Bay County, FL Residential Income Properties for Sale

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Updated: Jun 18

Remodeled Six-Unit Multifamily Property

119 College Avenue, Panama City, FL 32401

$695,000

5,222 sqft 0.41 AC lot

Six income‑producing units across four buildings
5,222 square feet on a 0.41‑acre corner lot
15 bedrooms and 9 bathrooms across the property
Primary residence rebuilt from the studs with three apartments
Newer 30‑year dimensional shingle roofs installed in 2019

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119 College Avenue, Panama City, FL 32401

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Est. Cap Rate

8.3%
Above avg (5.9%)
Est. NOI

$58K
Annual
Price @ 7% Cap

$826K
Above asking
Property Type

Quadplex
Built 1925

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Updated: May 13

6-Unit Remodeled Apartment Property

119 College Avenue, Panama City, FL 32401

$695,000

5,222 sqft 0.41 AC lot

Six rental units totaling 15 bedrooms and 9 bathrooms
Four buildings on a 0.41‑acre corner lot
5,222 square feet of apartment and residential improvements
Principal building includes three apartments with 8 bedrooms and 5 bathrooms
Remodeled interiors, updated kitchens, new LVP flooring, and multiple HVAC systems

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14-Unit Apartment Complex

114 S Highway 22 A, Panama City, FL 32404

$1,600,000

13,768 sqft 0.65 AC lot

Four-building 14-unit apartment complex with 100% occupancy, including indoor and outdoor laundry options.

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8-Unit Rebuilt Multifamily Property

810 E 25th Street, Panama City, FL 32405

$1,500,000

9,120 sqft

Four duplex buildings offer renovated two-bedroom units with modern systems and indoor laundry rooms.

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Furnished Duplex With Private Pools

5237 Thomas Drive, Panama City, FL 32408

$2,199,000

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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Quadplex Investment Property

133 Gwyn Drive, Panama City Beach, FL 32408

$745,000

3,732 sqft 0.21 AC lot

Quadplex on a 0.21-acre lot with Commercial Mixed Use zoning and Central HVAC, supported by 4-point inspections for each unit.

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Triplex on a Corner with Three Parcels

5612 Hilltop Avenue, Panama City Beach, FL 32408

$625,000

3,804 sqft

Corner triplex on three parcels with central HVAC, covered parking, and multiple separate entrances.

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Newly Built Five-Plex Apartment Building

5333-5345 Cherry Street, Panama City, FL 32404

$1,575,000

8,385 sqft

2025-built five-plex is fully occupied with long-term tenants and attached 1-car garages for each unit.

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Quadplex with Carriage House

405 Massalina Drive, Panama City, FL 32401

$865,000

2,988 sqft 0.14 AC lot

Newly built quadplex with carriage house under construction, featuring a shared dock with fish cleaning station and seawall access.

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New Construction Duplex

19916 Bonita Drive, Panama City Beach, FL 32413

$825,000

2,400 sqft

Two residences feature modern layouts, private outdoor space, and convenient access to Beach Access #77.

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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.

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Three-Home Mobile Home Property

12933 Farm Road, Southport, FL 32409

$175,000

2,444 sqft 2.50 AC lot

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

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Six-Unit Apartment Building

528 Kraft Avenue, Panama City, FL 32401

$1,300,000

6,372 sqft

Newer six-unit complex built in 2024 with central HVAC, block construction, and accessible ramp entry.

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Remodeled 6-Unit Apartment Building

143 Claire Avenue #101, Panama City, FL 32401

$399,900

1,612 sqft

Six studio apartments offer a compact multifamily configuration with updated interiors and manageable scale.

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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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Furnished Short-Term Rental Duplex

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

$979,000

3,452 sqft

Two furnished units feature private outdoor space, covered porches, and individual garages.

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Short-Term Rental Property with ADU

209 Oleander Drive, 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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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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50-Unit Multifamily Investment Opportunity

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

$6,200,000

33,060 sqft 2.80 AC lot

Renovated apartment community near Panama City Beach with assumable financing.

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Six-Bedroom Triplex

917 Bradford Circle, Lynn Haven, FL 32444

$545,000

2,908 sqft

Fully occupied triplex with updated roofing and two newer air-conditioning units.

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Beach Access Quadplex

5012 Gulf Drive, Panama City Beach, FL 32408

$1,599,999

3,500 sqft 0.13 AC lot

Four furnished ground-floor units with shared pool access and short-term rentals permitted without an HOA.

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Waterfront Triplex With Boat Lift

6722 S Lagoon Drive, Panama City, FL 32408

$1,100,000

2,720 sqft 0.25 AC lot

Updated lagoon property combines a furnished primary residence with two separate one-bedroom units and private boating amenities.

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Waterfront Community with Marina

240 Harmon Avenue, Panama City, FL 32401

$6,197,500

29,796 sqft 1.05 AC lot

34-unit waterfront community with 22-slip marina in revitalizing downtown.

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Furnished Duplex Near Beach Access

5220 Beach Drive, Panama City, FL 32408

$589,999

1,232 sqft 0.14 AC lot

Two private residences provide flexible personal-use, vacation-rental, or long-term tenant options near the Gulf shoreline.

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Bay County, FL Residential Income Properties Market Trends and Statistics

Explore 102 residential income properties for sale in Bay County, FL, showcased through 102 active listings on our real estate platform. These investment opportunities span a total of 365,755 square feet of properties for sale, with an estimated market value of $114,756,663.

Sale prices for residential income properties in Bay County, FL start at $90,000, averaging $1,350,078, and reaching up to $8,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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