Property Attributes
- MLS#792289
- TypeMulti-Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodNo Named Subdivision
- Zip32408
- Style
- Year Built1998
- Price$ 745,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage3732
- Lot Size0.21 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Rare Quadplex Investment Opportunity! This well maintained quadplex features an assumable 2.875% FHA mortgage (subject to lender approval and buyer qualification), offering qualified buyers the opportunity to secure an exceptional below market interest rate. The property is zoned x flood zone & Commercial Mixed Use, making it applicable for short-term rental use. Major updates include a roof replaced in 2019, and 4-Point Inspection reports are available for each unit, documenting the HVAC and plumbing. Ideally located just 7 minutes from Beach Access 2, the property is also surrounded by popular restaurants, shopping, and grocery stores, making it an attractive option for both long term tenants and vacation guests. Whether you're expanding your portfolio or seeking a versatile income producing property, this quadplex is an opportunity you won't want to miss.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 7/7/2026 | Listed $745,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | No Named Subdivision |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Directions | get onto C R 392/ Navy Blvd / Thomas drive, Turn left onto Gwyn Dr, in 0.2 miles 133 Gwen drive is to your left. |
| High School | Arnold |
| City | Panama City Beach |
| Zoning Description | Commercial, Resid Multi-Family |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 9148 |
| Elementary School | Patronis |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | Quadruplex |
| Occupancy Type | Occupied |
| Year Built | 1998 |
| Heating | Central |
| Cooling | Central Air |
| Appliances | Electric Cooktop |
| Construction Materials | Vinyl Siding |
| Garage Y/N | false |
| Total Rooms | 8 |
| Full Baths | 8 |
| Stories Count | 2 |
| Levels | Two |
| New Construction | false |
Interior Features
| Total Baths | 8 |
|---|---|
| Interior Amenities | Main Level Primary,Upper Level Primary |
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 8 |
| LivingAreaSource | Appraiser |
| Total Stories | 2 |
Exterior Features
| Lot Size Area | 0.21 |
|---|---|
| Lot Dimensions | 80.0 ft x 119.0 ft |
| Lot Size Acres | 0.21 |
| Road Frontage Type | City Street |
| Building Area Total | 3732 |
| Waterfront Y/N | false |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 32408
In The Neighborhood
Panama City
$ 285,000
- Type
- Multi-Family
- Size
- 1,732 SqFt
- Rooms
- 4 Beds + 3 Baths
Panama City
$ 499,000
- Type
- Multi-Family
- Size
- 1,896 SqFt
- Rooms
- 4 Beds + 2 Baths
Panama City
$ 350,000
- Type
- Multi-Family
- Size
- 2,438 SqFt
- Rooms
- 6 Beds + 4 Baths
Panama City
$ 1,797,000
- Type
- Multi-Family
- Size
- 11,664 SqFt
- Rooms
- 2 Beds + 1.5 Baths
Port St Joe
$ 449,000
- Type
- Multi-Family
- Size
- 1,914 SqFt
- Rooms
- 4 Beds + 3 Baths
Port St Joe
$ 329,000
- Type
- Multi-Family
- Size
- 800 SqFt
- Rooms
- 2 Beds + 1.5 Baths
Panama City
$ 2,185,000
- Type
- Multi-Family
- Size
- 5,156 SqFt
- Rooms
- 10 Beds + 9 Baths
Panama City
$ 499,000
- Type
- Multi-Family
- Size
- 4,104 SqFt
- Rooms
- 8 Beds + 8 Baths
Port St Joe
$ 589,900
- Type
- Multi-Family
- Size
- 2,825 SqFt
- Rooms
- 5 Beds + 4 Baths
Marianna
$ 209,999
- Type
- Multi-Family
- Size
- 2,076 SqFt
- Rooms
- 5 Beds + 3 Baths
Panama City
$ 599,000
- Type
- Multi-Family
- Size
- 3,891 SqFt
- Rooms
- 9 Beds + 6 Baths
Mexico Beach
$ 689,900
- Type
- Multi-Family
- Size
- 2,218 SqFt
- Rooms
- 4 Beds + 2 Baths
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating