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$650,000

  • For Sale
  • Active
  • Multi-Family
  • 0.26 Acres
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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: Multi-Family
  • Source: Emerald_Coast
  • MLS ID: 986541
  • Updated: 4/13/2026
  • Added to Site: 66 day(s) ago

Interior

  • Number of Rooms: 14
  • Interior Features: Newly Painted
  • Appliances: Water Heater - Elect
  • Furnishings: Furnished - None
  • Flooring: Floor Tile

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 9

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

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water

Structural Information

  • Architectural Style: Fourplex
  • Construction: Siding CmntFbrHrdBrd, Siding Wood
  • Exterior Const.: 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 Size (Sq. Ft.): 11,325.6
  • Lot Dimensions: 135 x 84
  • Street/Road Desc.: Paved
  • Lot Features: Cleared, Dead End, Interior, Level
  • Zoning: Resid Multi-Family

Financial Considerations

  • Tax Amount: $5,747.79
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Accept Backup Offers
  • 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
  • Property ID: 25249-300-000

Listed by Scenic Sotheby's International Realty

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Listing agent

— 141 Cheri Ln —

  • Scenic Sotheby's International Realty

whitney@scenicsir.com

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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 ATTOM Data Solutions 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
2025
$6,560
10%
$473,273
8%
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.

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NMLS#: 1598647

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Listed by Scenic Sotheby's International Realty

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141 Cheri Lane, Panama City, FL 32404 (MLS# 986541) is a Multi-Family property with units containing 9 bedrooms, 5 full bathrooms and 3 partial bathrooms. 141 Cheri Lane is currently listed for $650,000 and was received on March 16, 2026. Want to learn more about 141 Cheri Lane? Do you have questions about finding other Multi-Family 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.

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