11

Springfield, FL Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • /65

    $578,000

    $30K PRICE DROP
    • 6 Beds
    • 6 Baths
    • 2,907 Sq Ft

    116 Springfield Ave, Panama City, FL 32401

    Serious price improvement. The numbers make great sense, solid ROI. Add to your portfolio today! Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional

    Agent Photo

    Heather Fox

    Beachy Beach Real Estate

    116 Springfield Ave, Panama City, FL 32401
  • /38

    $6,200,000

    $44K PRICE DROP
    • 33,060 Sq Ft

    3536 Saint John St, Panama City, FL 32401

    PRICE IMPROVEMENT - NOW OFFERED AT $6.2 MILLION. This stabilized 50-unit garden-style apartment community presents an exceptional opportunity to acquire a well-maintained, income-producing asset with significant recent capital improvements and long-term upside. The property features a highly desirable unit mix of 8 one-bedroom, 20 two-bedroom, 12 three-bedroom, and 10 four-bedroom apartments,

    Marcy O'Donnell Luxe Coastal Realty Group LLC

    3536 Saint John St, Panama City, FL 32401
  • /25

    $399,900

    • 1,612 Sq Ft

    143 Claire Ave Unit 101, Panama City, FL 32401

    143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the

    Buck Henry CENTURY 21 Commander Realty

    143 Claire Ave Unit 101, Panama City, FL 32401
  • /25

    $399,000

    • 6 Beds
    • 6 Baths
    • 1,612 Sq Ft

    143 Claire Ave Unit 101, Panama City, FL 32401

    143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the

    Cari Henry CENTURY 21 Commander Realty

    143 Claire Ave Unit 101, Panama City, FL 32401
  • /14

    $165,000

    New Construction $165K PRICE INCREASE
    • 3 Beds
    • 2 Baths
    • 902 Sq Ft

    3205 E 2nd Place, Panama City, FL 32401

    Recently repositioned to a highly competitive price, this newly completed duplex unit offers exceptional value for both investors and first-time homebuyers.Price reflects one individual unit (one side of the duplex). Each unit has its own separate parcel, utilities, and individual ownership structure.Featuring 2 bedrooms, 2 bathrooms, plus a flexible bonus room ideal for an

    Patricia Rodrigues Alves CostaBella Real Estate, LLC

    3205 E 2nd Place, Panama City, FL 32401
  • /19

    $599,000

    $16K PRICE DROP
    • 9 Beds
    • 6 Baths
    • 3,891 Sq Ft

    726 Detroit Ave, P C Beach, FL 32401

    Excellent investment opportunity to own a fully occupied triplex generating immediate rental income. Each of the three units offers approximately 1,300 square feet and features 3 bedrooms and 2 full bathrooms. Units include private driveways, individual backyard spaces, galley-style kitchens, and open living areas. Functional floor plans provide comfortable living arrangements that appeal to

    Shaunnah Whitely Realty One Group Emerald Coast

    726 Detroit Ave, P C Beach, FL 32401
  • /9

    $249,000

    • 4 Beds
    • 2 Baths
    • 1,204 Sq Ft

    144 & 146 Claire Ave, Springfield, FL 32401

    Turnkey Investment Opportunity Duplex at 144 &146, Start generating income immediately with this beautifully updated duplex in the heart of Springfield. Each unit has been recently remodeled and features 2 bedrooms, 1 bathroom, combined living and kitchen area, new cabinets, countertops, flooring, appliances, and fresh interior paint. Both units also include a private outdoor storage shed, adding

    Shaunnah Whitely Realty One Group Emerald Coast

    144 & 146 Claire Ave, Springfield, FL 32401
  • /5

    $223,000

    New Construction $223K PRICE INCREASE
    • 3 Beds
    • 2 Baths
    • 1,095 Sq Ft

    706 School Ave, Panama City, FL 32401

    Under construction - quality new construction home in a convenient Panama City location. This property features a durable exterior with Hardie board front elevation and vinyl siding on the sides and rear for low maintenance. The interior will include real wood cabinetry with soft-close drawers, stone countertops (granite or quartz), and durable luxury vinyl flooring throughout. The layout is

    Patricia Rodrigues Alves CostaBella Real Estate, LLC

    706 School Ave, Panama City, FL 32401
  • /7

    $350,000

    • 6 Beds
    • 4 Baths
    • 2,400 Sq Ft

    147/ 149 Claire Ave, Panama City, FL 32401

    Built in 2023, this duplex features two 3-bedroom, 2-bathroom units, both currently occupied and leased at $1,650 per month each. Combined scheduled gross rental income is $3,300 per month before expenses. Convenient to Tyndall Air Force Base and Business 98, this property offers an opportunity to add a newer duplex with existing tenants to your investment portfolio.

    Heather Neubauer ERA Neubauer Real Estate Inc

    147/ 149 Claire Ave, Panama City, FL 32401
  • /11

    $169,000

    New Construction $14K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 906 Sq Ft

    3203 E 2nd Place, Panama City, FL 32401

    Recently repositioned to a highly competitive price, this newly completed duplex unit offers exceptional value for both investors and first-time homebuyers.Price reflects one individual unit (one side of the duplex). Each unit has its own separate parcel, utilities, and individual ownership structure.Featuring 2 bedrooms, 2 bathrooms, plus a flexible bonus room ideal for an

    Patricia Rodrigues Alves CostaBella Real Estate, LLC

    3203 E 2nd Place, Panama City, FL 32401
  • /22

    $1,600,000

    $150K PRICE DROP
    • 13,768 Sq Ft

    114 S Highway 22 A Unit 114 (1-8) & 118 (1-6, Panama City, FL 32404

    SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on

    Charlie Haas Counts Real Estate Group

    114 S Highway 22 A Unit 114 (1-8) & 118 (1-6, Panama City, FL 32404

Why Live in Springfield

Springfield, FL, a recovering suburb of Panama City, is rebuilding after the devastation caused by Hurricane Michael in 2018. The city is centrally located between Callaway and Panama City, making it a convenient area for residents. Springfield features single-family homes, including ranch-style, A-frames, and bungalows, with many properties dating back to the 1950s and '60s, though new homes are also being constructed. The median home price is notably lower than in Panama City and the rest of Florida. The city has been revitalizing its parks with funds from FEMA and the National Park Services, with Buddy McLemore Park and Springfield Garden Walking Park being notable highlights. Springfield is 13 miles east of Panama City's beach attractions and 7 miles north of Tyndall Air Force Base, the area's largest employer. The southern edge of Springfield houses heavy industry, including a chemical factory, which can sometimes affect air quality. Bay District Schools serve the area and are highly rated. Dining and shopping are concentrated on North Tyndall Parkway, featuring local favorites like Gary’s Oyster Shack and The Sea Breeze Restaurant. The Bayway bus system connects Springfield to Panama City and other nearby cities, with the closest airport being Northwest Beaches International, 26 miles away. Severe weather remains a concern, but the Alertbay system provides residents with critical updates.

Home Price Trends

Median Townhouse Sale Price
$249,000
Average Price Per Sq Ft
$207
Number of Homes for Sale
1
Last 12 months Home Sales
0
Median List Price
$249,000
How to Buy a Home How to Finance a Home How to Sell a Home