Panama City, FL Multifamily Homes & Duplexes for Sale

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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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  /44

  $439,000

  • 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

  (850) 446-5930

  7420 Sunset Ave Unit A&B, Panama City, FL 32408
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  /50

  $327,500

  • 2 Beds
  • 2 Baths
  • 1,264 Sq Ft

  5504 Hilltop Ave Unit E, Panama City, FL 32408

  Beautifully Updated Single-Story attached single family home just steps from the Beach!Located just 0.3 miles from the stunning white sandy beaches, this spacious 2-bedroom, 2-bath attached single-family home offers the perfect blend of comfort, convenience, and coastal living.Enjoy peace of mind with numerous recent updates, including:New architectural shingle roof 2019, decking, insulation, and

  

  Scott Seidler - TheConnectionTeam

  Keller Williams Success Realty

  (850) 783-2748

  5504 Hilltop Ave Unit E, Panama City, FL 32408
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  /71

  $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 property 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,

  

  Sherry Agee-Smith

  simpliHOM

  (615) 400-6985

  2832 Susan Ave, Panama City, FL 32408
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  /37

  $435,000

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

  3915 Wasp St, Panama City, FL 32408

  $50,000 PRICE REDUCTION!!!Start Earning Today - Unbelievable Investment Opportunity!Seize this fantastic chance to own a recently updated duplex located just steps away from our stunning sugary sand beaches!**Unit A:**2 bedrooms 1 bathroom Bonus area**Unit B:** 1 bedroom 1 bathroom The adaptable floor plan allows you to merge both units into a spacious 3-bedroom, 2-bath home with bonus

  

  Trina Causley

  Keller Williams Success Realty

  (850) 655-0644

  3915 Wasp St, 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

  (850) 660-3533

  5900 Sunset Ave, Panama City, FL 32408
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  /12

  $174,900

  • 2 Beds
  • 1.5 Baths
  • 936 Sq Ft

  816 Detroit Ave, Panama City, FL 32401

  Turnkey Opportunity in the Heart of Springfield, FL - Fully Renovated and Ready to Go!Welcome to 816 Detroit Avenue, a beautifully updated 2-bedroom, 1.5-bathroom property located right in the heart of Springfield, Florida. Whether you're a first-time homebuyer looking for a move-in-ready residence or an investor seeking a high-demand rental, this property checks all the boxes.Positioned just

  Michael McKinney Counts Real Estate Group Inc

  816 Detroit Ave, Panama City, FL 32401
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  /18

  $512,900

  • 2 Beds
  • 1.5 Baths
  • 936 Sq Ft

  3744 E 9th St Unit 3746,3748,3750, Panama City, FL 32401

  Investor Alert! Prime Multi-Family Opportunity in the Heart of Springfield, FLThis fully occupied triplex on 9th Street is a rare gem for any savvy investor. Strategically located in the very center of Springfield, this income-producing property sits just steps away from what will soon become the city's new civic hub. Directly across the street from the site of the under-construction City Hall,

  Michael McKinney Counts Real Estate Group Inc

  3744 E 9th St Unit 3746,3748,3750, Panama City, FL 32401
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  /56

  $689,000

  • 4 Beds
  • 4 Baths
  • 2,380 Sq Ft

  6328 Beach Dr, Panama City, FL 32408

  Welcome to 6326/6328 Beach Drive, a rare beachside duplex located just one block from the sugar-white sands of Panama City Beach. This incredible income-producing opportunity offers two spacious units, each with 2 bedrooms and 2 bathrooms, perfect for short-term rentals, long-term tenants, or a personal residence with built-in income potential. Whether you're looking for a smart fix-and-flip, a

  Nicole Ludwig EXP Realty LLC

  6328 Beach Dr, Panama City, FL 32408
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  /22

  $345,000

  • 2 Beds
  • 2 Baths
  • 1,028 Sq Ft

  5500 Sunset Ave Unit A, Panama City, FL 32408

  Welcome to Your New Favorite Getaway in Panama City Beach. Step into a coastal retreat that feels more like a home than a rental. This 2-bedroom, 2-bath duplex with NO HOA offers the perfect mix of comfort, charm, and convenience—just a quarter mile from the sugar-white sands of Panama City Beach. Whether you're here to unwind, explore, or make family memories, this thoughtfully curated space is

  Hunter Denton RE/MAX by the Sea

  5500 Sunset Ave Unit A, Panama City, FL 32408
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  /56

  $364,900

  • 3 Beds
  • 2.5 Baths
  • 1,476 Sq Ft

  9016 Banyan Beach Dr, Panama City, FL 32408

  Beach living at a very affordable price! This immaculate move-in ready town home is walking distance to the World's Most Beautiful Beaches! This location is one of the most desirable because you are so close to the excitement of the beach with dining, shopping and entertainment, but yet have your own private home and cozy quiet back patio area. This town home is spacious with an open floor plan

  Lisa Suggs Anchor Realty Florida

  9016 Banyan Beach Dr, Panama City, FL 32408
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  /53

  $698,000

  • 6 Beds
  • 6 Baths
  • 2,720 Sq Ft

  6315 Hilltop Ave, Panama City, FL 32408

  Convenient location- this beautifully renovated duplex is just a short walk to the sugar-white sands and nearby boat ramps, offering the perfect mix of beachside living and strong rental potential.Each side features 3 bedrooms and 2.5 baths, providing spacious comfort for residents or guests. Inside, you'll find a bright, open floorplan with flooring, cabinetry, appliances, and bathrooms redone

  Beth Christie Local Insight Realty

  6315 Hilltop Ave, Panama City, FL 32408
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  /29

  $249,900

  • 2 Beds
  • 2 Baths
  • 1,332 Sq Ft

  122 Ridgecrest Ct, Panama City, FL 32405

  NO HOA...Location Location Location. In the heart of town, easy access to Town, Beach or Tyndall and shopping right at your finger tip. Roof and mechanics less than 5 years old. LVP throughout. Updated baths with double sinks in primary. Two private spaces for outdoor entertaining...Come see this great home for primary, rental or investment.

  Debby Hove Beachy Beach Real Estate

  122 Ridgecrest Ct, Panama City, FL 32405
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  /38

  $308,500

  • 4 Beds
  • 2 Baths
  • 1,768 Sq Ft

  7121 Riverbrooke St, Panama City, FL 32404

  WATERFRONT + MINUTES TO TYNDALL AFB!Wake up to lake views every day in this spacious 4 BED / 2 BATH Cali floor plan located directly on Lake Joanna! Whether you're sipping coffee on the screened-in patio or enjoying the open-concept living space, the water is always in sight.This home is designed for comfort with a split-bedroom layout, vinyl plank flooring throughout all main areas, and a huge

  Daniel Raffield Empire Real Estate of Florida LLC

  7121 Riverbrooke St, Panama City, FL 32404
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  /34

  $290,000

  • 3 Beds
  • 2 Baths
  • 1,164 Sq Ft

  1535 Chandlee Ave, Panama City, FL 32405

  When shopping for a home, what's important to you? Does location, price, and proximity to the beach play a factor? Well, this house checks all the boxes. Conveniently located right off 15th street near all your favorite grocery and shopping spots like Walmart, Target, and Publix, it's just 20 minutes from the beach and less than 35 minutes from the airport making it easy to get to work, run

  Ramone Silvera Salty Marlin Realty LLC

  1535 Chandlee Ave, Panama City, FL 32405
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  /25

  $699,000

  • 7 Beds
  • 5.5 Baths
  • 4,810 Sq Ft

  1823 W 27th St, Panama City, FL 32405

  TRIPLEX centrally located near Kings Point, Sweetbay and right off Highway 390 for easy access to Panama City Beach. Unit A is a 2 bedroom 1 bath, unit B is 4 bedrooms 3.5 bathroom featuring over 3,000sqft, unit C is a 1 bedroom 1 bathroom unit. All units have separate electric meters. The property is serviced by one water meter and a septic tank. Home features a large 3 car garage that is

  Cain Mcneil CENTURY 21 Commander Realty

  1823 W 27th St, Panama City, FL 32405
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  /6

  $499,500

  • 4,768 Sq Ft

  520 Maine Ave, Panama City, FL 32401

  Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value. partially rented / ready to lease (customize based on status) Low maintenance units - easy management Strong rental demand in the area Proximity to beaches, schools, and major employers Zoned for residential

  Will Pender Keller Williams Success Realty

  520 Maine Ave, Panama City, FL 32401
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  /20

  $225,000

  • 3 Beds
  • 2 Baths
  • 1,250 Sq Ft

  3817 E 8th St, P C Beach, FL 32401

  New Build! Appliances are included! Discover modern elegance in this brand-new 3-bedroom, 2-bath home showcasing a bold black-and-white exterior, open-concept design, and high-end finishes throughout. Boasting over 1250 sq ft of thoughtfully designed living space, this contemporary residence features a chef's kitchen with quartz island, custom cabinetry, and stainless steel appliances. The

  Keant Allen Central Bay Realty and Property Management LLC

  3817 E 8th St, P C Beach, FL 32401
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  /42

  $585,000

  • 4 Beds
  • 3 Baths
  • 1,685 Sq Ft

  2501 High Ave, Panama City, FL 32405

  OPEN HOUSE SATURDAY 19TH, 10AM TO 2PM, AND SUNDAY THE 20TH 12PM TO 4PMstep inside this coastal gem--no HOA, no fees, and short-term rentals are allowed! Just a short stroll from direct bay access, this charming 4-bedroom, 3-bath home blends modern upgrades with timeless coastal character. From the stucco exterior to the bright and airy interior, every detail has been thoughtfully curated for

  Arij Sheikh-Yousef Counts Real Estate Group Inc

  2501 High Ave, Panama City, FL 32405
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  /35

  $285,000

  • 2 Beds
  • 2 Baths
  • 1,084 Sq Ft

  1305 Calabria Rd Unit 4B, Panama City, FL 32405

  Looking for a move-in ready home with serious upgrades and a vibe that says ''relax, you're home''? Welcome to 1305 Calabria Ave, a stunning one-story duplex that's been rebuilt from the studs up and loaded with high-end touches. From the moment you walk in, you'll love the new flooring, updated kitchen & bathroom with granite countertops, and sleek cabinetry. Need a cozy touch? The

  Melissa Haworth EXP Realty LLC

  1305 Calabria Rd Unit 4B, Panama City, FL 32405
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  /32

  $280,000

  • 2 Beds
  • 2 Baths
  • 1,084 Sq Ft

  1307 Calabria Rd Unit 4A, Panama City, FL 32405

  Fully Rehabbed 2 Bed / 2 Bath Charmer!Step into modern comfort and style at 1307 Calabria Ave -- a beautifully rehabbed 2-bedroom, 2-bath gem that blends smart updates with a bright, welcoming vibe. This one-story duplex unit has been completely reimagined for today's lifestyle with all the upgrades you've been dreaming of!Enjoy a fresh, open-concept layout with a spacious flow, paired with new

  Melissa Haworth EXP Realty LLC

  1307 Calabria Rd Unit 4A, Panama City, FL 32405
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  /70

  $565,000

  • 4 Beds
  • 4 Baths
  • 2,168 Sq Ft

  1305 Calabria Rd, Panama City, FL 32405

  Dynamic Duplex Dream Deal!Calling all investors, house hackers, or multigenerational families--this is your sign! Scoop up both sides of this totally transformed one-story duplex in Panama City, and start enjoying double the opportunity.On one side, 1305 Calabria delivers a full renovation experience--rebuilt from the studs with a 2019 roof, new electrical and plumbing, solar panels, and a

  Melissa Haworth EXP Realty LLC

  1305 Calabria Rd, Panama City, FL 32405
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  /41

  $632,000

  • 2 Beds
  • 2 Baths
  • 1,536 Sq Ft

  4120 Nova St Unit E & F, Panama City, FL 32408

  🚨 DEAL ALERT on the east end of PCB! 🚨4120 Nova St features TWO fully furnished, rental-ready units--each with 2 bedrooms, 1 bathroom, and enough space to comfortably sleep 6. Whether you're thinking vacation rental, long-term tenants, or a personal beach getaway with income potential, this one checks all the boxes.📈 Rental projections range from $78,900 to $102,500

  Michele Monastra Epique Realty Inc

  4120 Nova St Unit E & F, Panama City, FL 32408
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  /30

  $475,000

  • 5 Beds
  • 4 Baths
  • 2,240 Sq Ft

  2816 N Panama Ave Unit A&B, Panama City, FL 32405

  Income-Producing Duplex with Pool - Fully Renovated & Short-Term Rental Ready!Welcome to your next investment! This beautifully renovated property features two fully equipped units, each with private laundry and modern upgrades throughout. Unit A offers 3 bedrooms, 2 bathrooms, and a private in-ground pool--a guest favorite. Unit B features 2 bedrooms and 2 bathrooms, plus a massive fenced

  Morgan Benton EXP Realty LLC

  2816 N Panama Ave Unit A&B, Panama City, FL 32405
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  /4

  $900,000

  • 2 Beds
  • 2 Baths
  • 2,079 Sq Ft

  7301 Suwanee Ave, Panama City, FL 32409

  Waterfront Living Meets Investment Potential in Southport! This 1.89-acre bayfront property offers stunning views and includes two homes--ideal for multi-generational living, rental income, or a private family retreat. House 1 is a duplex with two separate 1-bed/1-bath units, each with its own entrance and open living/dining layout. House 2 is a 2-bed/1-bath fixer-upper, full of charm and

  Britta Kepple Realty One Group Emerald Coast

  7301 Suwanee Ave, Panama City, FL 32409
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  /28

  $235,000

  • 2 Beds
  • 2.5 Baths
  • 1,562 Sq Ft

  1507 Baldwin Rowe Cir, Panama City, FL 32405

  This beautiful 2-bedroom, 2-bath townhome offers peaceful views of the community pond and fountain - right from your private screened-in porch. Located in the gated Baldwin Rowe community, it's move-in ready and perfectly positioned between Panama City and Lynn Haven, just minutes from top schools, dining, shopping, parks, and the bay.The open-concept kitchen, dining, and living area is ideal for

  Ayesha Albibi Centergate Realty LLC

  1507 Baldwin Rowe Cir, Panama City, FL 32405
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  /17

  $1,150,000

  • 8,652 Sq Ft

  1300 Grace Ave, Panama City, FL 32401

  Exceptional turn-key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely

  Cain Mcneil CENTURY 21 Commander Realty

  1300 Grace Ave, Panama City, FL 32401
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  /2

  $1,199,000

  • 6 Beds
  • 6 Baths
  • 2,944 Sq Ft

  4113 Holiday Dr Unit 101,102,201,202, Panama City, FL 32408

  Incredible Income Opportunity Just One Block from the Beach!This renovated quadplex is a true gem, offering four updated units--each with its own washer and dryer hookups--and fully occupied by long-term tenants. Whether you're seeking reliable rental income, planning to live in one unit and lease out the others, or want to explore short-term rental potential, this property delivers exceptional

  Tracey Neudecker Coldwell Banker Realty

  4113 Holiday Dr Unit 101,102,201,202, Panama City, FL 32408
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  /23

  $450,000

  • 4 Beds
  • 2 Baths
  • 1,600 Sq Ft

  5432-5434 Sunset, Panama City, FL 32408

  So many possibilities with this quaint duplex located just blocks from the beautiful emerald waters and sandy beaches of the gulf. Currently, both sides are leased to long-term tenants. Great income producing for investors. Live in one side and rent out the other. Make both sides short-term rental or have one side STR and the other side LTR. The roof was replaced 3 years ago and the windows

  Scott Zeller Coldwell Banker Realty

  5432-5434 Sunset, Panama City, FL 32408
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  /33

  $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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  /57

  $1,300,000

  • 5 Beds
  • 4.5 Baths
  • 2,720 Sq Ft

  6722 S Lagoon Dr, Panama City, FL 32408

  **PRICE IMPROVEMENT** Income producing property with THREE living units and TWO boat houses!If you love boating, amazing views and easy access to the beach...as well as income potential, you've just found a home that has all of this and much more to offer! This newly renovated three-story multi-unit home boasts a dock with not one, but TWO covered boat houses affording you the opportunity to keep

  Tammy Smith Epique Realty Inc

  6722 S Lagoon Dr, Panama City, FL 32408
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  /41

  $247,300

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

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

  This beautifully renovated 3-bedroom, 2-bath attached end unit offers an incredible opportunity for both homeowners and savvy investors. Priced attractively, this affordable gem is perfect for those looking to expand their real estate portfolio with a turnkey property in a prime, centrally located community.Step inside to a spacious, light-filled living area with an open floor plan that

  Lisa Davis Harvest One Realty powered by SellState

  1025 W 19th St Unit 2D, Panama City, FL 32405
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  /16

  $599,000

  • 4 Beds
  • 2 Baths
  • 1,544 Sq Ft

  5705 Beach Dr, Panama City, FL 32408

  Just blocks from the beach, this delightful duplex at 5705 & 5707 Beach Dr in Panama City Beach offers coastal charm and versatility. Built in 1999, each 2-bed, 1-bath unit spans 844 sq.ft. with an open layout, L-shaped kitchen, and cozy breakfast nook. Enjoy private backyards--one providing a gas fire pit area and trellised lounge area--plus paved off-street parking for two for each unit in

  Moe Mossa Savvy Avenue LLC

  5705 Beach Dr, Panama City, FL 32408
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  /18

  $450,000

  • 3 Beds
  • 3 Baths
  • 1,768 Sq Ft

  2313 Grand Oaks Ln, Panama City, FL 32408

  Rare opportunity for two separate, turn key units that have been completely renovated with numerous upgrades such as granite, stainless steel appliances, brand new hurricane impact windows and separate laundry with brand new washer and dryer. The 2/2 is 1120 sq ft and the 1/1 is 648 sq ft with ample, open concept living space. Both are on separate electric and water. Both are separately and fully

  Steven Koleno Beycome of Florida LLC

  2313 Grand Oaks Ln, Panama City, FL 32408
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  /13

  $269,000

  • 2 Beds
  • 2 Baths
  • 842 Sq Ft

  8623 Lorento St, Panama City, FL 32408

  This stylish beach home is located centrally in beautiful Panama City Beach. This home is located within five miles of many popular attractions, restaurants, beach bars, shopping, and a fitness gym. But, most importantly, it is less than 2.5 miles from our beautiful white, sandy beaches and gorgeous sunsets. This home comes fully furnished as shown; come and see today.

  Jim Hodges III Counts Real Estate Group Inc

  8623 Lorento St, Panama City, FL 32408
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  /5

  $780,000

  0 W 12th St Unit A11837641, Panama City, FL 32401

  Exceptional development opportunity in Panama City, Florida! This 5.11-acre MU-2 zoned property offers the potential to build up to 51 multifamily units by right, with additional density possible under Florida’s Live Local Act.The site features paved road frontage on W 12th Street, utilities nearby, and close proximity to W 15th Street, the area’s main commercial corridor with shopping,

  Damaso Medina United Realty Group Inc

  0 W 12th St Unit A11837641, Panama City, FL 32401
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  /24

  $215,000

  • 3 Beds
  • 2 Baths
  • 1,040 Sq Ft

  2722 Oak Hammock Dr, Panama City, FL 32401

  Located close to schools, shopping, historic downtown, beaches, and Tyndall Air Force Base, this stylish remodeled 3-bedroom, 2-bath home blends comfort and convenience in the Oak Hammock community. Featuring an open-concept layout, a functional breakfast bar offers a spacious living area, and a front porch that invites you to unwind. This home also features an outdoor shed a fenced backyard.

  Wesley Best Think Real Estate

  2722 Oak Hammock Dr, Panama City, FL 32401
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  /26

  $260,000

  • 3 Beds
  • 2 Baths
  • 1,439 Sq Ft

  1809 Clay Ave, Panama City, FL 32405

  PRICE IMPROVED!!! DON'T MISS OUT!A beautifully renovated home that combines comfort, style, and convenience in one perfect package These 3 bedrooms, 2-bathroom gem features an open-concept layout with a stunning kitchen, and brand-new appliances perfect for cooking, entertaining, or just enjoying family meals. Step into generously sized bedrooms and enjoy two full bathrooms: one with a

  Coastal Vibes Luxury Beach Group Gulf Life Real Estate Inc

  1809 Clay Ave, Panama City, FL 32405
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  /53

  $259,000

  • 3 Beds
  • 1 Bath
  • 1,178 Sq Ft

  102 N Cove Ave, Panama City, FL 32401

  Home is located in one of the most sought after neighborhoods in Panama City. Close to Ascension Sacred Heart Hospital and lively Harrison Ave downtown area the lots of arts, dining and shopping options. This 3 bedroom, 1 bath home has hardwood floors in living area, hall and bedrooms. Tile in Foyer and dining room areas. New luxury vinyl flooring installed in the kitchen, laundry, The home

  Terry Garner NBI Properties Inc

  102 N Cove Ave, Panama City, FL 32401
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  /49

  $1,495,000

  • 6 Beds
  • 8 Baths
  • 4,746 Sq Ft

  506 Anemone St, Panama City, FL 32413

  Investors, this is your golden opportunity! Located in the highly desirable Bid-A-Wee Beach neighborhood just steps away from your private beach access and just 2 Miles from Pier Park! This DUPLEX is designed with rental potential in mind. Each unit boasts its own private entrance, making it easy to rent out separately or accommodate a large family seeking spacious living.With a

  Abbott Martin Group EXP Realty LLC

  506 Anemone St, Panama City, FL 32413

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