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Listing provided courtesy of Local Insight Realty- MLS# 787848MLS Provider

803 Oak AvenuePanama City, FL 32401

Multi-Family · 6 Beds · 4 Full Baths · 2,914 Sq. ft. | 0.37 Acres
$496,000 Active

803 Oak Avenue Overview

Time on Site:
87 days
Visits:
0

Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

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803 Oak Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,914
  • Price/Sq.ft. $170
  • Lot 0.37 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Cherry Street
  • Middle Or Junior School: Jinks
  • High School: Bay

Building Information

  • New Construction: false
  • Year Built: 1964

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0203 - Bay - Central SW
  • Postal City: Panama City
  • Subdivision Name: Gulf Coast Dev Co Plat

Community/Development

  • Community Features: Short Term Rental Allowed

Rent/Lease Information

  • Land Lease: true

General Information

  • Parcel Number: 19998-010-000
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Special Listing Conditions: Listed As-Is

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Total: 4
  • Bedrooms Total: 6

Building Interior

  • Building Area Total: 2914.0

General Information

  • Appliances: Electric Range,Tankless Water Heater
  • Levels: One
  • Living Area Source: Appraiser
  • Rooms Total: 10
  • Stories: 1
  • Stories Total: 1
  • Units Furnished: None

Exterior

Lot Information

  • Lot Features: Paved
  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Dimensions: 100x160
  • Lot Size Square Feet: 15987.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Triplex
  • Attached Garage: false
  • Construction Materials: Brick
  • Mobile Dim Units: Feet
  • Patio And Porch Features: Covered,Patio
  • Roof: Composition,Shingle
  • Structure Type: Triplex

General Information

  • Exterior Features: Patio
  • Fencing: Partial
  • Road Frontage Type: City Street
  • Utilities: Electricity Available,Sewer Available

Room Information

Room: Bedroom

  • Level: First
  • Dimensions: 10 x 12
  • Length: 10.0
  • Width: 12.0
  • Description: Unit 1

Room: Bedroom

  • Level: First
  • Dimensions: 10 x 14
  • Length: 10.0
  • Width: 14.0
  • Description: Unit 1

Room: Bedroom

  • Level: First
  • Dimensions: 11 x 20
  • Length: 11.0
  • Width: 20.0
  • Description: Unit 2

Room: Bedroom

  • Level: First
  • Dimensions: 12 x 10
  • Length: 12.0
  • Width: 10.0
  • Description: Unit 3

Room: Bedroom

  • Level: First
  • Dimensions: 12 x 11
  • Length: 12.0
  • Width: 11.0
  • Description: Unit 3

Room: Bedroom

  • Level: First
  • Dimensions: 18 x 14
  • Length: 18.0
  • Width: 14.0
  • Description: Unit 3

Room: Dining Room

  • Level: First
  • Dimensions: 17 x 8
  • Length: 17.0
  • Width: 8.0
  • Description: Unit 3

Room: Great Room

  • Level: First
  • Dimensions: 16 x 10
  • Length: 16.0
  • Width: 10.0
  • Description: Unit 2

Room: Living Room

  • Level: First
  • Dimensions: 13 x 13
  • Length: 13.0
  • Width: 13.0
  • Description: Unit 1

Room: Living Room

  • Level: First
  • Dimensions: 17 x 15
  • Length: 17.0
  • Width: 15.0
  • Description: Unit 3

803 Oak Avenue Neighborhood

Community

32401 (Panama City) Demographics

44
Median Age
1,278
Population Density (per sq. mile)
26%
College Educated
$40,217
Estimated Median Income
4,944
Estimated Total Home Owners
4,718
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

803 Oak Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

803 Oak Avenue Market Data

Based on the last 30 days in this zip code

$331,294
Average List Price
$228
Average Price per Square Foot
29
Properties Sold
76
Average Days on Market
220
Properties for Sale
Calculations provided by Reliance Network

803 Oak Avenue History

Date Event Value Agent
4/3/2026Source: Central Panhandle MLS Added to Database
April 03, 2026