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    Panama City, FL
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    Panama City, FL Triplexes for Sale

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    Three-Unit Triplex with Backyards
    Updated: Apr 10
    Three-Unit Triplex with Backyards

    726 Detroit Avenue, Panama City, FL 32401

    $599,000
    3,891 sqft
    2023‑built fully occupied triplex generating immediate rental income
    3 units, each with approximately 1,300 SF of living space
    Each unit features 3 bedrooms and 2 full bathrooms
    Private driveways and individual backyard spaces for each unit
    Galley‑style kitchens and open living areas in each unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    726 Detroit Avenue, Panama City, FL 32401

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $672K
      Above asking

    • Property Type

      Single Family Residence
      Built 2023
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    Inlet Beach Prominence Triplex Unit
    Updated: May 21
    Inlet Beach Prominence Triplex Unit

    223 Milestone Drive, Inlet Beach, FL 32461

    $724,900
    1,293 sqft
    Turnkey and tastefully furnished, ready for immediate occupancy or rental.
    Rental projections up to $65,000 annually.
    Unit overlooks a rare green space, providing nature views and enhanced privacy.
    Upgraded kitchen with quartz countertops, tile backsplash, and gas range with vented hood.
    Updated guest bath with glass shower doors.
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    Panama City Triplex Opportunity
    Panama City Triplex Opportunity

    422 N Macarthur Avenue, Panama City, FL 32401

    $150,000
    1,915 sqft 0.20 AC lot

    Triplex in Panama City, a blank canvas for renovation.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Panama City, 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 Triplex with Separate Entrances
    Three-Unit Triplex with Separate Entrances

    5612 Hilltop Avenue, Panama City Beach, FL 32408

    $699,000
    3,804 sqft

    Triplex with three private layouts, including a split-level 4-bedroom unit, plus ample parking and no HOA.

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    Fourplex with Owner's Residence
    Fourplex with Owner's Residence

    208 W Strong St, Pensacola, FL 32501

    $900,000

    Purpose-built historic fourplex currently configured as an owner home plus two upstairs apartments with private entrances and separate utilities.

    View details
    Triplex and Duplex Turnkey Rental
    Triplex and Duplex Turnkey Rental

    10609 Parkhill Circle, Panama City Beach, FL 32407

    $2,099,000
    6,856 sqft

    Turnkey furnished triplex and duplex package near the Gulf, set up for short-term rental use with private entrances.

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    Updated Triplex in Historic North
    Updated Triplex in Historic North

    4 W Desoto St, Pensacola, FL 32501

    $795,000
    1,452 sqft

    Updated triplex near downtown Pensacola with modern finishes.

    View details

    Panama City, FL Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Panama City, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,099 square feet of properties for sale, with an estimated market value of $1,473,900.

    Sale prices for three-family homes in Panama City, FL start at $150,000, averaging $491,300, and reaching up to $724,900 — 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

    Apartment buildings 20
    Short term rental properties 15
    Duplexes 13
    Mobile home & RV parks 5
    Quadplexes 5

    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
    32401 $374.5K

    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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    • 32461

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