5-Unit Apartment
For Sale
$350,999
520 Maine Avenue, Panama City, FL 32401
MULTI_FAMILY - Panama City, FL
Property Size4,768 SF
Lot Size0.32 Acres
Price / SF$73.62
Days on Market200
Property Features for 520 Maine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Resid Multi-Family
Subdivision
[No Recorded Subdiv]
Elementary school
Cherry Street
Middle school
Jinks
High school
Bay
Directions
Bus highway take main street north. property on the right, corner of Maine and E 6th st.
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
Legal 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 Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Will Pender · License #sl3381749
(850) 358-3610
Added: Jan 28
Changed: Aug 3
Last Checked: Aug 16 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This 5-unit apartment building offers a low-maintenance multifamily setup presented as partially rented and also ready to lease. The property includes three separate structures: Building 1 is a single-story SFR with 1,251 heated SF and a 1946 build year; Building 2 is a two-story apartment with 1,346 heated SF and a 1956 build year; and Building 3 is a duplex with 2,171 heated SF and a 1952 build year. Exterior walls include a mix of siding and shingle materials, and roofs are described as shingle/composition. Interior finishes include drywall with frame construction, and the buildings are serviced with central air and air ducted and/or central systems as described.
The property sits on a 0.32-acre lot with public sewer. It is described as zoned for residential income-producing property.
Overall, the configuration supports tenant-level flexibility across multiple units within three buildings while keeping management comparatively straightforward for an owner.
The property sits on a 0.32-acre lot with public sewer. It is described as zoned for residential income-producing property.
Overall, the configuration supports tenant-level flexibility across multiple units within three buildings while keeping management comparatively straightforward for an owner.
Key Highlights
- 5‑unit apartment property presented as partially rented/ready to lease
- 0.32‑acre lot with public sewer
- Building 1: SFR, 1,251 heated SF, built 1946
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
301
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment property with public sewer and shingle/composition roofing on a 0.32-acre lot 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: 5‑unit apartment property presented as partially rented/ready to lease; 0.32‑acre lot with public sewer; Building 1: SFR, 1,251 heated SF, built 1946
