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5138 Lance Street, Panama City, FL 32404

Panama City
Local realty services provided by:CENTURY 21 Ryan Realty
5138 Lance Street,Panama City, FL 32404
$425,000
  • 6 Beds
  • 6 Baths
  • 2,916 sq. ft.
  • Multi-family
  • Active
Listed by:
Office: century 21 commander realty
MLS#:796036
Source:FL_BCMLS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$145.75

About this home

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...

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Home facts

  • Year built:1984
  • Subdivision & Development:Wh Parker
  • Listing ID #:796036
  • Added:2 day(s) ago
  • Updated:October 02, 2026 at 02:48 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:3
  • Half bathrooms:3
  • Rooms Total:8
  • Flooring:Plank, Vinyl
  • Kitchen Description:Electric Oven, Electric Range, Electric Water Heater
  • Living area:2,916 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1984
  • Building area:2,916 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Stucco, Wood Siding
  • Exterior Features:Porch
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Rutherford
  • Middle school:Rutherford Middle
  • Elementary school:Parker

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$145.75
  • Tax amount:$3,649 (2025)

Features and amenities

  • Amenities:ElectricOven, ElectricRange, ElectricWaterHeater
The information being provided by Central Panhandle Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Central Panhandle Association Of REALTORS®. CENTURY 21 Ryan Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Ryan Realty, a broker participant of Central Panhandle Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Central Panhandle Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Central Panhandle Association Of REALTORS®. All rights reserved.

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