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1421 Martin Luther King Junior Boulevard #A-D

Panama City, FL 32401
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Bed 8

Bed

Bath 12

Bath

Acres0.18

Acre(Lot)

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-deman d 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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Detail Ic Property Details

Property Type : Residential

Price : $799,000

AD Id : 77888410

MLS Id : 789241

Beds : 8

Lot Size : 0.18 Acre

Year Built : 2026

Garage : 4

County : Bay

Subdivision: Westwood Lakes

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 12 Full Baths: 8 Half Baths: 4

    Room Information

    Rooms Total: 8

    Roofing Information

    Metal
  • Interior Features

    Roof: Metal
    Appliances: ElectricOven, ElectricRange, IceMaker
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans

  • Building Information

    Year Built: 2026
    Building Area Total: 4028
    Construction Materials: HardiplankType
    Private Pool: No

  • Lot Information

    Lot Dimensions: 106 x 80 Main Square Feet: 0.18 Lot Size Acres: 0.18 Lot Size Square Feet: 7,841 Lot Description: Paved

    Property Information

    Subdivision: Long Point Park 1st Add Source Property Type: Residential MLS Area Minor: 0203 - Bay - Central SW Property SubType: Quadruplex Property Age: 0

  • Listing Price Information

    Listing Price: $799000
    Original Price: $818000

  • Tax Information

    Parcel Number: 17553-030-000 Tax Legal Desc: LINCOLN PARK 1ST ADD. BEG SW COR LOT 17 BLK 3 TH N 19.83' E 122.58' TO W ROW LI OF MLK BLVD TH S 19.83' TO N ROW LI OF WASHINGTON DR TH W 112.55' TO POB ORB 4968 P 512

  • School Information

    Elementary School: Northside Junior High School: Jinks Senior High School: Bay
  • Utility Information

    ElectricityAvailable, HighSpeedInternetAvailable
  • Location Information

    Direction: From the Panama City Mall, continue south on Hwy 77, also known as N Cove Blvd and MLK Blvd. Cross over 15th St, just past Viktoriyas Coffee Shop you'll 1421 on your right. Turn onto Washington St to access property. Security Features: FireAlarm
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/21/2026 @ 02:19

MLS: 789241 LISTED BY: James Cameron, JC Real Estate Group, LLC. 770-560-6344 SOURCE: CPAR

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