Advertise
    Panama City, FL
    Multifamily

    Panama City, FL Multifamily Properties for Sale

    Notify Me
    List
    Map
    Watersound, FL Panama City Beach, FL Southport, FL Lynn Haven, FL Callaway, FL Youngstown, FL
    56 properties
    Sort:
    Remodeled Six-Unit Apartment Property
    Updated: May 13
    Remodeled Six-Unit Apartment Property

    119 College Avenue, Panama City, FL 32401

    $695,000
    5,222 sqft 0.41 AC lot
    Six income‑producing units across four buildings
    15 bedrooms and 9 bathrooms within 5,222 square feet
    0.41‑acre corner lot in Flood Zone X
    Primary residence renovated down to the studs with updated kitchens and three new HVAC systems
    Three detached single‑family homes, including one extensively remodeled unit
    View details
    14-Unit Apartment Building
    Updated: Jun 5
    14-Unit Apartment Building

    114 S Highway 22 A, Panama City, FL 32404

    $1,400,000
    13,768 sqft 0.65 AC lot
    14‑unit apartment complex across 4 buildings
    13,768 square feet on 0.65 acres
    Unit mix includes 8 apartments at 800+/- square feet and 6 apartments at 1,100+/- square feet
    Exterior 64+/- square feet laundry rooms serve the 8 smaller units; 6 larger units have indoor laundry
    All apartments currently 100% occupied
    View details
    Furnished Duplex With Private Pools
    Furnished Duplex With Private Pools

    5237 Thomas Drive, Panama City, FL 32408

    $2,179,900
    5,156 sqft 0.13 AC lot

    Two three-story residences offer Gulf views, enclosed outdoor space, and short- or long-term rental use.

    View details
    See hot listings in Panama City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Duplex with Shared Outdoor Space
    Duplex with Shared Outdoor Space

    6508 Sunset Ave Unit A & B, Panama City, FL 32408

    $662,000
    1,530 sqft

    Units A and B are offered together, with beach access nearby.

    View details
    Mobile Home Park Development Site
    Mobile Home Park Development Site

    333 N Star Avenue, Panama City, FL 32404

    $600,000
    3,268 sqft 2.61 AC lot

    Two 2024 Fleetwood homes accompany a cleared residential tract with well, septic, and power improvements.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2600 E 1st Plaza, Panama City, FL 32401

    $675,000
    2,432 sqft 0.35 AC lot

    Recently built multifamily property with one-bedroom, one-bathroom residences and central heating and cooling.

    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    6-Unit Apartment Building
    6-Unit Apartment Building

    528 Kraft Avenue, Panama City, FL 32401

    $1,300,000
    6,372 sqft

    Multifamily property with central HVAC, stacked washer-dryer appliances, and ramp access.

    View details
    Renovated Garden-Style Apartment Community
    Renovated Garden-Style Apartment Community

    3510 / 3536 Saint John St, Panama City, FL 32401

    $6,243,750
    33,060 sqft

    Garden-style community with on-site laundry, a separate office building, and extensive unit and system upgrades.

    View details
    Waterfront Quadplex
    Waterfront Quadplex

    405 Massalina Drive, Panama City, FL 32401

    $865,000
    2,988 sqft 0.14 AC lot

    Includes a furnished carriage house, shared dock, and deep-water access to the Bay and Gulf of Mexico.

    View details
    Renovated Six-Unit Apartment Property
    Renovated Six-Unit Apartment Property

    116 Springfield Avenue, Panama City, FL 32401

    $578,000
    2,907 sqft 0.31 AC lot

    Six detached residences combine updated interiors, separate utility metering, and established occupancy in a compact multifamily configuration.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2600 E 1st Plaza, Panama City, FL 32401

    $675,000
    2,432 sqft

    Newer multifamily property with one-bedroom units and water and garbage service included in rent.

    View details
    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.

    View details
    Four-Unit Apartment Property
    Four-Unit Apartment Property

    209 Sherman Avenue, Panama City, FL 32401

    $250,000
    1,920 sqft

    Two-building setup with individually metered units, off-street parking, and public sewer.

    View details
    Updated Waterfront Triplex
    Updated Waterfront Triplex

    6722 S Lagoon Dr, Panama City, FL 32408

    $1,100,000
    2,720 sqft

    Three-unit waterfront property with two boat slips and a boat lift.

    View details
    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.

    View details
    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.

    View details
    Six-Unit Apartment Property
    Six-Unit Apartment Property

    116 Springfield Ave, Panama City, FL 32401

    $578,000
    2,907 sqft

    Remodeled rental compound with individually metered dwellings and fully occupied units.

    View details
    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.

    View details
    Occupied Quadplex
    Occupied Quadplex

    209 Sherman Ave, Panama City, FL 32401

    $250,000
    1,920 sqft 0.23 AC lot

    Two-building apartment property with individually metered units and off-street parking.

    View details
    Furnished Beachside Duplex
    Furnished Beachside Duplex

    5220 Beach Drive, Panama City, FL 32408

    $589,999
    1,232 sqft 0.14 AC lot

    Two private residences offer furnished flexibility for personal use, vacation rentals, or long-term tenancy.

    View details
    Furnished Duplex with Lagoon Views
    Furnished Duplex with Lagoon Views

    7300 Sunset Ave Unit A & B, Panama City, FL 32408

    $499,000
    1,896 sqft

    Two furnished units offer updated kitchens, separate parking, private backyards, and outdoor showers near the beach.

    View details
    Furnished Two-Unit Duplex
    Furnished Two-Unit Duplex

    7300 Sunset Avenue, Panama City, FL 32408

    $499,000
    1,896 sqft 0.13 AC lot

    Both residences offer refreshed kitchens, separate parking, and fenced private outdoor space.

    View details
    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.

    View details
    Three-Unit Triplex with Private Yards
    Three-Unit Triplex with Private Yards

    726 Detroit Avenue, Panama City, FL 32401

    $599,000
    3,891 sqft

    Fully occupied property with separate driveways and backyard areas for each residence.

    View details
    Not finding what you need? Try buying leads tailored to your intent and find the right opportunities before everyone else. Get Leads

    Panama City, FL Multifamily Properties Market Trends and Statistics

    Explore 67 multifamily properties for sale in Panama City, FL, showcased through 56 active listings on our real estate platform. These investment opportunities span a total of 252,749 square feet of properties for sale, with an estimated market value of $73,093,814.

    Sale prices for multifamily properties in Panama City, FL start at $90,000, averaging $1,353,589, and reaching up to $6,243,750 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 20
    Duplexes 19
    Short term rental properties 16
    Quadplexes 7
    Mobile home & RV parks 4

    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 average listing prices of real estate assets

    Neighborhood Average Price
    Rosemary Beach - 32461 $1.2M
    Panama City - 32401 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above 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 Residential Income pricing trends in Bay County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Multifamily properties for Sale Near Panama City, FL

    Popular Searches in Panama City, FL

    Popular Categories

    Most Searched ZIP Codes in Panama City, FL

    • 32401
    • 32408
    • 32404
    • 32405
    • 32407
    • 32409
    • 32461

    Featured Panama City Real Estate Agencies

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

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com
    Why this one?
    Saved
    Reason not saved — we won't ask again

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!