Panama City, FL Residential income properties for sale

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

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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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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.

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Furnished Duplex with Private Pools

5237 Thomas Drive A & B, Panama City, FL 32408

$2,179,900

5,156 sqft

Each residence spans three floors and includes five bedrooms, four full baths, and one half bath.

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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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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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6-Unit Multifamily Property

119 College Avenue, Panama City, FL 32401

$695,000

5,222 sqft 0.40 AC lot

Six rental units occupy four buildings on a corner parcel, with a mix of apartments and detached single-family homes.

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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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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.

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Two-Unit Duplex with Enclosed Porches

2910 Treasure Circle A & B, Panama City, FL 32408

$500,000

2,150 sqft

Each residence has a private fenced area, and short-term rentals are allowed.

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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.

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Duplex with Bayou Views

339 Mercedes Avenue, Panama City, FL 32401

$499,000

2,461 sqft 0.17 AC lot

Both units are furnished, and one is currently used as a short-term rental.

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Mobile Home Park with Five Homes

2122 Anne Avenue, Panama City, FL 32408

$349,000

4,294 sqft 0.70 AC lot

Four homes have long-term tenants, and each unit has separate electric and water meters.

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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.

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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.

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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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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.

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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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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.

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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.

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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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Triplex with Varied Unit Layouts

5218 Beach Drive, Panama City, FL 32408

$750,000

2,919 sqft

The residences include one- and two-bedroom configurations, with a loft in one unit.

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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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Panama City, FL Residential Income Properties Market Trends and Statistics

Explore 82 residential income properties for sale in Panama City, FL, showcased through 82 active listings on our real estate platform. These investment opportunities span a total of 307,748 square feet of properties for sale, with an estimated market value of $86,529,513.

Sale prices for residential investment properties in Panama City, FL start at $90,000, averaging $1,095,310, 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.

Neighborhood	Average Price
Rosemary Beach - 32461	$1.2M
Panama City - 32401	$1.3M

Neighborhood

Average Price

Rosemary Beach - 32461

$1.2M

Panama City - 32401

$1.3M

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.

Hitchcock Real Estate LLC

1107 Beck Ave Panama City, FL 32401

Phone: (850) 866-2158

lairdhitchcock.com

Full Sail Realty of Northwest Florida

1514 W. 23rd St, Suite B Panama City, FL 32405

Phone: (850) 819-4961

FullSailNWFL.com

Overstreet Realty

747 Harrison Avenue Panama City, FL 32401

Phone: (850) 763-4459

OverstreetRealty.net