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$425,000

5138 Lance St

Panama City, FL
Active
6
Bedrooms
4.5
Bathrooms
2,916
Square Feet
0.17
Lot Size (acres)
1984
Year Built
4
Days On Market

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!

Listing Information

Listing Updated
3 days ago
Listed By
Kelli White Garrett, 8508196423 · CENTURY 21 Commander Realty, 8507698326
MLS#
796036
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
5138 Lance St, Panama City, FL 32404
City
Panama City
County
Bay
Neighborhood
Wh Parker
Zip Code
32404

Architecture

Bedrooms
6
Bathrooms
4.5
Stories
2
Year Built
1984
Construction Materials
Wood Siding, Stucco
Building Area
2,916 sq. ft.
Foundation
Slab
Roof
Composition, Shingle
Levels
Two
Garage Spaces
0

Features & Amenities

Appliances
Electric Range, Electric Water Heater, Electric Oven
Flooring
Vinyl
Patio and Porch
Covered, Porch
Cooling
Ceiling Fan(s), Central Air
Heating
Electric, Central

Property Features

Lot Size
0.17 Acres
Lot Features
Paved
Sewer
Public Sewer
Utilities
Electricity Available

Square Footage

Total
2,916 sq. ft.

Tax & Financial Information

List Price
$425,000
Annual Taxes
$3,649

Schools

81/100
Amikids Maritime Academy
High · Grades 09–12 · 4.1 mi
City
Panama City
Students
26
Student–teacher
5.2
Parent reviews
5.0★ avg · 2 reviews
Student body
62% White · 19% Hispanic / Latino · 19% Two or More Races
Free/reduced lunch
23%
Phone
(850) 919-2213
72/100
Springfield Elementary School
Grades M–M · 2 mi
City
Panama City
Students
409
Student–teacher
12.3
Student body
44% Black · 32% White · 15% Hispanic / Latino
Free/reduced lunch
75%
Phone
(850) 767-4575
70/100
Oscar Patterson Academy
Elementary · Grades PK–04 · 3.4 mi
City
Panama City
Students
394
Student–teacher
15.1
Student body
46% Black · 24% White · 22% Hispanic / Latino
Free/reduced lunch
71%
Phone
(850) 767-1610
64/100
Oscar Patterson Elementary Magnet
Grades M–M · 3.4 mi
City
Panama City
Students
367
Parent reviews
1.0★ avg · 2 reviews
Student body
50% Black · 37% White · 7% Hispanic / Latino
Free/reduced lunch
92%
Phone
(850) 767-4675
62/100
C C Washington Academy
Grades M–M · 3.5 mi
City
Panama City
Students
103
Student body
45% White · 43% Black · 8% Hispanic / Latino
Free/reduced lunch
97%
Phone
(850) 767-5576
54/100
Margaret K. Lewis In Millville
7th & Above · Grades PK–12 · 2.1 mi
City
Panama City
Students
167
Student body
66% White · 16% Black · 9% Hispanic / Latino
Free/reduced lunch
50%
Phone
(850) 767-1792
54/100
Tyndall Academy
Elementary · Grades PK–08 · 3.5 mi
City
Tyndall Afb
Students
800
Student body
55% White · 15% Hispanic / Latino · 15% Black
Free/reduced lunch
41%
Phone
(850) 767-1714
54/100
Bay High School
High · Grades 09–12 · 4.6 mi
City
Panama City
Students
1,254
Student body
49% White · 30% Black · 11% Hispanic / Latino
Free/reduced lunch
51%
Phone
(850) 767-4600

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/30/2026Listed for sale$425,000

Listed by Kelli White Garrett · CENTURY 21 Commander Realty · 8507698326

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: September 30, 2026 at 3:07 PM | Source: Central Panhandle Association of REALTORS | MLS#: 796036

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