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New Construction Four-Unit Duplex Property
For Sale
$999,000

1917ABCD Michigan Avenue, Panama City, FL 32405

Two duplex buildings offer open layouts, covered porches, private yards, and dedicated driveway parking.

Property Size1,920 SF
Price / SF$520.31
Days on Market1326

Property Features for 1917ABCD Michigan Avenue

General Information

Standard status Active
Size 1,920 SF
Property subtype Duplex

Additional Details

Multifamily Units 4

Amenities

front porch & yard
Central Air, Electric, Heat Pump, Ceiling Fan(s)
3
Electric Range/Cooktop
Washer Hook Ups
Composition, Shingle
Patio, Porch, Covered
Brick Trim/Veneer
33+120
City Road, Community Maintenance.

Building Details

Year Built 2023
Buildings 2
Construction brick
Listing Agency: Central Bay Realty and Property Management LLC
Listed By: Roy Furst · License #3141793
Source: Xome
Added: Jan 13, 2023 Changed: Aug 30 Last Checked: Aug 31 at 1:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Central Bay Realty and Property Management LLC

Investment Insights

Based on property information with market context.

This 2023 multifamily property comprises two duplex buildings with two residences in each building. The homes feature open-plan interiors, abundant natural light, LVP flooring, and kitchens designed with ample working and storage space. Each residence includes a primary bedroom with a private bathroom and walk-in shower, plus an additional full bathroom with tub and shower. Separate utility and washer/dryer rooms provide added storage capacity.

Covered front porches, individual yards, and dedicated driveway parking serve the residences. The property is described as new construction with warranty coverage and is currently being offered for lease by the side. Its Panama City location is approximately a 10-minute drive from the beachside area.

Key Highlights

  • Two duplex buildings with 2 units in each building
  • 2023 new construction with warranty coverage
  • Open floor plans with natural light and LVP flooring throughout

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Gym & Fitness Center Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

626
Businesses Nearby

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two duplex buildings offer open layouts, covered porches, private yards, and dedicated driveway parking.
Where is this duplex located?
The property is located at 1917ABCD Michigan Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two duplex buildings with 2 units in each building; 2023 new construction with warranty coverage; Open floor plans with natural light and LVP flooring throughout
More about this property
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