Duplex with Two Equal
4017 Silver Sands Road Panama City, FL 32408
For Sale
$439,000
Pending
MULTI_FAMILY - Other - Panama City, FL
Property Size1,596 SF
Lot Size0.11 Acres
Days on Market138
Property Features for 4017 Silver Sands Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Family Room, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 2
- Appliances
- ElectricRange, ElectricWaterHeater
- Standard status
- Pending
- APN
- 30196-260-000
- Size
- 1,596 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 5, Block ''E'', Silver Sands Rd. Unit two according to the plat there of recorded in plat there of recorded in plat book 11, page 41 of the public records of Bay County Florida.
- Tax Annual Amount
- 4110
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2002
- Building materials
- VinylSiding, WoodFrame
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
ERA Neubauer Real Estate, Inc
(850) 872-3434
Listed By:
Steve E Butler · License #0173808
(850) 832-6434
Added: Mar 11
Changed: Jul 17
Last Checked: Jul 26 at 3:06PM
MLS# 786720
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 duplex includes two equal-sized residential units, each with a family/dining area, kitchen, two bedrooms, one full bath, and a dedicated laundry room. The units are currently being vacated in preparation for sale, giving a new owner flexibility to set new rental terms, pursue longer-term occupancy, or explore other allowed uses. Short-term rentals are permitted, subject to registration with the local fire department.
The property is located near the beach area, about 0.1 mile off Thomas Drive. Rick Seltzer Park, which includes public beach access, picnic areas, and Gulf views, is listed as less than half a mile away.
With two separate units in place and a layout well-suited for consistent tenant use, the property can fit buyers looking for a duplex for owner-occupancy with rental support as well as investors seeking a beach-area income opportunity. The listing notes the seller has experienced consistent rental success over the years. Please note the property is currently under contract, and the seller will consider backup offers.
The property is located near the beach area, about 0.1 mile off Thomas Drive. Rick Seltzer Park, which includes public beach access, picnic areas, and Gulf views, is listed as less than half a mile away.
With two separate units in place and a layout well-suited for consistent tenant use, the property can fit buyers looking for a duplex for owner-occupancy with rental support as well as investors seeking a beach-area income opportunity. The listing notes the seller has experienced consistent rental success over the years. Please note the property is currently under contract, and the seller will consider backup offers.
Key Highlights
- Duplex built in 2002 with metal roof and vinyl siding on wood‑frame construction
- Two equal‑sized units with approximately 800 SF each: family/dining, kitchen, 2 bedrooms, and 1 full bath
- Separate dedicated laundry room in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $20.40 |
| − Vacancy | −$5.0k | −$3.12 |
| EGI | $27.6k | $17.28 |
| − OpEx | −$8.3k | −$5.18 |
| NOI | $19.3k | $12.10 |
1,596 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,306 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$252.5K
$220.9K – $294.6K
NOI $17,675 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom, one-bath duplex with dedicated laundry in each unit, positioned near beach access and local attractions.
Where is this duplex located?
The property is located at 4017 Silver Sands Road Panama City, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Duplex built in 2002 with metal roof and vinyl siding on wood‑frame construction; Two equal‑sized units with approximately 800 SF each: family/dining, kitchen, 2 bedrooms, and 1 full bath; Separate dedicated laundry room in each unit
