Furnished Duplex Near
8402 Elizabeth Avenue Panama City Beach, FL 32408
8402 Elizabeth Avenue, Panama City Beach, FL, 32408
$545,000
For Sale
$545,000
MULTI_FAMILY - Other - Panama City Beach, FL
Property Size1,788 SF
Lot Size0.14 Acres
Price / SF$304.81
Days on Market147
Property Features for 8402 Elizabeth Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3
- Interior features
- MainLevelPrimary
- Exterior features
- FirePit
- Fencing
- Privacy
- Appliances
- ElectricOven
- Standard status
- Active
- APN
- 30291-000-000
- Size
- 1,788 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BEL AIR LOT 25 BLK 5 ORB 3422 P 1068 MAP 58B3&B4
- Tax Annual Amount
- 5053
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1999
- Building materials
- Stucco
- Architectural style
- Other
Listing Agency
Coldwell Banker Realty
(850) 234-6696
726 Thomas Drive Suite A, Panama City Beach, FL
Listed by
Catriese M Johnson · License #SL3431258
(850) 687-7487
Added: Feb 24 Updated: Jul 17 at 4:13 pm Checked: Jul 21 at 6:06 am
MLS# 785770
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.
Investment Insights
Based on property information with market context.
This fully furnished duplex in Panama City Beach is a short walk from the beach. Built in 1999 and updated, this property features two units, each with two bedrooms and two bathrooms. The interiors have been renovated with modern kitchens, backsplash, granite countertops, stainless steel appliances, and updated bathrooms. Tile flooring is present throughout. The backyards include fire pits. The layout allows for short-term rentals of both units, living in one unit and renting the other, or operating both as short-term vacation rentals. The property is furnished and ready to welcome guests. An outdoor shower is included. The property is located minutes from public beach access, restaurants, shopping, and local attractions. The property size is 1788 square feet and the lot size is 0.14 acres.
Key Highlights
- Fully furnished duplex built in 1999, featuring two units with 2 bedrooms and 2 bathrooms each
- Open floor layout with tile flooring throughout for easy maintenance
- Renovated interiors post‑hurricane with modern kitchens, granite countertops, and stainless steel appliances
Local 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 | $29.0k | $16.20 |
| − Vacancy | −$1.8k | −$1.00 |
| EGI | $27.2k | $15.20 |
| − OpEx | −$8.2k | −$4.56 |
| NOI | $19.0k | $10.64 |
1,788 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.8K
$237.8K – $317.1K
NOI $19,025 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.6K
NOI $17,433 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$521.0K
$455.8K – $607.8K
NOI $36,467 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex investment opportunity near Panama City Beach.
Where is this duplex located?
The property is located at 8402 Elizabeth Avenue Panama City Beach, FL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Fully furnished duplex built in 1999, featuring two units with 2 bedrooms and 2 bathrooms each; Open floor layout with tile flooring throughout for easy maintenance; Renovated interiors post‑hurricane with modern kitchens, granite countertops, and stainless steel appliances
