304 Allen Avenue, Panama City, FL 32401

$499,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,990 Status: Active
Current Price: $499,000 List Date: 3/06/2026 Last Modified: 8/10/2026

Overview

Description

THREE COVE HOUSES for the price of one! Rare chance to live in the main house and rent out the cottages for income or rent all 3 for a cash flow machine! Main home features 3 beds, 2 baths, 1 car garage with updated kitchen, appliances and bathroom. Cottages are each concrete block featuring 1 bed 1 bath. All 3 homes are currently tenant occupied. Homes boast an excellent location in the Cove and offer a modern feel without sacrificing the original charm.

Listing Details MLS# 786389

Contract Info

List Price/SqFt
166.89

Location

Area
02 – Bay County – Central
Street #
304
Street Name
Allen
Street Suffix
Avenue
State
FL
Zip Code
32401
County
Bay
Sub Area
0203 – Bay – Central SW
Subdivision
Sudduths 1st Add
Community/Resort
Bunkers Cove
Waterfront
No
Parcel ID
20638-000-000
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Directions
South on Cove Blvd, right on 3rd St, right on Allen Ave, home is on the right.
Legal Description
SUDDUTHS 1ST ADD LOTS 7,8 BLK 20A ORB 3626 P 1264 MAP 105C2

General Property Info

Sub-Type
Triplex Multi-Units
Design
N/A
Apx SqFt(Htd/Cooled)
2990
SqFt Source
Prop App Site
Full Baths
4
Total Baths
4
Year Built
1953
Construction Status
Construction Complete
New Construction
No
Garage Y/N
Yes
Garage Spaces
Yes
Lot Dimensions
110 x 140
Pool
No

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Taxes
2065
Last Tax Year
2025
Brokerage Interest
No Interest

Remarks & Misc

Remarks
THREE COVE HOUSES for the price of one! Rare chance to live in the main house and rent out the cottages for income or rent all 3 for a cash flow machine! Main home features 3 beds, 2 baths, 1 car garage with updated kitchen, appliances and bathroom. Cottages are each concrete block featuring 1 bed 1 bath. All 3 homes are currently tenant occupied. Homes boast an excellent location in the Cove and offer a modern feel without sacrificing the original charm.

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

Bedroom

First
Yes

Property Features

Bedroom: First Financing: Cash; Conventional; FHA; VA Furnished: Unfurnished Rooms: Bedroom Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected

Room Information

Room Name Level Dimensions Length Width
Bedroom First 18 x 12 18.00 12.00
Bedroom First 14 x 11 14.00 11.00
Bedroom First 14 x 10 14.00 10.00
Bedroom First 10 x 10 10.00 10.00
Bedroom First 10 x 10 10.00 10.00
Bedroom First 11 x 10 11.00 10.00
Bedroom First 11 x 10 11.00 10.00
Listing Office: CENTURY 21 Commander Realty
Last Updated: August – 10 – 2026
Information deemed reliable but not guaranteed.