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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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6321 Lenawee Street D , Panama City, FL 32404
$2,075,000
Est. Payment: $11,464.08/mo
1 Bath
13500 Sqft
0.67 Acres
Status: Active | Days on site: 8
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BCC2 - B4454
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

Investor opportunity! The Lenawee Apartments, located at 6318-6321 Lenawee St in Panama City, FL, offer a multifamily investment opportunity with 18 total units across five buildings. The property includes four quadplexes with 16 two-bedroom, one-bath units of approximately 750 square feet each, along with a duplex featuring two additional two-bedroom, one-bath units of approximately 832 square feet each. All five buildings were constructed in 1985 and feature stucco exteriors. Recent improvements include 2019 roofs and 2020 water heaters, and the units are individually metered for water and electricity. Conveniently located near retail, dining, major roadways, and Tyndall Air Force Base, the property offers strong potential for an investor looking to add a multifamily property to their portfolio.
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Highlights

Listed by Charlie W Commander , 850-819-5850 CENTURY 21 Commander Realty , 850-769-8326. Bay County Association of REALTORS

Property Type

Multi-Family
Lot/Acreage
0.67

Year Built

1985

County

Bay

Area

02 - Bay County - Central

 Neighborhood

[No Recorded Subdiv]

Listing ID

794715

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Electric Cooktop, Electric Oven, Electric Water Heater
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Main Level Primary

Exterior Features

Lot:Paved
Lot Dimensions:47.0 ft x 95.0 ft
Zoning:Resid Multi-Family
Others:
  • ▪ Additional:Deck
Sewer:Public Sewer
Principal Interest
$11,464
Taxes
$163

Home Price

$2,075,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$415,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,464.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,464.08 $163.12 $0.00 $11,627.19
Yearly $137,568.91 $1,957.41 $0.00 $139,526.32
Total $4,127,067.40 $58,722.30 $0.00 $4,185,789.70

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS