For Sale
House for sale at 5138 Lance St, Panama City, FL 32404 | MLS# 796036 | Listing updated on 2026-09-30
Photo 1 of House for sale at 5138 Lance St, Panama City, FL 32404 | MLS# 796036 | Listing updated on 2026-09-30
Photo 2 of House for sale at 5138 Lance St, Panama City, FL 32404 | MLS# 796036 | Listing updated on 2026-09-30
Photo 3 of House for sale at 5138 Lance St, Panama City, FL 32404 | MLS# 796036 | Listing updated on 2026-09-30
Photo 4 of House for sale at 5138 Lance St, Panama City, FL 32404 | MLS# 796036 | Listing updated on 2026-09-30
29+
Beds Icon

Street View

$425,000

Monthly Est:$2,115

  • Beds Icon6 Beds
  • Beds Icon
    6 Baths
  • Beds Icon2,916sqft

5138 Lance St, Panama City, FL 32404

$2,115/moEst:

Get Pre-Approved

  • Triplex

  • Built in 1984

  • $-- HOA

  • 0.17 acre lot

  • $146/sq.ft

Description

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

  • Houzeo last checked: 14 minutes ago
  • Listing updated: September 30, 2026 at 2:58 pm
  • Listing Provided by: Kelli White Garrett (850) 819-6423 DRE #3139918 | CENTURY 21 Commander Realty (850) 769-8326
  • Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 796036 Bay/Panama City/Central Panhandle MLS-FL

Part of

Building
5138 Lance St
No reviews yet

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    2

  • County

    Bay County

  • City

    Panama City

  • Neighborhood

    --

  • Year Built

    1984

  • HOA Fees

    -

  • Finished Area

    2,916 sqft

  • Lot Size

    0.17 acre lot

  • Basement Area

    - sqft

  • MLS Name

    Bay/Panama City/Central Panhandle MLS

  • MLS Number

    796036

  • MLS Status

    Active

  • Days on Market

    8

Continue Your Journey in App

Find your dream home, receive real-time updates, and many more!

Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 6

    Bathrooms: 6

  • FullBath

    Level: Second

    Area: 49.50 Square Feet

    Dimensions: 5.5 x 9

  • HalfBath

    Level: First

    Area: 25.20 Square Feet

    Dimensions: 3 x 8.4

  • Laundry

    Level: First

    Area: 44.00 Square Feet

    Dimensions: 8 x 5.5

  • Kitchen

    Level: First

    Area: 80.00 Square Feet

    Dimensions: 8 x 10

  • BreakfastRoomNook

    Level: First

    Area: 117.00 Square Feet

    Dimensions: 9 x 13

  • LivingRoom

    Level: First

    Area: 182.00 Square Feet

    Dimensions: 14 x 13

  • Bedroom

    Level: Second

    Area: 156.00 Square Feet

    Dimensions: 12 x 13

  • Bedroom

    Level: Second

    Area: 140.00 Square Feet

    Dimensions: 14 x 10

Interior

  • Flooring

    Plank, Vinyl

  • Sewer

    Public Sewer

  • Cooling

    Central Air, Ceiling Fans

  • Heating

    Central, Electric

  • Appliances

    Electric Oven, Electric Range, Electric Water Heater

  • Interior Features

    Tub Shower

Construction

  • Year Built

    Year Built: 1984

  • Home type

    Triplex

  • Foundation Details

    Slab

  • Construction Materials

    Stucco, Wood Siding

  • Roof

    Composition, Shingle

Utilities & Energy

  • Utilities

    Electricity Available

Other Features

  • Lot Features

    Paved

  • Patio And Porch Features

    Covered, Porch

  • Subdivision Name

    Wh Parker

Price History

DateEventPrice

09/30/2026

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #796036

Listed for Sale

$425,000 +95.40%

$146/sqft

09/26/2019

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #685757

Price Decreased

$217,500 -12.65%

$75/sqft

09/26/2019

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #685757

Sold

$249,000

$85/sqft

Nearby Homes

Based on information from Central Panhandle Association of REALTORS® MLS through Oct 09, 2026, 08:15AM. 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®

Advertising Broker: Moe Mossa (Savvy Avenue) | Savvy Avenue, LLC