Bella Woods Real Estate | Bella Woods Multi-Family Homes for Sale

60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low density setting creates strong and consistent short term rental demand in Panama City Beach. The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool. There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach. The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced . Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency. Quadplexes offering direct beach access, no HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!

5012 Gulf Drive Unit 1-4, Panama City Beach

Listing courtesy of LPT Realty LLC.

$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

Listing courtesy of Red Real Estate Associates, LL.

$599,000

5 Beds ⋅ 3 Baths ⋅ 782817 MLS

Great investment property! Three units, two 2-bedroom units and one studio, just steps from Beach Access 50. Beautiful view of The Gulf from the thitd story deck. This long term investment rental is right across the street from the park and features lots of parking, a spacious back yard and is within walking distance of many restaurants and bars. All measures approximate, please verify if 100% accuracy is needed.

604 Lantana Street, Panama City Beach

Listing courtesy of Anchor Realty Florida.

$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

Listing courtesy of CENTURY 21 Commander Realty.

$1,425,000

782383 MLS

ANOTHER $100,000 PRICE REDUCTION! Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow, significant recent capital improvements, and exceptional upside potential. The property features (8) 1BR/1BA units and (8) 2BR/1BA units, with approximately $350,000 invested in upgrades including a new septic system, new parking lot, full exterior repaint, updated on-site laundry facility (additional income stream), eight fully renovated units, eight refreshed units, and a 2019 roof. Strong in-place income, below-market rents, and minimal near-term capital expenditures create a clear path to increasing NOI. Conveniently located near I-10 and the rapidly growing Hwy 77 corridor with consistent rental demand. Aggressively priced and one of the strongest multifamily values currently available in Northwest Florida.

872 Deer Wood Lane, Chipley

Listing courtesy of Luxe Coastal Realty Group LLC.

$3,404,000

782382 MLS

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA units each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

644 Caladium Circle, Panama City Beach

Listing courtesy of Luxe Coastal Realty Group LLC.

$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

Listing courtesy of Luxe Coastal Realty Group LLC.

$6,197,500

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

Listing courtesy of Luxe Coastal Realty Group LLC.

$849,000

4 Beds ⋅ 4 Baths ⋅ 781140 MLS

Luxury Beachside Duplex | Laguna Beach | No HOA | High-Yield STR Potential Discover the ultimate ''Laguna Beach Lifestyle'' at 109 Granger Lane. Nestled on a rare 0.25-acre lot just steps from the Gulf of Mexico, this 2,738 sq. ft. duplex offers the perfect blend of coastal charm and massive investment upside. Whether you are looking for a high-performing short-term rental, a multi-generational beach retreat, or a ''live-in-one, rent-the-other'' setup, this turnkey property delivers. The Property Highlights: Prime Location: Situated in the golf-cart-friendly Laguna Beach community, minutes from 30A but without the 30A price tag. Flexible Layout: Currently configured as a spacious duplex (4BR total), the property features rear entries and efficiency kitchens upstairs, offering the rare potential to be converted into a Quadplex. Turnkey Ready: Professionally furnished and decorated--this ''Gem'' is ready to hit the rental market on day one. Outdoor Oasis: The oversized lot provides ample parking for guests and toys, with plenty of room to add a private pool to further boost rental ADR (Average Daily Rate). Unbeatable Views: Rare dual-aspect appeal with Gulf proximity to the south and serene waterfront lake views to the north. Investment Snapshot: Projected Annual Income: Up to $130,000 in gross short-term rental revenue. Land Value: Situated on a premium parcel with land value alone estimated near $700k. No HOA: Total freedom for owners with no restrictive associations or monthly dues. Experience the quiet side of PCB with easy beach access and high-end vibes. 109 Granger Lane isn't just a home; it's a strategic asset in the Florida Panhandle's most sought-after growth corridor.

109 Granger Lane, Panama City Beach

Listing courtesy of Christies International Real Estate Emerald Coast.

$150,000

2 Beds ⋅ 2 Baths ⋅ 781000 MLS

Grreat investment opportunity, one bedroon duplex, with many upgrades. New windows, new HVAC, and new appliances.. Great location. currently occupied and rented. Currently gross rental income is $1400 a month. current leases are up on 6/15/2026 and 8/15/2026. Duplex has good rental record and is a great investment. contact listing agent for showings. All showings must be setup a minimum of 48 hours in advance and only available at tennants approval. Call today to request a showing.. . Buyer to verify all information..

1103 E 11th Street Unit A & B, Panama City

Listing courtesy of Anchor Realty Florida.

$1,199,000

8 Beds ⋅ 8 Baths ⋅ 779488 MLS

Attention Investors! Sarah Jean Cottages consists of four 2 bed 2 bath 800 sf cottages and 9 additional buildable lots in this quaint Panama City Beach neighborhood. Short term rentals are allowed, and all of the cottages are currently rented on Airbnb with great returns. These beautiful properties have open floor plans with laminate flooring throughout, stainless steel appliances, granite countertops in the kitchen, tankless water heaters, tub/shower in guest bathroom and walk in shower in master. The short-term rental units are fully furnished and outfitted and additionally come with washer and dryers. Paver driveways offer attractive parking. There are two different single story floor plans that have been built, but a two-story option could be built as well in the same footprint. An HOA has been drawn up but not finalized yet. The HOA would need to be established if the buyer wanted to sell the cottages individually. The common areas to maintain are the road, lift station and common grounds. The seller has done all of the needed development work except for installing electrical pedestals for the last 6 lots. Construction plans are included in the Documents. Survey can be provided. Please note that the two-story house in the back of the property is not part of this sale. Please don't disturb tenants if you drive by. Appointments need to be made to see inside the units. Rental numbers are included in the Documents. This sale includes three parcels: 30197-590-000, 30197-590-004, and 30197-590-014. Just a few minutes from the beach, and close to shopping, restaurants, boat rentals, and attractions such as golf, miniature golf, go-karts, Wonderworks, Ripleys and more!

2907 Sarah Jean Court, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

$875,000

4 Beds ⋅ 4 Baths ⋅ 779429 MLS

Introducing 234 Sands Street - a multi-family property on the desirable west end of Front Beach Road, just steps from public beach access. This charming beach cottage includes an attached mother in-law apartment and a separate detached cottage. Zoned R-3 and situated on an oversized 0.27-acre lot, it allows for duplex or triplex use. The main home features tongue & groove ceilings, wood floors, two bedrooms, a bunk area, and a spacious Florida room. Both additional units have private entrances, full kitchens, and bedrooms, perfect for short term rentals and extended family stays. With a little TLC, this unique property offers excellent potential for three short-term rentals—an outstanding investment opportunity minutes from Pier Park and 30A!

234 Sands Street, Panama City Beach

Listing courtesy of Christies International Real Estate Emerald Coast.

$174,900

2 Beds ⋅ 2 Baths ⋅ 779170 MLS

Turnkey Rental for Sale! Just 5 Minutes from Downtown Panama City and everyday living essentials and less than 2 minutes from HCA Hospital! This duplex offers you a variety of opportunity! Whether you are looking for your first investment, or looking for immediate equity, this Duplex has it! This is an opportunity that will not last. Call today! Annual Gross: $19,725

803 E 10TH Court Unit A & B, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$199,900

4 Beds ⋅ 2 Baths ⋅ 779169 MLS

Turnkey Rental Opportunity with huge upside potential! With Rents below market, and a price that you can't beat for a Duplex, this offers the flexibility of a new stay for your first investment or a simple add to your portfolio. Grossing $1,800 per month, $21,480 Annual Gross Income

708 S HWY 22A Unit A & B, Parker

Listing courtesy of CENTURY 21 Commander Realty.

$500,000

4 Beds ⋅ 4 Baths ⋅ 778658 MLS

REDUCED!OWNER SAYS SELL! Short Term Rentals allowed. This is a wonderful duplex with each side having a 2 bedroom, 2 bath, kitchen, huge living area, enclosed porch and a nice size laundry room. Each side is fenced for privacy. This is a wonderful location just a short walk to Schooners and the beach. A great rental to make some money! All investors wanting a short term rental for income, this is your property. Someone could purchase and live in one side and rent the other side out! Don't let this opportunity pass you by! All measurements are approximate.

2910 Treasure Circle Unit A & B, Panama City

Listing courtesy of Coastal Property Services, Inc.

$2,750,000

8 Beds ⋅ 10 Baths ⋅ 745066 MLS

Priced below current appraisal! Will divide and sell the west side separate. This Brand New Construction duplex with professional interior designs provides relaxing and charming ambience located a block from Beach Access 84 and 5 miles to extraordinary 30A with matching floor plans on each side. You can live in one side and either offer the other side as a short term vacation rental or long term rental. Both have individual fenced-in private natural gas heated pools complete with pergolas and outside showers. Rent both sides with a short term rental projection of up to $336,400-$368,600! Enter the first floor into a welcoming, attractive entryway. Bedroom #1 has two double beds over two Queen beds and private full bath with tub and shower. A laundry room and owner's closet are located in the hallway. This first level bedroom #2 has a pool view with King size bed, walk-in closet, custom wall murals with private en suite to include a full bath with shower. The bath provides a convenient entry door with access directly onto the pool area. This 2nd master bedroom contains a large closet, murals and master bath with rain shower and double vanity. Double doors open onto a covered porch with gulf views. The 3rd master bedroom has a large walk-in closet, custom murals and full bath with shower. The second floor also contains a bonus ''Zoom Room'' with single bed and work desk. Enter the third floor into an inviting open Dining, Kitchen and Family room. Stainless steel appliances include a built-in microwave, refrigerator-freezer, gas stove, electric oven and dishwasher. The shiplapped dining area provides seating for ten along with a beautiful island complete with seating for four. Double glass doors exit the kitchen providing a stunning panoramic gulf view opening onto a covered porch with a stainless steel natural gas grill. The third floor family area overlooks the pool. The home is equipped with an inside sprinkler system along with fire and carbon dioxide alarms and elevators that provide easy assess to the upper floors. If you are searching for a home with a ''don't want to leave'' feeling for you, your family or guests this is the place! The west side of the duplex is available to be bought separately. It is the responsibility of the buyer to verify all measurements.

20724 First Avenue, Panama City Beach

Listing courtesy of Beach King Realty.

$999,000

8 Beds ⋅ 8 Baths ⋅ 738248 MLS

Investors, two duplex buildings with 2 units in each building that's new construction all brick duplex homes with front porch & yard. This low cost Maintenace under warranty offers lots of room with its open floor plans and lots of natural light. LVP flooring throughout and the kitchen offers lots of room as well as the large two bedrooms to fit your furniture. The Master bedroom has its own bath with a walk-in shower with seat and the other full bathroom has a full tub and shower. Utility and washer /dryer room will hold a lot of storage. Own driveway parking for each side. 10-minute drive to beach side, Now leasing each side. If important all measurements and information should be verified.

1917ABCD Michigan Avenue, Panama City

Listing courtesy of Central Bay Realty and Property Management LLC.

$499,000

4 Beds ⋅ 4 Baths ⋅ 777715 MLS

HEART of historic Apalachicola--59 Ave D presents an exceptional multi-unit property that combines charm, convenience, and thoughtful modern upgrades in one of the Gulf Coast's most beloved small towns. Recently remodeled, each of the four 1-bedroom, 1-bath units blends contemporary finishes with classic Apalachicola character. Every unit features its own kitchen and living area for privacy and comfort, plus an efficient mini-split HVAC system, a washer and dryer, and a private porch or balcony--perfect for relaxing and soaking in the neighborhood's appeal. Units A and B come fully furnished, offering immediate move-in or rental income potential. A tankless Rinnai on-demand hot water system provides energy-efficient comfort throughout. The lush backyard green space creates a peaceful retreat for gardening, unwinding, or enjoying the Florida sunshine, while the inviting shared porches--upstairs and down--offer the perfect spot for morning coffee, friendly chats, or watching the quiet street life go by. With no short-term rentals permitted, the setting remains serene and community-focused, making this an ideal choice for stable, long-term investment or multi-generational living. Just steps from vibrant downtown Apalachicola, you'll enjoy easy access to boutique shops, acclaimed restaurants, art galleries, and the scenic riverfront. From weekend markets to lively festivals, everything that defines the town's laid-back coastal lifestyle is within walking distance. Whether you choose to live in one unit and lease the others or secure a fully updated property in a prime location, 59 Ave D is a rare opportunity. Be sure to check out the high def 3D video tour. Call for your private tour & LIVE THE BEACH LIFE!

59 Ave D, Apalachicola

Listing courtesy of Beach Properties Real Estate.

$2,099,000

13 Beds ⋅ 15 Baths ⋅ 772255 MLS

* 5 Doors from the Shore - Invest in Style & Income!* Investor's dream in Panama City Beach! This exceptional turnkey rental package includes a beautifully designed triplex and duplex, sold together and fully furnished for immediate income generation. Built in 2020, the triplex offers over 4,000 square feet of thoughtfully planned space, featuring 9 bedrooms and 9 bathrooms across three individually themed units: The Beach Cabana, The Groovy Shack, and Welcome to Paradise. Each unit is uniquely styled to provide guests with a one-of-a-kind, Instagram-worthy experience, complete with private entrances, vibrant exterior doors, and modern coastal finishes that capture the laid-back beach vibe. The adjoining duplex adds another 2,800 square feet of living space, offering 4 bedrooms and 6 bathrooms across two distinct units: The Surf House and The Tropical House. Like the triplex, these units continue the playful, curated design aesthetic and are optimized for maximum guest appeal and rental performance. Every unit has been thoughtfully furnished and is fully equipped, making this a true plug-and-play investment opportunity. Guests will love the short walk to the Gulf, where they can enjoy white sandy beaches and turquoise waters—making these rentals even more attractive in Panama City Beach's thriving vacation market. With strong rental history and impressive income (figures available upon request), this property is already a high-performing asset with even more room to grow. Plans are in place for a 3-bedroom townhouse to be added on the west side of the lot, offering future expansion potential and additional income opportunities. Located just minutes from popular dining, shopping, and entertainment, this property package delivers the perfect combination of location, lifestyle, and long-term value. Whether you're looking to expand your portfolio or break into the short-term rental space, this opportunity checks all the boxes.

10609 Parkhill Circle, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

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