For sale Multi-Family Home

Listed Oct 21, 2026

$220,000 Est. $1,455/mo

3638 Lane Road

  • 3

    Beds

  • 2

    Baths

  • 1,777

    Sq ft

The story

Looking for your next investment opportunity or a home with flexible living arrangements? This 3-bedroom, 2-bath property offers a unique floor plan and mixed-use zoning with possibilities worth exploring! Situated toward the rear of the lot, the existing home leaves much of the front portion open for potential future development. An extensive concrete parking area adds to the property's versatility. The home features two living areas, each with its own exterior entrance. The larger side includes 2 bedrooms, 1 bath, a living room, dining area, and full kitchen. The spacious primary suite features an oversized bathroom with a jetted tub, separate shower, and large walk-in closet. The smaller side offers a studio-style living area with its own entrance, full bathroom, and kitchenette. An interior connecting door provides flexibility for use as one residence or potentially two separate rental units. A laundry/utility area is located at the rear of the home. Additional features include covered front and rear patios, a fenced yard, and concrete parking. The roof was replaced in 2019. The property has a single electric meter, so utility arrangements would need to be considered for separate rentals. Mixed-use zoning may also offer opportunities for additional development, subject to applicable zoning, setbacks, parking, and permitting requirements. The home needs cosmetic improvements and is being sold AS IS. This could be your primary residence, rental investment, or property with future possibilities, this one is worth exploring! Buyer to verify permitted uses and development potential with the appropriate authorities. Roof 2019 | HWH 2024 | AC 2015 | Survey Available

Facts & features

Home type

Multi-Family Home

Year built

1996

Floors

1

Price per sq ft

$124

Included features

  • Cooling

    Central Air, Ceiling Fans

  • Heating

    Central

  • Appliances

    Gas Range, Gas Water Heater

  • Flooring

    Plank, Vinyl

  • Roof

    Shingle

  • Lot Information

    Paved

Mortgage calculator

Estimated monthly payment

$1,455 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,171
  • Property tax $220
  • Insurance $64

Includes principal, interest, taxes & insurance.

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Listing Broker

Adventure Realty Group LLC

Broker Name

Adventure Realty Group LLC

Agent

Wanda L Miller

Location

Panama City FL 32409