New Duplex in Panama
2826 La Mesa Avenue Panama City, FL 32405
For Sale
$450,000
MULTI_FAMILY - Other - Panama City, FL
Property Size2,500 SF
Price / SF$180
Days on Market95
Property Features for 2826 La Mesa Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4
Patio and Porch features
Patio
Interior features
MainLevelPrimary, WalkInClosets
Exterior features
Patio
Appliances
ElectricRange, ElectricWaterHeater
Standard status
Active
APN
12192-002-000
Size
2,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SHEFFIELD'S 2ND ADD LOT 6 BLK 4 ORB 974 P 1316 MAP 104A
Tax Annual Amount
363
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Architectural style
Other
Listing Agency:
AMERICAN REALTY of Bay Co, Inc
(850) 234-5678
Listed By:
Mayrelis C Roman Davila · License #3476683
(850) 691-9904
Added: Apr 25
Changed: Jul 17
Last Checked: Jul 28 at 5:06AM
MLS# 789006
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly built duplex is suitable as a primary residence, for intergenerational living, or as a rental property. Each unit features 3 bedrooms and 2 bathrooms, along with a modern kitchen and updated bathrooms. The property includes a large backyard. It is located near a mall and 23rd Street, providing convenient access to schools, supermarkets, and department stores. The property is situated approximately 20 minutes from area beaches. The property size is 2500 Square Feet and it is located in Panama City, FL.
Key Highlights
- New duplex under construction, year built 2026
- Duplex unit layout: 3 bedrooms and 2 bathrooms per side
- Modern kitchen; electric range and electric water heater
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $20.40 |
| − Vacancy | −$7.8k | −$3.12 |
| EGI | $43.2k | $17.28 |
| − OpEx | −$13.0k | −$5.18 |
| NOI | $30.2k | $12.10 |
2,500 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.0K
$378.0K – $504.0K
NOI $30,241 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.5K
NOI $27,687 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$628.7K
$550.1K – $733.5K
NOI $44,010 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with modern amenities, near shopping and beaches.
Where is this duplex located?
The property is located at 2826 La Mesa Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: New duplex under construction, year built 2026; Duplex unit layout: 3 bedrooms and 2 bathrooms per side; Modern kitchen; electric range and electric water heater
