Duplex with Separate Power and
For Sale
$475,000
2432 Valley Oak Court A&B, Panama City Beach, FL 32408
MULTI_FAMILY - Other - Panama City Beach, FL
Property Size2,196 SF
Price / SF$216.30
Days on Market228
Property Features for 2432 Valley Oak Court A&B
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 2
Appliances
Dishwasher, Microwave, Stove/Oven Electric, Water Heater - Elect
Subdivision
NORTH LAGOON OAKS
Elementary school
Patronis
Middle school
Surfside
High school
Arnold
Directions
Heading South on Thomas Drive, turn right onto Summer Oak Drive. Make a right onto Grand Oaks Lane and then make a left on Valley Oak Court. Duplex will be on the left.
Standard status
Active
APN
30167-808-000
Size
2,196 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAGOON OAKS 7TH ADD. LOT 2 BLK D ORB 4713 P 2049
Tax Annual Amount
5685
Legal Description
NORTH LAGOON OAKS 7TH ADD. LOT 2 BLK D ORB 4713 P 2049
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
1
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Bubba McCants · License #3062634
(850) 624-8433
Added: Dec 18, 2025
Changed: Jul 30
Last Checked: Aug 3 at 1:06PM
MLS# 991465
Copyright © 2026 Emerald Coast 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.
A well-designed two-unit duplex offering independent living setups for Unit A and Unit B. Each unit features two bedrooms and two bathrooms, with separate power and water meters to support fully independent occupancy. Both units are currently occupied, providing immediate rental continuity.
The property was built in 2019 and totals 2,196 square feet. Central air cooling is provided, and the home is served by a septic tank for sewer. In-unit electric appliances include a dishwasher, microwave, and electric stove/oven, along with an electric water heater.
Location is on North Lagoon in Panama City Beach, Florida, with the beaches about a 2-minute drive away and Pier Park approximately 15 minutes from the property.
The property was built in 2019 and totals 2,196 square feet. Central air cooling is provided, and the home is served by a septic tank for sewer. In-unit electric appliances include a dishwasher, microwave, and electric stove/oven, along with an electric water heater.
Location is on North Lagoon in Panama City Beach, Florida, with the beaches about a 2-minute drive away and Pier Park approximately 15 minutes from the property.
Key Highlights
- 2,196 SF two‑unit duplex built in 2019
- Each unit has two bedrooms and two bathrooms
- Unit A and Unit B have separate power and water meters
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 | $35.6k | $16.20 |
| − Vacancy | −$2.2k | −$1.00 |
| EGI | $33.4k | $15.20 |
| − OpEx | −$10.0k | −$4.56 |
| NOI | $23.4k | $10.64 |
2,196 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$305.9K
$267.6K – $356.9K
NOI $21,411 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$639.8K
$559.9K – $746.5K
NOI $44,789 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex built in 2019 with each unit separately metered for power and water.
Where is this duplex located?
The property is located at 2432 Valley Oak Court A&B Panama City Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,196 SF two‑unit duplex built in 2019; Each unit has two bedrooms and two bathrooms; Unit A and Unit B have separate power and water meters
