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339 Mercedes Avenue
Panama City, FL 32401

$499,000 - Status: Active
Bed Icon Beds: 4
Bath Icon Baths: 3 full
Sq Feet Icon SQFT (H&C): 2,461
MLS Icon MLS# 796225

**Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!** Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City. This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an established furnished rental setup. Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests. One of the standout features is the view of Massalina Bayou, giving this investment property a unique coastal Panama City setting while keeping you close to everything. Located near Downtown Panama City, shopping, dining, Ascension Sacred Heart Bay, and Tyndall Air Force Base, with Panama City Beach and the beautiful Gulf Coast beaches just a short drive away. Whether you're searching for a duplex for sale in Panama City, FL, an income-producing property, a furnished investment property, or a home where you can live in one unit and rent the other, 339 Mercedes Avenue offers flexibility, location, and investment potential all in one property. Live in one. Rent the other. Rent them both. The possibilities are yours at 339 Mercedes Avenue.

Property Features

MLS#: 796225
Zip: 32401
Subdivision: Sudduths 4th Add
Development: 0203 - Bay - Central Sw
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Days on Site: 28
Fenced: Yes
Heating: Central
Home Style: Duplex
Lot Size: 0.17 acres
Roof Type: Composition, Shingle
Taxes: $5,766
Year Built: 1984
SQFT (H&C): 2,461

Feature Descriptions

Appliances: Electric Oven, Electric Range, Electric Water Heater
Community Features: Short Term Rental Allowed
Exterior: Stucco, Wood Frame
Exterior Features: Patio
Fencing: Full, Fenced
Flooring: Plank, Vinyl
Interior Features: Tub Shower
Lot Description: Paved
Lot Dimensions: 50.0 ft x 150.0 ft
Parcel#: 21232-010-000
Parking: No Garage
Parking Notes: No Garage
Patio/Porch: Balcony, Patio
Security: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Bayou

Room Sizes

Bedroom: 10 X 10 Level - Second
Bedroom: 10 X 10 Level - Second
Bedroom: 10 X 10 Level - Second
Bedroom: 10 X 10 Level - Second

Local Schools

High School: Bay
Middle School: Jinks
Elementary School: Cherry Street

339 Mercedes Avenue | MLS# 796225

This multi-family property located at 339 Mercedes Avenue, Panama City, FL 32401 is currently listed for sale with an asking price of $499,000. Search Panama City real estate on www.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Counts Real Estate Group Inc

Shown By

Agency Title: Beachy Beach Real Estate
Agency Phone: 850-233-4351

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