1421 Martin Luther King Junior Boulevard #A-D, Panama City, FL 32401
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: james cameron
Office: jc real estate group, llc.
MLS#:789241
Source:FL_BCMLS
Price summary
- Price:$785,000
- Price per sq. ft.:$194.89
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%....
Contact an agent
Home facts
- Year built:2026
- Subdivision & Development:Long Point Park 1st Add
- Listing ID #:789241
- Added:104 day(s) ago
- Updated:August 14, 2026 at 02:57 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:$785,000
- Price per sq. ft.:$194.89
Features and amenities
- Amenities:ElectricOven, ElectricRange, FireAlarm, IceMaker
Parking
- Parking description:Garage
- Garage:Yes
- Garage spaces:4
New listings near 1421 Martin Luther King Junior Boulevard #A-D
- New
$215,000Active2 beds 2 baths972 sq. ft.1222 Louisiana Avenue, Panama City, FL 32401
MLS# 794049Listed by: JONES REAL ESTATE AND RENTALS LLC - New
$325,000Active4 beds 2 baths1,374 sq. ft.1505 S Berthe Avenue, Panama City, FL 32404
MLS# 794050Listed by: ANCHOR REALTY FLORIDA - New
$273,700Active3 beds 2 baths1,317 sq. ft.717 Fox Den Lane, Panama City, FL 32404
MLS# 794051Listed by: ADAMS HOMES REALTY, INC. - New
$263,100Active3 beds 2 baths1,379 sq. ft.713 Fox Den Lane, Panama City, FL 32404
MLS# 794053Listed by: ADAMS HOMES REALTY, INC. - New
$266,900Active3 beds 2 baths1,365 sq. ft.709 Fox Den Lane, Panama City, FL 32404
MLS# 794060Listed by: ADAMS HOMES REALTY, INC. - New
$170,000Active3 beds 1 baths1,260 sq. ft.2208 Edgewood Drive, Panama City, FL 32405
MLS# 794039Listed by: THINK REAL ESTATE - New
$1,499,000Active4 beds 4 baths2,414 sq. ft.5516 Gulf Drive, Panama City, FL 32408
MLS# 794031Listed by: COUNTS REAL ESTATE GROUP INC - New
$39,900Active0.7 Acres13222 Airway Street, Panama City, FL 32404
MLS# 794035Listed by: PROPERTY CONNECTIONS BOUTIQUE - New
$499,000Active3 beds 2 baths1,914 sq. ft.14804 Bream Pond Drive, Panama City, FL 32409
MLS# 794023Listed by: COUNTS REAL ESTATE GROUP INC - New
$1,499,000Active4 beds 4 baths2,414 sq. ft.5500 Gulf Drive, Panama City, FL 32408
MLS# 794028Listed by: COUNTS REAL ESTATE GROUP INC