1512 Kraft Avenue, Panama City, FL 32405

New Listing
$529,000
Property Type: Residential Bedrooms: 8 Baths: 10 Square Footage: 4,104 Lot Size (sq. ft.): 20,909 Status: Active
Current Price: $529,000 List Date: 6/15/2026 Last Modified: 6/15/2026

Overview

Description

Turn key quadplex in a great central location convenient to Highway 98. Property boasts a new metal roof after Hurricane Michael and an excellent rental history. Owner responsibilities are limited with each unit being separately metered for water and electric with residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a cash flow machine!

Listing Details MLS# 791362

Contract Info

List Price/SqFt
128.9

Location

Area
02 – Bay County – Central
Street #
1512
Street Name
Kraft
Street Suffix
Avenue
State
FL
Zip Code
32405
County
Bay
Sub Area
0201 – Bay – Central NE
Subdivision
No Named Subdivision
Community/Resort
None
Waterfront
No
Parcel ID
14861-030-000
Elementary School
Cedar Grove
Middle School
Rutherford Middle
High School
Rutherford
Directions
Traveling west on Highway 98 turn right on Kraft Ave, property is on the right.
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

General Property Info

Sub-Type
Quadplex Multi-Units
Design
N/A
Apx SqFt(Htd/Cooled)
4104
SqFt Source
Prop App Site
Full Baths
6
Half Baths
4
Total Baths
10
Year Built
1985
Construction Status
Construction Complete
New Construction
No
Garage Y/N
No
Lot Dimensions
112.0 ft x 92.0 ft
Acreage
0.23
Lot Size (SqFt)
20909
Pool
No

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Tax Year
2025
Brokerage Interest
Equitable Interest – Listing Broker/Salesperson has equitable interest in the property.

Remarks & Misc

Remarks
Turn key quadplex in a great central location convenient to Highway 98. Property boasts a new metal roof after Hurricane Michael and an excellent rental history. Owner responsibilities are limited with each unit being separately metered for water and electric with residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a cash flow machine!

Financing

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

More Information

Furnished

Unfurnished
Yes

Rooms

Bedroom
Yes

Utilities

Electricity – Connected
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes
Other – See Remarks
Yes

Bedroom

Second
Yes

Property Features

Bedroom: Second Financing: Cash; Conventional; FHA; VA Furnished: Unfurnished Rooms: Bedroom Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected; Other – See Remarks

Room Information

Room Name Level Dimensions Length Width
Bedroom Second 12 x 11 12.00 11.00
Bedroom Second 12 x 11 12.00 11.00
Bedroom Second 12 x 11 12.00 11.00
Bedroom Second 12 x 11 12.00 11.00
Bedroom Second 11 x 11 11.00 11.00
Bedroom Second 11 x 11 11.00 11.00
Bedroom Second 11 x 11 11.00 11.00
Bedroom Second 11 x 11 11.00 11.00
Listing Office: CENTURY 21 Commander Realty
Last Updated: June – 15 – 2026
Information deemed reliable but not guaranteed.