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$285,000
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Property Description
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' This was a multi-offer situation. Highest and best was called. This well-maintained triplex presents a compelling investment opportunity in Panama City, FL, just 12 minutes from Tyndall Air Force Base and approximately 15 minutes to downtown Panama City. The property features three well-designed units, each offering functional layouts and comfortable living spaces that continue to support strong rental demand in the area. With current income generation already in place, end units are producing $900 and middle unit is producing $875 per month, delivering immediate cash flow from day one. This established performance provides investors with a stable, income-producing asset in a market that continues to show resilience and growth. Strategically positioned near key employment centers, including Tyndall AFB and downtown Panama City, the property benefits from it's solid construction and proven rental history making it an ideal addition for investors seeking both dependable cash flow and long-term appreciation. Whether expanding an existing portfolio or entering the multifamily space, this triplex offers a rare combination of current income, strategic location, and future upside in one of Northwest Florida's steadily growing markets.
Full Property Details
Full Property Details for 6521 Chipewa St #A, B, C
General
- Sold For: $285,000
- Taxes: $2,404 (2025)
- Status: Closed
- Type: Triplex
- Source: Bay_County
- MLS ID: 788557
- Added to Site: 48 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Exterior
- Porch/Patio/Deck: Covered, Porch
Parking
- Parking Features: Parking Lot
Location
- County: Bay
- Subdivision: Callaway
- Driving Directions: Heading South on Tyndall Pkwy, Turn East on Cherry Street, Right on Comet Ave, Left on Chipewa Street. Triplex is on the left.
School Information
- Elementary School: Callaway
- 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: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Construction: Brick
- Roof: Metal
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1977
Lot Features
- Lot Dimensions: 75 x 172
- Lot Features: Paved
Financial Considerations
- Tax Amount: $2,404
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: CALLAWAY PLAT 132B1 LOTS 23 & 24 BLK 27 ORB 4415 P 2185
- Property ID: 06837-040-000
Listed by Beachy Beach Real Estate
Sold by Non-Member Office
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Schools
Schools serving 6521 Chipewa St #A, B, C
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Callaway Elementary School 7115 E Highway 22, Panama City, FL 32404 | K-5 | 0.8 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.7 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 6521 Chipewa St #A, B, C
Date
Details
Price
Change
Source
5/22/2026
Sold
$285,000
1.79%
MLS
4/18/2026
Listed
$280,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6521 Chipewa Street #A, B, C, Panama City, FL 32404 (MLS# 788557) is a Triplex property that was sold at $285,000 on May 22, 2026. Want to learn more about 6521 Chipewa Street #A, B, C? 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.

