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$600,000
790972 MLS
Residential Mobile Home Park / Development Opportunity! Cleared 2.61-acre property on N Star Ave with excellent development potential. Per county information, the property may accommodate up to 32 single-family dwellings, subject to applicable approvals and development order, with city water and sewer connections estimated at approximately $40,000. The sale includes both 333 N Star Ave and 401 N Star Ave, consisting of two parcels totaling 2.61 acres. The property currently features two brand-new Fleetwood mobile homes, along with a new well, septic system, and power poles. One home is a 3-bedroom, 2-bathroom, 1,040-square-foot Fleetwood single-wide, and the other is a 4-bedroom, 2-bathroom, 2,128-square-foot Fleetwood double-wide. The two homes alone represent approximately $300,000 in cost. Conveniently located directly behind Callaway Elementary School and just minutes from restaurants, shopping, and everyday amenities. Whether you're looking to establish an income-producing residential portfolio or capitalize on future development potential, this property offers a unique opportunity. Buyer to verify all zoning, development, utility, and permitting information with the appropriate county and municipal authorities.

333 N Star Avenue, Panama City
$1,600,000
790876 MLS
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 all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

114 S Highway 22 A Unit 114 (1-8) & 118 (1-6), Panama City
$589,999
4 Beds ⋅ 2 Baths ⋅ 790852 MLS
Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or long-term tenants. Perfect for those seeking an income-producing property or a beach getaway with added earning potential, this fully furnished duplex is move-in and rental ready from Day One. Outside, the enclosed backyard offers a private setting ideal for pets, entertaining, or unwinding after a day at the beach, while the outdoor fire pit creates a welcoming atmosphere for evening gatherings. Located in a highly sought-after beach community, this property presents an outstanding opportunity for investors and second-home buyers alike. Occupy one side while generating revenue from the other or maximize returns by leasing both units. Opportunities like this are rare in such a prime coastal location. All measurements, details, and information should be verified by buyer and/or buyer's representative.

5220 Beach Drive, Panama City
$899,000
4 Beds ⋅ 4 Baths ⋅ 790666 MLS
INVESTOR OPPORTUNITY WITH PROVEN SHORT-TERM RENTAL HISTORY! $100k in revenue on the books for 2026 so far, with plenty of dates still available! This beautifully designed duplex offers the perfect blend of income potential and resort-style living just minutes from Panama City Beach's world-famous white sand beaches. Consisting of two separate 2-bedroom, 2-bath units, the property features a total of 4 bedrooms, 4 full bathrooms, 1 half bath, and is currently operating as a successful short-term rental. Each unit showcases modern coastal finishes, spacious open-concept living areas, large kitchen islands with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and private laundry rooms complete with dedicated washers and dryers for each side. The bedrooms are generously sized, while the spa-inspired bathrooms feature custom tile showers and upscale finishes. One of the primary suites even includes a private sauna, creating an elevated guest experience that helps set this property apart in the vacation rental market. The centerpiece of the property is the stunning shared courtyard designed for entertaining and relaxation. Guests can enjoy the private pool with water feature, covered outdoor living spaces, outdoor bar seating, fire tables, dining areas, and multiple gathering spaces that create a true resort-like atmosphere. A convenient poolside half bath enhances the outdoor experience, while the natural gas heated pool allows for extended seasonal enjoyment and added appeal for vacation renters. The thoughtful courtyard design provides privacy while encouraging outdoor enjoyment year-round. Designed with both guest comfort and operational efficiency in mind, the property is equipped with two tankless natural gas water heaters, providing reliable hot water capacity for both units while offering energy-efficient performance. With ample parking, durable metal roofing, attractive coastal architecture, and a location convenient to beaches, dining, shopping, marinas, and local attractions, this property is well-positioned for continued rental success. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a versatile coastal property with multiple use options, this turnkey duplex presents a rare opportunity.

8918 Lorento Street, Panama City
$578,000
6 Beds ⋅ 6 Baths ⋅ 790574 MLS
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 kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City
$578,000
790575 MLS
Serious price improvement. The numbers make great sense, solid ROI. 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 kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City
$350,000
4 Beds ⋅ 3 Baths ⋅ 790466 MLS
Great investment opportunity in the heart of Panama City! This duplex at 5111 Hagin Drive offers immediate income potential with one side currently tenant occupied, making it ideal for investors or buyers looking to offset their mortgage with rental income. Conveniently located near shopping, dining, schools, and Tyndall Parkway, this property provides easy access to both everyday amenities and Tyndall Air Force Base. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or add a cash-flowing property to your investments, this duplex offers flexibility and opportunity. Don't miss your chance to own an income-producing property in a growing area of Bay County!

5111 Hagin Drive, Panama City
$599,000
9 Beds ⋅ 6 Baths ⋅ 790460 MLS
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 long-term tenants.

726 Detroit Avenue, Panama City
$1,100,000
5 Beds ⋅ 5 Baths ⋅ 790039 MLS
Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes, water views, and the relaxed coastal lifestyle. The property has been completely updated and remodeled, offering peace of mind with all new modern interior design in 2020, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019. This level offers wide open living with windows all the way around bring the outdoors in. Almost feel like you're walking on water. The open concept means whether in the living room, kitchen of dining, the lagoon is living breathing art. In addition to the main residence, there are two separate 1-bedroom units on the main level. The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon, creating a charming retreat for guests, parents in their golden years, or rental income (short term, or long term). The second 1-bedroom unit is located street side, offering even more flexibility for extended family, tenants, or owner-occupant income potential. Whether you envision a waterfront primary residence with income-producing units, a multi-generational coastal compound, or a smart investment property in a highly desirable location, this S Lagoon property delivers rare versatility, updated design, peace of mind of a renovation, and the boating lifestyle Florida is made of.

6722 S Lagoon Drive, Panama City
$1,575,000
790023 MLS
Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, approximately 1,677 square feet, and an attached 1-car garage, creating an ideal setup for stable long-term rental demand and strong occupancy potential. These thoughtfully designed units showcase upscale finishes throughout, including oversized open-concept living spaces, luxury vinyl plank flooring, recessed lighting, modern fixtures, and beautifully appointed kitchens with custom cabinetry, stainless steel appliances, oversized islands, and warm butcher block countertops. The bathrooms offer a high-end contemporary feel with custom vanities, designer lighting, vessel sinks, designer mirrors, and stunning tiled walk-in showers with frameless glass enclosures. Built with today's renter in mind, each residence offers spacious layouts, modern coastal-inspired exteriors, private garage parking, and stylish, durable finishes designed for long-term appeal and minimal upkeep. The property also features ample parking, attractive curb appeal, and a clean, modern aesthetic that sets it apart from typical multifamily offerings. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this fully leased, turnkey development offers a rare opportunity to own a brand-new income-producing property with immediate cash flow and modern construction advantages.

5333-5345 Cherry Street, Panama City
$695,000
15 Beds ⋅ 9 Baths ⋅ 789830 MLS
Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rents for $1,000/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

119 College Avenue, Panama City
$1,300,000
12 Beds ⋅ 12 Baths ⋅ 789738 MLS
Beautiful complex of 6 apartments built in 2024. 2 bedrooms and 2 bathrooms for each apartment, Excellent acquisition, modern and in a good area, close to hospitals, restaurants, schools, shops, beaches and more.

528 Kraft Avenue Unit A,B,C,D,E,F., Panama City
$760,000
8 Beds ⋅ 12 Baths ⋅ 789241 MLS
Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City
$240,000
2 Beds ⋅ 2 Baths ⋅ 789037 MLS
Great opportunity for the savvy investor. New concept for a changing market. This 1 bedroom/1 bath home per side screams affordability and efficiency. Apartment living is getting stale. This concept allows for more privacy and frees your tenant from that noisy apartment living. Maximize profits by living in one and renting the other. Limitless opportunities here. Separate electric and water meters for each side. As an extra bonus there is ample space for an additional accessory unit to be added to the rear increasing the rental potential of the property. Schedule your showing today.

812 Maple Avenue, Panama City
$450,000
6 Beds ⋅ 4 Baths ⋅ 789006 MLS
Beautiful Newly b built duplex, ready to make it your main or home between families or to turn it into your acquisition for rents. Each duplex has 3 bedrooms and 2 bathrooms, modern kitchen, beautiful bathrooms, a large back yard. Near mall, near 23ST WHERE SCHOOLS, SUPERMARKETS AND DEPARTMENT STORES ARE LOCATED. Just 20 minutes from the best beaches in this area. Don't miss this opportunity.

2826 La Mesa Avenue Unit 2826/ 2828, Panama City
$194,380
3 Beds ⋅ 2 Baths ⋅ 788835 MLS
🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's market. Built with 2x6 exterior walls, 9-ft ceilings, and double-insulated 8-inch dividing walls for superior durability, efficiency, and sound control. Features include waterproof 12-mil LVP flooring, plywood cabinetry, quartz countertops, and modern fixtures. Fully sodded lot with concrete driveway (2 vehicles). Located near Tyndall AFB, schools, shopping, and beaches--ideal for both living and rental demand. Opportunities at this price point in new construction are extremely limited. Builder willing to consider incentives for multiple unit purchases. Easy to show.

236 Springfield Avenue, Panama City
$194,380
3 Beds ⋅ 2 Baths ⋅ 788834 MLS
🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's market. Built with 2x6 exterior walls, 9-ft ceilings, and double-insulated 8-inch dividing walls for superior durability, efficiency, and sound control. Features include waterproof 12-mil LVP flooring, plywood cabinetry, quartz countertops, and modern fixtures. Fully sodded lot with concrete driveway (2 vehicles). Located near Tyndall AFB, schools, shopping, and beaches--ideal for both living and rental demand. Opportunities at this price point in new construction are extremely limited. Builder willing to consider incentives for multiple unit purchases. Easy to show.

234 Springfield Avenue, Panama City
$194,380
3 Beds ⋅ 2 Baths ⋅ 788833 MLS
🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's market. Built with 2x6 exterior walls, 9-ft ceilings, and double-insulated 8-inch dividing walls for superior durability, efficiency, and sound control. Features include waterproof 12-mil LVP flooring, plywood cabinetry, quartz countertops, and modern fixtures. Fully sodded lot with concrete driveway (2 vehicles). Located near Tyndall AFB, schools, shopping, and beaches--ideal for both living and rental demand. Opportunities at this price point in new construction are extremely limited. Builder willing to consider incentives for multiple unit purchases. Easy to show.

232 Springfield Avenue, Panama City
$285,000
3 Beds ⋅ 3 Baths ⋅ 788557 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' This was a multi-offer situation. Highest and best was called. This well-maintained triplex presents a compelling investment opportunity in Panama City, FL, just 12 minutes from Tyndall Air Force Base and approximately 15 minutes to downtown Panama City. The property features three well-designed units, each offering functional layouts and comfortable living spaces that continue to support strong rental demand in the area. With current income generation already in place, end units are producing $900 and middle unit is producing $875 per month, delivering immediate cash flow from day one. This established performance provides investors with a stable, income-producing asset in a market that continues to show resilience and growth. Strategically positioned near key employment centers, including Tyndall AFB and downtown Panama City, the property benefits from it's solid construction and proven rental history making it an ideal addition for investors seeking both dependable cash flow and long-term appreciation. Whether expanding an existing portfolio or entering the multifamily space, this triplex offers a rare combination of current income, strategic location, and future upside in one of Northwest Florida's steadily growing markets.

6521 Chipewa Street Unit A, B, C, Panama City
$480,000
4 Beds ⋅ 4 Baths ⋅ 788047 MLS
UNDER CONTRACT SELLER ACCEPTING BACKUP OFFERS *HUGE PRICE REDUCTION - HURRY DON''T WAIT!* Welcome to 6326/6328 Beach Drive, a rare duplex opportunity located just two blocks from the sugar-white sands of Panama City Beach. This income-producing property features two spacious units, each offering 2 bedrooms and 2 bathrooms, making it ideal for short-term rentals, long-term tenants, or an owner-occupant looking to live in one unit while generating income from the other. Each unit offers a comfortable, open layout with thoughtful features including bedroom-level laundry, private back porches, and outdoor showers--perfect for rinsing off after a day at the beach. The property also includes a fenced backyard, providing space for pets, entertaining, or added tenant appeal. A large second-floor deck spans the front of the home, offering Gulf views and a great space to relax or entertain. The property has been updated with a new HVAC system installed in 2023, and the stucco exterior provides durability and low maintenance. Located in a golf cart-friendly neighborhood with no HOA, this property offers flexibility and ease of ownership. It is not located in a flood zone, and flood insurance is not required. Zoned for short-term rentals, this duplex provides excellent potential for investors seeking strong rental income in a high-demand beach market. Conveniently situated near local restaurants, shopping, and entertainment, the home is approximately five minutes from the Navy Base and about fifteen minutes to Tyndall Air Force Base. Grocery stores including Publix, Winn-Dixie, and Walmart are all nearby, and Pier Park is just a short 10-minute drive away. Whether you are looking for an investment property, vacation home, or primary residence with income potential, this duplex offers a unique opportunity in a highly desirable Panama City Beach location.

6328 Beach Drive, Panama City
$55,000
3 Beds ⋅ 3 Baths ⋅ 788019 MLS
CURRENTLY UINDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Currently being taken down to the studs, it's a true blank canvas ready for your vision and personal touch. Once was a 3 bedroom 3 bath triplex. Welcome to 422 N MacArthur Avenue in the heart of Panama City! This property presents a unique opportunity to create your dream home or next mixed use investment project from the ground up. Ideally located just minutes from downtown, shopping, dining, and the beautiful Gulf Coast beaches, this home sits in a convenient and growing area. With the heavy lifting already started, investors, builders, and savvy buyers will appreciate the chance to fully customize every detail. Situated on a generously sized lot, there's plenty of space to design outdoor living areas, landscaping, or future additions. Whether you're looking to renovate and resell, build long-term rental income, or design your perfect primary residence, the potential here is endless. Don't miss this rare opportunity to bring your vision to life in Panama City! Whether you're looking for a primary residence, rental opportunity, or a coastal retreat, this property offers incredible potential in a growing area. Don't miss your chance to own a piece of Panama City living!

422 N Macarthur Avenue, Panama City
$496,000
6 Beds ⋅ 4 Baths ⋅ 787848 MLS
Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

803 Oak Avenue, Panama City
$554,900
6 Beds ⋅ 3 Baths ⋅ 787586 MLS
Great investment opportunity in the desirable South Lagoon area! This well-located triplex offers the ideal combination of coastal living and steady income potential, just a short stroll from the sugar-white sands and nearby boat ramps. Conveniently situated near Grand Lagoon and St. Andrews State Park, with easy access to charter fishing, marinas, and popular local dining, this property is perfectly positioned to attract both long-term tenants and future vacation renters. Each of the three units features 2 bedrooms and 1 bathroom, with bright, open-concept layouts that provide comfortable and functional living spaces. The property is currently fully occupied with long-term leases in place, offering immediate and reliable rental income from day one. Whether you're looking to expand your portfolio, secure a coastal investment, or explore future short-term rental potential, this South Lagoon triplex delivers strong upside in a highly sought-after location. ALL SIZES AND MEASUREMENTS ARE APPROXIMATE. IF IMPORTANT, PLEASE VERIFY. Photos of interior are of Unit C.

6218 Hilltop Avenue Unit A,B,C, Panama City
$429,000
9 Beds ⋅ 7 Baths ⋅ 787457 MLS
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. FULLY OCCUPIED | INCOME PRODUCING MULTI-FAMILY | PRIME PANAMA CITY LOCATION Investor opportunity in the heart of Panama City! This 6-unit multi-family property is 100% occupied and generating immediate cash flow with multiple income streams and value-add potential. Situated on a large lot at 507 N Gray Ave, this property features a main house with separate upstairs apartment PLUS a detached 4-unit apartment building (former Russell Motel) - making it ideal for long-term rentals, workforce housing, travel nurse housing, or furnished rentals. Current Performance: Total Units: 6 9 Bedrooms / 8 Bathrooms Monthly Income: $6,650 Projected Annual Income: $79,800 100% Tenant Occupied Value-Add & Upside Potential: Rents currently below market in some units, Opportunity to increase rents and maximize ROI, Flexible rental strategies (short-term, mid-term, furnished, room rentals) Ideal for investors seeking cash flow + appreciation Property Breakdown: Main House: 3BR/2BA + 2BR/1BA apartment (separate entrances), Additional 4-unit apartment building with remodeled units, Efficiency unit + multiple 1BR units, Separate entrances throughout for maximum rental flexibility Major Updates & Improvements: Updated plumbing (PVC & PEX), New water line & pump station (2022), New Gas Lines, Updated HVAC window units, New water heaters (2020) + tankless (2022), Updated railings to code, Additional Features: Multiple fenced yard areas, Pole barn with electric (future development potential), Garage with bathroom + storage, Well on site LOCATION = HIGH DEMAND RENTAL AREA: Minutes to Downtown Panama City Close to Bay Medical / local hospitals (ideal for travel nurses), Convenient to public transportation, Approx. 15-20 minutes to Tyndall Air Force Base (military rental demand), Short drive to Panama City Beach & Gulf Coast, Near shopping, dining, and employment hubs, This is a turnkey, Fully Furnished, cash-flowing multi-family investment with strong occupancy, multiple rental strategies, and future upside in a growing Panama City market. All information, including measurements, is deemed reliable but not guaranteed. Buyer to verify if important Call to schedule a showing today!!

507 N Gray Avenue, Panama City
$650,000
787447 MLS
Prime Commercial Property Near Downtown - 10 Bedrooms, 8 Baths, Over 3,000 Sq. Ft. Exceptional opportunity to own or invest in a spacious commercial building offering over 3,000 square feet on a 0.27-acre lot, ideally located just minutes from Downtown, major shopping centers, and the hospital. This versatile property features 10 bedrooms and 8 baths, ready to adapt to a variety of commercial or mixed-use purposes. The layout allows for private offices, client suites, or guest accommodations, complemented by generous common areas and potential on-site parking. The building's solid structure and flexible floorplan make it an excellent fit for professional offices, medical or wellness practices, boutique lodging, or assisted living. With its high-visibility location, convenient access, and ample surrounding amenities, this property offers the perfect balance of functionality and growth potential. Highlights: 3,000+ sq. ft. commercial building 10 bedrooms / 8 bathrooms 0.27-acre lot with expansion or parking potential Minutes from Downtown, hospital, and shopping Ideal for office, medical, hospitality, or mixed-use Don't miss this rare opportunity to establish your business in one of the area's most convenient and thriving locations. Listing is for Both Properties 722 Martin Luther King & 722 1/2 MLK

722 N Martin Luther King Junior Boulevard, Panama City
$1,500,000
6 Beds ⋅ 8 Baths ⋅ 787167 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Luxurious Coastal Duplex - Steps from the Beach! Welcome to your dream investment or personal getaway! This stunning newly built duplex offers the perfect blend of modern luxury and coastal charm, just steps from the sandy shores. Each side of this spacious retreat features: 🏡 3 Bedrooms | 3.5 Bathrooms 🎮 Bonus Game Room with Built-in Full-Size Bunk Beds - Fun for All Ages 🏊 Private Pool for Each Unit - Your Own Oasis 🌊 Just Steps to the Beach - Hear the Waves from Your Doorstep 🛋️ Fully Furnished & Turnkey - Move-In or Rental Ready Designed with open-concept living, each unit boasts stylish finishes and spacious balconies perfect for soaking in the salty air. The bonus room with built-in bunks has direct access to your private pool while adding extra sleeping space, making this an ideal vacation rental or multi-generational retreat. Whether you're looking for a lucrative rental property or a private coastal paradise, this duplex is a rare find. Don't miss your chance to own a piece of coastal luxury! 📍 Schedule a showing today! 🌴☀️🏡

4112 Snapper Street, Panama City
$259,000
4 Beds ⋅ 2 Baths ⋅ 787089 MLS
Investor's Opportunity! Turnkey Rental for Sale! Both units are rented. Each unit is 2 bedroom 1 bath and approximately 700SF. Each equipped with range, refrigerator, dishwasher, and washer & dryer. Both have tile and plank flooring. Spacious backyard. Each unit features indoor laundry, separate utilities, and individual meters. All measurements approximate and not guaranteed.

543 N 9th Street Unit 541-543, Panama City
$190,000
5 Beds ⋅ 2 Baths ⋅ 787079 MLS
Looking for rental investment. This 5-bedroom 2 bath duplex Close to shopping, schools and beach offers 2 bedrooms on one side and 3 bedrooms on the other side. The roof has been replaced in 2018, and the plumbing has been updated on both sides. The flooring has been updated as well. The kitchen offers lots of space and good size bedrooms. Lots of property space for parking and additions. Currently units are leased. If important all information & measurements should be verified.

1814 Arthur Avenue Unit A & B, Panama City
$710,000
8 Beds ⋅ 8 Baths ⋅ 786947 MLS
Unusual find! Check out this 8 bedroom, 8 bath two story Quad-plex close to the VERY popular Panama City Beach. With a 2019 roof, this should be a great investment for you and for future generations. The siding was replaced in 2020 and there is a ''full house'' of rentals in place already. Start collecting rent immediately. Gross rentals for 2025 were $56,100. Located near many great restaurants, you can get to the Hathaway Bridge or to the beach in minutes. Flood Zone X --Each floor is 1876 square feet and open porches add another 900 + feet to the mix.

129 Gwyn Drive Unit A,B,C,D, Panama City
$425,000
4 Beds ⋅ 2 Baths ⋅ 786720 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Opportunity near the beach! This duplex on Panama City Beach is ideally located just 0.1 mile off Thomas Drive, placing you close to restaurants, shopping, and many of the attractions that make the beach area so desirable. Rick Seltzer Park, with its public beach access, picnic areas, and Gulf views, is less than half a mile away, making this a convenient location for enjoying the water and coastal lifestyle. The property features two equal-sized units, each offering approximately 800 square feet of living space. Both units include a family/dining area, kitchen, two bedrooms, one full bath, and a dedicated laundry room, providing comfortable living arrangements for tenants or future occupants. The seller has experienced consistent rental success with the property over the years. In preparation for the sale, the units are being vacated, giving the next owner flexibility to establish new rental terms, pursue long-term tenants, or consider other possibilities. Short-term rentals are permitted, subject to registration with the local fire department. Whether you're looking for an investment property, a duplex to live in one side and rent the other, or a beach-area income opportunity, this property offers a location that keeps you close to everything Panama City Beach has to offer.

4017 Silver Sands Road, Panama City