2324 E 16th Ct
Panama City, FL 32405
Cedar Grove- 3 Beds
- 3 Baths
- 1,464 sqft (on 0.25 acres)
3 Beds
3 Baths
1,464 sqft
(on 0.25 acres)
Local Information
-- mins to
Description
TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW.
Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years.
Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month.
Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer.
Well-maintained triplex located in the heart of Panama City.
The triplex is situation on a quarter acre lot.
Roof is approximately 10 years old.
Each unit has a window heating/air conditioning unit.
Total heated/cooled square footage is 1,320 square feet.
Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen.
Tenant is responsible for all maintenance and lawn upkeep.
Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years.
Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month.
Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer.
Well-maintained triplex located in the heart of Panama City.
The triplex is situation on a quarter acre lot.
Roof is approximately 10 years old.
Each unit has a window heating/air conditioning unit.
Total heated/cooled square footage is 1,320 square feet.
Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen.
Tenant is responsible for all maintenance and lawn upkeep.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from May 29, 2026
Home Highlights
Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 2324 E 16th Ct
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Interior Details Number of Rooms: 3Types of Rooms: Bedroom, Full Bath, Living Room |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3 |
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Parking & Garage No Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 90 |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: ResidentialProperty Subtype: Triplex, Multi Family |
Building Attached To Another Structure |
Property Information Parcel Number: 14763000000 |
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Price List Price: $229,000 |
Status Change & Dates Off Market Date: Thu Jun 27 2024 |
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MLS Status: Closed |
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Direction & Address City: Panama CityCommunity: No Named Subdivision |
School Information Elementary School: Cedar GroveJr High / Middle School: MowatHigh School: Bay |
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Building Area Building Area: 1464 Square Feet |
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Association for this Listing: Central Panhandle Association of REALTORSNo HOA |
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Lot Area: 10824 sqft |
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Mobile Home Park Mobile Home Units: Feet |
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Are Units Furnished: None |
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Mls Number: 754970Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12005-N-14763000000-R-N |
Last check for updates: about 8 hours ago
Listed by Mike S Herring, (850) 321-0917
Keller Williams Realty Emerald
Bought with: Brittany Whittaker, (253) 303-1157, Bay to 30A Realty
Originating MLS: Central Panhandle Association of REALTORS
Source: CPAR, MLS#754970

Price History for 2324 E 16th Ct
| Date | Price | Event | Source |
|---|---|---|---|
| 08/05/2024 | $230,000 | Sold | CPAR #754970 |
| 06/27/2024 | $229,000 | Pending | ECAOR #946006 |
| 06/04/2024 | $229,000 | PendingToActive | CPAR #754970 |
| 05/11/2024 | $249,000 | Contingent | CPAR #754970 |
| 05/11/2024 | $249,000 | Pending | ECAOR #946006 |
| 05/11/2024 | $249,000 | PriceChange | ECAOR #946006 |
| 04/29/2024 | $219,000 | Pending | ECAOR #946006 |
| 04/29/2024 | $219,000 | PendingToActive | CPAR #754970 |
| 04/28/2024 | $219,000 | Pending | CPAR #754970 |
| 04/25/2024 | $219,000 | PendingToActive | CPAR #754970 |
| 04/07/2024 | $219,000 | Pending | ECAOR #946006 |
| 03/29/2024 | $219,000 | Listed For Sale | CPAR #754970 |
| 01/30/2024 | ListingRemoved | Navarre Area BOR #932779 | |
| 01/05/2024 | $1,000 | Listed For Rent | Navarre Area BOR #932779 |
| 06/05/2023 | $150,000 | Sold | N/A |
| 06/15/2014 | $465 | ListingRemoved | Agent Provided |
| 05/07/2014 | $465 | Listed For Rent | Agent Provided |
| 05/15/2013 | $425 | ListingRemoved | Agent Provided |
| 10/12/2012 | $425 | Listed For Rent | Agent Provided |
| 07/06/2012 | $450 | ListingRemoved | Agent Provided |
| 04/10/2012 | $450 | Listed For Rent | Agent Provided |
| 08/23/2011 | $425 | ListingRemoved | Agent Provided |
| 07/22/2011 | $425 | Listed For Rent | Agent Provided |
| 06/07/2004 | $45,000 | Sold | N/A |
| 04/12/2004 | $28,000 | Sold | N/A |
| 01/07/2002 | $27,500 | Sold | N/A |
Market trends in Panama City
Last updated May 2026
Avg. sale price
$298K
$1.43KMoM
Sale-to-List Price
96.4%
0.4%MoM
Price per sq ft
$179
$2MoM
Available listings
464
2MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $1,655 |
| Assessment | $124,308 |
Home facts updated by county records
Comparable Sales for 2324 E 16th Ct
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.62 | Multi-Family Home | $512,200 | 05/13/26 | 8 | 6 | 4,104 | |
1.27 | Multi-Family Home | $350,000 | 12/23/25 | 6 | 4 | 2,400 | |
1.55 | Multi-Family Home | $450,000 | 08/29/25 | 5 | 4 | 2,240 | |
1.90 | Multi-Family Home | $200,000 | 04/09/26 | 5 | 3 | 2,260 | |
1.56 | Multi-Family Home | $425,000 | 12/19/25 | 2 | 1.5 | 936 | |
1.91 | Multi-Family Home | $194,380 | 05/15/26 | 3 | 2 | 1,225 | |
1.93 | Multi-Family Home | $194,380 | 05/15/26 | 3 | 2 | 1,225 | |
2.27 | Multi-Family Home | $249,500 | 10/14/25 | 3 | 2.5 | 1,654 | |
2.68 | Multi-Family Home | $332,000 | 12/30/25 | 4 | 4 | 2,196 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2324 E 16th Ct.
What Locals Say about Cedar Grove
At least 34 Trulia users voted on each feature.
90 % Say car is needed
84 % Say it's dog friendly
79 % Say yards are well-kept
76 % Say there's holiday spirit
70 % Say parking is easy
64 % Say kids play outside
61 % Say it's quiet
58 % Say people would walk alone at night
52 % Say neighbors are friendly
49 % Say there are sidewalks
46 % Say there's wildlife
29 % Say it's walkable to grocery stores
29 % Say they plan to stay for at least 5 years
28 % Say streets are well-lit
27 % Say there are community events
13 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 2324 E 16th Ct
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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
2324 E 16th Ct, Panama City, FL 32405 is a 3 bedroom, 3 bathroom, 1,464 sqft multi-family built in 1960. 2324 E 16th Ct is located in Cedar Grove, Panama City. This property is not currently available for sale. 2324 E 16th Ct was last sold on Aug 5, 2024 for $230,000 (0% higher than the asking price of $229,000). The current Trulia Estimate for 2324 E 16th Ct is $238,300.

