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Street View
$425,000
Monthly Est:$2,115
6 Beds
- 6 Baths
3 full baths + 3 half baths
2,916sqft
5138 Lance St, Panama City, FL 32404
$425,000
$2,115/moEst:
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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

Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
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

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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
| Date | Event | Price |
|---|---|---|
09/30/2026 Source: | Listed for Sale | $425,000 +95.40% $146/sqft |
09/26/2019 Source: | Price Decreased | $217,500 -12.65% $75/sqft |
09/26/2019 Source: | Sold | $249,000 $85/sqft |
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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®
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