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$750,000
5 Beds ⋅ 6 Baths ⋅ 786715 MLS
Attention investors! Income-producing triplex just a short walk to the beach in PCB (4 min walk to Schooners). Perfect for short-term rentals, vacation stays, or long-term tenants. Properties this close to the sand rarely hit the market--strong rental potential and multiple income streams! A - 1 bed + loft, 2 baths. B - 2 bed, 2 bath. C - 2 bed, 2 bath.

5218 Beach Drive, Panama City
$1,000,000
786497 MLS
Under Contract- Taking Backup offers! New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.

6720-6728 Cherry Street, Panama City
$1,000,000
786496 MLS
Under Contract- Taking Backup Offers! New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.

6710-6718 Cherry Street, Panama City
$499,000
5 Beds ⋅ 4 Baths ⋅ 786389 MLS
THREE COVE HOUSES for the price of one! Rare chance to live in the main house and rent out the cottages for income or rent all 3 for a cash flow machine! Main home features 3 beds, 2 baths, 1 car garage with updated kitchen, appliances and bathroom. Cottages are each concrete block featuring 1 bed 1 bath. All 3 homes are currently tenant occupied. Homes boast an excellent location in the Cove and offer a modern feel without sacrificing the original charm.

304 Allen Avenue, Panama City
$354,900
4 Beds ⋅ 2 Baths ⋅ 786155 MLS
Located in the highly desirable Panama City Cove, this versatile 4-bedroom, 2-bath home offers incredible flexibility for homeowners and investors alike. Currently configured as two separate living spaces; a 3-bedroom, 1-bath main unit and a private 1-bedroom, 1-bath unit. This property is perfect for multi-generational living, rental income, or a live-in-one, rent-the-other opportunity. The main 3/1 unit features spacious living areas, comfortable bedrooms, and abundant natural light, creating a warm and inviting atmosphere. The 1/1 unit offers its own private space, ideal for guests, long-term tenants, or short-term rental potential. Situated in the heart of The Cove, you'll enjoy close proximity to downtown dining, shopping, waterfront parks, and marinas while still tucked into one of the area's most charming and established neighborhoods. Whether you're looking to expand your investment portfolio or secure a flexible primary residence with income potential, this property is a rare opportunity in one of Panama City's most sought-after communities.

448 S Macarthur Avenue, Panama City
$170,000
4 Beds ⋅ 2 Baths ⋅ 784682 MLS
Duplex for Sale - Cash Buyers Only. Calling ALL Investors!!!! One side is vacant, featuring a 2-bedroom, 1-bath layout with living room and kitchen, and is ready for a little TLC and your personal touches. The other side is tenant-occupied with a wonderful long-term tenant in place, providing immediate income. Situated on a very large lot with multiple future opportunities for expansion or redevelopment. Prime location just minutes from the marina and downtown.

1209/1211 E 10th Street, Panama City
$230,000
4 Beds ⋅ 2 Baths ⋅ 784202 MLS
*CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* *SELLER ONLY ACCEPTING CASH OFFERS* While previously under contract, this property had $3,300 worth of compliance repairs executed. This dual-unit duplex presents a straightforward investment opportunity for those looking to add a functional, high-occupancy asset to their portfolio. Both sides (2004 & 2006) feature a practical 2-bedroom, 1-bathroom layout and received a targeted interior refresh in December 2025. These updates include brand-new LVP flooring throughout (except in bathroom), fresh neutral paint, and updated fixtures to ensure the units are clean and move-in ready. Each kitchen is equipped with a stove and a brand-new refrigerator. Each unit includes its own dedicated carport, private front porch, and individual laundry room with hookups; Unit 2006 also features a back door for easy yard access. This duplex includes a shed located in the backyard for extra storage. Location is a key highlight, as the property is conveniently nestled between Highway 98 and 23rd Street, just off Michigan Avenue. While Michigan Avenue is currently undergoing major water-main improvements, this infrastructure work promises significant long-term benefits for the area's value and utility. Situated on a low-traffic street in an established neighborhood, this property offers excellent flexibility for various investment strategies, as it can be purchased as a single parcel or as individual sides. Text listing agent for more information.

2004 Drummond Avenue Unit Units 2004 and 2006, Panama City
$549,900
5 Beds ⋅ 3 Baths ⋅ 784070 MLS
Back on the market at no fault of sellers...Welcome to your perfect beach getaway! Conveniently located between the lagoon and the beach. This spacious FULLY FURNISHED 5 bedroom/3 bathroom home offers 2 houses in 1!! The main house (upstairs) is 4 bedroom/2 bath with a full downstairs appt with separate entrance offering 1 bedroom/1 bath. Live in one and rent out the other or rent both. This home features a beautifully updated living space just a short walk from the stunning white sandy beaches. Whether you're looking for a full-time residence, vacation home, or TURN KEY RENTAL, this beach house checks every box. Recently refreshed with updated paint, flooring, and lighting, the home blends modern comfort with coastal charm. Relax and unwind on the outdoor patios where you can feel the breeze. SEPARATE IN LAW SUITE DOWNSTAIRS, Ideal for guest or another source of rental income!! This home offers both convenience and tranquility. Enjoy the ease of beach access just moments from your door, and take advantage of the area's vibrant dining, shopping, and entertainment. Don't miss this incredible opportunity to own a move-in-ready beach property with strong rental potential and room for everyone!

3914 Ural Street, Panama City
$447,000
6 Beds ⋅ 3 Baths ⋅ 784047 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Prime St. Andrews Duplex - Updated, Income-Ready, and Steps from the Waterfront Lifestyle! Located in the heart of historic St. Andrews, this versatile 6 BR/3 BA duplex offers the perfect blend of walkable coastal living and smart investment potential. Enjoy being just a short stroll from local boutiques, waterfront dining, live music venues, parks, and public boat ramp access—a rare opportunity in one of Panama City's most beloved neighborhoods. This well-maintained property features a metal roof, durable brick and vinyl siding, tankless gas water heaters, separate driveways, and an RV ready concrete pad with water and power hookups. A detached one car garage with an attached bonus storage shed adds even more functionality for owners or tenants. Both units are separately metered for power, offering convenience and clean accounting for rental income. Side A - 4 BR/2 BA | Updated & Spacious Split bedroom plan, two newly remodeled baths, updated kitchen with quartz countertops and tile backsplash, custom built ins, laundry hookup, great natural light, and a newly fenced yard with private gazebo. Side B - 2 BR/1 BA | Open & Inviting Perfect for short term guests, long term tenants or multigenerational living. Spacious living area with open kitchen/dining, split bedroom layout, laundry room with hookups, updated covered porch with privacy curtains, 2 car carport, and ample driveway parking. Ideal for owner occupants or investors seeking strong rental potential in a high demand waterfront community. Whether you're seeking a primary residence with rental income, a multi-generational setup, or a strong addition to your investment portfolio, this St. Andrews duplex delivers exceptional value. With modern updates, flexible layouts, separate power meters, and unbeatable proximity to the waterfront lifestyle, this property is ready to generate income and impress future tenants or buyers. *All measurements and information are approximate, please verify if important.

1301 Foster Avenue Unit A, B, Panama City
$200,000
4 Beds ⋅ 2 Baths ⋅ 783054 MLS
Entered for comp purposes only. Duplex in St. Andrews, fully occupied.

2610 W 11th Street, Panama City
$994,999
8 Beds ⋅ 8 Baths ⋅ 783019 MLS
*** ATTENTION INVESTORS *** Income producing property making close to $100k yearly. * Over $200k in upgrades...Completely renovated with top of the line! 4 Townhomes with 2beds/2baths each. New kitchen cabinets, Quartz countertops, new tile flooring including stairs, new recessed lighting trough out, freshly painted, new bathrooms, laundry room, landscaping, and much more!!! * Excellent central location close to the beach, St. Andrews Bay, downtown, and Tyndall Air Force base! * Call now, it won't last!!!

1211 Stephen Drive, Panama City
$575,000
6 Beds ⋅ 3 Baths ⋅ 783004 MLS
Many options here -- Double lot with a Triplex in place that includes underneath parking spaces. LOCATION is great --within walking distance to beach. Short term rentals are allowed. although there are 3 full time tenants now. The land itself is quite valuable, so don't miss the opportunity to invest in a beach community that is seeing record growth.

7519 Sunset Avenue, Panama City
$362,500
6 Beds ⋅ 5 Baths ⋅ 782775 MLS
Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL—Historic St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3-bedroom, 2-bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 - $1,200 a month. Unit 3 and 4 - $450 a week. Water bill $500 a month for all 4 units. Electric - $300-$400 a month for 4 units. Solar panels - $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income. Don't miss out — call today to schedule the showing!

2810 W 15th Street, Panama City
$135,000
4 Beds ⋅ 2 Baths ⋅ 782755 MLS
Investor's Opportunity! Duplex Rehab Project in Prime Panama City Location - Easy Access to Hwy 98 & 23rd St! Solid 1955 four-sided cinderblock duplex with durable metal roof on slab foundation. Perfect for investors seeking a value-add project with strong rental potential in a convenient central location. Property sold strictly AS-IS - in need of complete renovation. Cash buyers preferred; ideal for full rehab to capitalize on high demand for updated multi-family units. Key features: Separate electric and water meters for each unit Each side: 2 bedrooms, 1 full bath, living room, kitchen, and private chain-link fenced backyard area Unit 1707: approx. 501 sq ft | Unit 1709: approx. 505 sq ft Renovated 2-bed units in the area command premium rents - great upside for hold or flip! All measurements approximate and not guaranteed. Schedule your showing today and bring your vision!

1707 Calhoun Avenue, Panama City
$379,000
6 Beds ⋅ 4 Baths ⋅ 782595 MLS
This duplex presents a great investment opportunity with its dual-dwelling layout and desirable location. Each side offers 3 bedrooms, 1 full bath, and 1 half bath. It features an open living space flowing directly into the kitchen with updated countertops and ample storage. Its spacious design provides both privacy and versatility for each unit. Built in 2008 and fully remodeled in 2019--including roof, siding, HVAC systems, and more--this duplex is turnkey and ideal for investors. Unit A was previously leased for $1,695/month. Both units have private driveways as well as a patio space and back yard. Come check it out today!

754 Sherman Avenue Unit A & B, Panama City
$370,000
3 Beds ⋅ 2 Baths ⋅ 782555 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Discover an excellent investment opportunity on the east end of Panama City Beach. This adorable Holiday Beach duplex offers two versatile living spaces and a location that continues to appeal to both long- and short-term renters. Unit A features 2 bedrooms, 1 bathroom, plus a bonus room, while Unit B offers 1 bedroom and 1 bathroom--ideal for generating income from multiple streams, creating a combined 3-bedroom, 2-bath layout, or using the 1-bedroom side as a mother-in-law suite or multi-generational living space. The property includes recent exterior updates, a metal roof, tile and vinyl plank flooring, partial fencing, and ample driveway parking. Each unit is equipped with electric stainless appliances, central HVAC with supplemental mini-split in Unit A, and public water/septic utilities. Positioned just a short distance from beach access at Richard Seltzer Park, this property places you minutes from St. Andrews State Park, restaurants, shopping, marinas, and multiple public boat launches. Lot size is approximately 55' x 150', and zoning allows for continued multi-family use. Whether you're expanding a rental portfolio or looking for a flexible beach-area property, this duplex offers strong potential in a sought-after location. All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important. Schedule your private showing today!

3915 Wasp Street, Panama City
$695,000
3 Beds ⋅ 3 Baths ⋅ 782523 MLS
3 bedroom 3 bath units. Located near the beach and shopping. Three out of the four units are occupied- great rental income!

9125 Laird Street, Panama City
$6,200,000
782381 MLS
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, with 42 units renovated since 2020, showcasing updated flooring, fresh paint, windows, and modern fixtures. Ownership has invested heavily in the property's infrastructure, including new metal roofs, upgraded electrical panels, and numerous HVAC and water heater replacements, minimizing near-term capital expenditures. Additional revenue is generated through an on-site laundry facility, while a separate office building with storage provides efficient on-site management and operational support. The community maintains consistently strong occupancy and is further enhanced by an assumable $4.57 million fixed-rate, 3.75% non-recourse loan (subject to lender approval), providing a significant financing advantage in today's interest rate environment. Ideally located near major employers, schools, shopping, dining, and just minutes from Panama City Beach, the property benefits from strong rental demand in one of Northwest Florida's fastest-growing markets. Now priced at $6.2 million, this is a compelling opportunity for investors seeking immediate cash flow, operational stability, favorable financing, and future growth potential.

3510/ 3536 Saint John Street, Panama City
$6,185,000
782380 MLS
This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalization--featuring upgraded streetscapes, improved walkability, and renewed waterfront development--this asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

240 Harmon Avenue, Panama City
$475,000
4 Beds ⋅ 4 Baths ⋅ 782354 MLS
Investment Opportunity in the Heart of Panama City Beach! Well maintained duplex located at 2512 Shady Oak Ct, Panama City Beach, FL 32408, offering a prime income producing asset just minutes from the white sand beaches, dining, entertainment, and Grand Lagoon. Each unit features a functional layout with strong long term rental appeal and consistent demand in this desirable beach market. Both sides offer comfortable living spaces, well equipped kitchens, sizable bedrooms, and private entrances. The property sits on a quiet cul-de-sac style street, surrounded by mature trees, giving tenants a peaceful setting while still enjoying the convenience of coastal living. Ample parking is provided, along with outdoor space for each unit to enjoy separately. Turn key for investors looking to house hack, long term rent, or expand their portfolio. No HOA restrictions maximize flexibility for rental strategies. Solid occupancy potential, attractive location, and a growing market make this an exceptional opportunity.

2512 Shady Oak Court, Panama City
$512,200
8 Beds ⋅ 8 Baths ⋅ 782268 MLS
Turn key quadplex in a great central location convenient to Highway 98. Property boasts a new metal roof after Hurricane Michael, excellent rental history and little maintenance. Owner responsibilities are limited with each unit being separately metered and residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a cash flow machine!

1513 Bob Loftin Road, Panama City
$278,000
746685 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3907 11th & 3900 Wave St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3909 E 11th Street Unit A,B,C,D, Panama City
$461,000
6 Beds ⋅ 6 Baths ⋅ 763587 MLS
Entered for comps purposes

3118 E Baldwin Road Unit 18,20,22, Panama City
$278,000
746684 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3909 11th St 3903, 3907 11th & 3900 Wave St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3907 E 11th Street Unit A,B,C,D, Panama City
$233,300
746682 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3907 11th St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3900 Wave Avenue Unit A,B,C,D, Panama City
$180,000
2 Beds ⋅ 1 Baths ⋅ 757959 MLS
Great duplex for rental to Invester. Units A & B each have 2/1 and 600 sqft with kitchen, living area, front porch.

606 E 13th Street, Panama City
$212,000
5 Beds ⋅ 2 Baths ⋅ 749708 MLS
Located in Downtown Panama City, Fl, a great rental area, this duplex has been rented for years past. Home is on a large lot with a shed out back. One unit is currently being rented, the other is vacant and ready to be shown. Great income producing property! Large rooms, Large land space on a corner lot. $1100 & $1300 rental amounts.

1001 Oak Avenue Unit A & B, Panama City
$375,000
6 Beds ⋅ 4 Baths ⋅ 761984 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Discover an exceptional investment opportunity with this brand-new duplex, ideally located at 2328 E 19th Place in Panama City, FL. Each side of this modern duplex offers 3 bedrooms, 2 bathrooms, and is designed with 9-foot ceilings that enhance the spacious feel of the interiors. Enjoy the durability and style of LVP flooring throughout, complemented by sleek granite countertops that add a touch of luxury to the kitchens. This property is perfect for long-term rental investments or for those looking to live in one unit and rent out the other. With a completion date set for November 30th or earlier, this property will soon be move-in ready. Don't miss your chance to invest in or move into this beautiful, income-generating property. ''Photographs are from another duplex that will be the exact same level of finishes'' Measurements are approximate buyer must verify if important.

2328 E 19th Place, Panama City
$140,000
4 Beds ⋅ 4 Baths ⋅ 755622 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' 4 bedroom 4.5 bath, duplex. Unit is turnkey investor ready tenant occupied. Listing includes 6342 and 6344 Omoko St. All information and measurements should be verified by purchaser.

6342 Omoko Street, Panama City
$385,000
3 Beds ⋅ 2 Baths ⋅ 765756 MLS
This inviting property features 2020 square ft of spacious layout with modern amenities and a beautifully landscaped yard with palm and fruit trees. Enjoy being the first to live in this newly remodeled gem. This is a must see property with all of its charm. Enjoy the your warming kitchen with a beautiful backyard view at the sink. Kitchen has all new appliance, cabinets, and floor. Living room offers handwood floors, vaulted hardwood ceilings, skylights and a fireplace. Large bonus room at the back of the house that is large enough for another living area. The spacious master bedroom has a spa tub and rainfall shower with a large walk-in closet. The second bedroom is and also very large w a huge closet and vaulter ceiling. The third bedroom is comfortable. The second bath features a deep tub, skylights and double vanity. Nestled in a desirable neighborhood with a beautiful large corner lot, this home provides convenient access to local schools, shopping, and dining options. 2 car attached garage and large laundry should help close the deal. Don't miss out on this opportunity!

3123 Wood Valley Road, Panama City