819 Russ Lake Drive

Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible!

Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot--zoned mixed-use with the option to build another duplex or rezone for single-family residential.

Live in one unit and rent the other, or lease both for instant income.

Upstairs: 3 beds / 2 baths + ensuite primary

Downstairs: 2 beds / 1 bath + yard access
Each unit features indoor laundry, separate utilities, and individual meters--ideal for long- or short-term tenants.

Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed.

Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach.
Bonus: construction materials on site convey!

Expand, rezone, or rent--this property offers options and income! Schedule your showing and Let's Make Deal Today!

5
beds

3
baths

2,260 Sq.Ft. LIVING AREA

0.31 Acres lot

Catriese Johnson

title Realtor®
PHONE (850) 687-7487
EMAIL [email protected]
DRE # SLS3431258

Features & Amenities

Interior

total bedrooms5
Total bathrooms3
full bathrooms3

Area & Lot

Status Sold
Date Sold April 9, 2026
Living Area2,260 Sq.Ft.
Total Area2,260 Sq.Ft.
Lot Area0.31 Acres
MLS® ID769484
TypeMulti-Family
YEAR BUILT1971
NeighborhoodSPRINGFIELD
Architecture StylesDuplex
Elementary SchoolParker
Middle SchoolRutherford Middle
High SchoolRutherford

Exterior

utilitiesElectricity Available
HEAT TYPECentral
AIR CONDITIONINGCentral Air

Financial

Sales Price$200,000
Real Estate Tax $1,352/yr

SPRINGFIELD

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Contact Details

Catriese Johnson

Phone

(850) 687-7487

[email protected]

Address

726 THOMAS DR., SUITE A PANAMA CITY BEACH, FL 32408

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$200,000

Catriese Johnson

Features & Amenities

Interior

Area & Lot

Exterior

Financial

SPRINGFIELD

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