Triplex

Panama City, FL Triplexes for Sale

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

726 Detroit Avenue, Panama City, FL 32401

$599,000
3,891 sqft
Built in 2023 three‑unit triplex with full occupancy
Approximately 1,300 SF per unit
Each unit offers 3 bedrooms and 2 full bathrooms
Private driveways for each unit
Individual backyard spaces with each unit
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726 Detroit Avenue, Panama City, FL 32401

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Waterfront Triplex With Boat Lift
Updated: May 18
Waterfront Triplex With Boat Lift

6722 S Lagoon Drive, Panama City, FL 32408

$1,100,000
2,720 sqft 0.25 AC lot
2,720‑square‑foot triplex on a 0.25‑acre lagoon‑front parcel
Upper residence offers 3 bedrooms, 2.5 baths, furnishings, and a wraparound balcony
Two separate 1‑bedroom units provide additional residential space
Waterfront package includes 2 boat slips, boat lift, dock, boat ramp, and seawall
Interior remodeled in 2020; Hardie board exterior updated in 2022
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

Triplex on a Corner with Three Parcels
Triplex on a Corner with Three Parcels

5612 Hilltop Avenue, Panama City Beach, FL 32408

$625,000
3,804 sqft

Corner triplex on three parcels with central HVAC, covered parking, and multiple separate entrances.

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Triplex and Duplex Short-Term Rental Package
Triplex and Duplex Short-Term Rental Package

10609 Parkhill Circle, Panama City Beach, FL 32407

$2,099,000
6,856 sqft

Turnkey, fully furnished short-term rental package featuring a 2020 triplex and duplex with central HVAC and fenced back yard.

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Three-Unit Tenant-Occupied Triplex
Three-Unit Tenant-Occupied Triplex

1208 Springsax Road, Tallahassee, FL 32305

Contact for pricing
2,160 sqft

Three tenant-occupied units are offered with long-term occupancy in a triplex format.

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Fully Occupied Triplex
Fully Occupied Triplex

1208 Springsax Road #A,B,C, Tallahassee, FL 32305

$355,000

Each residence is leased and equipped with central air, ceiling fans, ranges, and refrigerators.

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Panama City, FL Triplexes Market Trends and Statistics

Explore 2 triplexes for sale in Panama City, FL on our real estate platform. These investment opportunities span a total of 6,611 square feet of properties for sale, with an estimated market value of $1,699,000.

Sale prices for three-family homes in Panama City, FL start at $599,000, averaging $849,500, 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 25
Duplexes 11
Short term rental properties 11
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
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 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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