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    Panama City, FL Apartment Buildings for Sale

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    Remodeled Six-Unit Apartment Property
    Updated: May 13
    Remodeled Six-Unit Apartment Property

    119 College Avenue, Panama City, FL 32401

    $695,000
    5,222 sqft 0.41 AC lot
    Six income‑producing units across four buildings
    15 bedrooms and 9 bathrooms within 5,222 square feet
    0.41‑acre corner lot in Flood Zone X
    Primary residence renovated down to the studs with updated kitchens and three new HVAC systems
    Three detached single‑family homes, including one extensively remodeled unit
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    14-Unit Apartment Building
    Updated: Jun 5
    14-Unit Apartment Building

    114 S Highway 22 A, Panama City, FL 32404

    $1,400,000
    13,768 sqft 0.65 AC lot
    14‑unit apartment complex across 4 buildings
    13,768 square feet on 0.65 acres
    Unit mix includes 8 apartments at 800+/- square feet and 6 apartments at 1,100+/- square feet
    Exterior 64+/- square feet laundry rooms serve the 8 smaller units; 6 larger units have indoor laundry
    All apartments currently 100% occupied
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2600 E 1st Plaza, Panama City, FL 32401

    $675,000
    2,432 sqft 0.35 AC lot

    Recently built multifamily property with one-bedroom, one-bathroom residences and central heating and cooling.

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    See hot listings in Panama City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Renovated Garden-Style Apartment Community
    Renovated Garden-Style Apartment Community

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

    $6,243,750
    33,060 sqft

    Garden-style community with on-site laundry, a separate office building, and extensive unit and system upgrades.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    528 Kraft Avenue, Panama City, FL 32401

    $1,300,000
    6,372 sqft

    Multifamily property with central HVAC, stacked washer-dryer appliances, and ramp access.

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    Renovated Six-Unit Apartment Property
    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
    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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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2600 E 1st Plaza, Panama City, FL 32401

    $675,000
    2,432 sqft

    Newer multifamily property with one-bedroom units and water and garbage service included in rent.

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    Six-Unit Apartment Property
    Six-Unit Apartment Property

    116 Springfield Ave, Panama City, FL 32401

    $578,000
    2,907 sqft

    Remodeled rental compound with individually metered dwellings and fully occupied units.

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    4-Unit Apartment Building
    4-Unit Apartment Building

    1339 E Park Road #R1-4, Panama City, FL 32404

    $400,000
    3,000 sqft

    Two-bedroom apartments with one bath each and approximately 750 square feet per unit.

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    Remodeled 6-Unit Apartment Building
    Remodeled 6-Unit Apartment Building

    143 Claire Ave Unit 101, Panama City, FL 32401

    $389,900
    1,612 sqft

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

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    50-Unit Multifamily Investment Opportunity
    50-Unit Multifamily Investment Opportunity

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

    $6,243,750
    33,060 sqft

    Renovated apartment community near Panama City Beach with assumable financing.

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    Waterfront Community with Marina
    Waterfront Community with Marina

    240 Harmon Ave, Panama City, FL 32401

    $6,185,000
    29,796 sqft

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

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    Turn-Key Panama City Investment Property
    Turn-Key Panama City Investment Property

    1300 Grace Avenue, Panama City, FL 32401

    $1,150,000
    8,652 sqft

    Fully renovated 10-unit apartment building in growing Panama City.

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    Four-Building Multifamily Portfolio
    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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    Panama City Townhome Investment Opportunity
    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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    12-Unit Apartment Community
    12-Unit Apartment Community

    1623 N James Avenue, Panama City, FL 32405

    $1,797,000

    Townhome-style residences offer updated interiors, private laundry hookups, and assigned parking for each unit.

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    14-Unit Apartment Complex
    14-Unit Apartment Complex

    114-1-8-and-118-1-6-114 S Highway 22 A, Panama City, FL 32404

    $1,400,000

    Four-building apartment property with varied floor plans, laundry facilities, and roof replacements completed in April 2026.

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    50-Unit Apartment Building
    50-Unit Apartment Building

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

    $6,225,000

    Garden-style rental community with renovated residences, on-site laundry, and a separate office and storage building.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Panama City, FL, we suggest to view alternatives - similar 8 Off-Market properties to explore as potential leads.

    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2602 Willow Oak Ct
    Multifamily properties

    2602 Willow Oak Ct, Panama City, FL 32408

    Estimated value: by Request
    3,000 sqft
    View details
    3900 17Th St
    Multifamily properties

    3900 17Th St, Panama City, FL 32401

    Estimated value: by Request
    View details
    1400 Gulf Ave
    Multifamily properties

    1400 Gulf Ave, Panama City, FL 32401

    Estimated value: by Request
    4,600 sqft
    View details
    1631 James Ave
    Multifamily properties

    1631 James Ave, Panama City, FL 32405

    Estimated value: by Request
    View details

    Panama City, FL Apartment Buildings Market Trends and Statistics

    Explore 27 apartment buildings for sale in Panama City, FL, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 170,103 square feet of properties for sale, with an estimated market value of $37,509,317.

    Sale prices for apartment complexes in Panama City, FL start at $389,900, averaging $2,083,850, 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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    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32408 $325K
    32404 $1.1M
    32405 $1.4M
    32401 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 50,000 to 100,000 square foot range.

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Panama City, FL

    • 32401
    • 32404
    • 32405
    • 32408

    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com
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