405 Massalina Drive
Panama City, FL 32401
7
Bed
6
Bath
0.14Acre(Lot)
$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Rooms Total: 8Roofing Information
Metal -
Interior Features
Roof: MetalAppliances: GasRange, TanklessWaterHeater -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans Water front: 1
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Building Information
Year Built: 2025Building Area Total: 2988Construction Materials: HardiplankTypePatio And Porch Features: Covered, PorchPrivate Pool: NoWater front Features: Bayou,SeawallView: Bayou
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Lot Information
Lot Dimensions: 60.0 ft x 100.0 ft Main Square Feet: 0.14 Lot Size Acres: 0.14 Lot Size Square Feet: 5,663 Lot Description: SprinklerSystem,PavedProperty Information
Subdivision: Cove Source Property Type: Residential MLS Area Minor: 0203 - Bay - Central SW Zoning Description: Resid Single Family Property SubType: Quadruplex Property Age: 1
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Listing Price Information
Listing Price: $865000
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Tax Information
Parcel Number: 20456-000-000 Tax Legal Desc: SUDDUTHS 1ST ADD. LOT 20 BLK 8 ORB 4783 P 213 MAP 105C2
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School Information
Elementary School: Cherry Street Junior High School: Jinks Senior High School: Bay -
Utility Information
NaturalGasAvailable -
Location Information
Direction: US-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6701 Yacht Club Drive, Panama City, FL, 32401 | $1,995,000 | 4 | 5 | -- | |
| Bayou Avenue, Panama City, FL, 32401 | $19,999 | -- | -- | -- | |
| 150 Bayou Avenue, Panama City, FL, 32401 | $299,900 | 3 | 2 | -- | |
| 403 Transmitter Road, Panama City, FL, 32401 | $199,000 | 3 | 2 | -- | |
| 301 Detroit Avenue, Panama City, FL, 32401 | $250,000 | 3 | 2 | -- | |
| 305 Detroit Avenue, Panama City, FL, 32401 | $250,000 | 3 | 2 | -- | |
| 3808 E 9th Street, Panama City, FL, 32401 | $189,900 | 3 | 2 | -- | |
| 726 Detroit Avenue, Panama City, FL, 32401 | $599,000 | 9 | 6 | -- | |
| 3744 E 9th Street, Panama City, FL, 32401 | $179,900 | 2 | 2 | -- | |
| 208 Claire Avenue, Panama City, FL, 32401 | $205,000 | 2 | 1 | -- |
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ByOwner last updated this listing 07/06/2026 @ 12:35
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