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Street View
$499,000
Monthly Est:$2,484
4 Beds
- 3 Baths
3 full baths
2,461sqft
339 Mercedes Ave, Panama City, FL 32401
$499,000
$2,484/moEst:
Get Pre-Approved
Duplex
Built in 1984
$-- HOA
0.17 acre lot
$203/sq.ft
Description
**Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!**
Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City.
This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an established furnished rental setup.
Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests.
One of the standout features is the view of Massalina Bayou, giving this investment property a unique coastal Panama City setting while keeping you close to everything.
Located near Downtown Panama City, shopping, dining, Ascension Sacred Heart Bay, and Tyndall Air Force Base, with Panama City Beach and the beautiful Gulf Coast beaches just a short drive away.
Whether you're searching for a duplex for sale in Panama City, FL, an income-producing property, a furnished investment property, or a home where you can live in one unit and rent the other, 339 Mercedes Avenue offers flexibility, location, and investment potential all in one property.
Live in one. Rent the other. Rent them both. The possibilities are yours at 339 Mercedes Avenue.
- Houzeo last checked: 9 minutes ago
- Listing updated: October 5, 2026 at 5:15 pm
- Listing Provided by: SunCoast Home Group (850) 319-4596 , Regina M Kukla (850) 319-4596 | Counts Real Estate Group Inc (850) 249-3615
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 796225

Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1984
HOA Fees
-
Finished Area
2,461 sqft
Lot Size
0.17 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
796225
MLS Status
Active
Days on Market
5
Cumulative Days on Market
2

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Bedroom
Level: Second
Area: 100.00 Square Feet
Dimensions: 10 x 10
Bedroom
Level: Second
Area: 100.00 Square Feet
Dimensions: 10 x 10
Bedroom
Level: Second
Area: 100.00 Square Feet
Dimensions: 10 x 10
Bedroom
Level: Second
Area: 100.00 Square Feet
Dimensions: 10 x 10
Interior
Flooring
Plank, Vinyl
Interior Features
Tub Shower
Sewer
Public Sewer
Appliances
Electric Oven, Electric Range, Electric Water Heater
Exterior Features
Patio
Heating
Central
Cooling
Central Air, Ceiling Fans
Construction
Year Built
Year Built: 1984
Home type
Duplex
Architectural Style
Duplex
Roof
Composition, Shingle
Construction Materials
Stucco, Wood Frame
Foundation Details
Slab
Utilities & Energy
Security Features
Smoke Detectors
Parking Features
No Garage
Other Features
Community Features
Short Term Rental Allowed
Patio And Porch Features
Balcony, Patio
Lot Features
Paved
Subdivision Name
Sudduths 4th Add
Price History
| Date | Event | Price |
|---|---|---|
10/03/2026 Source: | Listed for Sale | $499,000 +29.61% $203/sqft |
08/17/2022 Source: | Price Increased | $385,000 +5.48% $156/sqft |
08/17/2022 Source: | Price Increased | $365,000 +52417.99% $148/sqft |
04/09/2013 Source: | Sold | $695 $0/sqft |
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Based on information from Central Panhandle Association of REALTORS® MLS through Oct 09, 2026, 10:45AM. 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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