Bay County, FL Residential Income Properties for Sale

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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

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Updated: Sep 18

Furnished Gulf-View Duplex

6006 Thomas Drive, Panama City Beach, FL 32408

$2,000,000

4,480 sqft 0.12 AC lot

Two‑unit duplex with 5 bedrooms and 3 bathrooms per unit
Built in 2017 with 4,480 square feet
Gulf view near public beach access
Granite countertops, stainless steel appliances, and vinyl plank flooring
Private driveways and covered rear patios for both units

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14-Unit Apartment Building

114 S Highway 22 A, Panama City, FL 32404

$1,400,000

13,768 sqft 0.65 AC lot

Fully occupied apartment community with varied floor plans and recent exterior improvements.

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Duplex with Private Entries

3707 Mystic St, Panama City Beach, FL 32408

$599,900

2,184 sqft

Two distinct residences have separate patios, parking areas, and kitchens, with short-term rentals permitted.

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Two-Residence Beach-Access Duplex

13801 Bay Avenue, Panama City Beach, FL 32413

$899,000

2,320 sqft

Separate living spaces, private entrances, outdoor areas, and garage access support flexible residential use.

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Furnished Duplex With Private Pools

5237 Thomas Drive, Panama City, FL 32408

$2,185,000

5,156 sqft 0.13 AC lot

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

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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.

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Furnished Duplex with Private Garages

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

$949,000

3,452 sqft

Two separately fenced residences feature covered porches, private garages, and furnished interiors.

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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.

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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.

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Short-Term Rental Property with ADU

209 Oleander Dr, 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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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.

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New Construction Duplex

19916 Bonita Drive, Panama City Beach, FL 32413

$825,000

2,400 sqft

Two-unit coastal property with modern finishes, private outdoor space, and convenient access to Beach Access #77.

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Triplex with Shared Pool

4111 Appalachee St Unit A, Panama City Beach, FL 32408

$995,000

2,604 sqft

Three attached townhomes provide two-bedroom, two-bath layouts with individual carports and access to a shared pool.

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Three-Home Mobile Home Property

12933 Farm Road, Southport, FL 32409

$164,900

2,444 sqft 2.50 AC lot

Corner acreage includes established rentals and residential improvements dating to 1972.

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Furnished Duplex with Private Garages

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

$949,000

3,452 sqft

Two-unit short-term rental property with enclosed outdoor areas and covered porches for each residence.

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Duplex with Beach Access

13801 Bay Ave, Panama City Beach, FL 32413

$899,000

2,320 sqft

Two separate residences provide flexible living arrangements, private entrances, outdoor areas, and garage access near the Gulf.

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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.

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7-Bedroom Motel Property

604 Fernwood St, Panama City Beach, FL 32407

$599,000

2,556 sqft

Former hospitality property with flexible room configuration near major beach-area roads, shopping, dining, attractions, and entertainment.

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3-Unit Multifamily Property

917 Bradford Circle, Lynn Haven, FL 32444

$545,000

2,908 sqft

Occupied triplex with matching two-bedroom, two-bathroom units and recent roof and air-conditioning updates.

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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.

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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.

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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.

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Motel Property with Seven Bedrooms

604 Fernwood Street, Panama City Beach, FL 32407

$599,000

2,556 sqft 0.42 AC lot

Block construction, public sewer, and window-unit cooling support multiple commercial lodging configurations.

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Bay County, FL Residential Income Properties Market Trends and Statistics

Explore 108 residential income properties for sale in Bay County, FL, showcased through 108 active listings on our real estate platform. These investment opportunities span a total of 379,272 square feet of properties for sale, with an estimated market value of $125,578,413.

Sale prices for residential investment properties in Bay County, FL start at $39,900, averaging $1,255,784, and reaching up to $8,200,000 — 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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