5612 Hilltop Avenue, Panama City Beach, FL 32408
MULTI_FAMILY - Other - Panama City Beach, FL
- Added:
- Jul 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 9 at 9:06 am
Property Features for 5612 Hilltop Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 5, Bonus Room, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Family Room, Bathroom 5
- Parking features
- Covered
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
- Standard status
- Active
- APN
- 32061-000-000
- Size
- 3,804 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BILTMORE BEACH 1ST ADD LOTS 1 & 2 BLK G ORB 3211 P 1444
- Tax Annual Amount
- 3754
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Courtney Pantalena License #3504789 (850) 738-4881
Listing office Coldwell Banker Realty 36150 Emerald Coast Pkwy #101, Pensacola, FL (850) 650-4563
Listing date Jul 8, 2026
Copyright © 2026 Emerald Coast 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
- Triplex built in 1986 with three separate units: Apartment A (4 bed/2 bath), Apartment B (2 bed/2 bath), and Apartment C (2 bed/2 bath).
- Apartment B and Apartment C each have their own separate entrance; Apartment A includes a converted two‑car garage creating bonus/flex space.
- Central heating and central air; kitchen appliances include dishwasher, microwave, refrigerator, and electric stove/oven.
- Covered parking available and public sewer service connected.
- No HOA reported; expansive lot allows parking for an RV, boat, or multiple vehicles.
- Located in South Lagoon area, a few blocks from public beach access points off Gulf Drive and close to the lagoon boat ramp.
Overview
The property is situated in the South Lagoon area of Panama City Beach. It is described as just a few blocks from public beach access points off Gulf Drive and closer to a local boat ramp on the lagoon. The listing also notes convenient access to the marina area, dining, and shopping along Thomas Drive.
With no HOA and an expansive lot, the property is set up for flexible use and resident parking, with room for an RV, boat, or multiple vehicles. The separate entrances and multi-level configuration can appeal to tenants seeking privacy while supporting an operator looking to manage three distinct units in one building.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $16.20 |
| − Vacancy | −$3.8k | −$1.00 |
| EGI | $57.8k | $15.20 |
| − OpEx | −$17.3k | −$4.56 |
| NOI | $40.5k | $10.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.755788
- Latitude
- 30.148183
