Panama City, FL Multifamily Homes & Duplexes for Sale

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  /70

  $355,000

  • 6 Beds
  • 2.5 Baths
  • 3,066 Sq Ft

  1202 Christel Ave Unit A & B, Panama City, FL 32401

  Welcome to 1202 Christel Avenue, the perfect opportunity for savvy investors looking for a cash-flowing duplex! This property could be your next great investment. Live in one unit while renting the other, or enjoy the spacious layout as a family home with a delightful Mother-in-Law suite on the lower level. Ideally situated just minutes from vibrant downtown Panama City, you'll have access to

  

  Sean Casilli

  Coldwell Banker Realty

  (850) 660-3206

  1202 Christel Ave Unit A & B, Panama City, FL 32401
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  /39

  $3,495,000

  • 8 Beds
  • 8 Baths
  • 5,320 Sq Ft

  8219 Surf Dr Unit 1 and 2, Panama City, FL 32408

  Welcome home to your beachfront paradise in Panama City Beach! With a spacious 5,400 square feet of interior bliss, this sprawling property boasts an impressive eight bedrooms, eight bathrooms, and four separate kitchens making it a haven for large families or a savvy investor's dream. Recently renovated, this ''rental machine'' grossed nearly $400k in 2024, with over $200k in future bookings

  

  Fred Thomas

  Beach Time Realty, Inc

  (850) 970-7174

  8219 Surf Dr Unit 1 and 2, Panama City, FL 32408
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  /53

  $605,000

  • 4 Beds
  • 3.5 Baths
  • 2,764 Sq Ft

  246 E 3rd Place, Panama City, FL 32401

  Waterfront Living in the Heart of Panama CityWelcome to 246 E 3rd Place, where waterfront living meets timeless elegance. Perfectly positioned in the historic Cove neighborhood and just minutes from vibrant downtown Panama City, this stunning 3-story townhome offers the ultimate blend of comfort, convenience, and coastal charm.With 4 spacious bedrooms, 3.5 bathrooms, and a 2-car garage, this home

  Vianah Seamon Anchor Realty Florida

  246 E 3rd Place, Panama City, FL 32401
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  /38

  $285,000

  • 3 Beds
  • 2 Baths
  • 1,498 Sq Ft

  8504 N Lagoon Dr, Panama City, FL 32408

  Short Term Rentals ALLOWED! Nestled in the heart of Panama City Beach, this charming property is an ideal investment or primary residence. With NO HOA fees and sold furnished, this 3 bedroom 2 bath unit is turn-key! It features a privacy fenced backyard that is complimented by an expansive NEW deck for entertaining. Both the primary bedroom and living room can access the backyard via sliding

  Tina Lamonica Think Real Estate

  8504 N Lagoon Dr, Panama City, FL 32408
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  /49

  $550,000

  • 4 Beds
  • 2 Baths
  • 1,930 Sq Ft

  9020 Houston St, Panama City, FL 32408

  The Perfect Investment Opportunity! Duplexes like this, priced so attractively and located close to the beach, rarely come up for sale. This like-new 4Bed 2Bath duplex presents an incredible opportunity for first-time homebuyers and seasoned investors alike. Each unit features 2 spacious bedrooms and 1 bath, allowing you to live on one side while offsetting your mortgage with rental income from

  Mowayne Copeland Keller Williams Success Realty

  9020 Houston St, Panama City, FL 32408
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  /37

  $485,000

  • 3 Beds
  • 2 Baths
  • 1,610 Sq Ft

  3915 Wasp St, Panama City, FL 32408

  Start Earning Today - Incredible Investment Opportunity!Don't miss this amazing opportunity to own a recently updated duplex just steps from our beautiful sugary sand beaches!Unit A features 2 bedrooms, 1 bathroom, and a bonus area.Unit B offers 1 bedroom and 1 bathroom.The flexible floor plan allows you to combine both units into a spacious 3 bed, 2 bath home with bonus space - perfect for

  Trina Causley Keller Williams Success Realty

  3915 Wasp St, Panama City, FL 32408
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  /14

  $575,000

  • 6 Beds
  • 5 Baths
  • 3,242 Sq Ft

  2810 W 15th St, Panama City, FL 32401

  Investment opporunity located in one of the most popular areas of Panama City FL, in St Andrews. This property is located on the heaviest traveled road, HWY 98 that leads across the entire county. Currently the property consists of 4 separate rentals, a 3 bedroom 2 bath home, 2 separate studio apartments and 1 cottage each with 1 bedroom and 1 bath for a total of 6 bedrooms and5 baths. Rents

  Jeff Payne Keller Williams Success Realty

  2810 W 15th St, Panama City, FL 32401
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  /38

  $219,000

  • 2 Beds
  • 1.5 Baths
  • 1,144 Sq Ft

  6403 Chipewa St, Panama City, FL 32404

  This beautifully renovated townhome offers modern comfort in a peaceful neighborhood just one block off Cherry Street. Every detail has been thoughtfully updated--from all-new windows and doors to brand-new systems and appliances, including a range/oven, dishwasher, microwave, and a refrigerator with a water and ice dispenser. Step inside to an attractive living space featuring a spacious family

  Ceimar Nassar Contreras ERA Neubauer Real Estate Inc

  6403 Chipewa St, Panama City, FL 32404
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  /6

  $550,000

  • 4 Beds
  • 4 Baths
  • 2,040 Sq Ft

  6518 Beach Dr, Panama City, FL 32408

  Great investment opportunity only 1-block to the beach. Perfect corner location close to beach access. This up/down duplex will make a perfect opportunity for either short-term vacation rental or long term rentals.The upstairs portion contains 2-Bedroom and 2-Baths with 1,080 sq.ft. of living area. There is a large 8 x 24 balcony across the front of the unit.Downstairs has 1-bedroom , a bunk

  Greg Taylor Counts Real Estate Group Inc

  6518 Beach Dr, Panama City, FL 32408
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  /43

  $240,000

  • 3 Beds
  • 2 Baths
  • 1,671 Sq Ft

  1025 W 19th St Unit 2A, Panama City, FL 32405

  'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Check out this Charming & Spacious 1-Story Townhome in the highly desirable Delwood Estates Community. This renovated townhome is conveniently situated between W 23rd St and W 15th, within walking distance to Northside Elementary, and very close to shopping, restaurants, night life, and hospitals. Less than 10 miles from Rick Seltzer

  Brook Simmons Keller Williams Success Realty

  1025 W 19th St Unit 2A, Panama City, FL 32405
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  /7

  $170,000

  • 1 Bath
  • 1,024 Sq Ft

  5528 Adalee Rd, Panama City, FL 32404

  Prime Location! This 1.43-acre property offers incredible potential in a peaceful setting while being conveniently close to beautiful Panama City beaches, shopping and dining options. Featuring a sturdy block construction with a stucco exterior, a new roof (2019), and updated HVAC, this former church space is ideal for various uses. Enjoy the perfect balance of tranquility and accessibility to

  Dina Mendes Destin Real Estate

  5528 Adalee Rd, Panama City, FL 32404
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  /16

  $1,950,000

  • 8 Beds
  • 8 Baths
  • 13,768 Sq Ft

  114 S Highway 22 A, Panama City, FL 32404

  14 unit aparment complex located in the heart of Parker FL, close to shoppng, restaurants and Tyndall AFB. 4 separate buildings with 2 bedrooms and 1.5 baths in each building. Square footages range from 750 sq feet to 950 sq feet with laundry inside the 950 sq ft units and laundry in atttached storage in the 750 sq ft units. Many of the units recieved updates and roofs after hurricane

  Jeff Payne Keller Williams Success Realty

  114 S Highway 22 A, Panama City, FL 32404
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  /20

  $837,000

  • 3 Beds
  • 2 Baths
  • 4,047 Sq Ft

  301 Detroit Ave, Panama City, FL 32401

  Awesome Investment Opportunity - 3 Almost New Construction Homes with Immediate Rental Income! Each Home is 3 bedrooms 2 baths and 1356 Sqft.Investor alert! Secure a prime investment with three almost new homes, already leased with $6,600 in guaranteed monthly rental income through November! Built by Elite Coastal Construction, these high-quality homes offer modern design, energy efficiency, and

  Thom Bachelder Panhandle Real Estate

  301 Detroit Ave, Panama City, FL 32401
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  /28

  $385,000

  • 2 Beds
  • 2 Baths
  • 1,047 Sq Ft

  4109 Safari St Unit A, Panama City, FL 32408

  The Beach is 212 footsteps from the front door of this fully furnished, Attached Single Unit beach home. Look out your back windows and see the Gulf of America. Truly experience what locals refer to as the Salt Life! Both bedrooms and one of two full bathrooms are on the ground floor. Outside of one bedroom is a cozy, newly poured patio. New LVP flooring throughout and upstairs offers living

  Daniel Hagen Robert Slack, LLC

  4109 Safari St Unit A, Panama City, FL 32408
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  /27

  $485,000

  • 4 Beds
  • 2 Baths
  • 1,680 Sq Ft

  5900 Sunset Ave, Panama City, FL 32408

  Great Investment Property! Close to beach! Short Term Rentals Allowed. One A/C replaced 2021, the other one in 2017. 2017 Roof replaced. Owner uses Unit A for personal vacation use. Long term tenant in Unit B who pays month to month.

  Vera Henson Beach Haven Realty

  5900 Sunset Ave, Panama City, FL 32408
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  /24

  $575,000

  • 4 Beds
  • 4 Baths
  • 2,196 Sq Ft

  2432 Valley Oak Ct Unit A&B, Panama City, FL 32408

  Located in Panama City Beach, 2432 Valley Oak Court is a well-maintained duplex built in 2019, offering a great investment opportunity. Each unit features two bedrooms and two bathrooms, with separate power and water meters, allowing for fully independent living. Unit A is currently leased long-term at $1,950 per month, while Unit B is vacant and ready for occupancy. This property offers

  Angela Feria Foundation Real Estate Agency LLC

  2432 Valley Oak Ct Unit A&B, Panama City, FL 32408
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  /40

  $305,000

  • 3 Beds
  • 2 Baths
  • 1,509 Sq Ft

  2026 Baker Ct Unit 13, Panama City, FL 32401

  Charming 3-Bed, 2-Bath Home in Historic St. Andrews - Steps from the Bay!Located just one block from St. Andrews Bay, this beautifully designed 3-bedroom, 2-bath home offers the perfect blend of historic charm and modern comfort. With high vaulted ceilings and a split-bedroom floor plan, this home is warm and inviting.The kitchen features a breakfast bar and flows seamlessly into the dining area,

  Kim Miller Counts Real Estate Group Inc

  2026 Baker Ct Unit 13, Panama City, FL 32401
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  /16

  $329,000

  • 2 Beds
  • 1.5 Baths
  • 1,152 Sq Ft

  6211 S Lagoon Dr Unit A, Panama City, FL 32408

  Updated Townhome with Bay Views - Walk to the Beach! Welcome to 6211 S Lagoon Dr, a beautifully updated townhome in the heart of Panama City Beach! This 2-bedroom, 1.5-bathroom home has been completely renovated with new flooring, an updated kitchen, and modernized bathrooms, offering a fresh and stylish living space. Located right across the street from the bay, you'll enjoy serene bay views and

  Bubba McCants Counts Real Estate Group Inc

  6211 S Lagoon Dr Unit A, Panama City, FL 32408
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  /27

  $364,900

  • 4 Beds
  • 2 Baths
  • 1,538 Sq Ft

  448 S Macarthur Ave Unit A & B, Panama City, FL 32401

  This beautifully updated 4-bedroom, 2-bath residence has been thoughtfully redesigned to maximize space and functionality, as well as versatility. Whether you are looking for a home with a separate mother-in-law suite, or looking to take advantage of a great investment opportunity, this house is perfect! The home has been divided into two separate units: a 3-bedroom, 1-bath and a 1-bedroom,

  Jen LaChance SimpliHOM

  448 S Macarthur Ave Unit A & B, Panama City, FL 32401
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  /28

  $400,000

  • 2 Beds
  • 1 Bath
  • 860 Sq Ft

  4120 Nova St Unit D, Panama City, FL 32408

  Great opportunity to purchase this 2 bedroom, 1 bath condo steps to the beach and no HOA! This unit is being offered fully furnished and rental ready. New construction around this property will enhance the area and make it shine!

  Will Palmer Better Homes and Gardens Coast Properties

  4120 Nova St Unit D, Panama City, FL 32408
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  /32

  $6,750,000

  • 33,060 Sq Ft

  3510 Saint John St, Panama City, FL 32401

  Welcome to an exceptional investment opportunity in the thriving multifamily sector--a 50-unit garden-style apartment community now available for sale. This meticulously maintained property is perfectly poised for the discerning investor seeking both stability and growth potential. Comprised of a diverse mix of units, the community offers 8 one-bedroom, 20 two-bedroom, 12 three-bedroom, and 10

  Marcy O'Donnell Luxe Coastal Realty Group LLC

  3510 Saint John St, Panama City, FL 32401
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  /24

  $6,700,000

  • 29,796 Sq Ft

  240 Harmon Ave, Panama City, FL 32401

  Discover an exceptional investment opportunity with this fully renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22-slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one-bedroom units, each 650

  Marcy O'Donnell Luxe Coastal Realty Group LLC

  240 Harmon Ave, Panama City, FL 32401
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  /16

  $339,000

  • 2 Beds
  • 1.5 Baths
  • 1,152 Sq Ft

  6211 S Lagoon Dr Unit A, Panama City, FL 32408

  Updated Townhome with Bay Views - Walk to the Beach!Welcome to 6211 S Lagoon Dr, a beautifully updated townhome in the heart of Panama City Beach! This 2-bedroom, 1.5-bathroom home has been completely renovated with new flooring, an updated kitchen, and modernized bathrooms, offering a fresh and stylish living space.Located right across the street from the bay, you'll enjoy serene bay views and

  Bubba McCants Counts Real Estate Group Inc

  6211 S Lagoon Dr Unit A, Panama City, FL 32408
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  /32

  $254,000

  • 3 Beds
  • 2 Baths
  • 1,218 Sq Ft

  1025 W 11th Ct, Panama City, FL 32401

  Welcome to 1025 W 11th Court, a charming 3-bedroom, 2-bathroom home ideally located just minutes from both Historic St. Andrews and Downtown Panama City--two of the area's most exciting up-and-coming districts, filled with new restaurants, local shops, and things to do. Plus, you're only a 10-minute drive to the white sands of Panama City Beach.This home has been lovingly maintained over the

  Shelly Webb Five Star Realty Group, LLC

  1025 W 11th Ct, Panama City, FL 32401
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  /18

  $498,900

  • 6 Beds
  • 4 Baths
  • 2,163 Sq Ft

  1902 Louise Ave Unit A,B,C,D, Panama City, FL 32405

  This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5

  Ahmed Ismail Sand Seeker Realty LLC

  1902 Louise Ave Unit A,B,C,D, Panama City, FL 32405
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  /41

  $259,900

  • 5 Beds
  • 3 Baths
  • 2,260 Sq Ft

  819 Russ Lake Dr, Panama City, FL 32404

  Attention Investors and Builders! This permitted duplex has 2,260 sq ft and sits on a .311 acre corner lot. The property is zoned mixed-use and is eligible to be subdivided, so there is potential to add a second duplex or a single family home. For the residential home buyer, realize ongoing passive income by living in one unit and renting out the other.The duplex includes a 1,220 sq. ft., 3

  Catriese Johnson Coldwell Banker Realty

  819 Russ Lake Dr, Panama City, FL 32404
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  /127

  $1,150,000

  • 4,952 Sq Ft

  6035 E Hwy 98 Bus, Panama City, FL 32404

  Exceptionally Unique Bayfront Property with Tons of Investment Potential! Picturesquely situated on a 0.75-acre parcel with a gorgeous white sandy beaches and emerald waters, this rarely available property impresses with 6 rental units (four cottages and a duplex), along with a beautiful main home. Current gross income is $45,120 annually but that is without any income for the main home and one

  Dennis Dunnigan Coastal Choice Realty LLC

  6035 E Hwy 98 Bus, Panama City, FL 32404
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  /37

  $415,000

  • 3 Beds
  • 2 Baths
  • 1,147 Sq Ft

  5412 Hilltop Ave, Panama City, FL 32408

  Welcome to 5412 Hilltop Ave!!Charming Coastal Retreat - 3BR/2BA, Fully Furnished & Rental-Ready!Just a 5-minute walk to the beach, this beautifully furnished 3-bedroom, 2-bathroom home is the perfect vacation rental or full-time residence! Designed for both comfort and convenience, the layout includes two king bedrooms and a bunk room with two sets of bunk beds, making it ideal for families or

  Phyllis Holloway Saltwater Real Estate of PCB

  5412 Hilltop Ave, Panama City, FL 32408
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  /29

  $250,000

  • 1 Bed
  • 1 Bath
  • 594 Sq Ft

  5427 Hilltop Ave Unit B, Panama City, FL 32408

  If beach life is for you, you'll love this charming 1-bedroom duplex that's nestled between the Gulf and Grand Lagoon. Enjoy sunrise and sunset on the beach, just 5 blocks away! This condo is LIKE NEW with many updates and upgrades, including 2024 renovations to the kitchen, bathroom, and LVP flooring; 2019 HVAC, ductwork, roof, attic insulation, and paint; and 2018 septic and drain field. This

  Eva Sutherland Berkshire Hathaway HomeServices Beach Properties of Florida

  5427 Hilltop Ave Unit B, Panama City, FL 32408
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  /17

  $219,900

  • 2 Beds
  • 2 Baths
  • 936 Sq Ft

  6121 Orange Plaza, Panama City, FL 32408

  Great location just off of Thomas Dr. Close to restaurants, beaches, the Navy Base, and schools. The perfect starter home or rental property.

  Kelly Holt Salty Marlin Realty LLC

  6121 Orange Plaza, Panama City, FL 32408
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  /23

  $740,000

  • 3 Beds
  • 2.5 Baths
  • 2,202 Sq Ft

  5833 N Lagoon Dr Unit A, Panama City, FL 32408

  Great opportunity to own a waterfront home on North Lagoon in Panama City Beach, FL! Priced well below similar properties in the area. 2300 sq ft (3 BRs, 2 full baths, 2 half baths). Bring your boat, jet ski and water toys, and enjoy life on the Lagoon! You can be in the Gulf of Mexico fishing in minutes or fish right off the dock. Catch blue crabs, catfish, red fish and baitfish off the dock.

  Steven Koleno Beycome of Florida LLC

  5833 N Lagoon Dr Unit A, Panama City, FL 32408
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  /53

  $1,190,000

  • 6 Beds
  • 4.5 Baths
  • 3,284 Sq Ft

  2832 Susan Ave, Panama City, FL 32408

  This private oasis is as versatile and unique as it is beautiful and well-designed! Every detail has been thoughtfully curated with extra amenities and features you won't find in most homes in Bay County, making this home an excellent choice for year-round living, an investment opportunity, or BOTH! Picture the possibilities of this exclusive retreat: Two, top-over-bottom 3 BR/2 Bath units, that

  Jen LaChance SimpliHOM

  2832 Susan Ave, Panama City, FL 32408
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  /44

  $449,000

  • 4 Beds
  • 2 Baths
  • 1,550 Sq Ft

  7420 Sunset Ave Unit A&B, Panama City, FL 32408

  PRICE REDUCTION!!!! INVESTORS, GET READY TO CASH IN FROM DAY ONE! A golden opportunity is knocking! Just 2 blocks from the beach and boat launch, this gem has zero HOA fees - extra cash flow! This fabulous duplex is a double delight, featuring two beautiful units, each with 2 cozy bedrooms and 1 bathroom. Fully revamped and ready to impress, it comes new A/C, appliances, furniture, and a hot

  Trina Causley Keller Williams Success Realty

  7420 Sunset Ave Unit A&B, Panama City, FL 32408
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  /49

  $514,900

  • 4 Beds
  • 2 Baths
  • 2,092 Sq Ft

  124 E 2nd Place, Panama City, FL 32401

  Charming & Renovated Duplex in Historic Cove - Investment Opportunity!Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income

  Kailey Collison Realty One Group Emerald Coast

  124 E 2nd Place, Panama City, FL 32401
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  /24

  $509,000

  • 4 Beds
  • 4 Baths
  • 2,058 Sq Ft

  2111 Bent Oak Ct, Panama City, FL 32408

  Duplex. New build in 2019. Near Navy Base. Currently leased annually, but short term allowed. Each side is 2bd/2bth, plus oversized one-car garage. Owner provides lawncare and water. Tenants pay trash/electric/cable/internet.

  Cliff Glansen FLATFEE.COM

  2111 Bent Oak Ct, Panama City, FL 32408
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  /59

  $599,000

  • 3 Beds
  • 2 Baths
  • 1,920 Sq Ft

  6310 Sunset Ave, Panama City, FL 32408

  Income-Producing Beach Duplex with the interior just being renovated.Welcome to 6310 Sunset Ave., Panama City Beach, FL Avenue a rental powerhouse on the east end of the beach! This duplex offers a 3-bedroom, 1-bathroom unit upstairs and a 1-bedroom, 1-bathroom unit downstairs with a full kitchen. Whether your looking for a lucrative investment or a beachside retreat, this property

  Justin Cater LLC EXP Realty LLC

  6310 Sunset Ave, Panama City, FL 32408
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  /38

  $509,900

  • 4 Beds
  • 4 Baths
  • 1,872 Sq Ft

  6319 Poinciana Dr, Panama City, FL 32408

  This beautifully updated duplex offers endless possibilities, perfect for short-term vacation rentals or long-term tenants. Located on a spacious 0.33 acre corner lot, this property is just minutes from the beach and local restaurants, making it a prime location for beach lovers and those who enjoy the local dining scene.The duplex features a total of 4 bedrooms and 4 bathrooms, providing ample

  Zeke Conner LPT Realty LLC

  6319 Poinciana Dr, Panama City, FL 32408
• 

  

  /45

  $1,275,000

  • 3 Beds
  • 3.5 Baths
  • 1,770 Sq Ft

  9614 Beach Blvd Unit D, Panama City, FL 32408

  Imagine waking up to the sea every morning and going to bed with glorious sunsets every night! No HOA association rules or expense for this beachfront property with generous square footage, two Gulf-front decks, and a 1-car garage. The location is a surprisingly quiet area off the main drag, yet close to the many attractions, shops, and eateries. This rare 2-story townhome is offered fully

  Kirsten McAndrew RC Real Estate Group

  9614 Beach Blvd Unit D, Panama City, FL 32408
• 

  

  /64

  $749,000

  • 5 Beds
  • 4 Baths
  • 2,204 Sq Ft

  3820 Treasure Cir, Panama City, FL 32408

  INVESTORS!! Turn key property with a proven rental history and projections of $85K - 100K Two rental units, completely renovated. Sold fully furnished! A covered sitting area, swim spa, and gorgeous shower are part of the outdoor eperience. The studio apartment on the ground floor sleeps four, with a kitchenette, Murphy bed and sitting area. Upstairs is more than 2000 square feet, with two

  Kay Blanchard Beachy Beach Real Estate

  3820 Treasure Cir, Panama City, FL 32408
• 

  

  /25

  $253,000

  • 2 Beds
  • 1.5 Baths
  • 1,182 Sq Ft

  2122 Sterling Cove Blvd, Panama City, FL 32408

  Ideal location for this affordable 2BD/1.5BA beach townhome in the sought-after gated community of Gates at Sterling Cove. This home features an open floor plan on the main level, with two spacious bedrooms and a full bath upstairs. The kitchen is equipped with newer stainless steel appliances, adding a modern touch. Recent updates include a roof replacement in 2019, a new A/C unit in 2021, a

  Ramil Zartdinov Local Insight Realty

  2122 Sterling Cove Blvd, Panama City, FL 32408

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