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    Panama City, FL Triplexes for Sale

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    Three-Unit Triplex with Private Yards
    Updated: Apr 10
    Three-Unit Triplex with Private Yards

    726 Detroit Avenue, Panama City, FL 32401

    $599,000
    3,891 sqft
    Three‑unit triplex totaling 3,891 square feet
    Built in 2023
    Each unit is approximately 1,300 square feet with 3 bedrooms and 2 full bathrooms
    Private driveway and backyard space for each unit
    Galley kitchens and open living areas
    View details
    Updated Waterfront Triplex
    Updated: May 18
    Updated Waterfront Triplex

    6722 S Lagoon Drive, Panama City, FL 32408

    $1,100,000
    2,720 sqft 0.25 AC lot
    2,720 SF triplex on a 0.25‑acre waterfront parcel
    Upper residence with 3 bedrooms, 2.5 baths, furnishings, and wraparound balcony
    Two separate 1‑bedroom units, including a furnished waterfront apartment
    Lagoon frontage with seawall, dock, boat ramp, boat lift, and two boat slips
    Roof, windows, and doors updated in 2019; interior remodeled in 2020
    View details
    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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    See hot listings in Panama City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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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 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.

    View details
    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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    Triplex with Converted Garage Flex Space
    Triplex with Converted Garage Flex Space

    5612 Hilltop Avenue, Panama City Beach, FL 32408

    $550,000
    3,804 sqft

    Three private units include separate entrances, central systems, and an updated kitchen with granite countertops.

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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.

    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 9,331 square feet of properties for sale, with an estimated market value of $2,799,000.

    Sale prices for three-family homes in Panama City, FL start at $599,000, averaging $933,000, and reaching up to $1,100,000 — 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

    Apartment buildings 21
    Duplexes 18
    Short term rental properties 17
    Quadplexes 7
    Mobile home & RV parks 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 $599K
    32408 $1.1M

    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 Residential Income pricing trends 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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    Most Searched ZIP Codes in Panama City, FL

    • 32408
    • 32401

    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.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com
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