Panama City, FL Residential Income Properties for Sale

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Rosemary Beach, FL Panama City Beach, FL Southport, FL

57 listings

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Income-Producing Multi-Family Panama City

$724,000

5,222 SF

Income-Producing Multi-Family Panama City

119 College Avenue, Panama City, FL 32401

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

Six rental units generating over $82,000 in gross annual income
0.4‑acre corner lot in Flood Zone X (no flood insurance required), with four total buildings
Primary residence fully renovated down to the studs with updated kitchens, new appliances, and three new HVAC systems
Main house units: three separate rentals totaling 8 bedrooms and 5 bathrooms, including private‑entry suite, oversized laundry, and new LVP flooring
Detached homes include Units 7, 5, and 6 with rents including $1,000/mo, $990/mo, and $1,125/mo; Unit 6 is extensively remodeled

Updated: May 13

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Waterfront Multifamily Property with Boat Slips

$1,185,000

2,720 SF

Waterfront Multifamily Property with Boat Slips

6722 S Lagoon Drive, Panama City, FL 32408

Updated waterfront multifamily property in Panama City with income potential.

S Lagoon waterfront 3‑in‑1 property with lagoon setting, seawall, and accessible approach with ramp
Boating amenities include 2 boat slips, boat lift, and boat ramp
Main upstairs furnished dwelling offers 3 bedrooms and 2.5 baths with a three‑quarter wraparound balcony
Two separate 1‑bedroom units on the main level: one waterfront with covered deck and one street‑side unit
Updates include remodeled interior design (2020), Hardie board exterior (2022), and roof/windows/doors updated (2019)

Updated: May 18

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Turnkey Income-Producing Investment Opportunity

$608,000

2,907 SF

Turnkey Income-Producing Investment Opportunity

Six detached single-family units, remodeled in 2021, generating $63,900 annually.

116 Springfield Avenue, Panama City, FL 32401

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$608,000

2,907 SF

Turnkey Income-Producing Investment Opportunity

Six detached single-family units, remodeled in 2021, generating $63,900 annually.

116 Springfield Avenue, Panama City, FL 32401

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$549,900

2,509 SF

Furnished Beach House with Rental

Spacious, fully furnished beach house with rental income potential.

3914 Ural Street, Panama City, FL 32408

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$335,000

1,860 SF

Duplex Investment Opportunity

Duplex with two units and a recently replaced roof, offered for renovation near South Lagoon in Panama City Beach.

7931 S Lagoon Drive, Panama City, FL 32408

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$350,999

4,768 SF

Panama City Multi-Family Investment

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

520 Maine Avenue, Panama City, FL 32401

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$599,000

3,891 SF

Three-Unit Triplex with Backyards

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

726 Detroit Avenue, Panama City, FL 32401

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$580,000

5,174 SF

Four-Unit Quadplex with Mobile Home

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

5115 E 10th Street, Panama City, FL 32404

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$439,000

1,596 SF

Duplex Near Panama City Beach

Duplex near the beach with consistent rental success.

4017 Silver Sands Road, Panama City, FL 32408

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$1,300,000

6,372 SF

New Panama City Apartment Complex

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

528 Kraft Avenue, Panama City, FL 32401

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$724,900

1,293 SF

Inlet Beach Prominence Triplex Unit

Meticulously maintained triplex unit with rental income potential.

223 Milestone Drive, Inlet Beach, FL 32461

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New Construction Townhome Investment Opportunity

$1,099,500

6,750 SF

New Construction Townhome Investment Opportunity

Five-unit townhome near Tyndall Air Force Base.

6720-6728 Cherry Street, Panama City, FL 32404

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$1,099,500

6,750 SF

New Construction Townhome Investment Opportunity

Five-unit townhome building near Tyndall Air Force Base.

6710-6718 Cherry Street, Panama City, FL 32404

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$529,000

2,176 SF

Duplex with Second-Floor Deck

Two 2BR/2BA units with private porches, a fenced backyard, and a new 2023 HVAC system.

6328 Beach Drive, Panama City, FL 32408

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$150,000

1,915 SF

Panama City Triplex Opportunity

Triplex in Panama City, a blank canvas for renovation.

422 N Macarthur Avenue, Panama City, FL 32401

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Furnished Townhome in Prominence Community

$895,000

1,677 SF

Furnished Townhome in Prominence Community

Coastal retreat with rental potential in desirable 30A neighborhood.

26 E Milestone Drive, Inlet Beach, FL 32461

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Inlet Beach Townhome Investment Opportunity

$715,000

1,293 SF

Inlet Beach Townhome Investment Opportunity

Two-bedroom townhome in Prominence on 30A with proven rental income.

94 York Lane, Inlet Beach, FL 32461

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$570,000

2,799 SF

New Construction Townhomes in Panama

New construction townhomes in Panama City, Florida, for sale.

1116 Mercedes Avenue, Panama City, FL 32401

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Revitalized Multifamily Investment Opportunity

$1,190,000

1,837 SF

Revitalized Multifamily Investment Opportunity

Turnkey 14-unit multifamily property, fully updated in 2021, excellent investment.

3533 US-98, Panama City, FL 32401

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$970,000

1,747 SF

Turn-Key Townhome Short-Term Rental

Professionally managed 3-bedroom townhome with private porch and resort-style pool access, ready for guest stays.

53 E Pine Lands Loop, Inlet Beach, FL 32461

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$724,000

5,222 SF

Remodeled Six-Unit Apartment Property

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

119 College Avenue, Panama City, FL 32401

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$580,000

5,174 SF

Quadplex with Mobile Home on Acreage

Four-unit quadplex plus mobile home on 1.8 acres, with separately metered utilities and tenant-paid water and electric.

5115 E 10th Street, Panama City, FL 32404

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$170,000

1,640 SF

Panama City Duplex For Sale

Duplex with income potential near marina and downtown.

1209/1211 E 10th Street, Panama City, FL 32401

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Panama City, FL Residential Income Properties Investment Opportunities Market Analysis

Explore 72 residential income properties for sale in Panama City, FL, showcased through 57 active listings on our real estate platform. These investment opportunities span a total of 253,386 square feet of properties for sale, with an estimated market value of $58,684,883.

Sale prices for residential income properties in Panama City, FL start at $90,000, averaging $1,248,614, and reaching up to $6,300,030 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
Panama City	$1.4M
Panama City Beach	$6.3M

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 pricing trends across core commercial property types 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.

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