339 Mercedes Avenue, Panama City, FL 32401 (MLS# 796225)

Acreage: 0.17

Design: Duplex

Lot Size (SqFt): 7405

Apx SqFt(Htd/Cooled): 2461

Construction Status: Construction Complete

SqFt Source: Prop App Site

Accessory Dwelling Unit: No

Lot Dimensions: 50.0 ft x 150.0 ft

New Construction: No

Garage Y/N: No

Driveway Spaces: 4

Pool: No

Sub-Type: Duplex Multi-Units

Bedrooms: 4

Full Baths: 3

Total Baths: 3

Year Built: 1984

List Price/SqFt: 202.76

Status: Active

List Date: 2026-09-30

List Price: $499,000

Current Price: $499,000

Sub Area: 0203 - Bay - Central SW

Community/Resort: Bunkers Cove

Waterfront: No

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: Take 77 South to N Cove Blvd. Turn Left on 4th Street. Turn Right on Mercedes Ave. Duplex is on Right.

Area: 02 - Bay County - Central

Street #: 339

Street Name: Mercedes

Street Suffix: Avenue

State: FL

Zip Code: 32401

County: Bay

Subdivision: Sudduths 4th Add

Parcel ID: 21232-010-000

Legal Description: SUDDUTH'S 4TH ADD S 24' OF N 45' OF LOT 22 & S 5' OF LOT 23 & N 21' OF LOT 22 BLK 60 ORB 4601 P 470

HOA Fee: No

New Buyer Fee: No

Last Taxes: 5766.34

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: **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.

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Split Bedroom: 1

Window - Treatment All: 1

Foundation - Slab on Grade: 1

Wood/Frame: 1

Roof - Composite Shngl: 1

Siding - Stucco: 1

Balcony: 1

Fenced Lot-All: 1

Patio Open: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

Near Public Boat Ramp: 1

City Street: 1

Paved Road: 1

Driveway: 1

No Garage: 1

Resid Multi-Family: 1

Bedroom: 1

ShowingTime: 1

Cable - Available: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Bayou: 1

As Is: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Central: 1

MBath Shower/Tub Combo: 1

Smoke Detector(s): 1