Multifamily

Panama City Beach, FL Multifamily Properties for Sale

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Three-Unit Triplex with Separate Entrances
Updated: Jul 8
Three-Unit Triplex with Separate Entrances

5612 Hilltop Avenue, Panama City Beach, FL 32408

$699,000
3,804 sqft
Triplex with 8 bedrooms and 6 bathrooms across three units
Apartment A: split‑level 4‑bed/2‑bath with updated kitchen (white cabinets, granite countertops, stainless steel appliances) plus converted two‑car garage bonus/flex space
Apartment B: 2‑bed/2‑bath second‑floor unit with separate entrance
Apartment C: third‑floor 2‑bed/2‑bath unit with its own entrance
No HOA and an expansive lot with covered parking; room for RV, boat, or multiple vehicles
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5612 Hilltop Avenue, Panama City Beach, FL 32408

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Quadplex with Commercial Mixed Use
Updated: Jul 7
Quadplex with Commercial Mixed Use

133 Gwyn Drive, Panama City Beach, FL 32408

$745,000
3,732 sqft 0.21 AC lot
Quadplex built in 1998 with central heating and central air
Assumable 2.875% FHA mortgage available (subject to lender approval and buyer qualification)
Zoned X flood zone & Commercial Mixed Use
Roof replacement in 2019; 4‑Point Inspection reports available for each unit covering HVAC and plumbing
Vinyl siding construction with public sewer
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Panama City Beach Multifamily Opportunity
Panama City Beach Multifamily Opportunity

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

Versatile property near the beach with redevelopment potential.

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7-Bedroom Motel and Multi-Family
7-Bedroom Motel and Multi-Family

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft

Formerly a motel with 7 bedrooms and 6 bathrooms, offering flexible residential, short-term, or commercial conversion options.

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Former Motel Income Property
Former Motel Income Property

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

Former motel with 7 bedrooms, 6 bathrooms, and an on-site swimming pool for multiple rental configuration possibilities.

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New Construction Duplex with Fenced Yard
New Construction Duplex with Fenced Yard

19916 Bonita Drive, Panama City Beach, FL 32413

$875,000
2,400 sqft

New construction duplex offers two well-appointed residences, each with two bedrooms, ensuite baths, and included laundry.

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Renovated Duplex with Updated Units
Renovated Duplex with Updated Units

116 Lakeside Circle, Panama City Beach, FL 32413

$510,000
1,664 sqft 0.17 AC lot

Renovated duplex with Units A and B, featuring fresh paint, updated flooring, and upgraded fixtures throughout.

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Luxury Beachfront Retreat Investment Property
Luxury Beachfront Retreat Investment Property

19706 Front Beach Road, Panama City Beach, FL 32413

$4,195,000
4,400 sqft

New 7-bedroom beachfront property with pool, ready for summer rentals.

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Heated Saltwater Pool Duplex
Heated Saltwater Pool Duplex

108 San Vincente Street, Panama City Beach, FL 32413

$1,525,000
4,000 sqft 0.15 AC lot

2024-built duplex with two furnished units, each with 5 bedrooms and 3.5 baths, plus a resort-style heated saltwater pool.

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Laguna Beach Duplex-Style Income Property
Laguna Beach Duplex-Style Income Property

209 Oleander Drive, Panama City Beach, FL 32413

$1,299,000
2,798 sqft

Two separate living spaces plus a 2023 carriage house on a large L-shaped lot, with city water and sewer.

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Luxury Beach House with Gulf Views
Luxury Beach House with Gulf Views

21814 Front Beach Road, Panama City Beach, FL 32413

$3,195,000
3,302 sqft

New, fully furnished 6-bedroom beach house ready for rental.

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Adorable Duplex with Multiple Possibilities
Adorable Duplex with Multiple Possibilities

3707 Mystic Street, Panama City Beach, FL 32408

$645,000
2,088 sqft 0.17 AC lot

Duplex with short-term rental potential near beach and lagoon.

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Furnished Duplex Near Beach
Furnished Duplex Near Beach

8402 Elizabeth Avenue, Panama City Beach, FL 32408

$545,000
1,788 sqft 0.14 AC lot

Turnkey duplex investment opportunity near Panama City Beach.

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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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Multi-Family Cottage Community
Multi-Family Cottage Community

2907 Sarah Jean Court, Panama City Beach, FL 32408

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

Four 2-bedroom, 2-bath cottages sit on multiple included parcels with additional buildable lots and Airbnb-allowed short-term rentals.

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Two-Unit Duplex with Separate Utilities
Two-Unit Duplex with Separate Utilities

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

$475,000
2,196 sqft

Two occupied units offer independent living with separate power and water meters near the beach and Pier Park.

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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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Residential Income Duplex with Two Kitchens
Residential Income Duplex with Two Kitchens

125 S Wells Street, Panama City Beach, FL 32413

$590,000
1,421 sqft 0.17 AC lot

Duplex-style residence includes two full kitchens and a separate mother-in-law suite with its own entrance.

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Panama City Beach Multifamily Property
Panama City Beach Multifamily Property

13210 Front Beach Rd, Panama City Beach, FL 32407

$3,150,000
3,302 sqft

Multifamily property in Panama City Beach with 9.05% CAP.

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Panama City Beach Land Parcel
Panama City Beach Land Parcel

2412 Dorothy Avenue, Panama City Beach, FL 32408

$110,000
0.13 AC lot

Land parcel in Panama City Beach, Florida, with development potential.

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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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Gulf-Front Studio Condo
Gulf-Front Studio Condo

14401 Front Beach Road, Panama City Beach, FL 32413

$145,000
330 sqft

Fully remodeled studio condo offers Gulf of Mexico views and an updated kitchen and bath with low-maintenance finishes.

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Prime Commercial Land For Sale
Prime Commercial Land For Sale

11930 Panama City Beach Parkway, Panama City Beach, FL 32407

$8,900,000
13.82 AC lot

13.82 acre parcel on Panama City Beach Parkway.

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Updated Investment Duplex Home
Updated Investment Duplex Home

7020 Starfish Court, Panama City Beach, FL 32407

$375,000
1,512 sqft 0.22 AC lot

Updated 3-bedroom, 2-bath home offered with 7022 as an investment duplex in a gated waterfront community.

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Panama City Beach, FL Multifamily Properties Market Trends and Statistics

Explore 42 multifamily properties for sale in Panama City Beach, FL, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 58,788 square feet of properties for sale, with an estimated market value of $26,016,000.

Sale prices for multifamily properties in Panama City Beach, FL start at $160,000, averaging $1,084,000, and reaching up to $4,195,000 — 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 22
Duplexes 14
Apartment buildings 7
Mobile home & RV parks 4
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 $640.3K
Panama City Beach $2.4M

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

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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