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$425,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 3 Full Baths
  • 3 Partial Baths
  • Updated 3 days ago
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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!

Full Property Details for 5138 Lance St

General

  • Price: $425,000
  • Taxes: $3,649 (2025)
  • Status: Active
  • Type: Triplex
  • Source: Bay_County
  • MLS ID: 796036
  • Updated: 9/30/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: Tub Shower
  • Appliances: Electric Oven, Electric Range, Electric Water Heater
  • Flooring: Plank, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 3
  • Half Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Porch/Patio/Deck: Covered, Porch

Location

  • County: Bay
  • Subdivision: Wh Parker
  • Driving Directions: South on Tyndall Parkway, Right on Lance Street, Property on Left by Walking Park/Pond

School Information

  • Elementary School: Parker
  • 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, Ceiling Fan(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Construction: Stucco, Wood Siding
  • Roof: Composition, Shingle
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 1984

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,380
  • Lot Size: .17
  • Lot Dimensions: 82 x 90
  • Lot Features: Paved
  • Land Lease Avail: Yes
  • Fencing (Description): Fenced, Partial, Privacy

Financial Considerations

  • Tax Amount: $3,649.1
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: W H PARKER PLAT (3.01) 119A4 BEG 22' S OF NE COR LOT 27 TH CONT S 90' W 82.50' N 90' E 82.50' TO POB AKA PCL #7 ORB 4170 P 1151
  • Property ID: 25249-220-000

Listed by CENTURY 21 Commander Realty

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Listing agent

— 5138 Lance St —

  • 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 5138 Lance St

School District:Bay County School District
NameGradesDistance
Parker Elementary School
640 South Highway 22 A, Panama City, FL 32404
PK-50.3 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-82.5 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 5138 Lance St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2026
Listed
$425,000
95.4%
MLS
8/12/2019
Sold
$217,500
—
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 5138 Lance St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,649
9%
$253,629
1%
2024
$3,333
10%
$251,730
13%
2023
$3,032
59%
$221,904
22%
2021
$1,911
-1%
$181,760
-5%
2022
$1,937
1%
$190,555
6%
2021
$1,911
61%
$179,792
61%
2019
$1,188
-9%
$111,908
-7%
2018
$1,300
-3%
$120,440
-1%
2017
$1,335
-4%
$121,208
-1%
2016
$1,386
-4%
$121,979
-1%
2015
$1,448
—
$122,747
—
2014
$1,453
5%
$123,357
-6%
2013
$1,385
—
$130,591
—
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.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by CENTURY 21 Commander Realty

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5138 Lance Street, Panama City, FL 32404 (MLS# 796036) is a Triplex property with 6 bedrooms, 3 full bathrooms and 3 partial bathrooms. 5138 Lance Street is currently listed for $425,000 and was received on September 30, 2026. Want to learn more about 5138 Lance Street? Do you have questions about finding other Triplex 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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