Duplex Investment Opportunity - Prime Panama City LocationExceptional rental investment featuring two concrete block homes situated on a spacious corner lot in the heart of Panama City. Both homes have been fully remodeled and feature newer metal roofs, offering low-maintenance durability. Whether you're an investor looking for immediate rental income or a buyer seeking long-term value, this property presents a solid opportunity. Unit 1521: 1 bedroom, 1 bathroom -- currently rented at $1,350/month annually contract into 7-1-25 Unit 1523: 2 bedrooms, 1 bathroom -- available for rent at $1,550/month
Sold for $207,000 on 07/02/25
$207,000
1521 Louisiana Ave, Panama City, FL 32405
3beds
1,320sqft
Single Family Residence
Built in 1945
0.32 Acres Lot
$208,200 Zestimate®
$157/sqft
$2,020 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 03, 2025 at 03:33am
Listed by:
Dina R Mendes 850-376-8145,
Destin Real Estate
Bought with:
Outside Selling Member
ECN - Unknown Office
Source: ECAOR,MLS#: 972442
Originating MLS: Emerald Coast
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Cooling
- AC - 2 or More
Features
- Bedroom, Kitchen, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,320
- Total interior livable area: 1,320 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 0.32 Acres
- Dimensions: 100' x 140'
- Features: Corner Lot
Details
- Parcel number: 14578000000
- Zoning description: City
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Block
- Roof: Metal
Condition
- Construction Complete
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Connected, Propane
Community & neighborhood
Location
- Region: Panama City
- Subdivision: Coastal Lands 2nd Add
HOA & financial
Other financial information
- Total actual rent: 1400
Other
Other facts
- Listing terms: Conventional,FHA,None,VA Loan
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$208,200
2% more+$4,164
With Zillow Showcase(estimated)$212,364