14-Unit Renovated Apartment
For Sale
$1,190,000
3533 Highway 98, Panama City, FL 32401
Fully updated studio apartments with modernized building systems and on-site parking support residential operations.
Property Size1,837 SF
Price / SF$647.80
Days on Market298
Property Features for 3533 Highway 98
General Information
Standard status
Active
Size
1,837 SF
Total Parking Spaces
15
Property subtype
Commercial Sale / Multi Family / Multi Family
Occupancy
100%
Units
Unit Mix
14 x studio
Multifamily Units
14
Amenities
Block
Building Details
Year Built
2021
Year Renovated
2021
Listing Agency:
Keller Williams Success Realty
Listed By:
Michael S Werner · License #3266388
(850) 814-6266
Source:
Compass
Added: Nov 9, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:47PM
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 Keller Williams Success Realty
Investment Insights
Based on property information with market context.
This 14-unit apartment property comprises studio residences of approximately 280 square feet each. Renovation work completed in 2021 included electrical wiring, sewer and water lines, windows, doors, drywall, trusses, and the roof. The building has block exterior construction and is identified as year built 2021.
The property includes 15 parking spaces and is located at 3533 Highway 98 in Panama City, Florida. Reported occupancy is full, and the property carries a potential cap rate of approximately 10%.
The property includes 15 parking spaces and is located at 3533 Highway 98 in Panama City, Florida. Reported occupancy is full, and the property carries a potential cap rate of approximately 10%.
Key Highlights
- 14 studio apartment units, each approximately 280 square feet
- 2021 updates included electrical, sewer and water lines, windows, doors, drywall, trusses, and roof
- 15 parking spaces on site
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
168
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully updated studio apartments with modernized building systems and on-site parking support residential operations.
Where is this apartment building located?
The property is located at 3533 Highway 98 Panama City, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 14 studio apartment units, each approximately 280 square feet; 2021 updates included electrical, sewer and water lines, windows, doors, drywall, trusses, and roof; 15 parking spaces on site
