5138 Lance Street, Panama City, FL 32404 (MLS# 796036)

Acreage: 0.17

Design: N/A

Lot Size (SqFt): 7380

Apx SqFt(Htd/Cooled): 2916

Immediate Occupancy: No

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 3

# of Stories in Building: 2

Accessory Dwelling Unit: No

Lot Dimensions: 82x90

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Triplex Multi-Units

Bedrooms: 6

Full Baths: 3

Total Baths: 6

Year Built: 1984

List Price/SqFt: 145.75

Status: Active

List Date: 2026-09-30

List Price: $425,000

Current Price: $425,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Parker

Middle School: Rutherford Middle

High School: Rutherford

Directions: South on Tyndall Parkway, Right on Lance Street, Property on Left by Walking Park/Pond

Area: 02 - Bay County - Central

Street #: 5138

Street Name: Lance

Street Suffix: Street

State: FL

Zip Code: 32404

County: Bay

Subdivision: Wh Parker

Parcel ID: 25249-220-000

Legal Description: W H PARKER PLAT (3.01) 119A4 BEG 22' S OF NE COR LOT 27 TH CONT S 90' W 82.50' N 90' E 82.50' TO POB AKA PCL #7 ORB 4170 P 1151

Homestead: No

HOA Fee: No

Is Subject Leased: Yes

Rent/Mo: 3240

New Buyer Fee: No

Last Taxes: 3649.1

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: 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 looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

First: 1

First: 1

Dishwasher: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Foundation - Slab on Grade: 1

Roof - Composite Shngl: 1

Siding - Stucco: 1

Siding - Wood: 1

7 - 12 Months: 1

Fenced Back Yard: 1

Fenced Lot-Part: 1

Fenced Privacy: 1

Porch Covered: 1

Unfurnished: 1

First: 1

First: 1

Cleared: 1

Near Public Boat Ramp: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Bedroom: 1

Breakfast Room: 1

Full Bathroom: 1

Half Bathroom: 1

Kitchen: 1

Laundry: 1

Living Room: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Second: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBath Shower/Tub Combo: 1