Bay County, FL Multifamily Properties for Sale

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115 properties

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Updated: Jun 18

Remodeled Multifamily Property

119 College Avenue, Panama City, FL 32401

$695,000

5,222 sqft 0.41 AC lot

Six income‑producing units across four buildings
5,222 square feet on a 0.41‑acre corner lot
15 bedrooms and 9 bathrooms in total
Primary residence rebuilt from the studs with updated kitchens and three new HVAC systems
30‑year dimensional shingle roofs installed in 2019

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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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Four-Building Apartment Complex

114 S Highway 22 A, Panama City, FL 32404

$1,600,000

13,768 sqft 0.65 AC lot

Fully occupied multifamily property with varied layouts, dedicated laundry areas, and recently improved exterior components.

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See what stands out in Bay County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Furnished Duplex with Private Garages

2311/2313 Anne Ave, Panama City Beach, FL 32408

$979,000

3,452 sqft

Two separately fenced residences feature covered porches, private garages, and furnished interiors.

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Two-Residence Beach-Access Duplex

13801 Bay Avenue, Panama City Beach, FL 32413

$899,000

2,320 sqft

Separate living spaces, private entrances, outdoor areas, and garage access support flexible residential use.

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Furnished Duplex With Private Pools

5237 Thomas Drive, Panama City, FL 32408

$2,199,000

5,156 sqft 0.13 AC lot

Two three-story residences offer Gulf views, enclosed outdoor space, and short- or long-term rental use.

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Mobile Home Park Development Site

333 N Star Avenue, Panama City, FL 32404

$600,000

3,268 sqft 2.61 AC lot

Two 2024 Fleetwood homes accompany a cleared residential tract with well, septic, and power improvements.

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8-Unit Rebuilt Multifamily Property

810 E 25th Street, Panama City, FL 32405

$1,500,000

9,120 sqft

Four duplex buildings offer renovated two-bedroom units with modern systems and indoor laundry rooms.

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Triplex with Converted Garage Flex Space

5612 Hilltop Avenue, Panama City Beach, FL 32408

$625,000

3,804 sqft

Three private units include separate entrances, central systems, and an updated kitchen with granite countertops.

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Updated Quadplex Near Beach Access

133 Gwyn Drive, Panama City Beach, FL 32408

$745,000

3,732 sqft 0.21 AC lot

Four-unit residential property with mixed-use zoning, central HVAC, public sewer, and proximity to beach access, dining, shopping, and groceries.

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7-Bedroom Motel Property

604 Fernwood St, Panama City Beach, FL 32407

$650,000

2,556 sqft

Former hospitality property with flexible room configuration near major beach-area roads, shopping, dining, attractions, and entertainment.

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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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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 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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Waterfront Quadplex

405 Massalina Drive, Panama City, FL 32401

$865,000

2,988 sqft 0.14 AC lot

Includes a furnished carriage house, shared dock, and deep-water access to the Bay and Gulf of Mexico.

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New Construction Duplex

19916 Bonita Drive, Panama City Beach, FL 32413

$825,000

2,400 sqft

Two residences feature modern layouts, private outdoor space, and convenient access to Beach Access #77.

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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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Three-Home Mobile Home Property

12933 Farm Road, Southport, FL 32409

$175,000

2,444 sqft 2.50 AC lot

Corner acreage includes established rentals and residential improvements dating to 1972.

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Updated Waterfront Triplex

6722 S Lagoon Dr, Panama City, FL 32408

$1,100,000

2,720 sqft

Three-unit waterfront property with two boat slips and a boat lift.

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Furnished Duplex with Private Garages

2311/2313 Anne Avenue, Panama City Beach, FL 32408

$979,000

3,452 sqft

Two-unit short-term rental property with enclosed outdoor areas and covered porches for each residence.

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Five-Unit Multifamily Property

520 Maine Ave, Panama City, FL 32401

$350,999

4,768 sqft

Panama City multifamily property with three separately described buildings and residential income-producing zoning.

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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 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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3-Unit Multifamily Property

917 Bradford Circle, Lynn Haven, FL 32444

$545,000

2,908 sqft

Occupied triplex with matching two-bedroom, two-bathroom units and recent roof and air-conditioning updates.

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Bay County, FL Multifamily Properties Market Trends and Statistics

Explore 115 multifamily properties for sale in Bay County, FL, showcased through 115 active listings on our real estate platform. These investment opportunities span a total of 409,545 square feet of properties for sale, with an estimated market value of $117,169,212.

Sale prices for multifamily properties in Bay County, FL start at $90,000, averaging $1,207,930, and reaching up to $8,500,000 — 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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