About 336 Gray Ave
INVESTOR SPECIAL – 3 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready—plus two additional detached structures ready for conversion into separate units. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the others, or bring in steady cash flow from all three. Multiple units. One lot. Endless potential.
Features of 336 Gray Ave
| MLS® # | 322278 |
|---|---|
| Price | $224,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,792 |
| Acres | 0.27 |
| Year Built | 1945 |
| Type | Residential |
| Sub-Type | Detached Single Family |
| Status | Active |
Community Information
| Address | 336 Gray Ave |
|---|---|
| Area | Other Counties |
| City | Panama City |
| State | FL |
| Zip Code | 32401 |
Amenities
| Utilities | Sewer Connected, Water Connected, Cable Connected, Electricity Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Washer/Dryer Hookup, Window Treatment All, Needs Work, Woodwork Stained |
|---|---|
| Appliances | Dishwasher, Stove/Oven Electric, Refrigerator |
| Heating | Central Electric, Window/Wall |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior Features | Needs Work |
|---|---|
| Lot Description | City Road, Paved Road |
| Windows | Ceiling Fan |
| Construction | Vinyl Siding |
Additional Information
| Date Listed | June 16th, 2025 |
|---|---|
| Zoning | Residential Single Family, City |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Beach Properties Real Estate Group |
|---|