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    Bay County, FL Multifamily Properties for Sale

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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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    Waterfront Triplex With Boat Lift
    Waterfront Triplex With Boat Lift

    6722 S Lagoon Drive, Panama City, FL 32408

    $1,100,000
    2,720 sqft 0.25 AC lot

    Updated lagoon property combines a furnished primary residence with two separate one-bedroom units and private boating amenities.

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    Motel Property with Seven Bedrooms
    Motel Property with Seven Bedrooms

    604 Fernwood Street, Panama City Beach, FL 32407

    $650,000
    2,556 sqft 0.42 AC lot

    Block construction, public sewer, and window-unit cooling support multiple commercial lodging configurations.

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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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    Newly Built Five-Plex Apartment Building
    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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    Pool-Amenitized Multifamily Property
    Pool-Amenitized Multifamily Property

    604 Fernwood Street, Panama City Beach, FL 32407

    $650,000
    2,556 sqft 0.42 AC lot

    Former motel with a private pool, paved parking, and flexible residential configuration options.

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    Furnished Duplex Near Beach Access
    Furnished Duplex Near Beach Access

    5220 Beach Drive, Panama City, FL 32408

    $589,999
    1,232 sqft 0.14 AC lot

    Two private residences provide flexible personal-use, vacation-rental, or long-term tenant options near the Gulf shoreline.

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    Two-Unit Duplex
    Two-Unit Duplex

    147/ 149 Claire Avenue, Panama City, FL 32401

    $350,000
    2,400 sqft 0.16 AC lot

    Each residence offers three bedrooms, two bathrooms, central HVAC, and electric cooking and water heating.

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    Vacant Duplex with Fenced Yard
    Vacant Duplex with Fenced Yard

    3039 Headland Ave, Panama City, FL 32405

    $319,999
    1,728 sqft

    Two matching units offer living areas, kitchens, and private attached storage.

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    Beach-Access Fourplex
    Beach-Access Fourplex

    4113 Holiday Drive, Panama City, FL 32408

    $995,000
    2,944 sqft 0.05 AC lot

    Four separate units are positioned for short-term rentals or long-term tenancy near the Gulf and public beach access.

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    Leased Two-Unit Duplex
    Leased Two-Unit Duplex

    314 & 316 Bayou Avenue, Panama City, FL 32401

    $350,000
    2,438 sqft 0.09 AC lot

    Newer income property with two three-bedroom, two-bath units and current leases in place.

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    Two-Unit Duplex
    Two-Unit Duplex

    314 & 316 Bayou Ave, Panama City, FL 32401

    $350,000
    2,438 sqft

    Recently constructed duplex with two leased residences, each offering a three-bedroom, two-bathroom layout.

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    Renovated Duplex with Fenced Yard
    Renovated Duplex with Fenced Yard

    116 Lakeside Circle, Panama City Beach, FL 32413

    $510,000
    1,664 sqft 0.17 AC lot

    Brick duplex with central air, updated finishes, and a fenced rear yard in Panama City Beach.

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    Three-Unit Triplex
    Three-Unit Triplex

    726 Detroit Avenue, Panama City, FL 32401

    $599,000
    3,891 sqft

    Three fully occupied units built in 2023, each with private driveway access and backyard space.

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    Fourplex Near Beach Access
    Fourplex Near Beach Access

    4113 Holiday Drive, Panama City, FL 32408

    $995,000
    2,944 sqft

    Four-unit property with tiled interiors, ceiling fans, and a paved driveway near Gulf access and Lower Grand Lagoon amenities.

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    Duplex with Remodeled Units
    Duplex with Remodeled Units

    Panama City, FL 32401

    $249,000
    1,204 sqft 0.17 AC lot

    Remodeled duplex with two 2-bedroom, 1-bath units, central air, electric heat, and a private outdoor storage shed for each unit.

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    Duplex with Two Private Patios
    Duplex with Two Private Patios

    3707 Mystic Street, Panama City Beach, FL 32408

    $645,000
    2,088 sqft 0.13 AC lot

    Two separately configured sides offer kitchens, fireplaces, patios, and access near the lagoon, boat ramp, and beach.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    1341 E Park Road #S1-4, Panama City, FL 32404

    $400,000
    3,000 sqft

    Four residential units offer a compact multifamily configuration with two bedrooms and one bathroom per apartment.

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    Furnished Two-Unit Duplex
    Furnished Two-Unit Duplex

    8402 Elizabeth Avenue, Panama City Beach, FL 32408

    $529,000
    1,788 sqft 0.14 AC lot

    Furnished duplex with two-bedroom units, renovated interiors, and no HOA.

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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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    Furnished Duplex Near Beach
    Furnished Duplex Near Beach

    3914 Ural Street, Panama City, FL 32408

    $549,900
    2,509 sqft 0.14 AC lot

    Two-level configuration includes a separate-entry one-bedroom apartment and an updated four-bedroom main residence.

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    Remodeled 6-Unit Apartment Building
    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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    Duplex with Patio and Backyard
    Duplex with Patio and Backyard

    2826 La Mesa Avenue, Panama City, FL 32405

    $450,000
    2,500 sqft

    Each residential unit includes three bedrooms, two bathrooms, a modern kitchen, and access to a large backyard.

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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    147/ 149 Claire Ave, Panama City, FL 32401

    $350,000
    2,400 sqft

    Newer income property with two occupied three-bedroom units and established leases.

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    Quadplex With Buildable Lots
    Quadplex With Buildable Lots

    2907 Sarah Jean Court, Panama City Beach, FL 32408

    $1,299,000
    3,200 sqft 0.71 AC lot

    Four single-story cottages offer furnished short-term rental capability, contemporary finishes, and paved individual driveways.

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