336
Gray Ave
Panama City
INVESTOR SPECIAL – 3 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready—plus two additional detached structures ready for conversion into separate units. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the others, or bring in steady cash flow from all three. Multiple units. One lot. Endless potential.
Listing information maintained by Beach Properties Real Estate Group.
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Listing Details
| MLS# | 322278 |
| Status | Active |
| Property Type | House |
| Bedrooms | 3 |
| Bathrooms | 2 full, 0 half |
| H/C Sqft | 1,792 |
| Total Sqft | 2,572 |
| Acreage | 0.266 |
| Lot Dimensions | 85 x 140 |
| Year Built | 1945 |
| Stories | 2 |
| Taxes | $1,918.00 in 2024 |
| HOA | No HOA Fees |
Property Features
| Interior | Needs Work, Washer/Dryer Hookup, Window Treatment All, Woodwork Stained, |
| Appliances | Dishwasher, Refrigerator, Stove/Oven Electric, |
| Exterior | Needs Work, |
| Energy | Ceiling Fan, |
| Construction | Vinyl Siding, |
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected, |
| Lot | Aerials/Topo Available, Survey Available, |
Location
| Zip Code | 32401 |
| Area | Other Counties |
| Sub-area | Bay County |
| Subdivision | No Named Subdivision |
Map
Heading West on Hwy 98, turn left on N Gray Ave, home will be on your left. Look for sign.
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