Opportunity: Building with 4 apartments—generating rental income now!

This multifamily building sits on Calle 64 Bis, in the heart of San Francisco, Panama City — a street perpendicular to Vía Porras, one of the city's best-known and busiest arteries. On a 502.30 sqm lot stands a 285.24 sqm construction, divided into four one-bedroom apartments, each with its own bathroom and a shared kitchen. The asking price is $320,000.

What makes this property especially attractive is that it's already generating income: all four apartments are rented and together produce $19,000 a year. With a low administration fee, that works out to a return on investment (ROI) of roughly 5.9% on the sale price — a solid yield for an already-stabilized property, with no lead time before it starts generating cash flow.

But the real asset here is the land. With 502.30 sqm and ZM4 zoning — a mixed-use area that allows single-family, two-family, row-house, and apartment residential use, with density up to 1,500 people per hectare — the buyer can either hold the current rental income while planning a larger-scale project, or redevelop the lot outright. At its core, this is a well-located land sale with a transitional income stream built in.

Vía Porras is one of the city's most recognizable corridors: it connects the heart of San Francisco with Panama City's main commercial and financial axes, giving any development on this corner a street address with real weight — something not every investment lot can offer.

San Francisco is one of Panama City's most established corregimientos, home to residents of medium, medium-high, and high socioeconomic status. For that same reason, the district concentrates some of the capital's main shopping centers, including Multiplaza and Pacific Center, just minutes from the property.

The area also stands out for its healthcare options: three of the country's most recognized clinics are in San Francisco, including Pacífica Salud, affiliated with Johns Hopkins Hospital, Paitilla Hospital Clinic, and Panama Clinic — a combination of top-tier medical care that few parts of the city can match.

Daily life isn't an issue either: major supermarket chains have a location in San Francisco, making life easier for current tenants and any future resident alike. It's a corregimiento where everything is close by, from work to leisure to essential services.

After the pandemic, the real estate market in several parts of the city recovered its rental rates and sale values, and San Francisco was no exception. That consolidated recovery makes the area a long-term stability play, both for anyone looking for immediate income and for anyone thinking about future appreciation.

It is, in short, a property built for investors with an eye on land value: four already-rented units generating income while the project gets defined, zoning with real room to grow, and a location on Vía Porras, within one of Panama City's best-positioned corregimientos — all for $320,000.

The price has also already been reduced from the original asking price — a sign the owner is looking to close with a serious buyer, and an extra margin opportunity for whoever steps in now, before the San Francisco market finishes adjusting upward. The property is also a short distance from Vía España and the Calle 50 financial corridor, and just minutes from Punta Pacífica — putting it inside the triangle with the highest commercial and medical activity in the entire city. The price is negotiable, and the seller is motivated to close quickly with a serious buyer. For an investor comparing options across the city, few opportunities combine a stabilized rental stream, flexible zoning, and a street address on Vía Porras at this price point. This one is worth a serious look.