Quadplex with Furnished Carriage
For Sale
$865,000
405 Massalina Drive Panama, Panama City, FL 32401
A 2025-built fourplex includes a furnished carriage house and waterfront access.
Property SizeContact for details
Days on Market115
Property Features for 405 Massalina Drive Panama
General Information
Standard status
Active
Property subtype
Quadruplex
Additional Details
Gross Income
$85,200
Multifamily Units
5
Tenant in Place
Yes
Amenities
dock
pool
fish cleaning station
landscaping
decking
Central
Ceiling Fan(s)
Electric
Central Air
Gas Range
Tankless Water Heater
Patio, Porch, Water Front, Natural Gas Available, Metal
Building Details
Year Built
2025
Listing Agency:
Keller Williams Realty Emerald Coast
Listed By:
Michael Herring · License #BK3256219
(850) 321-0917
Source:
Kw
Added: Jul 5
Changed: Oct 27
Last Checked: Oct 26 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Emerald Coast
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Investment Insights
Based on property information with market context.
Completed in 2025, this fourplex property includes a separate carriage house offered fully furnished. The waterfront setting includes views of Massalina Bayou and access to a shared dock with a fish-cleaning station. Deep-water access to the Bay and Gulf of Mexico is also described as a property feature.
Custom landscaping and decking accompany the residential buildings. The combination of fourplex and carriage house supports multiple residential configurations.
Custom landscaping and decking accompany the residential buildings. The combination of fourplex and carriage house supports multiple residential configurations.
Key Highlights
- Fourplex with a separate, fully furnished carriage house
- Built in 2025
- Waterfront property with views of Massalina Bayou
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A 2025-built fourplex includes a furnished carriage house and waterfront access.
Where is this quadplex located?
The property is located at 405 Massalina Drive Panama Panama City, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Fourplex with a separate, fully furnished carriage house; Built in 2025; Waterfront property with views of Massalina Bayou
