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Street View
$250,000
Monthly Est:$1,244
4 Beds
4 Baths4 full baths
1,920sqft
209 Sherman Ave, Panama City, FL 32401
$250,000
$1,244/moEst:
Get Pre-Approved
Duplex
Built in 1947
$-- HOA
0.23 acre lot
$130/sq.ft
Description
INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.
- Houzeo last checked: 12 hours ago
- Listing updated: October 2, 2026 at 5:35 pm
- Listing Provided by: Team Don and Bubba (850) 624-8433 | eXp Realty, LLC (850) 624-8433
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 795519
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1947
HOA Fees
-
Finished Area
1,920 sqft
Lot Size
0.23 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
795519
MLS Status
Active
Days on Market
46
Cumulative Days on Market
15
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Kitchen
Level: First
Area: 131.25 Square Feet
Dimensions: 10.5 x 12.5
LivingRoom
Level: First
Area: 112.50 Square Feet
Dimensions: 9 x 12.5
Bedroom
Level: First
Area: 121.50 Square Feet
Dimensions: 9 x 13.5
Bedroom
Level: First
Area: 121.50 Square Feet
Dimensions: 9 x 13.5
Bedroom
Level: First
Area: 121.50 Square Feet
Dimensions: 9 x 13.5
Bedroom
Level: First
Area: 121.50 Square Feet
Dimensions: 9 x 13.5
Interior
Appliances
Electric Water Heater
Cooling
Window Units
Sewer
Public Sewer
Construction
Year Built
Year Built: 1947
Home type
Duplex
Foundation Details
Slab
Roof
Metal
Architectural Style
Duplex
Construction Materials
Block
Other Features
Subdivision Name
[no Recorded Subdiv]
Community Features
Short Term Rental Allowed
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Price Decreased | $250,000 -9.09% $130/sqft |
09/17/2026 Source: | Listed for Sale | $275,000 $143/sqft |
Millville Ranks #23 in Panama City, FL
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 02, 2026, 02:15PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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