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$1,049,000

  • For Sale
  • Active
  • Commercial Multi-Family
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8 Townhomes (1512 Kraft and 1513 Bob Loftin) 100% occupied in a central location with very little upkeep needed. All units are 2 beds, 1.5 baths approx 973sqft. All units are separately metered for water and electric. Landlord responsibilities are limited to lawn care and maintenance. Flood zone X. Newer metal roofs with limited turnover will make these an excellent addition to your portfolio.

Full Property Details for 1512 Kraft Ave

General

  • Price: $1,049,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Bay_County
  • MLS ID: 778262
  • Updated: 1/7/2026
  • Added to Site: 143 day(s) ago

Location

  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: Traveling east on Highway 98, turn left on Kraft Avenue properties are on the right.

School Information

  • Elementary School: Cedar Grove
  • Middle School: Everitt
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central

Structural Information

  • Year Built: 1985

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,908.8
  • Lot Size: .48

Disclosures and Reports

  • Legal Description: 35 3S 14W-46.11-117C3- BEG 773' E & 213' N OF SW COR TH N112' E 92' S 112' W 92' TO POB. (KRAFT AV) SUBJ TO UTILITY ESMNTS ORB 4513 P 746
  • Property ID: 14861-030-000

Listed by CENTURY 21 Commander Realty

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— 1512 Kraft Ave —

  • CENTURY 21 Commander Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1512 Kraft Ave

School District:Bay County School District
NameGradesDistance
Cedar Grove Elementary School
2826 East 15th Street, Panama City, FL 32405
PK-50.1 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-80.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1512 Kraft Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$1,049,000
-4.55%
MLS
11/12/2025
Price Reduced
$1,099,000
-6.47%
MLS
8/28/2025
Listed
$1,175,000
46.88%
MLS
1/18/2022
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1512 Kraft Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,703
2%
$367,911
4%
2023
$4,591
254%
$353,856
270%
2021
$1,296
-2%
$95,532
-5%
2022
$1,324
2%
$100,780
5%
2021
$1,296
-2%
$96,093
-1%
2019
$1,325
-39%
$97,102
-42%
2018
$2,188
-2%
$166,573
—
2017
$2,234
-3%
$167,400
-1%
2016
$2,310
-7%
$168,776
-5%
2015
$2,489
-1%
$176,766
-1%
2014
$2,518
11%
$179,192
-1%
2013
$2,267
—
$181,613
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by CENTURY 21 Commander Realty

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1512 Kraft Avenue, Panama City, FL 32405 (MLS# 778262) is a Commercial Multi-Family property. 1512 Kraft Avenue is currently listed for $1,049,000 and was received on August 28, 2025. Want to learn more about 1512 Kraft Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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