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USAFLPanama CityCove215 N Macarthur Ave
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215 N Macarthur Ave, Panama City, FL

House

For Sale

Listed price in listed location currency (USD).
$449,000

740

MLS® 780852

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage Yes
Taxes $5,458
Days Active 62
Lot Size 0.34 acres
Approx. Age 1945
MLS® Number 780852

Property Address: 215 N Macarthur Ave, Panama City, FL, 32401-3861

Average square foot calculated using Size range provided by listing agent.

Description

This property will sell quickly because of the tremendous investment income. 3 individual residences onsite. 213 N. Macarthur (above garage) a 2 bedroom / bathroom residence could rent for $1850 per month. 213 1/2 N. Macarthur a 1 bedroom / 1 bathroom (below garage) residence could rent for $1, 000 per month. $2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity. Or, utilize both or one of the apartments for a mother-in-law quarters. Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77. Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip. This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof. The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage. Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air. - alley parking for 3 cars at the efficiency apartment -2 cars , 1 behind the other can park on the upstairs apartment driveway (not covered) The entire property is on city water and sewer. Come find out why so many people are flocking to the Cove - make this home your own, it will not last long.
MLS® Number780852
Laundry Level
Central VacNo
FireplaceNo
Acreage0.34
Exterior
GarageYes
Approx. Age1945
Basement
DrivewayAdditional Parking, Alley Access, Garage, Garage Door Opener
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Dining Room:First Floor12 × 15 ft
Great Room:First Floor12 × 18 ft
Kitchen:First Floor10 × 14 ft
Bedroom 1:First Floor12 × 15 ft
Bedroom 1:First Floor8 × 10 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 26, 2025List Date
$449,000List Price
  • Commute

Commute

Starting Address
Destination Address
215 N Macarthur Ave, Panama City, FL

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