Investment opportunity-4 unit single level 4- plex with great rental history. Each unit is separately metered for power and water. All units currently occupied. Unit A - $580/month ($505 after discount due to tenant maintaining the lawn) until 03/31/23 Unit B - $775/month until 03/31/23 Unit C - $800/month until 06/30/22 Unit D - $795/month until 10/31/22
CPARMLS #616866
Feb 26, 2015
Sold
$101,000
$34/sq ft
Jan 10, 2014
Listed
$119,900
$40/sq ft
TWO DUPLEX BUILDINGS - (4 Total Apartments) - Each apartment is 2BR/1BA (740+/- Sq Ft each). Recently PRICE REDUCED - now each apartment valued under $30K. .. at current rents this property could pay for itself in 6 years or less! Centrally located off Transmitter Road with handy access to Hwy 98 (15th St) or Hwy 231. Stucco w/ stone accent construction, shingle roofs, concrete drive/parking pads. Laundry Hook-ups in each unit. [As of 2/10/2015: 3 units are rented. .. .Apt D recently vacated - installing new flooring - owner says there is tenant in the wings awaiting unit prep] - All Electric - TENANT'S PAY OWN UTILITIES (elec/water/sewer/garbage). .. Owner only provides monthly lawn maintenance - as needed. Current (Bay County) tax assesed value is over $100,000. An owner occupant (investor) could live payment free with INCOME! Owner is not able to offer seller financing (please don't request). Lot of Potential here - CHECK IT OUT! (Don't let subdivision name fool you - there are mobile homes in area but these apartments are permanent buildings built on slab). Seller Says: ''WILL CONSIDER * REASONABLE * OFFERS!'' CALL US TODAY!
Year
Property tax
Land + Additions
Assessment*
2025
$5,948 (+10.7%)
2024
$5,373 (+11.3%)
$19,740 + $295,716
$315,456
2023
$4,829 (+240.5%)
$17,108 + $271,848
$288,956
2022
$1,418 (+13.1%)
$14,476 + $66,774
$81,250
2021
$1,254 (+57.0%)
$13,160 + $59,333
$72,493
2020
$799 (−5.3%)
$13,160 + $34,423
$47,583
2019
$844 (−33.3%)
$13,160 + $36,016
$49,176
2018
$1,265 (−5.9%)
$12,699 + $65,153
$77,852
2017
$1,344 (−6.7%)
$12,173 + $69,933
$82,106
2016
$1,440 (−12.6%)
$12,173 + $73,918
$86,091
2015
$1,648 (−20.2%)
$12,173 + $85,129
$97,302
2014
$2,065
Tax history for 3544 Lane Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,948 (+10.7%)
2024
$5,373 (+11.3%)
$19,740 + $295,716
$315,456
2023
$4,829 (+240.5%)
$17,108 + $271,848
$288,956
2022
$1,418 (+13.1%)
$14,476 + $66,774
$81,250
2021
$1,254 (+57.0%)
$13,160 + $59,333
$72,493
2020
$799 (−5.3%)
$13,160 + $34,423
$47,583
2019
$844 (−33.3%)
$13,160 + $36,016
$49,176
2018
$1,265 (−5.9%)
$12,699 + $65,153
$77,852
2017
$1,344 (−6.7%)
$12,173 + $69,933
$82,106
2016
$1,440 (−12.6%)
$12,173 + $73,918
$86,091
2015
$1,648 (−20.2%)
$12,173 + $85,129
$97,302
2014
$2,065
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
4
Baths
2
Stories
1
Lot width
70 ft.
Lot depth
125 ft.
Lot size
8,712 Sq. Ft.
Year renovated
2018
Sq. Ft.
1,496
Year built
1978
Style
Multi-Family (5+ Unit)
County
Bay County
APN
11954907000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
Jan 25, 2006 • Final
Legacy - residential
Renovate and repair fire damage on a residential building.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bedroom Information
# of Bedrooms: 8
Heating & Cooling
Heating Information: Central
Cooling Information: Central Air
Multi-Family Financial Information
Annual Net Income: 900000.00
Multi-Unit Information
Unit Number YN: 0
# of Units (Total): 8
# of Units: 4
Unit Type 1 Information
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 2 Information
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 3 Information
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 4 Information
# of Bathrooms: 2
# of Bedrooms: 2
Exterior
Building Information
Construction Materials: Block
Roof: Shingle
Exterior Features
Exterior Features: Other
Property Features
Universal Property Id: US-12005-N-11954907000-R-N
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 0
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
Total Num Buildings: 2
CDD Y/N: 0
Property Type: Residential Income
Property Sub Type: Quadruplex
Zoning: MULTI-FAMI
Land Information
Total Acreage: 0 to less than 1/4
Lot Information
Lot Size Acres: 0.2
Lot Size Square Meters: 809
Financial
Tax Information
Tax Annual Amount: $1,254
Tax Year: 2021
Utilities
Utility Information
Sewer: Public Sewer
Utilities: Other
Location
HOA Information
MFR_Association2YN: 0
Location Information
Directions: gps
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,496
Stories: 1.0
Lot Size: 8,712 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1978
Year Renovated: 2018
County: Bay County
APN: 11954907000
Home facts updated by county records on Jun 18, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Date Information
Days to Contract: -33
Status Contractual Search Date: 2022-09-26
Listing Price Information
Calculated List Price By Calculated Sq Ft: 133.69
Home Information
Living Area: 2992
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 277.97
Building Area Units: Square Feet
Foundation Details: Slab
Around this home
Schools
Cedar Grove Elementary School
Public PreK-5 • Assigned • 1.7mi
4/10
Merritt Brown Middle School
Public 6-8 • Assigned • 4.2mi
4/10
Bay High School
Public 9-12 • Assigned • 3.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32404
Average low and high temperatures (°F)
62
40
70
49
76
54
82
59
85
68
90
74
91
76
88
74
88
71
82
61
75
55
67
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 5.7 hours in December, placing it above the
U.S. average for solar exposure.