$475,000

2816 N Panama Ave Unit A & B Panama City, FL 32405

$5,641
Closing credit¹
5 beds
4 full
2,240 sqft
$212 / sqft
Multi-Family

Property details

About 2816 N Panama Ave Unit A & B

Income-Producing Duplex with Pool - Fully Renovated & Short-Term Rental Ready!Welcome to your next investment! This beautifully renovated property features two fully equipped units, each with private laundry and modern upgrades throughout. Unit A offers 3 bedrooms, 2 bathrooms, and a private in-ground pool--a guest favorite. Unit B features 2 bedrooms and 2 bathrooms, plus a massive fenced backyard with endless potential--add a putting green, playground, firepit, or outdoor lounge space to increase rental appeal and income.Both units boast stylish white cabinetry, granite countertops, and durable tile plank flooring, creating a clean and cohesive look. Detached laundry rooms for each unit are conveniently located in the backyard.Whether you're looking to house hack, short-term rent, or add to your portfolio, this property delivers strong income potential in a desirable location!2024 Airbnb Gross Earnings $70,118.202025 Airbnb Gross Earnings $47,379.64 (to date) projected to be close to $100k with current bookings and projections.

Highlights

Home typeDuplex
HeatingElectric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size2,240 sqft
Year built1977
ParkingDriveway
MLS #775132
Private poolYes

Summary

  • Full Bathrooms: 4
  • Appliances: Electric Oven, Refrigerator
  • Total Bedroom Count: 5
  • Private Pool: Yes
  • Parking: Driveway
  • Architectural Style: Duplex
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • List Price: $475,000
  • Price/SqFt: $212
  • Directions: Take HWY 231 take a left on Canal St, Right on Game farm and left onto Panama Ave.
  • Year Built: 1977
  • Living Area: 2,240 SqFt
  • MLS Number: 775132
  • MLS Name: BCAR
  • Office Name: EXP Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 6:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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2816 N Panama Ave Unit A & B, Panama City, FL 32405 - ranch-style home with stucco siding

$475,000

2816 N Panama Ave Unit A & B

$5,641

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

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Nearby schools

3

Hiland Park Elementary School

Public District KG-5

0.3 mi

2507 E Baldwin Rd

6

Bay Haven Charter Academy

Public Charter KG-5

1.0 mi

2501 Hawks Landing Blvd

1

Cedar Grove Elementary School

Public District PK-5

1.8 mi

2826 E 15th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,283. Residents of Panama City, FL typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

30%
<35k
64%
35k-100k
5%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

47%
Single, No Kids
12%
Single, with Kids
28%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
7%
12-17 yrs old
21%
18-34 yrs old
41%
35-64 yrs old
20%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Golden CorralGolden Corral
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • BuickBuick

What do the neighbors listen to?

  • RockRock
  • Adult StandardsAdult Standards
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Frequently asked questions

About 2816 N Panama Ave Unit A & B

The listing price of 2816 N Panama Ave Unit A & B property is $475,000.

The property 2816 N Panama Ave Unit A & B is a multi located in Panama City, Florida, 32405.

Active Listing: 2816 N Panama Ave Unit A & B is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2816 N Panama Ave Unit A & B are: Hiland Park Elementary School (GreatSchools Rating 3/10), Bay Haven Charter Academy (GreatSchools Rating 6/10), Cedar Grove Elementary School (GreatSchools Rating 1/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Mowat Middle School (GreatSchools Rating 5/10), Jinks Middle School (GreatSchools Rating 2/10), A Crawford Mosley High School (GreatSchools Rating 6/10), Rosenwald High School (GreatSchools Rating 1/10), Rutherford High School (GreatSchools Rating 3/10).

The property 2816 N Panama Ave Unit A & B is 2,240 SqFt (source: MLS/tax record).

The year of construction for 2816 N Panama Ave Unit A & B is 1977.

This home is located at 2816 N Panama Ave Unit A & B in Panama City, FL and zip code 32405 in the Highland City neighborhood. This 2,240 square foot home was built in 1977. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 19, 2025 and is currently priced at $475,000.

In May 2025 more than 32 listings in Panama City, FL were sold above the asking price. During the same period more than 65 listings were sold at asking price, while more than 141 were sold below. The number of listings in Panama City, FL increased by 3.4% between April and May 2025. The median list price of listings available in May 2025 was $331,357, while the average time on the real estate market was 77 days.

From Rocket Homes Real Estate and based on county public records data.

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