Corner Lot Half-Duplex with
644 16TH Street Panama City Beach, FL 32413
644 16TH Street, Panama City Beach, FL, 32413
$234,900
For Sale
$234,900
MULTI_FAMILY - PANAMA CITY BEACH, FL
Property Size863 SF
Lot Size0.17 Acres
Price / SF$272.19
Days on Market99
Property Features for 644 16TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-3
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Family Room, Bedroom 2
- Parking features
- Guest, Off Street, Driveway, Boat, RV, Oversize
- Patio and Porch features
- Deck, Porch
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
- Exterior features
- Private Yard, Sliding Doors
- Fencing
- Chain Link
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 36582-144-000
- Size
- 863 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WHITE SANDS ESTATES (2.20) W 60.55' OF LOT 22 BLK B ORB 4688 P 294
- Tax Annual Amount
- 1503
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Flooring type
- Hardwood
- Building materials
- Stucco, Frame
- Roof type
- Metal
- Additional Structures
- Storage
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
Sean Rooney · License #3441251
(407) 476-1559
Added: Apr 14 Updated: Jul 20 at 9:07PM Checked: Jul 21 at 5:06PM
MLS# O6398252
Copyright © 2026 Stellar MLS. 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 2-bedroom, 2-bathroom half-duplex offers a residential-income setup in a quiet Panama City Beach setting. The home sits on a corner lot within a no-outlet cul-de-sac and includes an oversized double driveway with room described for an RV or a 30' boat/trailer. Outdoors, there is a spacious fenced-in yard with a workshop and an additional shed.
The property is listed as Zone X and the remarks state no flood insurance is required. Public beach access is just under 1 mile away, and Camp Helen State Park is noted as 5 miles away. Grocery and shopping options are described as being within 3 miles and Pier Park as about 6 miles away.
For ownership flexibility, the remarks note a 5-year track record as a successful short-term rental. Zoning is R-3, and the listing states there is no HOA or CDD.
The property is listed as Zone X and the remarks state no flood insurance is required. Public beach access is just under 1 mile away, and Camp Helen State Park is noted as 5 miles away. Grocery and shopping options are described as being within 3 miles and Pier Park as about 6 miles away.
For ownership flexibility, the remarks note a 5-year track record as a successful short-term rental. Zoning is R-3, and the listing states there is no HOA or CDD.
Key Highlights
- 2‑bedroom, 2‑bath half‑duplex built in 1984 in Panama City Beach’s Laguna Beach/West End area
- Corner lot on a quiet no‑outlet cul‑de‑sac with a private fenced yard
- Hardwood flooring with an open floorplan, eat‑in kitchen, and kitchen/family room combo
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 | $14.0k | $16.20 |
| − Vacancy | −$863 | −$1.00 |
| EGI | $13.1k | $15.20 |
| − OpEx | −$3.9k | −$4.56 |
| NOI | $9.2k | $10.64 |
863 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$131.2K
$114.8K – $153.1K
NOI $9,183 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$120.2K
$105.2K – $140.2K
NOI $8,414 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$251.4K
$220.0K – $293.4K
NOI $17,601 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 2-bed, 2-bath half-duplex on a corner lot in a quiet cul-de-sac with fenced yard, workshop, and no HOA or CDD.
Where is this duplex located?
The property is located at 644 16TH Street Panama City Beach, FL.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath half‑duplex built in 1984 in Panama City Beach’s Laguna Beach/West End area; Corner lot on a quiet no‑outlet cul‑de‑sac with a private fenced yard; Hardwood flooring with an open floorplan, eat‑in kitchen, and kitchen/family room combo
