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22 Bobolink Street, Fort Walton Beach
$820,000
785720 MLS
Income producing 6 plex. 3 one level duplexes with10 bedrooms and 6 Bathrooms total. Currently 100% occupied with 2-2025 NOI rents estimated at $69,840 annually. Established long term tenants with the longest tenant occupancy at 14+ years. Recent property updates include: New roof on buildings 1 and 3 (units A/B and E/F) - 2025 New plumbing (pipes / drains) buildings 2 and 3 (units C/D and E/F) - 2026 New refrigerators in units A, E, F - 2025/2026 New stoves in units B, D - 2025/2026 New A/C unit in unit B - 2025 New granite countertops unit C - 2025 New LVP flooring unit F - 2026.

22 Bobolink Street, Fort Walton Beach

Listing courtesy of NAI TALCOR.

145 6th Street, Apalachicola
$789,900
8 Beds ⋅ 8 Baths ⋅ 785640 MLS
LEGACY LANDMARK OPPORTUNITY!! Originally constructed in 1897 as The Lodge--an iconic local landmark--this beautifully restored property has been completely transformed into eight fully remodeled 1-bedroom/1-bath units, each offering thoughtfully designed living spaces & contemporary finishes. Expansive wraparound porches on both levels welcome you with a classic façade painted in soft coastal hues, while wide boardwalk-style walkways invite residents & guests alike to relax in the sea breeze & embrace that unmistakable Old Florida lifestyle. Inside each unit, bright open living areas enhance natural light & create an inviting atmosphere. The kitchens are appointed with sleek stainless appliances, chic cabinetry, tile backsplash accents & generous prep space--perfectly blending function & style. Private baths showcase modern fixtures & timeless tilework that feel both fresh & refined. With smart layouts, quality materials & attention to detail throughout, every suite feels like a brand-new home. Whether envisioned as a strong income-producing property, long-term rental opportunity, or owner-occupied residence with additional units to offset expenses, the configuration is both flexible & proven. Located just moments from Apalachicola's historic downtown district, you're within easy walking distance of renowned seafood restaurants, boutique shops, riverfront parks & the vibrant social rhythm of one of Florida's most beloved Gulf Coast communities. Weekends mean oyster roasts, farmers' markets & sunset strolls along the Apalachicola River--with pristine beaches only a short drive away. This is more than an investment--it's heritage renewed with modern purpose in a destination cherished by locals & visitors alike. Call for your private tour & LIVE THE BEACH LIFE!

145 6th Street, Apalachicola

Listing courtesy of Beach Properties Real Estate.

206-212 Watermark Way, Port St Joe
$2,060,000
8 Beds ⋅ 8 Baths ⋅ 784958 MLS
Turn key quadplex across the street from the Gulf of America. Each unit is a 2 bedroom 1 full and 1/2 bath with an open floor plan and gulf views. These completely furnished units has a covered front porch, second story covered deck off of a top bedroom with Gulf of America views. Need to entertain or just want extra space? There is a spacious back patio that is partitioned for privacy, large back yard, and side covered parking gives the property many options for added features or expansion versus similar beach multi unit residences. There is a recorded beach access pedestrian easement for easy beach access right across the street. Conveniently located equidistant between Port St Joe and Mexico Beach for a variety entertainment options. The subdivision is decades old and has its own ingress and egress road with no thru traffic. NO HOA!! All units are in an X flood zone per the Gulf PA website, part of the added covered parking is in an AE zone. Verify if important. Some dimensions taken from the Gulf County Property Appraiser's website, please verify if important.

206-212 Watermark Way, Port St Joe

Listing courtesy of Rish Real Estate Group.

3914 Ural Street, 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

Listing courtesy of Keller Williams Success Realty.

1211 Stephen Drive, Panama City
$992,500
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.

604 Lantana Street, Panama City Beach
$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.

754 Sherman Avenue Unit A & B, 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. Both units are leased for $1,295/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.

872 Deer Wood Lane, Chipley
$1,350,000
782383 MLS
**ANOTHER SIGNIFICANT PRICE REDUCTION -- INVESTORS, NOW IS THE TIME!** Deerwood Apartments presents an exceptional opportunity to acquire a **100% occupied, 16-unit multifamily investment** with immediate cash flow, substantial recent capital improvements, and tremendous upside potential! Featuring (8) 1BR/1BA units and (8) 2BR/1BA units, this stabilized asset has benefited from approximately **$350,000 in recent improvements**, including a new septic system, new parking lot, complete exterior repaint, updated on-site laundry facility providing additional income, eight fully renovated units, eight refreshed units, and a roof replaced in 2019. With strong in-place income, below-market rents, and minimal anticipated near-term capital expenditures, investors have a compelling opportunity to increase NOI without taking on a major renovation project. Ideally situated near I-10 and the growing Highway 77 corridor, Deerwood benefits from convenient access to employment, shopping, and everyday amenities. **Whether you're acquiring your first multifamily property or expanding an established portfolio, THIS IS ONE TO TAKE SERIOUSLY!** Ownership has made another meaningful price adjustment and is ready to entertain serious offers. **The heavy lifting has been done, the income is already flowing, and the opportunity to capture additional value is yours. Don't wait for another investor to recognize what this property has to offer!**

872 Deer Wood Lane, Chipley

Listing courtesy of Luxe Coastal Realty Group LLC.

3510/ 3536 Saint John 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

Listing courtesy of Luxe Coastal Realty Group LLC.

240 Harmon Avenue, 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

Listing courtesy of Luxe Coastal Realty Group LLC.

109 Granger Lane, Panama City Beach
$815,000
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.

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

803 E 10TH Court Unit A & B, Panama City
$160,000
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.

708 S HWY 22A Unit A & B, Parker
$179,900
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.

2910 Treasure Circle Unit A & B, Panama City
$500,000
4 Beds ⋅ 4 Baths ⋅ 778658 MLS
REDUCED!OWNER SAYS SELL! UNDER CONTRACT-TAKING BACK UP OFFERS! 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.

20724 First Avenue, Panama City Beach
$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.

1917ABCD Michigan Avenue, Panama City
$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.

59 Ave D, Apalachicola
$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.

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