# 209 Sherman Avenue, Panama City, FL 32401 > **TL;DR:** 4bd/4ba multi-family, $250,000 ($130/sqft), built 1947, 1,920 sqft. > A/C. Est. $1,337/mo. Listed 44 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $250,000 | | Price/sqft | $130 | | Bedrooms | 4 | | Bathrooms | 4 full | | Square Feet | 1,920 | | Year Built | 1947 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 44 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,264 | | Estimated Insurance | $73 | | **Total** | **$1,337** | ## Nearby Schools - **Elementary:** Cherry Street - **Middle:** Jinks - **High:** Bay ## Key Amenities - A/C ## Property Highlights - Built in 1947 ## Description ### Agent Description INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer. ## Location - **Address:** 209 Sherman Avenue, Panama City, FL 32401 - **County:** Bay - **Neighborhood:** No Recored Sub - **Coordinates:** 30.15041, -85.633798 - **Google Maps:** https://www.google.com/maps?q=30.15041,-85.633798 ## Listing Agent - **Name:** Bubba McCants · **License:** 3062634 - **Brokerage:** EXP REALTY LLC - **Broker Phone:** (888) 883-8509 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/209-Sherman-Ave_Panama-City_FL_32401_M56144-63091?f=listhub&s=ECARMLSFL&m=1012259&c=propsimple) ## Photos ![209 Sherman Avenue - Photo 1](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f4159950547r.jpg) ![209 Sherman Avenue - Photo 2](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f2594110891r.jpg) ![209 Sherman Avenue - Photo 3](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f3672264546r.jpg) ![209 Sherman Avenue - Photo 4](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f2761118384r.jpg) ![209 Sherman Avenue - Photo 5](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f80714531r.jpg) ![209 Sherman Avenue - Photo 6](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f3002793520r.jpg) ![209 Sherman Avenue - Photo 7](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f3979363842r.jpg) ![209 Sherman Avenue - Photo 8](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f900634627r.jpg) ![209 Sherman Avenue - Photo 9](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f711288103r.jpg) ![209 Sherman Avenue - Photo 10](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f2283695184r.jpg) ![209 Sherman Avenue - Photo 11](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f690000921r.jpg) ![209 Sherman Avenue - Photo 12](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f1015633894r.jpg) ![209 Sherman Avenue - Photo 13](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f2599667882r.jpg) ![209 Sherman Avenue - Photo 14](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f2515217922r.jpg) ![209 Sherman Avenue - Photo 15](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f797039434r.jpg) ![209 Sherman Avenue - Photo 16](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f3296678070r.jpg) ![209 Sherman Avenue - Photo 17](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f4257323889r.jpg) ![209 Sherman Avenue - Photo 18](http://lh.rdcpix.com/19b8ec5e2eeda8beb61d8c861f80fdf5l-f4062029520r.jpg) --- **MLS#:** 1012259 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/209-sherman-avenue-panama-city-fl-32401-6f01dc8afe6b4bdcb5a1b1d06bc4b478) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/209-sherman-avenue-panama-city-fl-32401-6f01dc8afe6b4bdcb5a1b1d06bc4b478#listing", "url": "https://staging.propertysimple.ai/listing/209-sherman-avenue-panama-city-fl-32401-6f01dc8afe6b4bdcb5a1b1d06bc4b478", "name": "209 Sherman Avenue, Panama City, FL 32401", "description": "INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. 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