1623 N James Avenue, Panama City, FL 32405

New Listing
$1,797,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 11,664 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $1,797,000 List Date: 9/02/2026 Last Modified: 9/02/2026

Overview

Description

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.

Listing Details MLS# 794913

Contract Info

List Price/SqFt
154.06

Location

Area
02 – Bay County – Central
Street #
1623
Street Direction
N
Street Name
James
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
14834-050-000
Elementary School
Cedar Grove
Middle School
Rutherford Middle
High School
Rutherford
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.
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

General Property Info

Sub-Type
Multi Family
Design
N/A
Apx SqFt(Htd/Cooled)
11664
SqFt Source
Prop App Site
Full Baths
Yes
Half Baths
Yes
Total Baths
2
# of Stories in Building
2
# of Units in Bldg
4
Accessory Dwelling Unit
No
Year Built
1983
Construction Status
Construction Complete
New Construction
No
Garage Y/N
No
Lot Dimensions
80.0 ft x 83.0 ft
Acreage
0.15
Lot Size (SqFt)
6534
Pool
No

Listing Info, Tax and Legal

Homestead
No
HOA Fee
No
Is Subject Leased
Yes
Rent/Mo
1350
New Buyer Fee
No
Last Taxes
4175.82
Last Tax Year
2025
Brokerage Interest
No Interest
As Is
Yes
Section
35
Township
3S
Range
14W

Remarks & Misc

Remarks
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.

Appliances

Cooktop – Electric
Yes
Dishwasher
Yes
Oven – Electric
Yes
Refrigerator
Yes

More Information

Interior Features

Floor – Vinyl Plank
Yes
Stairs
Yes

Construction/Siding

Siding – Wood
Yes

Existing Leases

1 or More Years
Yes

Exterior

Porch Open
Yes

Financing

Cash
Yes
Conventional
Yes

Furnished

Unfurnished
Yes

Lot Features

Corner Lot
Yes

Lot Access

City Street
Yes
Paved Road
Yes

Parking Features

Assigned
Yes
Driveway
Yes

Present Zoning

Resid Multi-Family
Yes

Rooms

Bedroom
Yes

Utilities

Electricity – Connected
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes

Sale Type

As Is
Yes

Bedroom

First
Yes

Cooling

Central Air
Yes

Heating

Electric
Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Oven – Electric; Refrigerator Bedroom: First Cooling: Central Air Heating: Electric Existing Leases: 1 or More Years Exterior: Porch Open Financing: Cash; Conventional Furnished: Unfurnished Lot Features: Corner Lot Lot Access: City Street; Paved Road Parking Features: Assigned; Driveway Rooms: Bedroom Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Multi-Family

Room Information

Room Name Level Dimensions Length Width
Bedroom First 10 x 10 10.00 10.00
Bedroom First 10 x 10 10.00 10.00
Listing Office: CENTURY 21 Commander Realty
Last Updated: September – 02 – 2026
Information deemed reliable but not guaranteed.