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    Panama City, FL Multifamily Properties for Sale

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    Rosemary Beach, FL Panama City Beach, FL Southport, FL
    51 results
    Income-Producing Multi-Family Panama City
    $724,000
    5,222 SF

    Income-Producing Multi-Family Panama City

    119 College Avenue, Panama City, FL 32401

    Six rental units generating over $82,000 in gross annual income.

    • High Income Potential: Generates over $82,000 annually from six rental units.
    • Seller Incentive: Seller offering $25,000 toward buyer expenses.
    • Turnkey Investment: Professionally managed for seamless operation.
    • Fully Renovated Main Residence: The primary building featuring three units has been fully renovated with quality finishes and new HVAC systems.
    • Multiple Buildings: Consists of four total buildings.
    Updated: May 13
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    Waterfront Multifamily Property with Boat Slips
    $1,185,000
    2,720 SF

    Waterfront Multifamily Property with Boat Slips

    6722 S Lagoon Drive, Panama City, FL 32408

    Updated waterfront multifamily property in Panama City with income potential.

    • Waterfront property with two boat slips and a boat lift.
    • 3‑in‑1 property featuring a 3‑bedroom main residence and two separate 1‑bedroom units.
    • Completely updated and remodeled with new modern interior design (2020), Hardie board exterior (2022), roof, windows, and doors (2019).
    • Furnished waterfront 1‑bedroom apartment with a covered deck overlooking the lagoon.
    • Open concept main residence with a wraparound balcony offering water views.
    Updated: May 18
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    Furnished Beach House with Rental
    $549,900
    2,509 SF

    Furnished Beach House with Rental

    Spacious, fully furnished beach house with rental income potential.

    3914 Ural Street, Panama City, FL 32408
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    Panama City Multi-Family Investment
    $350,999
    4,768 SF

    Panama City Multi-Family Investment

    Five-unit multi-family property with steady cash flow potential in Panama City.

    520 Maine Avenue, Panama City, FL 32401
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    Four-Unit Quadplex with Expansion Potential
    $620,000
    5,174 SF

    Four-Unit Quadplex with Expansion Potential

    Multi-family property with income and growth potential on 1.8 acres.

    5115 E 10th Street, Panama City, FL 32404
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    Quadplex Plus Mobile Home Investment
    $620,000
    5,174 SF

    Quadplex Plus Mobile Home Investment

    Investment property with quadplex, mobile home, and expansion potential.

    5115 E 10th Street, Panama City, FL 32404
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    Luxurious Coastal Duplex Near Beach
    $1,600,000
    4,116 SF

    Luxurious Coastal Duplex Near Beach

    Newly built, fully furnished duplex with private pools near beach.

    4112 Snapper Street, Panama City, FL 32408
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    New Panama City Apartment Complex
    $1,300,000
    6,372 SF

    New Panama City Apartment Complex

    Six-unit apartment complex built in 2024, Panama City, Florida.

    528 Kraft Avenue, Panama City, FL 32401
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    Duplex Near Panama City Beach
    $439,000
    1,596 SF

    Duplex Near Panama City Beach

    Duplex near the beach with consistent rental success.

    4017 Silver Sands Road, Panama City, FL 32408
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    New Construction Townhome Investment Opportunity
    $1,099,500
    6,750 SF

    New Construction Townhome Investment Opportunity

    Five-unit townhome near Tyndall Air Force Base with strong rental potential.

    6710-6718 Cherry Street, Panama City, FL 32404
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    Panama City Beach Duplex Opportunity
    $529,000
    2,176 SF

    Panama City Beach Duplex Opportunity

    Income-producing duplex near the beach with Gulf views.

    6328 Beach Drive, Panama City, FL 32408
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    Inlet Beach Prominence Triplex Unit
    $724,900
    1,293 SF

    Inlet Beach Prominence Triplex Unit

    Meticulously maintained triplex unit with rental income potential.

    223 Milestone Drive, Inlet Beach, FL 32461
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    Fully Occupied Triplex Investment
    $615,000
    3,891 SF

    Fully Occupied Triplex Investment

    Triplex in Panama City, generating immediate rental income.

    726 Detroit Avenue, Panama City, FL 32401
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    Inlet Beach Townhome Investment Opportunity
    $715,000
    1,293 SF

    Inlet Beach Townhome Investment Opportunity

    Two-bedroom townhome in Prominence on 30A with proven rental income.

    94 York Lane, Inlet Beach, FL 32461
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    Panama City Triplex Opportunity
    $150,000
    1,915 SF

    Panama City Triplex Opportunity

    Triplex in Panama City, a blank canvas for renovation.

    422 N Macarthur Avenue, Panama City, FL 32401
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    Furnished Townhome in Prominence Community
    $895,000
    1,677 SF

    Furnished Townhome in Prominence Community

    Coastal retreat with rental potential in desirable 30A neighborhood.

    26 E Milestone Drive, Inlet Beach, FL 32461
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    Furnished Condo Near 30A Beaches
    $723,900
    1,293 SF

    Furnished Condo Near 30A Beaches

    Meticulously maintained, fully furnished condo near beaches and local restaurants.

    197 Milestone Drive, Inlet Beach, FL 32461
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    New Construction Townhomes in Panama
    $570,000
    2,799 SF

    New Construction Townhomes in Panama

    New construction townhomes in Panama City, Florida, for sale.

    1116 Mercedes Avenue, Panama City, FL 32401
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    New Construction Townhome Investment Opportunity
    $1,099,500
    6,750 SF

    New Construction Townhome Investment Opportunity

    Five-unit townhome near Tyndall Air Force Base.

    6720-6728 Cherry Street, Panama City, FL 32404
    View details
    Inlet Beach Townhome with Amenities
    $970,000
    1,747 SF

    Inlet Beach Townhome with Amenities

    3-bedroom townhome near the beach with resort-style amenities.

    53 E Pine Lands Loop, Inlet Beach, FL 32461
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    Panama City Duplex For Sale
    $170,000
    1,640 SF

    Panama City Duplex For Sale

    Duplex with income potential near marina and downtown.

    1209/1211 E 10th Street, Panama City, FL 32401
    View details
    Revitalized Multifamily Investment Opportunity
    $1,190,000
    1,837 SF

    Revitalized Multifamily Investment Opportunity

    Turnkey 14-unit multifamily property, fully updated in 2021, excellent investment.

    3533 US-98, Panama City, FL 32401
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    Panama City Multifamily Investment Opportunity
    $350,999
    4,768 SF

    Panama City Multifamily Investment Opportunity

    Five-unit multifamily property with strong rental demand near beaches and schools.

    520 Maine Avenue, Panama City, FL 32401
    View details
    Renovated Multifamily Property Near Beach
    $1,250,000
    3,569 SF

    Renovated Multifamily Property Near Beach

    Five-unit multifamily property near Panama City Beach.

    4021 Dolphin Drive, Panama City, FL 32408
    View details

    Panama City, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 62 multifamily properties for sale in Panama City, FL, showcased through 51 active listings on our real estate platform. These investment opportunities span a total of 231,822 square feet of properties for sale, with an estimated market value of $55,308,883.

    Sale prices for multifamily properties in Panama City, FL start at $150,000, averaging $1,286,253, and reaching up to $6,300,030 — 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

    Apartment buildings 20
    Short term rental properties 14
    Duplexes 12
    Mobile home & RV parks 7
    Triplexes 3

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 50,000 to 100,000 square foot range.

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    Panama City $1.5M
    Panama City Beach $6.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per sq ft
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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