Address
1623 N James Avenue, Panama City, FL
Price
$ 1,797,000
Property Attributes
- MLS#794913
- TypeMulti-Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area02 - Bay County - Central
- NeighborhoodNo Named Subdivision
- Zip32405
- Style
- Year Built1983
- Taxes$ 4175
- Price$ 1,797,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage11664
- Lot Size0.15 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Investment Opportunity! Turnkey 12-unit townhome community in a prime, centrally located Panama City location with convenient access to major highways. Each unit features 2 bedrooms, 1.5 bathrooms, LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property is divided across three separate parcels, with each unit individually metered for added convenience and straightforward expense management. Each unit also has assigned parking. A great opportunity for investors looking for a well-maintained, income-producing property in a convenient location.
| Elementary School | Middle School | High School |
|---|---|---|
| Cedar Grove Elementary School | Rutherford Middle Middle School | Rutherford High School |
| Price History | |
|---|---|
| 9/2/2026 | Listed $1,797,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | No Named Subdivision |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Directions | From the intersection of East Ave and Hwy 98, continue east on HWY 98. Turn left on James Ave, property is on the left. |
| High School | Rutherford |
| City | Panama City |
| Zoning Description | Resid Multi-Family |
| MLS Area | 02 - Bay County - Central |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6534 |
| Elementary School | Cedar Grove |
| Land Lease Y/N | true |
| Tax Annual Amount | 4175.82 |
| Middle/Junior High School | Rutherford Middle |
| MLS Area Minor | 0201 - Bay - Central NE |
| Standard Status | Active |
| Property Sub Type Additional | Multi Family |
| Occupancy Type | Occupied |
| Year Built | 1983 |
| Heating | Electric |
| Cooling | Central Air |
| Appliances | Electric Cooktop,Electric Oven |
| Patio/Porch Features | Open,Porch |
| Construction Materials | Wood Siding |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 2 |
| Full Baths | 1 |
| Stories Count | 2 |
| Levels | Two |
| New Construction | false |
| Number Of Units Total | 4 |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Interior Steps |
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 2 |
| LivingAreaSource | Appraiser |
| Half Baths | 1 |
| Total Stories | 2 |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Size Area | 0.15 |
| Lot Dimensions | 80.0 ft x 83.0 ft |
| Lot Size Acres | 0.15 |
| Road Frontage Type | City Street |
| Building Area Total | 11664 |
| 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 32405
Price
Taxes
Year Built
In The Neighborhood
Just Listed
Panama City
$ 285,000
128 Central Avenue
Panama City, FL 32401
- Type
- Multi-Family
- Size
- 1,732 SqFt
- Rooms
- 4 Beds + 3 Baths
Panama City
$ 499,000
7300 Sunset Avenue A & B
Panama City, FL 32408
- Type
- Multi-Family
- Size
- 1,896 SqFt
- Rooms
- 4 Beds + 2 Baths
Panama City
$ 350,000
314 & 316 Bayou Avenue
Panama City, FL 32401
- Type
- Multi-Family
- Size
- 2,438 SqFt
- Rooms
- 6 Beds + 4 Baths
Port St Joe
$ 449,000
509 8th Street
Port St Joe, FL 32456
- Type
- Multi-Family
- Size
- 1,914 SqFt
- Rooms
- 4 Beds + 3 Baths
Panama City Beach
$ 745,000
133 Gwyn Drive
Panama City Beach, FL 32408
- Type
- Multi-Family
- Size
- 3,732 SqFt
- Rooms
- 8 Beds + 8 Baths
Port St Joe
$ 329,000
8201 Pelican Walk Lane
Port St Joe, FL 32456
- Type
- Multi-Family
- Size
- 800 SqFt
- Rooms
- 2 Beds + 1.5 Baths
Panama City
$ 2,185,000
5237 Thomas Drive A & B
Panama City, FL 32408
- Type
- Multi-Family
- Size
- 5,156 SqFt
- Rooms
- 10 Beds + 9 Baths
Panama City
$ 499,000
1512 Kraft Avenue
Panama City, FL 32405
- Type
- Multi-Family
- Size
- 4,104 SqFt
- Rooms
- 8 Beds + 8 Baths
Port St Joe
$ 589,900
605 10th Street
Port St Joe, FL 32456
- Type
- Multi-Family
- Size
- 2,825 SqFt
- Rooms
- 5 Beds + 4 Baths
Marianna
$ 209,999
4305 Lafayette Street
Marianna, FL 32446
- Type
- Multi-Family
- Size
- 2,076 SqFt
- Rooms
- 5 Beds + 3 Baths
Panama City
$ 599,000
726 Detroit Avenue
Panama City, FL 32401
- Type
- Multi-Family
- Size
- 3,891 SqFt
- Rooms
- 9 Beds + 6 Baths
Mexico Beach
$ 689,900
717 Fortner Avenue
Mexico Beach, FL 32456
- 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
