Two apartment buildings for sale in El Cangrejo
Ten apartments across two buildings on Vía Argentina
El Cangrejo, Panamá
Active
$3,200,000
USD$937 / m²Negotiable
- 3,415 m²Built area
- 1,773 m²Land
Overview
An unusual multifamily opportunity brings together two adjoining lots on Vía Argentina and two apartment buildings with 10 apartments in total. Set in El Cangrejo, this property pairs established residential units with a location surrounded by the everyday services and urban access of central Panama City. The property has 3,415 m² of total area on land measuring 1,773 m². One building contains six apartments of approximately 224.57 m² each, with three bedrooms, two bathrooms, a closed kitchen, a balcony and one parking space per apartment. The second building contains four apartments of approximately 190 m² each. Parking is also available at the property. CCTV surveillance and an electric gate serve the property. Vía Argentina is known for its tree-lined, flower-adorned boulevards and its mix of shops and restaurants. Supermarkets, banks, Parque Andrés Bello, schools and universities are nearby, while Vía Argentina Metro station and major routes including Vía España, Transístmica and Avenida Manuel Espinosa Batista connect the area. Explore the possibilities of this El Cangrejo property and arrange a conversation with our team.
In Short
The two apartment buildings on Vía Argentina are offered for $3,200,000. The property has 3,415 m² of total area, 1,773 m² of land and 10 apartments. One building contains six apartments of approximately 224.57 m² each, with three bedrooms, two bathrooms, a closed kitchen, balcony and one parking space per apartment; the other contains four apartments of approximately 190 m² each.
Before You Decide
- The property combines two adjoining lots with two apartment buildings and 10 apartments.
- The six-apartment building has stated unit layouts and one parking space per apartment; unit details for the other four apartments should be confirmed.
- The property is on Vía Argentina near Parque Andrés Bello, the Vía Argentina Metro station, restaurants, shops, schools and universities.
- The 3,415 m² total-area figure and 1,773 m² land figure should be checked against survey and building documents.
Highlights
- Two adjoining lots on Vía Argentina
- Two apartment buildings with 10 apartments in total
- 3,415 m² of total area and 1,773 m² of land
- Six apartments of approximately 224.57 m² each in one building
- Those six apartments have three bedrooms, two bathrooms and a closed kitchen
- One parking space per apartment in the six-apartment building; additional property parking is stated
- CCTV surveillance circuit and electric gate
- Near Parque Andrés Bello, Vía Argentina Metro station, restaurants, shops, schools and universities
At a Glance
- Status
- Available for sale
- Asking price
- $3,200,000
- Price per total m²
- $937.04/m²
- Total area
- 3,415 m²
- Land area
- 1,773 m²
- Apartments
- 10 across 2 buildings
- Parking
- Available; total spaces not specified
- Building
- Edificios 59 y 61
- Neighborhood
- El Cangrejo
- City
- Panama City
- Zoning
- 1ZM7
- Listing ID
- CNV-PROP-049574
Key Facts
- Category
- Mixed Use
- Property type
- Entire Building
- Unit type
- Building Entire
- Listed
- 20 July 2022
- Last updated
- 13 October 2026
Gallery
12 photographs of this residence.
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
- Total
- 3,415 m² · 36,759 ft²
Parking & Storage
- Covered
- No
Lifestyle
- Walkable
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $3,200,000
- Price per m²
- $937 / m²
- Cash to close (est.)
- $960,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $960,000
- Loan amount
- $2,240,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$13,792
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 asking price is approximately $937.04 per m², calculated using the $3,200,000 asking price and the stated 3,415 m² total area.
- The stated 2022 appraisal is $3,667,500, compared with the current stated asking price of $3,200,000.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$937 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 58% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The property is offered at $3,200,000 and has a stated 2022 appraisal of $3,667,500. It comprises two adjoining lots and two apartment buildings with 10 apartments; rental income, operating costs and yields are not provided.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The two adjoining lots are described as suitable for residential or commercial development.
Price History
- Listed · July 2022$3,200,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Edificios 59 y 61
El Cangrejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsEl Cangrejo on Casanova today
- Active sale listings
- 249
- Active rentals
- 0
- Median asking price per m²
- $2,071
Getting Around
Bella Vista, 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 included?
The property includes 10 apartments across two buildings: six in one building and four in the other.
What is the layout of the six-apartment building?
Each of those six apartments is approximately 224.57 m² and has three bedrooms, two bathrooms, a closed kitchen, a balcony and one parking space.
What security features are stated for the property?
The property has a CCTV surveillance circuit and an electric gate.
What is the zoning designation?
The stated zoning designation is 1ZM7.
What is the asking price and stated 2022 appraisal?
The asking price is $3,200,000, and the stated 2022 appraisal is $3,667,500.
How many apartments are included in the property?
The property includes 10 apartments across two buildings.
What is the layout of the six apartments in one building?
Each is approximately 224.57 m², with three bedrooms, two bathrooms, a closed kitchen, a balcony and one parking space.
Is parking available?
Yes. One parking space is specified for each of the six apartments in one building, and parking is also stated for the property overall.
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Interested in Two apartment buildings for sale in El Cangrejo?
Speak to our team — viewings in person or by video, usually within 48 hours.