# 116 Springfield Avenue, Panama City, FL 32401

> **TL;DR:** 6bd/6ba residential multi family, $578,000 ($199/sqft), built 1952, 2,907 sqft.
> A/C. Est. $3,092/mo. Listed 156 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $578,000 |
| Price/sqft | $199 |
| Bedrooms | 6 |
| Bathrooms | 6 full |
| Square Feet | 2,907 |
| Year Built | 1952 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 156 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,923 |
| Estimated Insurance | $169 |
| **Total** | **$3,092** |

## Nearby Schools

- **Elementary:** Cherry Street
- **Middle:** Rutherford Middle
- **High:** Rutherford

## Key Amenities

- A/C

## Property Highlights

- Built in 1952
- 0.31 acre lot

## Description

### Agent Description
Serious price improvement. The numbers make great sense, solid ROI. Add to your portfolio today! Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

## Location

- **Address:** 116 Springfield Avenue, Panama City, FL 32401
- **County:** Bay
- **Neighborhood:** No Named Subdivision
- **Coordinates:** 30.146848, -85.618848
- **Google Maps:** https://www.google.com/maps?q=30.146848,-85.618848

## Listing Agent

- **Name:** Heather Fox · **License:** SL3392228
- **Brokerage:** Beachy Beach Real Estate
- **Broker Phone:** (850) 527-5651
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/116-Springfield-Ave_Panama-City_FL_32401_M59910-72706?f=listhub&s=BCARFL&m=790574&c=propsimple)

## Photos

![116 Springfield Avenue - Photo 1](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1916011001r.jpg)

![116 Springfield Avenue - Photo 2](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f494387650r.jpg)

![116 Springfield Avenue - Photo 3](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2652139981r.jpg)

![116 Springfield Avenue - Photo 4](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f189243634r.jpg)

![116 Springfield Avenue - Photo 5](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2497135954r.jpg)

![116 Springfield Avenue - Photo 6](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1811754904r.jpg)

![116 Springfield Avenue - Photo 7](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f177392002r.jpg)

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![116 Springfield Avenue - Photo 9](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f923677686r.jpg)

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![116 Springfield Avenue - Photo 13](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2799789717r.jpg)

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![116 Springfield Avenue - Photo 33](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1101673346r.jpg)

![116 Springfield Avenue - Photo 34](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f744086313r.jpg)

![116 Springfield Avenue - Photo 35](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1339594089r.jpg)

![116 Springfield Avenue - Photo 36](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2847032027r.jpg)

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![116 Springfield Avenue - Photo 38](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2164613813r.jpg)

![116 Springfield Avenue - Photo 39](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2398941178r.jpg)

![116 Springfield Avenue - Photo 40](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f3515156275r.jpg)

![116 Springfield Avenue - Photo 41](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f3242539580r.jpg)

![116 Springfield Avenue - Photo 42](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1044628182r.jpg)

![116 Springfield Avenue - Photo 43](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f973176803r.jpg)

![116 Springfield Avenue - Photo 44](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1504573122r.jpg)

![116 Springfield Avenue - Photo 45](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1586139309r.jpg)

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![116 Springfield Avenue - Photo 47](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1483249139r.jpg)

![116 Springfield Avenue - Photo 48](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f4099610211r.jpg)

![116 Springfield Avenue - Photo 49](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f3835836484r.jpg)

![116 Springfield Avenue - Photo 50](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1748221538r.jpg)

![116 Springfield Avenue - Photo 51](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f3323475492r.jpg)

![116 Springfield Avenue - Photo 52](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f207395412r.jpg)

![116 Springfield Avenue - Photo 53](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1588932525r.jpg)

![116 Springfield Avenue - Photo 54](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f3609797316r.jpg)

![116 Springfield Avenue - Photo 55](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1097200990r.jpg)

![116 Springfield Avenue - Photo 56](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1605200027r.jpg)

![116 Springfield Avenue - Photo 57](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f2738650443r.jpg)

![116 Springfield Avenue - Photo 58](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f790089101r.jpg)

![116 Springfield Avenue - Photo 59](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1236139609r.jpg)

![116 Springfield Avenue - Photo 60](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1190633469r.jpg)

![116 Springfield Avenue - Photo 61](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f767119054r.jpg)

![116 Springfield Avenue - Photo 62](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1525578060r.jpg)

![116 Springfield Avenue - Photo 63](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f414121268r.jpg)

![116 Springfield Avenue - Photo 64](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1704268970r.jpg)

![116 Springfield Avenue - Photo 65](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f228541267r.jpg)

---

**MLS#:** 790574 | **Updated:** 2026-10-25
**Source:** listhub

*Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/116-springfield-avenue-panama-city-fl-32401-ef62ace298414e88b85adae173bc59a5)

---

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