7308 Kingman Street, Panama City Beach, FL 32408 (MLS# 796884)

Acreage: 0.46

Design: N/A

Lot Size (SqFt): 20038

Apx SqFt(Htd/Cooled): 4464

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 4

Accessory Dwelling Unit: No

Lot Dimensions: 214x482

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Quadplex Multi-Units

Bedrooms: 8

Full Baths: 4

Total Baths: 8

Year Built: 1983

List Price/SqFt: 173.61

Status: Active

List Date: 2026-10-22

List Price: $775,000

Current Price: $775,000

Sub Area: 0319 - Beach - East

Community/Resort: None

Waterfront: No

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: Traveling south on Thomas Drive, right on Laird St, right on Kingman St, property is on the right.

Area: 03 - Bay County - Beach

Street #: 7308

Street Name: Kingman

Street Suffix: Street

State: FL

Zip Code: 32408

County: Bay

Subdivision: Thomas Drive Park U-5

Parcel ID: 27921-681-000

Legal Description: THOMAS DRIVE PARK UNIT 5 LOT 27 BLK D LESS PCLS (27.1) MAP 57D ORB 4451 P 711

HOA Fee: No

New Buyer Fee: No

Last Taxes: 7253

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS... an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

Microwave: 1

Refrigerator: 1

Roof - Composite Shngl: 1

Siding - Stucco: 1

Balcony: 1

Cash: 1

Conventional: 1

VA: 1

Unfurnished: 1

Near Beach Access: 1

Near Public Boat Ramp: 1

Within 1/2 Mile to Water: 1

Resid Multi-Family: 1

Bedroom: 1

Primary Bedroom: 1

ShowingTime: 1

Electricity - Connected: 1

Public Water - Connected: 1

Septic Tank: 1

As Is: 1

Second: 1

Second: 1

Central Air: 1

Central: 1