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$192,000
3 Beds 2 Baths 764343 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to your next home or investment opportunity! This beautiful 3-bedroom, 2-bathroom townhome in Panama City offers short-term rental potential in a no-HOA neighborhood. Currently a popular short-term rental in peak season, this property is both meticulously decorated and ideally located for easy access to shopping, dining, and entertainment. Step into the inviting open floor plan with soaring cathedral ceilings in the living room, laminate wood flooring throughout, and a cozy gas fireplace. Natural light fills the space with skylights in both bathrooms, adding to the bright and airy ambiance. Enjoy privacy in the fenced-in backyard—perfect for gatherings or quiet relaxation. Don't miss out on this spacious, move-in-ready property, perfect for a new home or a thriving vacation rental! Welcome to your next home or investment opportunity! This beautiful 3-bedroom, 2-bathroom townhome in Panama City offers short-term rental potential in a no-HOA neighborhood. Currently a popular short-term rental in peak season, this property is both meticulously decorated and ideally located for easy access to shopping, dining, and entertainment. Step into the inviting open floor plan with soaring cathedral ceilings in the living room, laminate wood flooring throughout, and a cozy gas fireplace. Natural light fills the space with skylights in both bathrooms, adding to the bright and airy ambiance. Enjoy privacy in the fenced-in backyardperfect for gatherings or quiet relaxation. Don't miss out on this spacious, move-in-ready property, perfect for a new home or a thriving vacation rental!

5220 Joshua Lane, Panama City

$550,000
7 Beds 7 Baths 760978 MLS
Attention investors and/orowner occupants. This excellent investment opportunity awaits you in the heart of Historic St. Andrews. Just two blocks from the Bay on a corner lot this property is zoned multifamily consisting of two structures; a single family home of 3,400 sqft with 4 bedrooms and 3.5 bathrooms, and a triplex with 3 one bedroom one bath apartments. Separate water and electric meters for both structures. The main home has a mother-in-law quarters that can also be separated to give a total of 5 rentals. Fiberglass pool with saltwater system Large lot with room for your ATV, boat or jet skis 2 car garage Rental income of $5500-$6500/month, excellent Cap rate of at least 8% SEE PROPERTY INCOME/EXPENSES ATTACHED IN DOCUMENTS Seller is motivated, bring all offers!

3900 W 17th St, Panama City

$350,000
1 Beds 1 Baths 750404 MLS
: 6-Unit Income Property in Panama City, FL Welcome to 143 Claire Avenue, a prime investment opportunity in Panama City, Florida. This well-maintained property features six units, each offering a fantastic source of long-term rental income. Key Features: Steady Income Stream: With an impressive annual revenue exceeding $60,000, this property is a reliable and lucrative source of long-term rental income. Updated Interiors: Recently renovated units showcase modern upgrades and thoughtful design, providing tenants with comfortable and contemporary living spaces. The updates enhance the overall appeal of the property, making it an attractive option for potential renters. Prime Location: Conveniently located in Panama City, residents enjoy easy access to local amenities, schools, parks, and employment centers. The property's strategic location adds to its desirability and ensures a steady demand for rental units. Low Vacancy Rates: The property's strong rental history and the demand for housing in the area contribute to consistently low vacancy rates, providing investors with peace of mind and a stable return on investment. Well-Maintained Exterior: The exterior of the property is meticulously maintained, creating a welcoming and attractive curb appeal. A well-kept property not only appeals to potential tenants but also adds to the overall value of the investment. Measurements are approximate buyer must verify if important.

143 N Claire Avenue, Panama City

$1,050,000
740921 MLS
Here is your opportunity to purchase a 15 unit multifamily apartment complex with commercial road frontage property. This listing consists of two parcels of property. The Hwy 22 road frontage parcel is Parcel ID # 06086-010-000 which consists of .46 acre of vacant road frontage land. The second parcel is Parcel ID # 06086-000-000 which consists of 1.58 acres of land and holds 15 two bedroom one bath residential apartment units. There are currently 3 duplexes and 3 triplexes on this parcel. There are currently 7 occupied units at $1,100 per unit per month. There are several units that are in need of remodel (see photos.) At full occupancy, gross income would be $16,500 per month or higher with potential to rebuild several more units. Prior to Hurricane Michael, there were several more units on road frontage parcel. Slabs are still in place which would give potential Buyer more space for more units to be built. This property is just around the corner from Super Walmart, Starbucks, restaurants, shopping and a very short drive to Tyndall Air Force Base.

5802 E Highway 22, Panama City

$2,200,000
754742 MLS
Welcome to an unparalleled investment opportunity in Panama City, Florida! Presenting a meticulously maintained apartment complex comprising 20 units, each boasting two bedrooms, one bath, and a generous 750 square feet of living space. Nestled conveniently in five two-story buildings, this property offers efficiency and quality in its design and layout. 🌟 Prime Location: Situated just one block away from South Tyndall Parkway, this apartment complex provides tenants easy access to essential amenities, transportation routes, and thriving restaurants, grocery and retail centers. The community of Callaway, Florida, is strategically positioned amidst a landscape of burgeoning growth and development, making it an ideal locale for savvy investors seeking promising returns. 🔨 Exceptional Resilience: In the wake of Hurricane Michael's impact in 2018, the region embarked on a remarkable journey of reconstruction and revitalization. Callaway stands as a testament to resilience, with communities and industries rallying together to rebuild stronger than ever before. The commitment of the Department of Defense to invest $5.9 Billion in the rebuild of Tyndall Air Force Base has catalyzed unprecedented economic growth, driving demand for housing and infrastructure in the area. 📈 Unprecedented Growth: The influx of defense-related projects and economic development initiatives has propelled Callaway and its surrounding areas into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for housing has surged, presenting investors with a solid opportunity for return on investment. 🛩️ Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to deploying three fighter squadrons and the addition of over 600 military jobs per squadron, the demand for housing in Callaway is poised to skyrocket. Moreover, the surge in construction activity, employing up to 4,000 workers, underscores the sustained economic vitality of the region. ⚓ Thriving Naval Presence: Naval Support Activity Panama City further enhances the area's economic vibrancy, with major tenant commands driving innovation and growth. From the Naval Surface Warfare Center, Navy Dive and Salvage Training Center to the Naval Experimental Dive Unit, both the US Coast Guard and naval presence in Panama City contributes significantly to the region's stability and prosperity. Don't miss out on this exceptional opportunity to invest in the future of the communities surrounding Tyndall, including Callaway, Florida. With its strategic location, resilient community, and unprecedented growth prospects, this apartment complex promises enduring value and substantial returns for discerning investors. Seize the moment and make your mark in one of Florida's most dynamic and promising investment destinations! Detailed financial data is available with signed NDA.

718 S Gay Avenue, Panama City

$365,000
4 Beds 4 Baths 749082 MLS
'CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS' Spectacular WATERFRONT property nestled along Massalina Bayou offers effortless access to deep waters for fishing and memorable days at Shell Island! This fantastic opportunity includes the adjacent vacant corner lot at 403 E 4th St, which is ready for development. You'll have a generous 168.8 feet of combined water frontage, making it a waterfront dream. Located just steps from the charming attractions of historic downtown Panama City, this quadriplex features one-bedroom, one-bathroom units with long-term tenants in place. While it requires some tender loving care, there's immense potential waiting to be unlocked. The property boasts a brand-new roof installed in July 2020, ensuring solid protection. However, some interior updates are needed due to water damage incurred prior to the roof replacement. With its prime location and incredible possibilities, this property is an exciting prospect for savvy investors.

405 E 4th Street, Panama City

$450,000
2 Beds 1 Baths 745600 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to the opportunity to purchase two duplexes (4 units) located in St. Andrews. These well-maintained and professionally managed duplexes are located in the sought-after St. Andrews area of Panama City, FL have provided consistent and stable cash flow! These two charming duplexes (4 units) present a fantastic investment opportunity with their convenient location, strong rental demand and desirable features. Each unit offers two bedrooms and one bathroom, with a spacious living room, open kitchen, central heat & air, washer and dryer hook up (each unit) that provides comfortable and functional living spaces. The brick facades exude functional appeal and durability, and the fenced backyards ensure privacy and an excellent outdoor space for tenants and pets. Situated on a corner lot, the duplexes offer dedicated off-street parking, adding to the convenience and easy access to residents' front doors. Recent updates include new roofs and privacy fences installed in 2019. The long-term tenants and consistent occupancy history showcase the strong demand for quality apartment homes in this area. Residents will appreciate the prime location, as these duplex buildings are close to several grocery stores, retail areas on W 15th St & 23rd Street, St. Andrews restaurants, hospitals, and area employers, offering easy access to everyday necessities and amenities. Currently, the rents are below market at $800/month, but similar St. Andrews apartment units are achieving $1,100 to $1,200 in the current market, making these duplexes an enticing investment opportunity with the potential for increased rental income. Don't miss this chance to own these income-generating duplex apartment homes in the desirable St. Andrews area of Panama City.

1517 Clay (Two Duplexes) Avenue Unit A & B, Panama City

$400,000
4 Beds 4 Baths 767454 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSIf you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.

5519_5521 Beach Drive, Panama City

$750,000
766468 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Investment Opportunity: Two Brand-New Duplexes - 4 Units Total For sale: Two side-by-side duplexes located at 2332 E 19th Place, Panama City, FL. These brand-new properties are a perfect turnkey investment for anyone looking to walk into 4 modern rental units. Property Features: • Each unit has 3 bedrooms, 2 bathrooms • High-quality, new construction with modern finishes • Ample parking for tenants' convenience • Ready to rent immediately Why This is a Great Deal: • Bulk sale includes MLS 761981 • All 4 units are located right next door to each other • Incredible investment opportunity with steady ROI potential • Hassle-free, new construction means minimal maintenance These deals don't come along often! Perfect for an investor ready to expand their portfolio with reliable, high-demand rental properties. Measurements are approximate buyer must verify if important

2328 E 19th Place, Panama City

$405,000
4 Beds 2 Baths 770796 MLS
Flexible Duplex Just 2 Blocks from the Beach in Panama City Beach's South Lagoon Area - 7331 Sunset Avenue is a duplex located just two blocks from the beach and Richard Seltzer Park in one of the most popular neighborhoods to live in, thanks to its low traffic year-round, golf cart-friendly streets, proximity to public boat ramps, local restaurants, and shopping. Zoning allows for both short-term vacation rentals and long-term tenants—ideal for investors, house hackers, or those seeking a primary residence with rental potential. Each side of the duplex offers 2 bedrooms and 1 full bathroom, ceramic tile flooring throughout, a rear bedroom with exterior access to a large fenced backyard, and a paved driveway with parking for 4 vehicles per unit. Recent updates include new HVAC systems, new water heaters, new electrical panels on both sides, and a septic system serviced in August 2024. Whether you're looking to invest, live near the beach with added income, or both, this flexible property offers a solid foundation in a well-loved coastal community. All information is deemed accurate but should be verified by the buyer if important.

7331-7333 Sunset Avenue, Panama City

$415,000
4 Beds 2 Baths 768582 MLS
Charming & Renovated Duplex in Historic Cove - Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

124 E 2nd Place, Panama City

$200,000
5 Beds 3 Baths 769484 MLS
Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible! Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot—zoned mixed-use with the option to build another duplex or rezone for single-family residential. Live in one unit and rent the other, or lease both for instant income. Upstairs: 3 beds / 2 baths + ensuite primary Downstairs: 2 beds / 1 bath + yard access Each unit features indoor laundry, separate utilities, and individual meters—ideal for long- or short-term tenants. Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed. Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach. Bonus: construction materials on site convey! Expand, rezone, or rent—this property offers options and income! Schedule your showing and Let's Make Deal Today!

819 Russ Lake Drive, Panama City

$440,000
4 Beds 2 Baths 772201 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS The Perfect Investment Opportunity! Duplexes like this, priced so attractively and located close to the beach, rarely come up for sale. This like-new 4Bed 2Bath duplex presents an incredible opportunity for first-time homebuyers and seasoned investors alike. Each unit features 2 spacious bedrooms and 1 bath, allowing you to live on one side while offsetting your mortgage with rental income from the other. This stunning property boasts an updated kitchen equipped with new stainless-steel appliances, a stylish countertop, and a modern kitchen sink. Enjoy new doors with black hinges and handles, a new water heater, and contemporary light fixtures throughout. The units feature new life-proof flooring throughout, a brand-new roof, updated bathroom vanities,toilets and sinks, and modern showers with sleek sliding doors.Feel secure with a new privacy fence and energy-efficient windows, as well as extra insulation in the attic for enhanced comfort. A smart thermostat enhances the modern living experience. Enjoy proximity to schools, entertainment, the beach, hospitals, pharmacies, and more. Ideal for investors, this duplex is perfect for Airbnb, long-term rentals, or any rental strategy you desire. For VA, FHA, or conventional buyers, this is an excellent way to start your investment journey, as your lender may consider potential rental income to help you qualify.Situated in a desirable location with NO HOA fees, this duplex is truly a hidden gem. Whether you're looking to make a smart investment or find the ideal multi-generational living arrangement, this property stands out as one of the best deals currently on the market. Don't miss out on this fantastic opportunity!

9020/9022 Houston Street, Panama City

$1,497,868
12 Beds 12 Baths 774971 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS WOW - 2% Seller Concessions! Prime Investment: Newly Constructed Quadplex in High-Demand Panama City Beach Location Capitalize on a premier investment opportunity with this newly constructed four-unit property, ideally situated in the high-growth North Lagoon area of Panama City Beach. As the only new quadplex currently available, this property offers a significant competitive advantage in the local rental market. Four Turnkey 2-Story Units with each of the four identical, thoughtfully designed units boasts 1,789 square feet, featuring 3 bedrooms, 2.5 baths, and an attached single-car garage. Premium Rental Appeal Experiences high-end finishes and modern design throughout. The beautiful floor plan includes a generously sized laundry room, a walk-in pantry, a dedicated dining room, and a spacious kitchen with an island, all adorned with quartz countertops and champagne bronze fixtures. Gold electrical fixtures enhance every room. The first floor also features a convenient half bath for guests and an expansive living room. Upstairs, all bedrooms continue the theme of elegant gold finishes. Bathrooms are a luxurious retreat, showcasing gold and white tile, champagne bronze finishes, and quartz countertops on every vanity. This build also offers desirable lagoon views, to attract quality, long-term or short-term tenants and command top-market rent. Low Maintenance, No HOA, one year builder warranty with this brand-new construction ensures minimal capital expenditures and repairs for years to come, further benefiting from the absence of an HOA. Strategically Located being situated within an established subdivision at the east end of Panama City Beach, the property is just moments from the beach and a public boat ramp, guaranteeing strong and consistent tenant demand. Flexible Financing Available qualifying for both VA and Conventional loans, this property offers diverse strategies for acquisition and owner-occupancy. This is a rare opportunity to acquire a high-yield, low-maintenance asset, meticulously designed for maximum cash flow and long-term appreciation in one of Florida's most robust markets.

102 Grand Lagoon Shores Drive Unit 1-4, Panama City

$249,500
3 Beds 3 Baths 778052 MLS
Back on the Market with 2 Brand NEW HVAC Systems (September 16th 2025 $13k Value) & NEW Stainless Steel DISHWASHER September 2025! First Buyer backed out but this beautiful townhome is back on the market EVEN BETTER! Move-In Ready & Updated! This centrally located 3 bedroom 2.5 bath LAKEFRONT unit is located in the gated community of Baldwin Rowe. Kitchen features a breakfast bar, stainless steel appliances, backsplash, slab granite countertops, oversized sink, 2 pantries/storage closets and pennant lights. The Living room offers beautiful luxury vinyl plank flooring, crown molding in all rooms and sliding glass doors to the screened back patio equipped with rubber patio flooring facing the lake. There is a 1/2 bath downstairs. The spacious Primary bedroom faces the lake and has a walk in closet & an en suite with double vanity, large garden tub/shower combo. The 2 Additional bedrooms & bath are also located on the 2nd floor but separated with a hallway door offering a nice divide of privacy. The laundry room is spacious with storage shelving & conveniently located upstairs. Every bedroom has extra thick carpet with 12.7mm foam carpet padding with moisture barrier. This community is located in the heart of Panama City convenient to great schools, shopping, hospitals & just a short drive to the colleges! Enjoy this 3 bedroom 2.5 bath spacious home lakefront living lifestyle without all the exterior upkeep! HOA fee covers the gated entry, lawn maintenance, pool, clubhouse, common areas, trash, pest control & tree trimming. Make your appointment to see this home TODAY!

1604 Baldwin Rowe Circle, Panama City