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12-Unit Apartment Community
For Sale
$1,797,000

1623 N James Avenue, Panama City, FL 32405

Townhome-style residences offer updated interiors, private laundry hookups, and assigned parking for each unit.

Property SizeContact for details
Days on Market8

Property Features for 1623 N James Avenue

General Information

Standard status Active
Property subtype Multi-family

Units

Unit Mix 12 x 2BR/1.5BA
Multifamily Units 12

Additional Details

Highway Access Yes

Building Details

Year Built 1983
Listing Agency: CENTURY 21 Commander Realty
Listed By: Charlie W Commander
Source: Cthomeseekers
Added: Aug 30 Changed: Sep 5 Last Checked: Sep 5 at 2:49PM

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 CENTURY 21 Commander Realty

Investment Insights

Based on property information with market context.

This 12-unit apartment community is configured as townhome-style residences, with each unit offering two bedrooms and one-and-a-half bathrooms. Interior features include LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property was built in 1983 and includes assigned parking for every residence.

The community is located on N James Avenue in Panama City, Florida, with access to major highways. The property spans three separate parcels, and each unit is individually metered, providing a defined utility arrangement for the residences.

The unit-by-unit configuration, separate parcels, and assigned parking create a straightforward physical layout for an apartment investor evaluating the property.

Key Highlights

  • 12‑unit townhome‑style apartment community
  • Each unit includes 2 bedrooms and 1.5 bathrooms
  • LVP flooring, updated countertops, and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Gym & Fitness Center

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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

241
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Townhome-style residences offer updated interiors, private laundry hookups, and assigned parking for each unit.
Where is this apartment building located?
The property is located at 1623 N James Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $1,797,000.
What are key features of this property?
This property features: 12‑unit townhome‑style apartment community; Each unit includes 2 bedrooms and 1.5 bathrooms; LVP flooring, updated countertops, and stainless steel appliances
More about this property
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