Panama City Multifamily Investment
520 Maine Avenue Panama City, FL 32401
For Sale
$350,999
Five-unit multifamily property with strong rental demand near beaches and schools.
Property Size4,768 SF
Lot Size0.32 Acres
Price / SF$73.62
Days on Market180
Property Features for 520 Maine Avenue
General Information
Standard status
Active
Size
4,768 SF
Lot size
0.32 Acres
Property subtype
Commercial
Building Details
Year Built
1946
Listing Agency:
KELLER WILLIAMS SUCCESS REALTY
(850) 249-0313
Listed By:
WILL PENDER · License #sl3381749
Source:
Corcoran
Added: Jan 29
Changed: Jul 6
Last Checked: Jul 27 at 9:03AM
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 five-unit multifamily property in Panama City is zoned for residential income-producing property. It presents an opportunity for portfolio expansion or entry into property management. The property consists of multiple buildings. Building 1, constructed in 1946, is a single-family residence with a total area of 2,129 square feet and a heated area of 1,251 square feet. It features aluminum siding, an ENG SHINGL roof, drywall interior walls, clay tile and carpet flooring, central air conditioning, and ducted air heating. It includes 3 bedrooms and 1 bathroom across 1 story. Building 2, built in 1956, is a two-story apartment building with a total area of 1,643 square feet and a heated area of 1,346 square feet. It has minimum exterior walls, an ENG SHINGL roof, drywall interior walls, and pine wood flooring. It is equipped with window air conditioning and RAD ELEC heating, with 4 bedrooms and 2 bathrooms. Building 3, constructed in 1952, is a duplex with a total area of 2,315 square feet and a heated area of 2,171 square feet. It features ASB SHNGLE exterior walls, an ENG SHINGL roof, drywall interior walls, and ASPH TILE flooring. It includes central air conditioning and ducted air heating, with 3 bedrooms and 2 bathrooms across 1 story. The property is located in an area with strong rental demand, close to beaches, schools, and major employers.
Key Highlights
- 5‑unit multi‑family property offering steady cash flow and long‑term value
- Strong rental demand in Panama City
- Low maintenance units for easy management
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with strong rental demand near beaches and schools.
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 multi‑family property offering steady cash flow and long‑term value; Strong rental demand in Panama City; Low maintenance units for easy management
