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    Panama City Beach, FL
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    Panama City Beach, FL Triplexes for Sale

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    Panama City, FL Mexico Beach, FL Callaway, FL Port St Joe, FL Wewahitchka, FL Overstreet, FL
    Triplex with Converted Garage Flex Space
    Updated: Jul 8
    Triplex with Converted Garage Flex Space

    5612 Hilltop Avenue, Panama City Beach, FL 32408

    $550,000
    3,804 sqft
    3,804 SF triplex with 8 bedrooms and 6 bathrooms
    Three separate parcels on a prominent corner in South Lagoon
    Apartment A includes an updated kitchen and converted two‑car garage flex space
    Apartments B and C each provide 2 bedrooms, 2 bathrooms, and private entrances
    A few blocks from public beach access points off Gulf Drive
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    Furnished Five-Unit Short-Term Rental
    Updated: Apr 24, 2025
    Furnished Five-Unit Short-Term Rental

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft
    Five‑unit property comprising a triplex and duplex
    6,856 square feet with 13 bedrooms and 15 bathrooms
    Built in 2020 and sold fully furnished
    Separate entrances and individually designed rental units
    Short walk to the Gulf in Panama City Beach
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    Furnished Triplex Rental Property
    Furnished Triplex Rental Property

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft

    Three-unit coastal property with an adjoining duplex and fully furnished interiors.

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    See hot listings in Panama City Beach

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Triplex with Shared Pool
    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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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Panama City Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1267 Redwood Ln, Gulf Breeze, FL 32563

    $529,000
    2,613 sqft 0.22 AC lot

    Fully leased configuration with separately metered utilities and convenient access to nearby shopping and services.

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    Updated Waterfront Triplex
    Updated Waterfront Triplex

    6722 S Lagoon Dr, Panama City, FL 32408

    $1,100,000
    2,720 sqft

    Three-unit waterfront property with two boat slips and a boat lift.

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    Updated Waterfront Triplex
    Updated Waterfront Triplex

    6722 S Lagoon Drive, Panama City, FL 32408

    $1,100,000
    2,720 sqft 0.25 AC lot

    Three furnished living units combine a primary residence with two separate one-bedroom apartments.

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    Three-Unit Triplex with Tenant-Paid Utilities
    Three-Unit Triplex with Tenant-Paid Utilities

    1267 Redwood Ln #A,B,C, Gulf Breeze, FL 32563

    $529,000

    Each residence includes separate water metering, an inside laundry area, and a combined living and dining space.

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    Panama City Beach, FL Triplexes Market Trends and Statistics

    Explore 4 triplexes for sale in Panama City Beach, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 20,120 square feet of properties for sale, with an estimated market value of $5,743,000.

    Sale prices for three-family homes in Panama City Beach, FL start at $550,000, averaging $1,435,750, and reaching up to $2,099,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 32
    Duplexes 13
    Apartment buildings 6
    Quadplexes 4
    Triplexes 4

    Demographics Overview

    Population 71K
    Population Growth (5Y) +2,055.8%
    Median Household Income $72,438
    College Educated 42.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Panama City - 32408 $772.5K
    Panama City Beach - 32407 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $14.55 per SF
    Tax Rate vs County Average 0.16 pp below 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 Residential Income pricing trends in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City Beach fall within the 25,000 to 50,000 square foot range.

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    Browse Triplexes for Sale Near Panama City Beach, FL

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    Most Searched ZIP Codes in Panama City Beach, FL

    • 32407
    • 32408

    Featured Panama City Beach Real Estate Agencies

    Realmo connects you with licensed Panama City Beach CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    RC Real Estate Group
    10010 Hutchinson Blvd Panama City Beach, FL 32407
    Phone: 18502496100
    www.rcrealestategroup.com
    Pineapple Properties
    234 Middleburg Dr Panama City Beach, FL 32413
    Phone: 18508144640
    www.pineappleprop.com
    Beachy Beach Real Estate
    17747 AShley Dr Unit A Panama City Beach, FL 32413
    Phone: 18505275651
    www.beachybeach.com
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