New Duplex in Panama
2826 La Mesa Avenue Panama City, FL 32405
2826 La Mesa Avenue, Panama City, FL, 32405
$450,000
For Sale
$450,000
MULTI_FAMILY - Other - Panama City, FL
Property Size2,500 SF
Price / SF$180
Days on Market84
Property Features for 2826 La Mesa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6
- 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
117 Seaclusion Dr, Panama City Beach, FL
Listed by
Mayrelis C Roman Davila · License #3476683
(850) 691-9904
Added: Apr 25 Checked: Jul 17 at 5:06 am
MLS# 789006
Listing URL
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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
