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    Panama City Beach, FL Multifamily Properties for Sale

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    Panama City, FL Callaway, FL Port St Joe, FL Mexico Beach, FL Wewahitchka, FL
    42 properties
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    Two-Residence Beach-Access Duplex
    Updated: Sep 1
    Two-Residence Beach-Access Duplex

    13801 Bay Avenue, Panama City Beach, FL 32413

    $899,000
    2,320 sqft
    Two separate 3‑bedroom, 2‑bath residences on one parcel
    Approximately 2,320 square feet of combined living space
    Short‑term rentals permitted in this section of Bid‑A‑Wee
    Deeded, gated beach access in the neighborhood
    Boat, guest, oversize, and RV parking features
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    Quadplex Investment Property
    Updated: Jul 7
    Quadplex Investment Property

    133 Gwyn Drive, Panama City Beach, FL 32408

    $745,000
    3,732 sqft 0.21 AC lot
    0.21‑acre lot with a 3,732 SF quadplex built in 1998
    Roof replaced in 2019
    Zoned within an x flood zone and Commercial Mixed Use, applicable for short‑term rental use
    Central heating and Central air; 4‑point inspection reports available for each unit covering HVAC and plumbing
    About 7 minutes from Beach Access 2
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    Triplex with Converted Garage Flex Space
    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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    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
    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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    New Construction Duplex
    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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    Furnished Short-Term Rental Duplex
    Furnished Short-Term Rental Duplex

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

    $979,000
    3,452 sqft

    Two furnished units feature private outdoor space, covered porches, and individual garages.

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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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    7-Bedroom Motel Property
    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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    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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    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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    Short-Term Rental Property with ADU
    Short-Term Rental Property with ADU

    209 Oleander Drive, Panama City Beach, FL 32413

    $1,225,000
    2,798 sqft

    Two separate living spaces, a workshop, and beach proximity support flexible personal or rental use.

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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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    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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    Furnished Two-Unit Duplex
    Furnished Two-Unit Duplex

    8402 Elizabeth Avenue, Panama City Beach, FL 32408

    $529,000
    1,788 sqft

    Updated interiors and outdoor features support flexible owner-use or rental arrangements near public beach access.

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    Short-Term Rental Property with ADU
    Short-Term Rental Property with ADU

    209 Oleander Drive, Panama City Beach, FL 32413

    $1,225,000
    2,798 sqft

    Flexible beach-area property with two living spaces, a detached workshop, and a recently built carriage house with garage.

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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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    Beach Access Quadplex
    Beach Access Quadplex

    5012 Gulf Drive, Panama City Beach, FL 32408

    $1,599,999
    3,500 sqft 0.13 AC lot

    Four furnished ground-floor units with shared pool access and short-term rentals permitted without an HOA.

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    Short-Term Rental Townhome with Gulf Views
    Short-Term Rental Townhome with Gulf Views

    8706 Surf Drive, Panama City Beach, FL 32408

    $439,000
    1,150 sqft 0.04 AC lot

    A two-bedroom, two-bath layout includes updated interiors, a private patio, and furnished accommodation.

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    Short-Term Rental Cottage Quadplex
    Short-Term Rental Cottage Quadplex

    2907 Sarah Jean Court, Panama City Beach, FL 32408

    $1,299,000
    3,200 sqft

    Four 2-bedroom, 2-bath cottages with furnished short-term units and additional buildable lots included in the sale.

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    Gulf-Front Short-Term Rental Studio
    Gulf-Front Short-Term Rental Studio

    14401 Front Beach Road, Panama City Beach, FL 32413

    $140,000
    330 sqft

    Remodeled studio condo with Gulf views, efficient kitchen, updated bath, and furnishings suited to vacation rental use.

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    Gulf Front Corner Condo
    Gulf Front Corner Condo

    10901 Front Beach Road #1601, Panama City Beach, FL 32407

    $750,000
    1,610 sqft

    West End 4-bedroom condo with stunning sunset views.

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    Duplex with Separate Power and Water
    Duplex with Separate Power and Water

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

    $475,000
    2,196 sqft

    Two-unit duplex built in 2019 with each unit separately metered for power and water.

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    Gulf-Front Condo with Rental Potential
    Gulf-Front Condo with Rental Potential

    15817 Front Beach Road #1-706, Panama City Beach, FL 32413

    $595,000
    1,223 sqft

    Furnished 2-bedroom condo with bunk room, Gulf views, rental ready.

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    Furnished Five-Unit Short-Term Rental
    Furnished Five-Unit Short-Term Rental

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft

    Turnkey, fully furnished rental compound with separate entrances, modern coastal interiors, and a short walk to the Gulf.

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    Panama City Beach, FL Multifamily Properties Market Trends and Statistics

    Explore 47 multifamily properties for sale in Panama City Beach, FL, showcased through 42 active listings on our real estate platform. These investment opportunities span a total of 100,507 square feet of properties for sale, with an estimated market value of $38,081,899.

    Sale prices for multifamily properties in Panama City Beach, FL start at $140,000, averaging $1,120,055, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 32
    Duplexes 15
    Apartment buildings 7
    Quadplexes 5
    Triplexes 3

    Demographics Overview

    Population 71K
    Population Growth (5Y) +2,055.8%
    Median Household Income $72,438
    College Educated 42.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    Panama City - 32408 $794.8K
    Panama City Beach - 32407 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $14.55 per SF
    Tax Rate vs County Average 0.16 pp below 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 pricing trends across core commercial property types in Bay County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City Beach fall within the 25,000 to 50,000 square foot range.

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    Browse Multifamily properties for Sale Near Panama City Beach, FL

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    Most Searched ZIP Codes in Panama City Beach, FL

    • 32413
    • 32408
    • 32407

    Featured Panama City Beach Real Estate Agencies

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

    RC Real Estate Group
    10010 Hutchinson Blvd Panama City Beach, FL 32407
    Phone: 18502496100
    www.rcrealestategroup.com
    Pineapple Properties
    234 Middleburg Dr Panama City Beach, FL 32413
    Phone: 18508144640
    www.pineappleprop.com
    Beachy Beach Real Estate
    17747 AShley Dr Unit A Panama City Beach, FL 32413
    Phone: 18505275651
    www.beachybeach.com

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