803 Oak Avenue, Panama City, FL 32401

Panama City
Local realty services provided by:ERA Neubauer Real Estate, Inc.
803 Oak Avenue,Panama City, FL 32401
$496,000
  • 6 Beds
  • 4 Baths
  • 2,914 sq. ft.
  • Multi-family
  • Active
Listed by: beth christie, ramil zartdinov
Office: local insight realty
MLS#:787848
Source:FL_BCMLS

Price summary

  • Price:$496,000
  • Price per sq. ft.:$170.21

About this home

Investment Opportunity in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash...

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Home facts

  • Year built:1964
  • Listing ID #:787848
  • Added:1 day(s) ago
  • Updated:April 03, 2026 at 03:37 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:10
  • Kitchen Description:Electric Range, Tankless Water Heater
  • Living area:2,914 sq. ft.

Heating and cooling

  • Cooling:CentralAir, Ductless
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1964
  • Building area:2,914 sq. ft.
  • Lot area:0.37 Acres
  • Architectural Style:Triplex
  • Construction Materials:Brick
  • Exterior Features:Patio
  • Levels:1 Story

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$496,000
  • Price per sq. ft.:$170.21

Features and amenities

  • Amenities:ElectricRange, TanklessWaterHeater
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