Two-Unit
For Sale
$350,000
314 & 316 Bayou Ave, Panama City, FL 32401
Recently constructed duplex with two leased residences, each offering a three-bedroom, two-bathroom layout.
Property Size2,438 SF
Price / SF$143.56
Days on Market65
Property Features for 314 & 316 Bayou Ave
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Multi-Family
Financials
Gross Income
$39,600
Average Monthly Rent
$1,650
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
ERA Neubauer Real Estate Inc
Listed By:
Heather H Neubauer · License #3257545
(850) 774-2832
Source:
Emeraldcoasthomesource
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 9 at 7:34PM
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 ERA Neubauer Real Estate Inc
Investment Insights
Based on property information with market context.
Constructed in 2024, this duplex contains two separate residences with matching three-bedroom, two-bathroom layouts. Each unit provides over 1,050 square feet of living space, while the property records indicate 2,438 square feet overall. Both residences are leased, with current lease terms extending into 2026.
The property is located at 314 and 316 Bayou Avenue in Panama City, Florida. Separate unit addresses support distinct occupancy and leasing arrangements, making the asset suitable for an owner seeking a duplex with existing tenancy in place. Lease dates, square footage, and operating expenses should be independently verified.
The property is located at 314 and 316 Bayou Avenue in Panama City, Florida. Separate unit addresses support distinct occupancy and leasing arrangements, making the asset suitable for an owner seeking a duplex with existing tenancy in place. Lease dates, square footage, and operating expenses should be independently verified.
Key Highlights
- Built in 2024
- Two residential units, each with 3 bedrooms and 2 bathrooms
- Each unit offers over 1,050 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,941
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,820
$518.8K
Cap Rate 7%
$370,586
$370.6K
Cap Rate 9%
$288,233
$288.2K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$39.5K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$37.1K $15.20/SF
− OpEx
−$11.1K −$4.56/SF
NOI
$25.9K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,820
Cap Rate 7%
$370,586
Cap Rate 9%
$288,233
Alternative Uses
Best Use
Multifamily LT 5
$370.6K
$324.3K – $432.4K
NOI $25,941 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$339.6K
$297.1K – $396.2K
NOI $23,771 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$710.3K
$621.6K – $828.7K
NOI $49,724 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Recently constructed duplex with two leased residences, each offering a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 314 & 316 Bayou Ave Panama City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2024; Two residential units, each with 3 bedrooms and 2 bathrooms; Each unit offers over 1,050 square feet of living space
