Multifamily Home with
1525 Chandlee Avenue, Panama City, FL 32405
For Sale
New
$211,000
Residential, Panama City, FL
Property Size1,560 SF
Lot Size0.34 Acres
Price / SF$135.26
Days on Market3
Property Features for 1525 Chandlee Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Listing Agency:
AMERICAN REALTY of Bay Co, Inc · EXIT Realty
(850) 258-8440
Listed By:
Mayrelis C Roman Davila · License FL #3476683
(850) 691-9904
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 797764
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.
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Investment Insights
Based on property information with market context.
This 1,560-square-foot multifamily home was built in 1946 and has four bedrooms and three bathrooms. The interior also includes a small study at the rear. A patio and fenced yard are among the property’s exterior features, and the home has central heating and central air conditioning.
The property occupies a 0.34-acre lot measuring 100 by 150 feet. It is near Highway 98, Highway 231, local hospitals, restaurants, shopping, and downtown Panama City. The property has no HOA.
The property occupies a 0.34-acre lot measuring 100 by 150 feet. It is near Highway 98, Highway 231, local hospitals, restaurants, shopping, and downtown Panama City. The property has no HOA.
Key Highlights
- Four bedrooms and three bathrooms, with a small rear study
- 1,560 square feet of living space
- 0.34‑acre lot measuring 100 x 150
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,210
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,200
$304.2K
Cap Rate 7%
$217,286
$217.3K
Cap Rate 9%
$169,000
$169.0K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$29.6K $18.96/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$27.7K $17.73/SF
− OpEx
−$12.4K −$7.98/SF
NOI
$15.2K $9.75/SF
Area
Bay County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,200
Cap Rate 7%
$217,286
Cap Rate 9%
$169,000
Alternative Uses
Best Use
Apartment 5plus
$217.3K
$190.1K – $253.5K
NOI $15,210 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,817 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
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
$255,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Panama City, FL
Properties on Market for Multifamily properties in Panama City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The fenced property includes a patio and central heating and air conditioning.
Where is this multifamily property located?
The property is located at 1525 Chandlee Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $211,000.
What are key features of this property?
This property features: Four bedrooms and three bathrooms, with a small rear study; 1,560 square feet of living space; 0.34‑acre lot measuring 100 x 150
