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$1,797,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.15 Acres
  • Updated 6 hours ago
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Investment Opportunity! Turnkey 12-unit townhome community in a prime, centrally located Panama City location with convenient access to major highways. Each unit features 2 bedrooms, 1.5 bathrooms, LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property is divided across three separate parcels, with each unit individually metered for added convenience and straightforward expense management. Each unit also has assigned parking. A great opportunity for investors looking for a well-maintained, income-producing property in a convenient location.

Full Property Details for 1623 N James Ave

General

  • Price: $1,797,000
  • Taxes: $4,175 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Bay_County
  • MLS ID: 794913
  • Updated: Today (9/2/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 2
  • Interior Features: Interior Steps
  • Appliances: Electric Cooktop, Electric Oven

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Exterior

  • Porch/Patio/Deck: Open, Porch

Location

  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: From the intersection of East Ave and Hwy 98, continue east on HWY 98. Turn left on James Ave, property is on the left.

School Information

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

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer

Structural Information

  • Construction: Wood Siding
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 1983

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Lot Size: .15
  • Lot Dimensions: 80.0 ft x 83.0 ft
  • Frontage: City Street
  • Lot Features: Paved
  • Land Lease Avail: Yes
  • Zoning: Resid Multi-Family

Financial Considerations

  • Tax Amount: $4,175.82
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: 35 3S 14W -27.10C- 117C3 COM AT SW COR OF SEC TH E 40' TO E R/W LN OF SR 389 TH NLY ALG LN 1290' TO S R/W LN OF 17TH ST TH E 290.10' TO W R/W LN OF JAMES AVE TH S 85.82' FOR POB TH CONT S 83' W 80' N 83' E 80' TO POB ORB 4048 P 1230
  • Property ID: 14834-050-000

Listed by CENTURY 21 Commander Realty

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Listing agent

— 1623 N James Ave —

  • CENTURY 21 Commander Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1623 N James Ave

School District:Bay County School District
NameGradesDistance
Cedar Grove Elementary School
2826 East 15th Street, Panama City, FL 32405
PK-50.3 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-81 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1623 N James Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/02/2026
Listed
$1,797,000
259.4%
MLS
9/17/2025
Sold
$500,000
—
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 1623 N James Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,821
—
$315,448
2%
2024
$3,821
5%
$309,346
4%
2023
$3,625
22%
$297,191
16%
2021
$2,967
-3%
$257,307
-4%
2022
$3,070
3%
$268,440
37%
2021
$2,967
17%
$195,868
-1%
2019
$2,544
30%
$198,752
34%
2018
$1,959
16%
$147,834
—
2017
$1,691
9%
$148,518
1%
2016
$1,558
-4%
$147,003
—
2015
$1,620
-1%
$147,727
-1%
2014
$1,633
-15%
$148,831
-1%
2013
$1,913
—
$151,038
—
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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NMLS#: 1598647

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Listed by CENTURY 21 Commander Realty

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1623 N James Avenue, Panama City, FL 32405 (MLS# 794913) is a Multi-Family property with 4 units containing 2 bedrooms, 1 full bathroom and 1 partial bathroom. 1623 N James Avenue is currently listed for $1,797,000 and was received on September 02, 2026. Want to learn more about 1623 N James Avenue? Do you have questions about finding other 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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