5138 Lance Street Panama City, FL 32404
Listing Courtesy of: CENTRAL PANHANDLE / Listed By: Kelli Garrett, Century 21 Commander Realty, Inc.

  5138 Lance Street Panama City, FL 32404

Active (0 Days)
$425,000 (USD)
6
BED
6
BATH
2,916
SQFT

Description

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

MLS #:
796036
Taxes
$3,649(2025)
Lot Size
7,380 SQFT
Type
Multifamily
Year Built
1984
County
Bay County
Community
Wh Parker

Listed By

Kelli Garrett, Century 21 Commander Realty, Inc.
Source
CENTRAL PANHANDLE
Last checked Sep 30 2026 at 5:06 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathrooms: 3
Interior Features
  • Electric Oven
  • Electric Range
  • Electric Water Heater
  • Tub Shower
Subdivision
  • Wh Parker
Lot Information
  • Paved
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Central
  • Ceiling Fan(s)
  • Central Air
Flooring
  • Vinyl
  • Plank
Exterior Features
  • Roof: Shingle
  • Roof: Composition
Utility Information
  • Utilities: Electricity Available
  • Sewer: Public Sewer
School Information
  • Elementary School: Parker
  • Middle School: Rutherford Middle
  • High School: Rutherford
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 Commander Realty, Inc. and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Central Panhandle MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/30/26 10:06