Walton County, FL Multifamily Properties for Sale

List

Map

Miami, FL Cape Coral, FL Orlando, FL Tampa, FL Jacksonville, FL Fort Myers, FL Fort Lauderdale, FL Port Charlotte, FL

90 properties

Sort:

Updated: Jun 5

14-Unit Apartment Complex

114 S Highway 22 A, Panama City, FL 32404

$1,750,000

13,768 sqft 0.65 AC lot

14‑unit apartment complex in 4 buildings, with all apartments currently 100% occupied
Apartment mix includes 8 units at 800+/- SF with outside 64+/- SF laundry room, plus 6 units at 1,100+/- SF with indoor laundry
Recent exterior updates: new roofs installed April 2026 on all buildings and freshly painted eves, soffits, and entryways
Construction materials include brick veneer, stucco, and wood frame; roof is composition/shingle
Heating includes electric (heating) and central; sewer service is public sewer

View details

This listing looks promising.

Here's a quick look at some key insights for

114 S Highway 22 A, Panama City, FL 32404

View Property Analytics

Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$152K
Annual
Price @ 7% Cap

$2.18M
Above asking
Property Type

Quadplex
Built 1984

View Property Analytics

Updated: Jun 18

Six-Unit Income Producing Property

119 College Avenue, Panama City, FL 32401

$724,000

5,222 sqft 0.41 AC lot

Six‑rental‑unit income‑producing property generating approximately $83,460 gross annual income, professionally managed by ERA Property Management
0.4‑acre corner lot in Flood Zone X (no flood insurance required)
Four total buildings with newer 30‑year dimensional shingle roofs installed in 2019
Primary residence fully renovated down to the studs, rebuilt with updated kitchens with new appliances and three new HVAC systems
Main house units total 8 bedrooms and 5 bathrooms across three units: Unit 1 (3/2), Unit 2 (3/2), and Unit 3 (2/1)

View details

Income-Producing Multi-Family Panama City

119 College Avenue, Panama City, FL 32401

$724,000

5,222 sqft 0.41 AC lot

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

View details

Waterfront Triplex with Boat Access

6722 S Lagoon Drive, Panama City, FL 32408

$1,100,000

2,720 sqft 0.25 AC lot

Three-in-one property on S Lagoon with two boat slips, a boat lift, and two furnished one-bedroom units.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Remodeled Six-Unit Apartment Property

119 College Avenue, Panama City, FL 32401

$724,000

5,222 sqft 0.40 AC lot

Six professionally managed rental units with fully renovated interiors and multiple bedrooms/bathrooms, generating $82,000+ gross annually.

View details

Turnkey Vacation Rental Duplex

5237 Thomas Drive, Panama City, FL 32408

$2,230,000

5,156 sqft 0.13 AC lot

Brand-new duplex designed for vacation rentals, with private pools and furnishings ready for short- or long-term operations.

View details

Waterfront Quadplex with Carriage House

405 Massalina Drive, Panama City, FL 32401

$865,000

2,988 sqft 0.14 AC lot

Carriage house and quadplex generate listed rental income and include deep-water dock access for boat parking.

View details

New Construction Townhome Investment Opportunity

6720-6728 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

Five-unit townhome building near Tyndall Air Force Base.

View details

Updated Beachwalk Townhome

5163 Beachwalk Drive, Miramar Beach, FL 32550

$550,000

1,256 sqft 0.03 AC lot

Resort-style townhome with patio views of Horseshoe Lake and updated interior finishes throughout.

View details

New Panama City Apartment Complex

528 Kraft Avenue, Panama City, FL 32401

$1,300,000

6,372 sqft

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

View details

New Construction Townhome Investment Opportunity

6710-6718 Cherry Street, Panama City, FL 32404

$1,099,500

6,750 sqft

Five-unit townhome building near Tyndall Air Force Base.

View details

Freeport Multifamily Investment Opportunity

248 Four Mile Road, Freeport, FL 32439

$1,350,000

6,016 sqft 1.00 AC lot

Apartment complex with 8 units plus additional development potential.

View details

Acreage with Pole Barns and Camper Hookups

58 Blue Gill Road, Freeport, FL 32439

$515,000

5.75 AC lot

A 5.75+/- acre property in Freeport with two pole barns, city water, and hookups for four campers.

View details

Waterfront Property with Income Potential

6722 S Lagoon Drive, Panama City, FL 32408

$1,185,000

2,720 sqft

Updated waterfront property with multiple units and boating amenities.

View details

Duplex-Style Residential Income Home

3914 Ural Street, Panama City, FL 32408

$549,900

2,509 sqft 0.14 AC lot

Fully furnished home configured as two units, with upstairs 4BR/2BA and a downstairs 1BR/1BA with separate entrance.

View details

Panama City Multi-Family Investment

520 Maine Avenue, Panama City, FL 32401

$350,999

4,768 sqft 0.32 AC lot

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

View details

Turnkey Four-Unit Rental Property

1310 Arthur Avenue, Panama City, FL 32401

$385,000

2,452 sqft

Four occupied units generate monthly income, with a mix of two- and one-bedroom layouts.

View details

Renovation Duplex with Two Units

7931 S Lagoon Drive, Panama City, FL 32408

$315,000

1,860 sqft 0.11 AC lot

Duplex for sale with two units totaling four bedrooms and three bathrooms, approximately 1,868 square feet, with a roof replaced about five years ago.

View details

Northwest Florida Multifamily Investment Opportunity

125 N Davis Lane, Defuniak Springs, FL 32433

$5,579,500

42,240 sqft 4.34 AC lot

Well-maintained, renovated 55-unit multifamily property in Northwest Florida.

View details

Three-Unit Triplex with Backyards

726 Detroit Avenue, Panama City, FL 32401

$599,000

3,891 sqft

Fully occupied triplex offers three spacious 3-bedroom, 2-bath homes with private driveways and individual yard space.

View details

Panama City Multifamily Investment Opportunity

520 Maine Avenue, Panama City, FL 32401

$350,999

4,768 sqft 0.32 AC lot

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

View details

Four-Unit Quadplex with Mobile Home

5115 E 10th Street, Panama City, FL 32404

$580,000

5,174 sqft 1.80 AC lot

Four separately metered quadplex units plus a rented mobile home on 1.8 acres with room to expand.

View details

Renovated Multifamily Investment Opportunity

125 N Davis Ln, Defuniak Springs, FL 32433

$5,579,500

42,000 sqft

55-unit multifamily property with 95% occupancy in Northwest Florida.

View details

New Duplex in Panama City

2826 La Mesa Avenue, Panama City, FL 32405

$450,000

2,500 sqft

Newly built duplex with modern amenities, near shopping and beaches.

View details

Walton County, FL Multifamily Properties Market Trends and Statistics

Explore 90 multifamily properties for sale in Walton County, FL, showcased through 90 active listings on our real estate platform. These investment opportunities span a total of 546,853 square feet of properties for sale, with an estimated market value of $107,056,857.

Sale prices for multifamily properties in Walton County, FL start at $150,000, averaging $1,699,315, and reaching up to $18,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map