5333-5345 Cherry Street, Panama City, FL, 32404

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5333-5345 Cherry Street, Panama City, FL, 32404

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$1,575,000
New Listing

5333-5345 Cherry Street
Panama City, FL 32404

For Sale|Multi Family|Active
0
Beds
0
Total Baths
8,385
SqFt
$188
/SqFt
2025
Built
Subdivision:
No Named Subdivision
County:
Bay
Listing courtesy of Michael Tomlin of Coldwell Banker Realty
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
5333-5345 Cherry Street5333-5345 Cherry Street5333-5345 Cherry Street5333-5345 Cherry Street
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Monthly Payment (Est.)

$7,186
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, approximately 1,677 square feet, and an attached 1-car garage, creating an ideal setup for stable long-term rental demand and strong occupancy potential. These thoughtfully designed units showcase upscale finishes throughout, including oversized open-concept living spaces, luxury vinyl plank flooring, recessed lighting, modern fixtures, and beautifully appointed kitchens with custom cabinetry, stainless steel appliances, oversized islands, and warm butcher block countertops. The bathrooms offer a high-end contemporary feel with custom vanities, designer lighting, vessel sinks, designer mirrors, and stunning tiled walk-in showers with frameless glass enclosures. Built with today's renter in mind, each residence offers spacious layouts, modern coastal-inspired exteriors, private garage parking, and stylish, durable finishes designed for long-term appeal and minimal upkeep. The property also features ample parking, attractive curb appeal, and a clean, modern aesthetic that sets it apart from typical multifamily offerings. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this fully leased, turnkey development offers a rare opportunity to own a brand-new income-producing property with immediate cash flow and modern construction advantages.

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Listing Snapshot
Price 
$1,575,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,385 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2025
MLS® Number 
790023
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoListing first seen on site
18 hours agoListing updated with changes from the MLS®
General Features
Property Sub Type 
Multi Family
SqFt Total 
8385
Zoning 
Resid Multi-Family
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Community Features
MLS Area 
02 - Bay County - Central
Schools
School District
Unknown
Elementary School
Parker
Middle School
Everitt
High School
Rutherford
Listing courtesy of Michael Tomlin of Coldwell Banker Realty



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-05-19 11:58 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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