215 Macarthur Avenue N, Panama City 32401 (Active)

Request More Information | Share This Listing | Map This Property

Listing Information

Property Type: Detached Single Family
MLS #: 988363 Price: $449,000.00 Year Built: 1945
Square Feet: 3184 Bedrooms: 7 Bathrooms: 4 Full
HOA Fees: Not available Lot Size: Not available Lot Dimensions: 105x140

Subdivision: Cove

Description:

This property will sell quickly because of the tremendous investment income. Downstairs 1 bedroom / 1 bathroom apartment can be rented for $1000 per month. The upstairs 2 bedroom / 1 bathroom apartment can be rented for $1850 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.

Photos

Features

Parking Features: Carport Attached, Garage Attached

Interior Features: Floor Hardwood

Appliances: Cooktop, Microwave, Stove/Oven Electric

Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable

Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Gas, Water Heater - Tnkls

Lot/Parcel Access: City Road, Paved Road

Zoning: Resid Single Family

Schools

Elementary School: Cherry Street Middle School: Jinks High School: Bay

Request More Information

Here you can request more information about this listing or schedule a showing. Simply fill out this short form with your name, email address, and phone number (optional), as well as your question, and a response will be returned to you shortly.

Items marked with a red star (*) are required.

*Your Name:
*Your Email Address:
Your Phone Number:
Message (must be less than 1000 characters):

Back to top

Share This Listing

Here you can share this listing with a friend via email. Simply fill out this short form with your name and email address, your friend's email address, and an optional message. A link to this listing will be emailed to your friend.

Items marked with a red star (*) are required.

*Your Name:
*Your Email Address:
*Friend's Email Address:
Message (optional, must be less than 1000 characters):

Back to top

Map This Property

Back to top

This listing provided courtesy of Keller Williams Realty SRB.
This information was last updated on 10/29/2025 8:58:56 PM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2025. All rights reserved.


We are members of:
the National Association of Realtors, the MLS Listing Serivce, the Emerald Coast Association of Realtors, the Niceville Chamber of Commerce, and the Florida Department of Business and Professional Regulation. Equal Housing Opportunity. Consortia Blockchain Compliance Designation
Our listings are featured on:
Homes.com, Homegain, Talking House, Google,
Trulia, Zillow, Craigslist, YouTube, Twitter, and Facebook.
Home | Community | Buying Info | Selling Info | Search Homes | REO Services | Web3 | Sitemap
Add us to your RSS reader! Add us to your RSS reader!