726 Detroit Avenue Panama City, FL 32401
MULTI_FAMILY - Panama City, FL
- Added:
- Apr 10, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 13 at 12:06 am
Property Features for 726 Detroit Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 9
- Interior features
- MainLevelPrimary
- Standard status
- Active
- APN
- 15384-030-001
- Size
- 3,891 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2 4S 14W -186.3- 118B4 COM AT NW COR OF NE1/4 OF SE1/4 OF SE1/4 TH S 528.24' E 25' TO E R/W OF DETROIT AV TH N 39.13' TO EXT OF COMMON WALL FOR POB TH CONT N 21.42' TO EXT OF COMMON WALL TH E 100' S 21.42' TO EXT OF COMMON WALL TH W 100' TO POB ORB 4 447 P 644
- Tax Annual Amount
- 2653
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 2023
Listing agent Shaunnah Whitely License #3308847 (850) 381-1663
Listing office Realty One Group Emerald Coast 1120 Thomas Dr, Destin, FL (850) 238-8338
Listing date Apr 10, 2026
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.
The property is located at 726 Detroit Avenue in Panama City, Florida 32401. As presented in the public remarks, the triplex is fully occupied, providing an in-place tenant situation.
For buyers seeking residential income exposure, the unit mix is straightforward: three similar 3-bedroom, 2-bath layouts within one property, each with private driveway access and an associated outdoor area. The open living concept and private backyard space may appeal to tenants looking for practical daily living and usable outdoor space without sharing yard areas.
Key Highlights
- Fully occupied triplex generating immediate rental income, with 3 separate units
- Each unit offers approx. 1,300 SF with 3 bedrooms and 2 full bathrooms
- Units include private driveways and individual backyard spaces
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 | $79.4k | $20.40 |
| − Vacancy | −$12.1k | −$3.12 |
| EGI | $67.2k | $17.28 |
| − OpEx | −$20.2k | −$5.18 |
| NOI | $47.1k | $12.10 |
