5151 Marla Drive

Panama City, FL 32404

$695,000
Price
8
Beds
4,030 Sq. Ft.
$172 / Sq. Ft.
4,030
Sq. Ft.
$172
per Sq. Ft.

Description

Don't miss this rare chance to own a high-income, fully renovated two-story quadruplex. Each unit offers over 1,000 sq. ft. of well-designed living space, featuring 2 bedrooms, 1.5 bathrooms, and modern kitchens equipped with sleek stainless-steel appliances. Ideally located just minutes from Tyndall Air Force Base, Panama City Beach, and Mexico Beach, this property is nearby trendy dining options, entertainment hotspots, and vibrant attractions. This turnkey property is perfect for investors looking...Don't miss this rare chance to own a high-income, fully renovated two-story quadruplex. Each unit offers over 1,000 sq. ft. of well-designed living space, featuring 2 bedrooms, 1.5 bathrooms, and modern kitchens equipped with sleek stainless-steel appliances. Ideally located just minutes from Tyndall Air Force Base, Panama City Beach, and Mexico Beach, this property is nearby trendy dining options, entertainment hotspots, and vibrant attractions. This turnkey property is perfect for investors looking to maximize their portfolio. Act now and make your offer today!
  1. Listed by Alejandro D Martin • Beachfront Realty

Property Details for 5151 Marla Drive

Waterfront
No
Parking Features
Parking Lot
Subdivision Name
Hickory Park
LISTING UPDATED: 12/04/2024 11:29 AM

Property Details for 5151 Marla Drive

StatusActive
MLS #765793
Days on Market15
Taxes$3,179 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Quadruplex
Year Built1983
Lot Size0.27 AC / 11,761 SF
CountyBay County

Building Information for 5151 Marla Drive

Stories-Residences-Year Built1983Building Size-Lot Size0.27 AC / 11,761 SF

Property Information for 5151 Marla Drive

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Head north on S Tyndall Pkwy Turn left onto Lake Dr Turn right onto Arrow St Turn right onto Marla Dr The building will be in front of you
  • Postal Code: 32404
  • Latitude: 30.136922
  • Longitude: -85.596742
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 25286-556-000
  • Association: No
  • Tax Annual Amount: $3,179.00
  • Tax Legal Description: HICKORY PARK-(26.9)-119A4- BEG 30' N & 105.98' W OF SE COR PARCEL A FOR POB TH CONT W 38.57' N 137.50' E 144.55' S 59.40' W 105.98' S 78.10' TO POB ORB 4346 P 1122
  • Tax Year: 2023
School Information
  • Elementary School: Parker
  • High School: Rutherford
  • Middle Or Junior School: Rutherford Middle
Parking
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.27
  • Lot Size Dimensions: 58*108
  • Lot Size Square Feet: 11587.0
  • Living Area: 4030.0
  • Living Area Source: Appraiser
Property and Assessments
  • Year Built: 1983
  • Human Modified: No
Utilities
  • Utilities: Electricity Connected
Interior and Exterior Features
Exterior Features
  • Community Features: Short Term Rental Allowed
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Half: 4
  • Bathrooms Total: 8
  • Bedrooms Total: 8
  • Cooling: Yes
  • Cooling: Central Air, Electric
  • Heating: Yes
  • Heating: Central, Electric, Forced Air
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
Room Information
Room 1
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 2
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 3
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.0
Room 4
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.0
Room 5
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 6
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 7
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.0
Room 8
  • Room Area: 100.0
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.0
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 5151 Marla Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5151 Marla Drive

Taxable ValueLand$26,865Additions$329,022Total$355,887
Tax Record2024$3,393 ($283 / month)
Home Facts
Total Finished SqFt4,030 SqFtAbove Grade Finished SqFt4,030 SqFtStories2Lot Size11,587 SqFtStyleQuadraplexYear Built1983Year Renovated2013CountyBAYAPN25286-556-000

Schools near 5151 Marla Drive

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - PK to 5
Rating
School
Distance
Parker Elementary School
PublicPK to 5

Everitt Middle School
Public6 to 8

Rutherford High School
Public6 to 12

Springfield Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5151 Marla Drive is a multi-family home for sale in Panama City, FL 32404. This property was listed for sale on December 4, 2024 by Beachfront Realty, it's currently listed at $695,000. It has been on the market for a total of 15 days and was last sold on January 4, 2021. This listing's school district is Bay. Nearby schools include Parker Elementary School, Everitt Middle School and Rutherford High School. 5151 Marla Drive is a 8-bed, 6-bath, 4,030 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beachfront Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.