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    Bay County, FL Multifamily Properties for Sale

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    Turnkey Duplex Rental
    Turnkey Duplex Rental

    803 E 10TH Court Unit A & B, Panama City, FL 32401

    $174,900
    1,448 sqft

    Turnkey duplex configured as Units A and B with annual gross income of $19,725.

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    Two-Unit Duplex with Vacant Side
    Two-Unit Duplex with Vacant Side

    1209/1211 E 10th Street, Panama City, FL 32401

    $170,000
    1,640 sqft

    One unit is vacant, while the second has a long-term tenant in place.

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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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    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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    Local Demand available after sign in
    Beachfront Inn Investment Opportunity
    Beachfront Inn Investment Opportunity

    8614 Surf Drive, Panama City, FL 32408

    $4,000,000
    7,723 sqft 0.50 AC lot

    Income-producing 11-unit inn with expansion potential on over half-acre.

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    Updated One-Bedroom Duplex
    Updated One-Bedroom Duplex

    1103 E 11th Street Unit A & B, Panama City, FL 32401

    $150,000
    960 sqft

    Occupied rental property with newer windows, HVAC equipment, and appliances in place.

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    Mobile Home Park For Sale
    Mobile Home Park For Sale

    2300 Sherman Avenue, Panama City, FL 32405

    $4,000,000
    9.00 AC lot

    9-acre mobile home park with leased lots and homes.

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    Furnished Beach-Access Townhome
    Furnished Beach-Access Townhome

    8706 Surf Drive, Panama City Beach, FL 32408

    $459,000
    1,150 sqft 0.05 AC lot

    Furnished two-bedroom townhome with renovated interiors, private patio, fenced backyard, and a private garage for beach gear.

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    Laguna Beach Duplex Investment Opportunity
    Laguna Beach Duplex Investment Opportunity

    109 Granger Ln, Panama City Beach, FL 32413

    $849,000
    0.23 AC lot

    Duplex in Laguna Beach with waterfront views. Rental projections: $130,000.

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    Two-Building Mixed-Use Property
    Two-Building Mixed-Use Property

    2900 East 5th Street, Panama City, FL 32401

    Contact for pricing
    3,486 sqft 0.33 AC lot

    The property offers connected utilities, city water, sewer service, and direct road access.

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    Coastal Condo at Horizon South
    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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    14-Unit Apartment Complex
    14-Unit Apartment Complex

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

    $1,600,000

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

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    Panama City Beach Multifamily Property
    Panama City Beach Multifamily Property

    13210 Front Beach Rd, Panama City Beach, FL 32407

    Contact for pricing
    3,302 sqft

    Multifamily property in Panama City Beach with 9.05% CAP.

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    Panama City Beach Condo
    Panama City Beach Condo

    17462 Front Beach Road #42H, Panama City Beach, FL 32413

    $200,000
    608 sqft

    Furnished 1-bedroom condo near beach and Pier Park.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    2432 Valley Oak Court A&B, Panama City Beach, FL 32408

    $475,000
    2,196 sqft

    Two-bedroom residences offer separate utilities, private outdoor space, and a fenced yard for flexible occupancy.

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    Beach-Access Quadplex
    Beach-Access Quadplex

    4113 Holiday Dr, Panama City Beach, FL 32408

    $995,000

    Four-unit property near the Gulf with flexibility for vacation rentals or longer-term occupancy.

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    Partially Renovated Residential Income Property
    Partially Renovated Residential Income Property

    1013 Georgia Avenue, Panama City, FL 32404

    $90,000
    750 sqft

    Two-bedroom, two-bath property with renovation work underway and single-family residential zoning.

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    Duplex With Heated Saltwater Pool
    Duplex With Heated Saltwater Pool

    Panama City Beach, FL 32413

    Contact for pricing
    4,100 sqft

    Two-story income property with spacious layouts, outdoor storage, covered porches, and Gulf access within one block.

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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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    18-Unit Multifamily Property
    18-Unit Multifamily Property

    6321 Lenawee Street, Panama City, FL 32404

    $2,075,000

    Five stucco buildings contain separately metered residential units near retail, dining, major roadways, and Tyndall Air Force Base.

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    Furnished Beach Duplex
    Furnished Beach Duplex

    Panama City, FL 32408

    $549,900

    Separate entrances divide a four-bedroom upper residence from a one-bedroom lower suite.

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    Commercial
    Commercial

    5012 Gulf Drive, Unit 1-4, Panama City, FL 32408

    $1,599,999

    Quadplexes

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    Free-Standing Office Building
    Free-Standing Office Building

    9909 Highway 79, Panama City Beach, FL 32413

    Contact for pricing
    2,200 sqft

    Office building on Highway 79 with an adjacent income-producing RV site next door.

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    Refreshed Beachside Apartment Complex
    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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    Majestic Gulf Front Beach Home
    Majestic Gulf Front Beach Home

    13401 Oleander Dr, Panama City, FL 32407

    Contact for pricing
    5,984 sqft

    New construction, 8 bedrooms, sleeps 36, gulf front home.

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