
For Sale
$549,900
3914 Ural Street, Panama City, FL 32408
MULTI_FAMILY - Other - Panama City, FL
Property Size2,509 SF
Lot Size0.14 Acres
Price / SF$219.17
Days on Market205
Property Features for 3914 Ural Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Resid Single Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Living Room, Bedroom 2
Patio and Porch features
Porch, Deck
Interior features
ShowerOnly, SmartThermostat
Exterior features
Deck
Fencing
Privacy, Fenced
Appliances
ElectricCooktop, ElectricOven, ElectricWaterHeater
Subdivision
Holiday Beach Unit 13
Lot features
Paved
Elementary school
Patronis
Middle school
Surfside
High school
Arnold
Directions
From N Joan Ave and Thomas Drive intersection, head east. Turn left on Venus St. Turn right on Sunset Ave. Turn left onto Ural. Home is on the left.
Standard status
Active
APN
30808-095-000
Size
2,509 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLIDAY BEACH UNIT #13 LOT 4 BLK X ORB 4727 P 17
Tax Annual Amount
5645
Legal Description
HOLIDAY BEACH UNIT #13 LOT 4 BLK X ORB 4727 P 17
Utilities
Heating system
Electric (Heating), Ductless (Heating), Central
Cooling system
Ductless, Ceiling Fan(s), Central Air
Building Details
Year built
1979
Number of units
2
Building materials
Cedar, ShakeSiding, Stucco, WoodSiding
Roof type
Metal
Architectural style
Other
Additional Structures
Cabana
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Christina Daniels · License #3221544
(850) 890-2320
Added: Jan 23
Changed: Aug 3
Last Checked: Aug 16 at 5:06PM
MLS# 784070
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.
Investment Insights
Based on property information with market context.
This fully furnished duplex-style home offers two houses in one configuration, ideal for flexible living or rental use. The upstairs main house has four bedrooms and two bathrooms. A full downstairs in-law suite includes a separate entrance and offers one bedroom and one bathroom.
The property was recently refreshed with updated paint, flooring, and lighting. Outdoor space includes a deck and porch, and the home has fenced areas with privacy fencing. Interior features include a smart thermostat and showers, and appliances include an electric cooktop, electric oven, and electric water heater.
Comfort and climate control are supported by central heating and cooling plus ductless systems, with electric heating and ductless heating. The home is constructed with cedar and stucco finishes and is roofed with metal. The property was built in 1979 and offers a total of five bedrooms and three bathrooms, arranged to support live-in and rental scenarios.
The property was recently refreshed with updated paint, flooring, and lighting. Outdoor space includes a deck and porch, and the home has fenced areas with privacy fencing. Interior features include a smart thermostat and showers, and appliances include an electric cooktop, electric oven, and electric water heater.
Comfort and climate control are supported by central heating and cooling plus ductless systems, with electric heating and ductless heating. The home is constructed with cedar and stucco finishes and is roofed with metal. The property was built in 1979 and offers a total of five bedrooms and three bathrooms, arranged to support live-in and rental scenarios.
Key Highlights
- Fully furnished duplex‑style layout with separate in‑law suite downstairs
- Upstairs offers four bedrooms and two bathrooms
- Downstairs in‑law suite has separate entrance with one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,000
$607.0K
Cap Rate 7%
$433,571
$433.6K
Cap Rate 9%
$337,222
$337.2K
Market Conditions
NOI Build-Up for 2,509 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.2K $20.40/SF
− Vacancy
−$7.8K −$3.12/SF
EGI
$43.4K $17.28/SF
− OpEx
−$13.0K −$5.18/SF
NOI
$30.4K $12.10/SF
Area
Walton County, FL
Vacancy
15.29%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,000
Cap Rate 7%
$433,571
Cap Rate 9%
$337,222
Alternative Uses
Best Use
Multifamily LT 5
$433.6K
$379.4K – $505.8K
NOI $30,350 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$397.0K
$347.3K – $463.1K
NOI $27,787 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style home with separate in-law suite, decks, and updated interiors just a short walk from the beach.
Where is this duplex located?
The property is located at 3914 Ural Street Panama City, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully furnished duplex‑style layout with separate in‑law suite downstairs; Upstairs offers four bedrooms and two bathrooms; Downstairs in‑law suite has separate entrance with one bedroom and one bathroom
