Date
Details
Price
Change
Source
5/01/2026
Listed
$818,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$818,000
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Property Description
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%.
Full Property Details
Full Property Details for 1421 Martin Luther King Junior Blvd #A-D
General
- Price: $818,000
- Status: Active
- Type: Multi-Family
- Source: Bay_County
- MLS ID: 789241
- Updated: 5/1/2026
- Added to Site: 21 day(s) ago
Interior
- Number of Rooms: 8
- Appliances: Electric Oven, Electric Range, Ice Maker
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 8
- Half Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Security/Safety: Fire Alarm
Parking
- Garage: Yes
- Garage Spaces: 4
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Long Point Park 1st Add
- Driving Directions: 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.
School Information
- Elementary School: Northside
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available
Structural Information
- Construction: HardiPlank Type
- Roof: Metal
- Sq. Ft. Source: Plans
- Year Built: 2026
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,841
- Lot Size: .18
- Lot Dimensions: 106 x 80
- Frontage: City Street
- Lot Features: Paved
Disclosures and Reports
- Legal Description: 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
- Property ID: 17553-030-000
Listed by JC Real Estate Group, LLC.
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Listing agent
— 1421 Martin Luther King Junior Blvd #A-D —
JC Real Estate Group, LLC.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1421 Martin Luther King Junior Blvd #A-D
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Northside Elementary School 2001 Northside Drive, Panama City, FL 32405 | PK-5 | 1.8 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.1 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.6 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 1421 Martin Luther King Junior Blvd #A-D
Estimate the Cost
Estimate the Cost for 1421 Martin Luther King Junior Blvd #A-D
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 2,996Sq. Ft.
- Single Family
- Active
- Updated 12 minutes ago
- 4Beds
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Listed by Michael Tomlin (850) 499-2432
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Listed by Samantha Lapomardo (717) 572-1259
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,629Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,734Sq. Ft.
- Single Family
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- 4Beds
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- 2Total Baths
- 2,108Sq. Ft.
- Single Family
- Active
- Updated 12 hours ago
- 3Beds
- 2Total Baths
- 1,564Sq. Ft.
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1421 Martin Luther King Junior Boulevard #A-D, Panama City, FL 32401 (MLS# 789241) is a Multi-Family property with units containing 8 bedrooms, 8 full bathrooms and 4 partial bathrooms. 1421 Martin Luther King Junior Boulevard #A-D is currently listed for $818,000 and was received on May 01, 2026. Want to learn more about 1421 Martin Luther King Junior Boulevard #A-D? 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.