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    Panama City Beach, FL Triplexes for Sale

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    Triplex on a Corner with Three Parcels
    Updated: Jul 8
    Triplex on a Corner with Three Parcels

    5612 Hilltop Avenue, Panama City Beach, FL 32408

    $625,000
    3,804 sqft
    Prominent corner triplex spanning three separate parcels
    8 bedrooms and 6 bathrooms across Apartments A, B, and C
    Apartment A: split‑level 4‑bedroom, 2‑bath with updated kitchen and converted two‑car garage bonus/flex space
    Apartment B and Apartment C: private second- and third‑floor 2‑bedroom, 2‑bath units with separate entrances
    Central heating and central air plus septic tank sewer service
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    This listing looks promising.

    Here's a quick look at some key insights for

    5612 Hilltop Avenue, Panama City Beach, FL 32408

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $578K
      Suggested

    • Property Type

      Single Family Residence
      Built 1986
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    Triplex and Duplex Short-Term Rental Package
    Updated: Apr 24, 2025
    Triplex and Duplex Short-Term Rental Package

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft
    Triplex and duplex sold together, fully furnished for plug‑and‑play use
    Built in 2020 triplex with over 4,000 SF, 9 bedrooms and 9 bathrooms
    Adjoining duplex about 2,800 SF with 4 bedrooms and 6 bathrooms
    Five doors from the shore with a short walk to the Gulf
    Central heating and central air, plus washer/dryer hookup
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    Triplex Rental Package
    Triplex Rental Package

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft

    Built in 2020, the triplex and adjoining duplex come furnished, with private entrances and a short walk to the Gulf.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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.

    Triplex with Boat Slips and Lift
    Triplex with Boat Slips and Lift

    6722 S Lagoon Drive, Panama City, FL 32408

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

    Updated three-unit waterfront triplex on the lagoon with two boat slips, a boat lift, and furnished rental-ready decks.

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    Three-Unit Triplex
    Three-Unit Triplex

    726 Detroit Avenue, Panama City, FL 32401

    $599,000
    3,891 sqft

    Three fully occupied units built in 2023, each with private driveway access and backyard space.

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    Triplex with Office-to-Residential Flex Space
    Triplex with Office-to-Residential Flex Space

    127 W Belmont, Pensacola, FL 32501

    $315,000
    1,979 sqft 0.09 AC lot

    Triplex with central air, natural gas heat, and an office-flex space that can convert to an additional unit.

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    Triplex with Detached Converted Unit
    Triplex with Detached Converted Unit

    4 W Desoto St, Pensacola, FL 32501

    $795,000
    2,904 sqft

    Triplex with two 3 bed/2 bath units plus a detached 1 bed/1 bath unit, built in 1937.

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    Panama City Beach, FL Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Panama City Beach, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,516 square feet of properties for sale, with an estimated market value of $4,823,000.

    Sale prices for three-family homes in Panama City Beach, FL start at $625,000, averaging $1,607,666, 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 28
    Duplexes 12
    Apartment buildings 7
    Quadplexes 4
    Triplexes 3

    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 $625K
    Panama City Beach $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 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 Beach fall within the 25,000 to 50,000 square foot range.

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