Bay County, FL Apartment Buildings for Sale

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27 properties

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Updated: Jun 9, 2025

Turn-Key Panama City Investment Property

1300 Grace Avenue, Panama City, FL 32401

$1,150,000

8,652 sqft

Turn‑key investment property featuring 10 units.
Units renovated in 2019 and meticulously maintained.
High occupancy with an average rental rate of $1,195/month per unit.
Low landlord responsibilities (grass, trash, and maintenance).
Separately metered for electric and water.

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This listing looks promising.

Here's a quick look at some key insights for

1300 Grace Avenue, Panama City, FL 32401

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Est. Cap Rate

8.3%
Above avg (5.9%)
Est. NOI

$96K
Annual
Price @ 7% Cap

$1.37M
Above asking
Property Type

Duplex
Built 1986

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Updated: May 13

6-Unit Remodeled Apartment Property

119 College Avenue, Panama City, FL 32401

$695,000

5,222 sqft 0.41 AC lot

Six rental units totaling 15 bedrooms and 9 bathrooms
Four buildings on a 0.41‑acre corner lot
5,222 square feet of apartment and residential improvements
Principal building includes three apartments with 8 bedrooms and 5 bathrooms
Remodeled interiors, updated kitchens, new LVP flooring, and multiple HVAC systems

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14-Unit Apartment Complex

114 S Highway 22 A, Panama City, FL 32404

$1,600,000

13,768 sqft 0.65 AC lot

Four-building 14-unit apartment complex with 100% occupancy, including indoor and outdoor laundry options.

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Six-Unit Apartment Building

528 Kraft Avenue, Panama City, FL 32401

$1,300,000

6,372 sqft

Newer six-unit complex built in 2024 with central HVAC, block construction, and accessible ramp entry.

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Newly Built Five-Plex Apartment Building

5333-5345 Cherry Street, Panama City, FL 32404

$1,575,000

8,385 sqft

2025-built five-plex is fully occupied with long-term tenants and attached 1-car garages for each unit.

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Renovated Six-Unit Apartment Property

116 Springfield Avenue, Panama City, FL 32401

$578,000

2,907 sqft 0.31 AC lot

Six detached residences combine updated interiors, separate utility metering, and established occupancy in a compact multifamily configuration.

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Six-Unit Apartment Building

116 Springfield Avenue, Panama City, FL 32401

$578,000

2,907 sqft 0.31 AC lot

Fully occupied multifamily property with detached residences, updated interiors, and separate utility metering for water and electricity.

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5-Unit Apartment Building

520 Maine Avenue, Panama City, FL 32401

$350,999

4,768 sqft 0.32 AC lot

Five-unit apartment property with public sewer and shingle/composition roofing on a 0.32-acre lot in Panama City.

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Remodeled 6-Unit Apartment Building

143 Claire Avenue #101, Panama City, FL 32401

$399,900

1,612 sqft

Six studio apartments offer a compact multifamily configuration with updated interiors and manageable scale.

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New Construction Townhome Investment Opportunity

6710-6718 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

Five-unit townhome building near Tyndall Air Force Base.

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Five-Unit Townhome Apartment Building

6720-6728 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

New construction five-unit townhome building with three-bedroom units and attached one-car garages.

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50-Unit Multifamily Investment Opportunity

3510/ 3536 Saint John Street, Panama City, FL 32401

$6,200,000

33,060 sqft 2.80 AC lot

Renovated apartment community near Panama City Beach with assumable financing.

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Waterfront Community with Marina

240 Harmon Avenue, Panama City, FL 32401

$6,197,500

29,796 sqft 1.05 AC lot

34-unit waterfront community with 22-slip marina in revitalizing downtown.

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New Construction Townhome Investment Opportunity

6720-6728 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

Five-unit townhome building near Tyndall Air Force Base.

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New Construction Townhome Investment Opportunity

6710-6718 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

Five-unit townhome building near Tyndall Air Force Base.

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Gulf-Front Condo with Rental Potential

15817 Front Beach Road #1-706, Panama City Beach, FL 32413

$595,000

1,223 sqft

Furnished 2-bedroom condo with bunk room, Gulf views, rental ready.

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Four-Building Multifamily Portfolio

114 S HWY 22 A, Panama City, FL 32404

Contact for pricing

13,768 sqft

For sale multifamily portfolio with four buildings totaling 14 units.

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Updated Condo with Lake Views

9860 S Thomas Drive #309, Panama City, FL 32408

$325,000

1,262 sqft

Tastefully decorated, fully furnished condo with lake views and resort amenities.

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Panama City Townhome Investment Opportunity

1512 Kraft Avenue, Panama City, Panama City, FL 32405

$995,917

8,208 sqft 0.48 AC lot

Eight townhomes, fully occupied, low maintenance, excellent investment property.

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Waterfront Community with Marina

240 Harmon Avenue, Panama City, FL 32401

$6,185,000

1.06 AC lot

34-unit waterfront community with 22-slip marina in Panama City.

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Coastal Condo at Horizon South

17462 Front Beach Road #35D, Panama City Beach, FL 32413

$260,000

960 sqft

Charming 2BR condo with resort amenities and rental potential.

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Panama City Garden Style Apartments

5820 Hickory St, Panama City, FL 32404

Contact for pricing

12,096 sqft

16-unit apartment building near Tyndall Air Force Base.

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Refreshed Beachside Apartment Complex

644 W Caladium Circle, Panama City Beach, FL 32413

$3,404,000

0.26 AC lot

26-unit complex with beach views and strong occupancy.

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Garden-Style Multifamily Community

35103536 Saint John Street, Panama City, FL 32401

$6,225,000

Fifty-unit garden-style apartment community with a mix of one- through four-bedroom units plus on-site laundry and office space.

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Bay County, FL Apartment Buildings Market Trends and Statistics

Explore 36 apartment buildings for sale in Bay County, FL, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 184,966 square feet of properties for sale, with an estimated market value of $49,955,066.

Sale prices for two-family homes in Bay County, FL start at $260,000, averaging $2,081,461, and reaching up to $6,243,750 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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