Residential apartment building for sale in Carrasquilla
A 12-apartment income property with room to expand
Carrasquilla, Panamá
Active
$700,000
USD$1,009 / m²
- 694 m²Built area
- 12Bed
- 10Bath
- 3Parking
Overview
This operating residential building in Carrasquilla brings together 12 existing apartments and an additional rear parcel with potential to expand the rental offering. The property is described as currently operating and generating income, making its existing apartment mix and expansion opportunity central to its appeal. The building has 694 m² of construction across two levels and includes three parking spaces. Its 12 apartments comprise 11 one-bedroom residences and one two-bedroom residence. At the rear, an additional parcel of approximately 204 m² measures about 17 m deep by 12 m wide. The space is described as potentially accommodating at least four more apartments, subject to design, zoning, permits and applicable regulations. Located in Carrasquilla, within Panama City, the property is offered for US$700,000. Its combination of established residential units and a separate rear area gives an investor options to assess the current operation and explore a future expansion plan. Contact Casanova Realty to request further information or arrange a visit.
In Short
The Carrasquilla residential building is offered for US$700,000. It has 12 apartments across two levels, three parking spaces and a separate rear parcel of approximately 204 m². The apartment mix is 11 one-bedroom units and one two-bedroom unit.
Before You Decide
- Assess the current rent roll and operating expenses; the property is described as income-generating, but detailed financials are not provided.
- Verify the apartment-wide bedroom and bathroom totals before underwriting.
- Treat the expansion estimate as subject to design, zoning, permits and applicable regulations.
- Confirm the legal parcel boundaries and total lot area, including the described rear parcel.
Highlights
- Operating residential building described as income-generating
- 12 existing apartments: 11 one-bedroom units and one two-bedroom unit
- 694 m² of construction across two levels
- Three parking spaces
- Additional rear parcel of approximately 204 m²
- Rear parcel measures approximately 17 m by 12 m
- Potential for at least four additional apartments, subject to approvals
- Asking price: US$700,000
At a Glance
- Status
- Available
- Asking price
- $700,000
- Price per m² of construction
- $1,008.65/m²
- Apartments
- 12 units
- Apartment mix
- 11 one-bedroom and 1 two-bedroom
- Construction area
- 694 m²
- Building levels
- 2
- Parking
- 3 spaces
- Additional rear land
- Approximately 204 m²
- Neighborhood
- Carrasquilla
- City
- Panama City
- Listing ID
- CNV-PROP-041331
Key Facts
- Category
- Residential
- Property type
- Entire Building
- Unit type
- Building Entire
- Listed
- 4 October 2026
- Last updated
- 4 October 2026
Gallery
12 photographs of this residence.
What's Included
Everything that stays with the residence.
- 3 parking spaces
Explore Building
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Bedrooms
- 12
- Full baths
- 10
- Total
- 694 m² · 7,470 ft²
Parking & Storage
- Spaces
- 3
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $700,000
- Price per m²
- $1,009 / m²
- Cash to close (est.)
- $210,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $210,000
- Loan amount
- $490,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$3,017
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The property combines 12 existing apartments with an additional rear parcel described at approximately 204 m².
- The building includes three parking spaces and has 694 m² of stated construction area.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$1,009 / m²
Carrasquilla average$1,849 / m²
Panama average$4,306 / m²
Asking 45% below the Carrasquilla average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 12-apartment residential building in Carrasquilla is offered for $700,000, with 694 m² of stated construction area, three parking spaces, and an additional rear parcel of approximately 204 m². The building is described as operating and generating income.
- 7.5%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The rear parcel is described as having potential for at least four additional apartments, subject to design, zoning, permits, and applicable regulations.
Price History
- Listed · October 2026$700,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Carrasquilla
San Francisco, Panamá
Apartment building for sale in Carrasquilla
Carrasquilla, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCarrasquilla on Casanova today
- Active sale listings
- 28
- Active rentals
- 0
- Median asking price per m²
- $2,230
Getting Around
San Francisco, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How many apartments are in the building?
The building has 12 existing apartments: 11 with one bedroom and one with two bedrooms.
What is the building's construction area?
The stated construction area is 694 m².
Does the property include additional land?
An additional rear parcel of approximately 204 m² is described, with approximate dimensions of 17 m by 12 m.
How many parking spaces are included?
The property has three parking spaces.
Can the rear parcel support more apartments?
The rear parcel is described as potentially allowing at least four additional apartments, subject to design, zoning, permits and applicable regulations.
What is the asking price?
The asking price is US$700,000.
How many apartments does the building have?
It has 12 apartments: 11 one-bedroom units and one two-bedroom unit.
Is there additional land?
Yes. An additional rear parcel of approximately 204 m² is described.
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