Panama City Multi-Family
520 Maine Avenue, Panama City, FL 32401
MULTI_FAMILY - Panama City, FL
Property size:
4,768 SFLot size:
0.32 AcresPrice / SF:
$73/SF- Added:
- Jan 28, 2026
- Days on Market:
- 106
- Last Refresh:
- May 14 at 5:06 pm
Property Features for 520 Maine Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 22686-000-000
- Size
- 4,768 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- PINECREST ADD LOTS 1,2 & W 35' LOTS 23,24 DB 173 P 319 BLK 0 ORB 4000 P 1760
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Building materials
- HardiplankType
- Roof type
- Shingle, Composition
- Additional Structures
- Arena
Listing agent Will Pender License #sl3381749 (850) 358-3610
Listing office Keller Williams Success Realty 7923 Panama City Beach Pkwy, Panama City Beach, FL (850) 249-0313
Listing date Jan 28, 2026
MLS# 784336
Copyright © 2026 Central Panhandle 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.
HighLights
- Income‑producing 5‑unit multi‑family property.
- Steady cash flow and long‑term value potential.
- Strong rental demand in Panama City.
- Proximity to beaches, schools, and major employers.
- Low maintenance units for easy management.
- Partially rented/ready to lease, offering customization options.
Overview
This multi-family property in Panama City features five units, offering potential for steady cash flow and long-term value. The property includes a single-family residence (SFR) with a total area of 2,129 square feet and a heated area of 1,251 square feet, constructed in 1946. This unit has aluminum siding, an engineered shingle roof, drywall interior walls, clay tile and carpet flooring, ducted air heating, central air conditioning, one bathroom, three bedrooms, and one story. Additionally, there is a two-story apartment building with a total area of 1,643 square feet and a heated area of 1,346 square feet, built in 1956. This building has minimum exterior walls, an engineered shingle roof, drywall interior walls, pine wood flooring, electric radiator heating, window air conditioning, two bathrooms, four bedrooms, and two stories. The property also includes a duplex with a total area of 2,315 square feet and a heated area of 2,171 square feet, constructed in 1952. The duplex features asbestos shingle exterior walls, an engineered shingle roof, drywall interior walls, asphalt tile flooring, ducted air heating, central air conditioning, two bathrooms, three bedrooms and one story. The property is zoned for residential income-producing use and is situated on a 0.32-acre lot. The total property size is 4,768 square feet. The units are partially rented and ready to lease. The property is located in proximity to beaches, schools, and major employers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
A Handyman Service
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.631753
- Latitude
- 30.158281
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multi-family property with steady cash flow potential in Panama City.
Where is this apartment building located?
The property is located at 520 Maine Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $350,999.
What are key features of this property?
This property features: Income‑producing 5‑unit multi‑family property.; Steady cash flow and long‑term value potential.; Strong rental demand in Panama City.
