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Millville Multifamily Home for Sale

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    $499,500

    • 4,768 Sq Ft

    520 Maine Ave, Panama City, FL 32401

    Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value. partially rented / ready to lease (customize based on status) Low maintenance units - easy management Strong rental demand in the area Proximity to beaches, schools, and major employers Zoned for residential

    Will Pender Keller Williams Success Realty

    520 Maine Ave, Panama City, FL 32401

Why Live in Millville

Millville, a neighborhood in Panama City, retains its industrial roots while welcoming new businesses and construction. This working-class area features a mix of single-family homes, from early 20th-century residences to new builds, primarily in single-story Craftsman styles. Lot sizes range from just over one-tenth to one-fifth of an acre. The community's proximity to Tyndall Air Force Base, about 8 miles away, has spurred recent development, including a significant reconstruction project and a new SRM Concrete facility, promising job growth. Millville's main thoroughfare, 5th Street, part of Florida State Road 30 and U.S. Route 98, offers various local amenities and connects residents to the Bayway bus service. Dining options include long-standing establishments like Gene’s Oyster Bar and newer spots like The Bistro Southern Cafeteria. For groceries, locals frequent Asian Oriental International Market and Capt. Hai's Fresh Seafood Market. Millville Waterfront Park, with its fishing pier and beach chairs, provides a peaceful retreat, while Emerald Harbor marina offers access to Shell Island. The neighborhood is served by Bay District schools, which have varying ratings, including Bay High. Community events such as the Annual Millville Block Party and a Christmas parade foster a sense of togetherness.

Home Trends in Millville, FL

Housing Trends

Median Sale Price
$305,000
Median Single Family Sale Price
$397,642
Median 2 Bedroom Sale Price
$446,000
Average Price Per Sq Ft
$212
Number of Homes for Sale
3
Last 12 months Home Sales
47
Months of Supply
0.80
Median List Price
$375,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-24%
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