1908 Laurel Avenue, Panama City, FL 32405 (MLS# 786074)

1908 Laurel Avenue, Panama City, FL 32405

$499,000

Property Type: Residential Bedrooms: 7 Baths: 4 Square Footage: 3,006 Status: Active

Current Price: $499,000 List Date: 3/01/2026 Last Modified: 6/19/2026

Overview

Description

Quadplex First Floor, 3 Bedroom 2 Bath with Kitchen & Living Room. Second Floor, with private entrance. 2 Each, 2 Bedroom 1 Bath units with Kitchen & Living Room. Best use owners occupy First Floor, Rent/Lease out Second Floor units, per month. All units separately metered both Power and PC Water/Septic. Great way to offset Mortgage. Rent out second floor Pro forma at $1600.00 each per month. Tenants pay their own power and PC utilities. Currently used as a strong investment, Multifamily First floor, with private bedrooms, shared amenities kitchen and 2 baths. Second floor, 2 units with private bedrooms 1 bath, shared amenities kitchen and bath. Rent varies from $175.00 to $225.00 per week per bedroom. January 2026 gross income $6225.00, with 22% vacancy. Current annual Expenses, Taxes $4124.00, Insurance $4000.00, PC utilities $16,000.00. Dimensions and Measurements not verified, Buyer to measure to own satisfaction. All measurements are approximate. All information in this listi … (Read more)

Listing Details MLS# 786074

Contract Info

List Price/SqFt: 166

Location

Area: 02 – Bay County – Central
Street #: 1908
Street Name: Laurel
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Drummond & Ware Add
Community/Resort: None
Waterfront: No
Parcel ID: 28041-000-000
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: From the Hathaway Bridge take Hwy 98 east approx. 1 mile, left on Mound Ave, one block to right on 19th street one block, left on Laurel Ave property on right.
Legal Description: DRUMMOND & WARE ADD LOT 14 & S 15' LOT 15 & W1/2 OF VACATED ALLEY LYING ADJACENT TO PCLS BLK 28 ORB 4137 P 1091

General Property Info

Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 3006
SqFt Source: Prop App Site
Full Baths: 4
Total Baths: 4
# of Stories in Building: 2
Year Built: 1996
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Driveway Spaces: 10
Lot Dimensions: 81 x 132
Pool: No

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 4124
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Quadplex First Floor, 3 Bedroom 2 Bath with Kitchen & Living Room. Second Floor, with private entrance. 2 Each, 2 Bedroom 1 Bath units with Kitchen & Living Room. Best use owners occupy First Floor, Rent/Lease out Second Floor units, per month. All units separately metered both Power and PC Water/Septic. Great way to offset Mortgage. Rent out second floor Pro forma at $1600.00 each per month. Tenants pay their own power and PC utilities. Currently used as a strong investment, Multifamily First floor, with private bedrooms, shared amenities kitchen and 2 baths. Second floor, 2 units with private bedrooms 1 bath, shared amenities kitchen and bath. Rent varies from $175.00 to $225.00 per week per bedroom. January 2026 gross income $6225.00, with 22% vacancy. Current annual Expenses, Taxes $4124.00, Insurance $4000.00, PC utilities $16,000.00. Dimensions and Measurements not verified, Buyer to measure to own satisfaction. All measurements are approximate. All information in this listing is believed to be accurate but must be verified by Buyer or Buyer's agent.

Appliances

Dishwasher: Yes
Range – Electric: Yes
Water Heater – Electric: Yes

More Information

Construction/Siding

Roof – Composite Shngl: Yes
Siding – Vinyl: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Lot Access

City Street: Yes

Parking Features

Parking Lot: Yes

Present Zoning

Resid Multi-Family: Yes
Other – See Remarks: Yes

Rooms

Bedroom: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Property Features

Appliances: Dishwasher; Range – Electric; Water Heater – Electric Bedroom: First; Second Cooling: Central Air; Electric Heating: Central; Electric Financing: Cash; Conventional Furnished: Unfurnished Lot Access: City Street Parking Features: Parking Lot Rooms: Bedroom Sale Type: As Is Utilities: TV Cable; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Multi-Family; Other – See Remarks

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	10 x 10	10.00	10.00
Bedroom	Second	9 x 10	9.00	10.00
Bedroom	First	12 x 14	12.00	14.00
Bedroom	First	9 x 10	9.00	10.00
Bedroom	Second	9 x 10	9.00	10.00
Bedroom	Second	9 x 10	9.00	10.00
Bedroom	Second	9 x 12	9.00	12.00

Listing Office: JONES REAL ESTATE AND RENTALS LLC

Last Updated: June – 19 – 2026

Information deemed reliable but not guaranteed.