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$496,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 4 Full Baths
  • Updated 11 hours ago
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Investment Opportunity in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: "¢ Unit 1: 2 bedrooms, 1 bath "¢ Unit 2: 1 bedroom, 1 bath "¢ Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

Full Property Details for 803 Oak Ave

General

  • Price: $496,000
  • Status: Active
  • Type: Triplex
  • Source: Bay_County
  • MLS ID: 787848
  • Updated: Today (4/3/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 10
  • Appliances: Electric Range, Tankless Water Heater
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Patio
  • Porch/Patio/Deck: Covered, Patio

Location

  • County: Bay
  • Subdivision: Gulf Coast Dev Co Plat
  • Driving Directions: South on Jenks Ave, Right on 8th Street, this property is located on the corner of Oak and 8th St. Enter house from 8th Street not Oak

School Information

  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

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

Utilities

  • Utility Description: Electricity Available, Sewer Available

Structural Information

  • Architectural Style: Triplex
  • Structure Type: Triplex
  • Construction: Brick
  • Roof: Composition, Shingle
  • Stories/Levels: 1
  • Sq. Ft. Source: Appraiser
  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 15,987
  • Lot Size: .37
  • Lot Dimensions: 100 x 160
  • Frontage: City Street
  • Lot Features: Paved
  • Land Lease Avail: Yes
  • Fencing (Description): Partial

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447
  • Property ID: 19998-010-000

Listed by Local Insight Realty

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Listing agents

— 803 Oak Ave —

  • Local Insight Realty

  • Local Insight 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 803 Oak Ave

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-51.6 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-80.5 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-120.6 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 803 Oak Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$496,000
191.76%
MLS
4/12/2022
Sold
$170,000
—
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 803 Oak Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,101
-1%
$237,366
8%
2024
$3,137
14%
$220,023
47%
2023
$2,740
88%
$149,687
33%
2021
$1,454
-3%
$112,931
-3%
2022
$1,497
3%
$116,548
6%
2021
$1,454
29%
$109,698
-1%
2019
$1,128
-25%
$110,608
-20%
2018
$1,502
—
$139,118
—
2017
$1,500
-2%
$139,512
—
2016
$1,526
-3%
$138,967
—
2015
$1,574
—
$138,846
-1%
2014
$1,576
6%
$139,755
-1%
2013
$1,481
—
$140,664
—
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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Listed by Local Insight Realty

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803 Oak Avenue, Panama City, FL 32401 (MLS# 787848) is a Triplex property with 6 bedrooms and 4 full bathrooms. 803 Oak Avenue is currently listed for $496,000 and was received on April 03, 2026. Want to learn more about 803 Oak Avenue? 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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