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14-Unit Apartment Complex
For Sale
$1,600,000

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

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

Property SizeContact for details
Days on Market90

Property Features for 114-1-8-and-118-1-6-114 S Highway 22 A

General Information

Standard status Active
Listing Agency: Counts Real Estate Group
Listed By: Charlie B Haas · License #3021473
Source: Exprealty
Added: Jun 5 Changed: Sep 2 Last Checked: Sep 2 at 1:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Counts Real Estate Group

Investment Insights

Based on property information with market context.

This 14-unit apartment property comprises four buildings with two distinct unit configurations. Eight apartments measure approximately 800 square feet and are supported by an exterior laundry room of approximately 64 square feet. The remaining six apartments measure approximately 1,100 square feet and include indoor laundry facilities. Roofs across all buildings were replaced in April 2026, while eaves, soffits, and entryways were freshly painted. The property is currently fully occupied.

The complex is located on S Highway 22 A in Panama City, between Tyndall Air Force Base and Panama City, with Panama City Beach nearby. Maintenance and repair records, inspection reports, and financial materials may be reviewed by prospective purchasers and their agents after execution of an NDA.

Key Highlights

  • 14‑unit apartment complex across 4 buildings
  • 8 units at 800± Sq. Ft. with an outside 64± Sq. Ft. laundry room
  • 6 units at 1, 100± Sq. Ft. with indoor laundry

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

204
Businesses Nearby

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-building apartment property with varied floor plans, laundry facilities, and roof replacements completed in April 2026.
Where is this apartment building located?
The property is located at 114-1-8-and-118-1-6-114 S Highway 22 A Panama City, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 14‑unit apartment complex across 4 buildings; 8 units at 800± Sq. Ft. with an outside 64± Sq. Ft. laundry room; 6 units at 1, 100± Sq. Ft. with indoor laundry
More about this property
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