Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$650,000

  • For Sale
  • Active
  • Townhouse
  • 9 Beds
  • 5 Full Baths
  • 3 Partial Baths
  • 4,280 Sq. Ft.
See This Home
Save This Home
See This Home
Save This Home
This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.

Full Property Details for 141 Cheri Ln

General

  • Price: $650,000
  • Taxes: $5,747 (2024)
  • Status: Active
  • Type: Townhouse
  • Source: Emerald_Coast
  • MLS ID: 986541
  • Updated: 11/7/2025
  • Added to Site: 108 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Full Bathroom, Half Bathroom, Kitchen, Living Room, Master Bedroom
  • Interior Features: Floor Tile, Furnished - None, Newly Painted, Renovated

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 5
  • Half Bathrooms: 3

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.

School Information

  • Elementary School: Parker
  • Middle School: Rutherford ( Middle )
  • High School: Rutherford

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water

Structural Information

  • Architectural Style: Fourplex
  • Construction: Roof Composite Shngl, Siding CmntFbrHrdBrd, Siding Wood
  • Stories/Levels: 2
  • Square Feet: 4,280
  • Sq. Ft. Source: County PA Records
  • Year Built: 1984

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 135 x 84
  • Street/Road Desc.: Paved Road
  • Lot Features: Cleared, Dead End, Interior, Level
  • Zoning: Resid Multi-Family

Financial Considerations

  • Tax Amount: $5,747
  • Tax Year: 2024
  • Terms: Conventional, FHA, VA

Disclosures and Reports

  • Legal Description: W H PARKER PLAT (2.98) BEG 136.14'S OF NE COR LOT 27 TH CONT S 18' W 135' N 18' E 135' TO POB AKA PCL 6 ORB 3713 P 483
  • APN: 25249-300-000

Listed by Scenic Sotheby's International Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 141 Cheri Ln —

  • Scenic Sotheby's International Realty

whitney@scenicsir.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 141 Cheri Ln

School District:Bay County School District
NameGradesDistance
Parker Elementary School
640 South Highway 22 A, Panama City, FL 32404
PK-50.3 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-82.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 141 Cheri Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/01/2025
Listed
$650,000
44.44%
MLS
3/18/2022
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 141 Cheri Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,987
10%
$436,674
13%
2023
$5,447
306%
$385,152
192%
2022
$1,340
2%
$131,847
57%
2021
$1,317
45%
$84,155
-1%
2019
$907
-33%
$85,422
-32%
2018
$1,355
-3%
$125,563
-1%
2017
$1,397
-4%
$126,830
-1%
2016
$1,455
-5%
$128,100
-1%
2015
$1,526
-1%
$129,370
-1%
2014
$1,540
4%
$130,791
-6%
2013
$1,474
—
$139,022
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 141 Cheri Ln

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Scenic Sotheby's International Realty

Just Listed near 141 Cheri Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

12 Cornelia St, Freeport, FL 32439 - Photo 1 Just Listed
$369,500
Open House

12 Cornelia St  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,039
    Sq. Ft.
Listed by Beverly Buck Team (850) 650-4563
36 E Gray Owl Dr E, Freeport, FL 32439 - Photo 1 Price Reduced
-$19,355 (-4.67%)
$394,900

36 E Gray Owl Dr E  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,108
    Sq. Ft.
96 Mary Ellen Way, Freeport, FL 32439 - Photo 1 Just Listed
$409,900

96 Mary Ellen Way  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 13 minutes ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,734
    Sq. Ft.
152 Dockside Rd, Freeport, FL 32439 - Photo 1 Just Listed
$333,900

152 Dockside Rd  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,799
    Sq. Ft.

Price Reduced near 141 Cheri Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

400 Pitts Bayshore Dr, Freeport, FL 32439 - Photo 1 Price Reduced
-$184,000 (-11.26%)
$1,450,000

400 Pitts Bayshore Dr  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,734
    Sq. Ft.
Listed by Cheri Dickson (850) 612-1281 and Nick Brown (540) 379-4435
279 Windchime Way, Freeport, FL 32439 - Photo 1 Price Reduced
-$1,000 (-0.15%)
$649,000
Open House

279 Windchime Way  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 4
    Total Baths
  • 3,132
    Sq. Ft.
188 Palmetto Ave, Freeport, FL 32439 - Photo 1 Price Reduced
-$4,000 (-2.68%)
$145,000

188 Palmetto Ave  Freeport, FL 32439

  • Vacant Land
  • Active
  • Updated 4 days ago
  • 0.29
    Acres
275 Eunola Ln, Freeport, FL 32439 - Photo 1 Price Reduced
-$15,700 (-3.92%)
$384,900

275 Eunola Ln  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,580
    Sq. Ft.

Recent Sales near 141 Cheri Ln

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1428 Parkway Dr, Panama City, FL 32404 - Photo 1 Sold
$590,000

1428 Parkway Dr  Panama City, FL 32404

  • Single Family
  • Closed
  • Updated 9 days ago
  • 6
    Beds
  • 4
    Total Baths
100 Carriage Rd, Panama City, FL 32404 - Photo 1 Sold
$561,000

100 Carriage Rd  Panama City, FL 32404

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
6509-6515 E Hwy 22, Panama City, FL 32404 - Photo 1 Sold
$625,000

6509-6515 E Hwy 22  Panama City, FL 32404

  • Industrial
  • Closed
800 Tidewater Ln, Panama City, FL 32404 - Photo 1 Sold
$618,599

800 Tidewater Ln  Panama City, FL 32404

  • Single Family
  • Closed
  • 3
    Beds
  • 4
    Total Baths

141 Cheri Lane, Panama City, FL 32404 (MLS# 986541) is a Townhouse property with 9 bedrooms, 5 full bathrooms and 3 partial bathrooms. 141 Cheri Lane is currently listed for $650,000 and was received on October 01, 2025. Want to learn more about 141 Cheri Lane? Do you have questions about finding other Townhouse real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

Tour this property