About This Home

This 4-bedroom, 3-bathroom multi-family at 339 Mercedes Avenue in Panama City, FL is listed for $499,000 ($203 per sqft). Built in 1984, the home offers 2,461 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1984
  • 0.17 acre lot

Property Details

3 full
1984

Amenities

A/C
Listing Description

**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.

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

339 Mercedes Avenue

Panama City, FL 32401

Sudduths 4th Add

Features & Amenities

Interior Features

TubShower

Exterior Features

Patio

Property Details

Flooring

PlankVinyl

Construction

Stucco WoodFrame

Outdoor Features

Patio

Parking

Garage

Heating

Central

Cooling

Central AirCeiling Fan(s)

Appliances

ElectricOvenElectricRangeElectricWaterHeater

Questions & Answers

This 4-bedroom, 3-bathroom multi-family at 339 Mercedes Avenue is listed at $499,000 ($203/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 0.17 acre lot. Interior Features: TubShower. Exterior Features: Patio.

This property is listed by SunCoast Home Group.

SG

SunCoast Home Group

Agent at Counts Real Estate Group Inc

Listed by Counts Real Estate Group Inc · Broker phone: (850) 249-3615 · View on Broker Site · Broker website

MLS# 796225· Source: Central Panhandle Association of REALTORS· 33 days on PropertySimple

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.

339 Mercedes Avenue, Panama City, FL 32401

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