7308 Kingman Street, Panama City Beach, FL 32408 (MLS# 796884)

7308 Kingman Street, Panama City Beach, FL 32408

New Listing

$775,000

Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 4,464 Lot Size (sq. ft.): 20,038 Status: Active

Current Price: $775,000 List Date: 10/22/2026 Last Modified: 10/25/2026

Overview

Description

Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS… an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Search on YouTube ''7308 Kingman St | $70K Rental Income Fourplex + Extra Land | Panama City Beach FL'' for video tour. Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC sys … (Read more) Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We’re talking about FOUR fully occupied units, long-term tenants who’ve been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here’s the BONUS… an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT’S what I call an investment opportunity! Search on YouTube ”7308 Kingman St | $70K Rental Income Fourplex + Extra Land | Panama City Beach FL” for video tour. Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you’re considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year’s rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

Listing Details MLS# 796884

Contract Info

List Price/SqFt: 173.61

Location

Area: 03 – Bay County – Beach
Street #: 7308
Street Name: Kingman
Street Suffix: Street
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: Thomas Drive Park U-5
Community/Resort: None
Waterfront: No
Parcel ID: 27921-681-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Traveling south on Thomas Drive, right on Laird St, right on Kingman St, property is on the right.
Legal Description: THOMAS DRIVE PARK UNIT 5 LOT 27 BLK D LESS PCLS (27.1) MAP 57D ORB 4451 P 711

General Property Info

Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 4464
SqFt Source: Prop App Site
Full Baths: 4
Half Baths: 4
Total Baths: 8
Accessory Dwelling Unit: No
Year Built: 1983
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 214×482
Acreage: 0.46
Lot Size (SqFt): 20038
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 7253
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS… an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Search on YouTube ''7308 Kingman St | $70K Rental Income Fourplex + Extra Land | Panama City Beach FL'' for video tour. Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

Appliances

Microwave: Yes
Refrigerator: Yes

More Information

Construction/Siding

Roof – Composite Shngl: Yes
Siding – Stucco: Yes

Exterior

Balcony: Yes

Financing

Cash: Yes
Conventional: Yes
VA: Yes

Furnished

Unfurnished: Yes

Lot Features

Near Beach Access: Yes
Near Public Boat Ramp: Yes
Within 1/2 Mile to Water: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes
Primary Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Public Water – Connected: Yes
Septic Tank: Yes

Sale Type

As Is: Yes

Primary Bedroom

Second: Yes

Bedroom

Second: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Property Features

Appliances: Microwave; Refrigerator Primary Bedroom: Second Bedroom: Second Cooling: Central Air Heating: Central Exterior: Balcony Financing: Cash; Conventional; VA Furnished: Unfurnished Lot Features: Near Beach Access; Near Public Boat Ramp; Within 1/2 Mile to Water Rooms: Bedroom; Primary Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Electricity – Connected; Public Water – Connected; Septic Tank Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Primary Bedroom	Second	12 x 12	12.00	12.00
Primary Bedroom	Second	12 x 12	12.00	12.00
Primary Bedroom	Second	12 x 12	12.00	12.00
Primary Bedroom	Second	12 x 12	12.00	12.00
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	12 x 11	12.00	11.00

Listing Office: Dalton Wade Inc

Last Updated: October – 25 – 2026

Information deemed reliable but not guaranteed.