1421 Martin Luther King Junior Boulevard #A-D, Panama City, FL 32401
Local realty services provided by:ERA Neubauer Real Estate, Inc.
Listed by: james cameron
Office: jc real estate group, llc.
MLS#:789241
Source:FL_BCMLS
Price summary
- Price:$799,000
- Price per sq. ft.:$198.36
About this home
Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%....
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Home facts
- Year built:2026
- Listing ID #:789241
- Added:44 day(s) ago
- Updated:June 14, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:12
- Full bathrooms:8
- Half bathrooms:4
- Rooms Total:8
- Kitchen Description:Electric Oven, Electric Range, Ice Maker
- Living area:4,028 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2026
- Building area:4,028 sq. ft.
- Lot area:0.18 Acres
- Foundation Description:Slab
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Northside
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$198.36
Features and amenities
- Amenities:ElectricOven, ElectricRange, FireAlarm, IceMaker
Parking
- Parking description:Garage
- Garage:Yes
- Garage spaces:4
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