Versatile Income Property in
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448 S Macarthur Avenue, Panama City, FL 32401
4-bedroom, 2-bath home in Panama City Cove.
Property SizeContact for details
Days on Market160
Property Features for 448 S Macarthur Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
PC02
Building Details
Year Built
1949
Listing Agency:
Century 21 Commander Realty Inc
(850) 596-0303
Listed By:
Cari Henry · License #FL
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Inc
Investment Insights
Based on property information with market context.
Located in the Panama City Cove, this 4-bedroom, 2-bath home offers flexibility for homeowners and investors. It is configured as two separate living spaces: a 3-bedroom, 1-bath main unit and a private 1-bedroom, 1-bath unit. This property suits multi-generational living, rental income, or a live-in-one, rent-the-other arrangement. The main 3/1 unit features living areas, bedrooms, and natural light, creating a warm atmosphere. The 1/1 unit offers its own private space, ideal for guests, long-term tenants, or short-term rental potential. Situated in The Cove, it enjoys proximity to downtown dining, shopping, waterfront parks, and marinas in one of the area's neighborhoods. This property is a rare opportunity in one of Panama City's communities for expanding an investment portfolio or securing a flexible primary residence with income potential.
Key Highlights
- Highly desirable Panama City Cove location.
- Configured as two separate living spaces (3/1 and 1/1).
- Ideal for multi‑generational living or rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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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?
Duplex - 4-bedroom, 2-bath home in Panama City Cove.
Where is this duplex located?
The property is located at 448 S Macarthur Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Highly desirable Panama City Cove location.; Configured as two separate living spaces (3/1 and 1/1).; Ideal for multi‑generational living or rental income.
