About This Home

This 4-bedroom, 4-bathroom multi-family at 209 Sherman Avenue in Panama City, FL is listed for $250,000 ($130 per sqft). Built in 1947, the home offers 1,920 sqft of living space on a N/A lot.

Key Features

  • Built in 1947

Property Details

4 full
1947

Amenities

A/C
Listing Description

INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered.

Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location.

Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

209 Sherman Avenue

Panama City, FL 32401

No Recored Sub

Property Details

Flooring

Tile

Construction

Block

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 209 Sherman Avenue is listed at $250,000 ($130/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1947.

This property is listed by Bubba McCants.

BM

Bubba McCants

License 3062634

Agent at EXP REALTY LLC

Listed by EXP REALTY LLC · Broker phone: (888) 883-8509 · View on Broker Site

MLS# 1012259· Source: Emerald Coast Association of Realtors· 42 days on PropertySimple

Copyright © 2026 Emerald Coast 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.

209 Sherman Avenue, Panama City, FL 32401

Open this listing in: