Sommerbrook Real Estate | Sommerbrook Multi-Family Homes for Sale

Rare opportunity to own a furnished duplex just moments from the sugar-white sands of Panama City Beach! Each side features 2 bedrooms, 1 bath, brand-new kitchen cabinets and appliances, separate parking, a private backyard, and its own outdoor shower. Short-term rentals are allowed, offering excellent flexibility to rent both units, live in one and rent the other, or create the perfect beach getaway for family and guests. Enjoy lagoon views from the yard, convenient access to the nearby boat ramp, and incredible proximity to the beach. Being sold furnished, this property offers a turnkey opportunity with multiple possibilities for personal use and rental income. Two units, one fantastic location, and endless potential near the Gulf!

7300 Sunset Avenue Unit A & B, Panama City

Listing courtesy of EXP Realty LLC.

$995,000

6 Beds ⋅ 6 Baths ⋅ 795113 MLS

This is a rare find on the east side of Panama City Beach. Three attached townhomes with 2 bedrooms 2 baths each, single car carport for each unit, new windows, sheetrock, glass doors, and roof. The property had some damages from Hurricane Michael. Most things have been fixed except cosmetics. Shared pool in the back with nice deck for entertaining. Approximately 1 block from Beach Access 17. Perfect for an investor! More photos to come!

4111 Appalachee Street Unit A, Panama City Beach

Listing courtesy of Realty One of Northwest Florida LLC.

$350,000

6 Beds ⋅ 4 Baths ⋅ 795016 MLS

Built in 2024, this Panama City duplex offers two units, each featuring 3 bedrooms, 2 bathrooms, and over 1,050 square feet of living space, totaling over 2100sqft. Both units are currently leased at $1,650 per month each, providing combined scheduled gross rental income of $3,300 per month before expenses. The lease for 314 Bayou Avenue runs October 1, 2025, through September 30, 2026, and the lease for 316 Bayou Avenue runs September 1, 2025, through August 31, 2026. An opportunity to purchase a newer duplex with existing leases in place. Buyer to verify square footage, lease terms, and operating expenses.

314 & 316 Bayou Avenue, Panama City

Listing courtesy of ERA Neubauer Real Estate Inc.

$319,999

4 Beds ⋅ 2 Baths ⋅ 794982 MLS

The perfect opportunity for a first time investor or seasoned professional! This duplex is currently vacant, and has just had a fresh facelift! Improvements include brand new wood railings around the front porch, fresh exterior paint, and new gates on the fence. The metal roof and HVAC are both only 5 years old. Both units are two bedrooms and one bathroom, with a living room and kitchen. Both sides also have individual attached storage units! The property being vacant makes it the perfect opportunity for someone intending to live in half and rent out the other side (if intending to use as a short term rental, please verify eligibility with Bay County). Using it as an owner occupied property, with the other side rented to pick up most of the mortgage, it would likely be financeable with FHA or VA. This property has a lot of features that make it perfect for families with small children. The duplex is located just a couple blocks from Hiland Park Elementary School on a dead end road. The large backyard has plenty of room for kids to play, and is fully fenced and gated for peace of mind. Headland Avenue is very private, but also offers easy access to Baldwin Road and Highway 231. This means easy commutes for your renters to Bay County's largest employers, including medical facilities, shopping districts, and manufacturing. This property offers tenants privacy, comfort, opportunity, and security in a central location. It is the best of all worlds! Duplexes in locations this good, packed with this many family friendly features, are always in demand for reliable tenants!

3039 Headland Avenue, Panama City

Listing courtesy of Clubbs Real Estate Group LLC.

$689,900

4 Beds ⋅ 2 Baths ⋅ 794974 MLS

Toucan's Towers short term rental DUPLEX in an X FLOOD ZONE is a rare find in Mexico Beach! Multifamily property with gulf views and walking distance to, you guessed it, Toucan's on the Beach restaurant (coming soon again to Mexico Beach!). A short stroll down to the white sand beaches of the gulf with incredible opportunity for both full-time living AND short term or long term rental investing. Live on one side, rent the other. Rent both. Occupy both for yourself or family/friends! The options are truly endless. Each side is independent of the other with separate parking under the home and entrances. At both 715 and 717 Fortner Ave, you'll find gulf views, convenient location, great proximity to the beach, restaurants nearby, etc! If you are looking for a ''no brainer'' investment along the beautiful Forgotten Coast, it has arrived. The sellers have very loosely rented this property - too good not to use for themselves!!

717 Fortner Avenue, Mexico Beach

Listing courtesy of Selling The Coast LLC.

$1,797,000

2 Beds ⋅ 2 Baths ⋅ 794913 MLS

Investment Opportunity! Turnkey 12-unit townhome community in a prime, centrally located Panama City location with convenient access to major highways. Each unit features 2 bedrooms, 1.5 bathrooms, LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property is divided across three separate parcels, with each unit individually metered for added convenience and straightforward expense management. Each unit also has assigned parking. A great opportunity for investors looking for a well-maintained, income-producing property in a convenient location.

1623 N James Avenue, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$250,000

2 Beds ⋅ 2 Baths ⋅ 794873 MLS

INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX WITH FREE LOT! Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance. Convenient Panama City Location Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance. PROPERTY FEATURES • Brand-new construction • Two separate 1-bedroom / 1-bath units • Estimated rent of approximately $1,300 per month per unit • Approximately $2,600/month in combined projected rental income • Durable Hardie® siding • Quartz countertops • Luxury vinyl plank (LVP) flooring • Designed with low-maintenance rental ownership in mind The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses. EVEN MORE INCOME POTENTIAL One of the biggest advantages of this property is the opportunity to expand the rental income. The property has space for an additional dwelling unit if split. For an additional fee, I can build the accessory unit for the buyer. The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately: $5,200 PER MONTH / $62,400 PER YEAR That gives an investor the opportunity to purchase the duplex today and add another income-producing unit. New construction. Low maintenance. Strong rental potential. Future expansion opportunity. Call or message me for pricing, additional property details, rental projections, or information on adding the third unit. Owner/Agent Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.

900 E 14th Street Unit A-B, Panama City

Listing courtesy of JC Real Estate Group, LLC..

$675,000

6 Beds ⋅ 6 Baths ⋅ 794807 MLS

Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.

2600 E 1st Plaza, Panama City

Listing courtesy of ERA Neubauer Real Estate Inc.

$275,000

558432 MLS

Don’t miss this fantastic opportunity to own a well-established mobile home park offering excellent income potential and room for growth! This property includes: 9 Mobile Homes and 1 Single-Family House– providing consistent rental income Mature Pecan Trees – adding beauty and charm to the property Available Lots – space to add 6 more mobile homes and increase revenue! 2.74 acres total. The site is outside the City Limits and not zoned! The park is well-maintained with open green spaces, established landscaping, and utility hookups in place. Located on a quiet street with easy access to local amenities and major roadways, this property is ideal for investors looking to expand their portfolio or those seeking passive income with long-term upside. The combination of current cash flow and development potential makes this property a rare find. Don’t wait—opportunities like this don’t last long!

220 County Road 401, Elba

Listing courtesy of 1st Class Real Estate Wiregrass.

$350,000

6 Beds ⋅ 4 Baths ⋅ 794731 MLS

Built in 2023, this duplex features two 3-bedroom, 2-bathroom units, both currently occupied and leased at $1,650 per month each. Combined scheduled gross rental income is $3,300 per month before expenses. Convenient to Tyndall Air Force Base and Business 98, this property offers an opportunity to add a newer duplex with existing tenants to your investment portfolio.

147/ 149 Claire Avenue, Panama City

Listing courtesy of ERA Neubauer Real Estate Inc.

$2,075,000

2 Beds ⋅ 1 Baths ⋅ 794715 MLS

Investor opportunity! The Lenawee Apartments, located at 6318-6321 Lenawee St in Panama City, FL, offer a multifamily investment opportunity with 18 total units across five buildings. The property includes four quadplexes with 16 two-bedroom, one-bath units of approximately 750 square feet each, along with a duplex featuring two additional two-bedroom, one-bath units of approximately 832 square feet each. All five buildings were constructed in 1985 and feature stucco exteriors. Recent improvements include 2019 roofs and 2020 water heaters, and the units are individually metered for water and electricity. Conveniently located near retail, dining, major roadways, and Tyndall Air Force Base, the property offers strong potential for an investor looking to add a multifamily property to their portfolio.

6321 Lenawee Street Unit D, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$899,000

6 Beds ⋅ 4 Baths ⋅ 794706 MLS

Two residences, one property, and an incredible opportunity just steps from the Gulf in sought-after Bid-A-Wee!Located within a section of the neighborhood where SHORT-TERM RENTALS ARE PERMITTED, 13801 Bay Avenue offers a rare combination of flexibility, beach access, and investment potential in the heart of Panama City Beach. Situated on a single parcel are two separate 3-bedroom, 2-bath residences totaling approximately 2,300 square feet of living space. Both offer their own living areas, kitchens, laundry, private entrances, fenced outdoor spaces, and garage access, creating countless possibilities for how the property can be enjoyed. The main home has received updates throughout and includes a sunroom/breezeway leading to the garage and backyard, while the second residence offers an open layout and covered front porch. With six bedrooms and four bathrooms between the two, the setup works beautifully for extended family, guests, a primary residence with additional income potential, or a vacation rental investment. Generous parking also provides room for additional vehicles or a boat. And then there's the location! Bid-A-Wee is known for its gated, deeded beach access, offering a more private way to enjoy Panama City Beach's sugar-white sand and emerald Gulf waters. The beach is just a short walk or quick golf-cart ride away, while Pier Park, shopping, restaurants, entertainment, nightlife, and everyday conveniences are all just minutes from home. Properties offering this combination of two residences, short-term rental potential, garage and outdoor space, beach access, and a central PCB location don't come along often. Whether you're looking for a primary home with additional living quarters, a multigenerational setup, beach getaway, or income-producing opportunity, 13801 Bay Avenue gives you the flexibility to make it your own. Two residences. Six bedrooms. Beach access. Short-term rental potential. One unique Bid-A-Wee opportunity.

13801 Bay Avenue, Panama City Beach

Listing courtesy of eXp Realty, LLC.

$240,000

2 Beds ⋅ 2 Baths ⋅ 794618 MLS

INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX! Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance. Convenient Panama City Location Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance. PROPERTY FEATURES • Brand-new construction • Two separate 1-bedroom / 1-bath units • Estimated rent of approximately $1,300 per month per unit • Approximately $2,600/month in combined projected rental income • Durable Hardie® siding • Quartz countertops • Luxury vinyl plank (LVP) flooring • Designed with low-maintenance rental ownership in mind The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses. EVEN MORE INCOME POTENTIAL One of the biggest advantages of this property is the opportunity to expand the rental income. The property has space for an additional accessory dwelling unit, and I already have a permitted plan available. For an additional fee, I can build the accessory unit for the buyer. The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately: $3,900 PER MONTH / $46,800 PER YEAR That gives an investor the opportunity to purchase the duplex today and add another income-producing unit without having to start the planning process from scratch. New construction. Low maintenance. Strong rental potential. Future expansion opportunity. Call or message me for pricing, additional property details, rental projections, or information on adding the third unit. Owner/Agent Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance. See 1347 Mercedes Ave and 900 E 14th St for the additional properties.

904 E 14th Street Unit A-B, Panama City

Listing courtesy of JC Real Estate Group, LLC..

$225,000

558561 MLS

Four 2Bd/1Ba townhomes. 1229, 1245, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1263 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

$225,000

558560 MLS

Four 2Bd/1Ba townhomes. 1229, 1245, 1263, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1339 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

$225,000

558562 MLS

Four 2Bd/1Ba townhomes. 1229, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1245 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

$225,000

558563 MLS

Tenant occupied. 1245, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1229 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

$300,000

558559 MLS

Four 2Bd/1.5Ba townhomes. 1229, 1245, 1263, and 1339 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1352 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

$240,000

2 Beds ⋅ 2 Baths ⋅ 794521 MLS

INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX! Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance. Convenient Panama City Location Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance. PROPERTY FEATURES • Brand-new construction • Two separate 1-bedroom / 1-bath units • Estimated rent of approximately $1,300 per month per unit • Approximately $2,600/month in combined projected rental income • Durable Hardie® siding • Quartz countertops • Luxury vinyl plank (LVP) flooring • Designed with low-maintenance rental ownership in mind The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses. EVEN MORE INCOME POTENTIAL One of the biggest advantages of this property is the opportunity to expand the rental income. The property has space for an additional accessory dwelling unit, and I already have a permitted plan available. For an additional fee, I can build the accessory unit for the buyer. The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately: $3,900 PER MONTH / $46,800 PER YEAR That gives an investor the opportunity to purchase the duplex today and add another income-producing unit without having to start the planning process from scratch. New construction. Low maintenance. Strong rental potential. Future expansion opportunity. Call or message me for pricing, additional property details, rental projections, or information on adding the third unit. Owner/Agent Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.

1347 Mercedes Avenue Unit A-B, Panama City

Listing courtesy of JC Real Estate Group, LLC..

$5,700,000

12 Beds ⋅ 16 Baths ⋅ 794502 MLS

The opportunity you've been waiting for has arrived. This extraordinary Gulf-front property on the desirable West End of Panama City Beach offers a rare combination of substantial construction, direct beach access, luxury coastal living, and proven income-producing potential, all just a short drive from iconic 30A no HOA restrictions! Built with longevity in mind, this impressive beachfront building features concrete construction, metal studs, a tile roof, and stucco exterior, providing a level of stability and quality that sets it apart from typical coastal properties. The building consists of three individual income-producing residences, each offering approximately 2,500 square feet with 4 bedrooms and 4.5 bathrooms. One private residence occupies each of the second, third, and fourth floors, creating an exceptional opportunity to own an entire Gulf-front building with three separate luxury rental units and multiple income streams. Each residence features two oversized Gulf-front balconies with panoramic views of the emerald waters, sugar-white sand, and unforgettable sunsets. Walls of glass fill the interiors with natural light while showcasing uninterrupted Gulf views throughout the living spaces. Inside, each residence is thoughtfully designed for both luxury and functionality. Gourmet kitchens feature custom wood cabinetry, extensive granite countertops, premium stainless-steel appliances, generous preparation space, and elegant wet bars with dedicated wine storage. The outdoor amenities make this property equally impressive. A large, covered entertainment area provides plenty of space for guests to gather and relax while enjoying the private pool and hot tub. From there, private beach access leads directly to the Gulf of America, creating the complete beachfront experience for owners and rental guests alike. Whether you're looking for a high-quality Gulf-front investment with three individual income-producing residences, a multi-generational coastal retreat, or the rare opportunity to own an entire beachfront building, this property delivers. With its concrete construction, metal studs, direct Gulf frontage, resort-style amenities, West End Panama City Beach location, and convenient access to 30A, opportunities like this are exceptionally difficult to find.

21523 Front Beach Road, Panama City Beach

Listing courtesy of Found Real Estate Company.

$225,000

8 Beds ⋅ 4 Baths ⋅ 214466 MLS

Four 2Bd/1Ba townhomes. 1229, 1245, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1263 Harris Rd, Ozark

Listing courtesy of Forrest & Fields Commercial Real Estate.

$300,000

8 Beds ⋅ 5 Baths ⋅ 214468 MLS

Four 2Bd/1.5Ba townhomes. 1229, 1245, 1263, and 1339 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1352 Harris Rd, Ozark

Listing courtesy of Forrest & Fields Commercial Real Estate.

$225,000

8 Beds ⋅ 4 Baths ⋅ 214464 MLS

Four 2Bd/1Ba townhomes. 1229, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1245 Harris Rd, Ozark

Listing courtesy of Forrest & Fields Commercial Real Estate.

$225,000

8 Beds ⋅ 4 Baths ⋅ 214467 MLS

Four 2Bd/1Ba townhomes. 1229, 1245, 1263, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1339 Harris Rd, Ozark

Listing courtesy of Forrest & Fields Commercial Real Estate.

$225,000

2 Beds ⋅ 1 Baths ⋅ 214463 MLS

Tenant occupied. 1245, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1229 Harris Rd, Ozark

Listing courtesy of Forrest & Fields Commercial Real Estate.

$3,200,000

8 Beds ⋅ 8 Baths ⋅ 794371 MLS

Completely reimagined and extensively renovated in 2026, this Miramar Beach duplex offers two identical three story residences totaling 5,040 square feet of heated and cooled living space. With no HOA, deeded beach access directly across Scenic Gulf Drive, Gulf views, a fenced shared pool, and an updated paved driveway with on site parking, this is a rare Emerald Coast opportunity. Each residence offers approximately 2,520 square feet with 4 bedrooms, 3 full bathrooms, and 1 half bathroom. The first floor includes two bedrooms, a full bathroom, and a spacious living area with direct pool access. One first floor bedroom in each residence features custom built bunk beds for additional sleeping accommodations. The second floor features an open living and dining area, half bathroom, Gulf view balcony, and updated kitchen with quartz countertops, white shaker cabinetry, subway tile backsplash, stainless steel appliances, and generous storage. The third floor provides two bedrooms, two full bathrooms, and an additional Gulf view balcony. Permitted improvements include a metal reroof, siding, doors, flooring, sheetrock, kitchens, bathrooms, water heaters, vanities, plumbing and electrical fixtures, trim, ceiling fans, lighting, paint, and refreshed exterior amenities. This property offers exceptional flexibility for investment, multigenerational living, or a coastal retreat.

1656 Scenic Gulf Drive, Miramar Beach

Listing courtesy of Counts Real Estate Group Inc.

$74,900

3 Beds ⋅ 2 Baths ⋅ 214349 MLS

INVESTMENT for you, HOME for two lucky tenants OR time for a change by making this duplex back to it original layout. Let's get creative and make this old charmer like new!!! It is a must see in a great location!

212 Montana St, Dothan

Listing courtesy of JW Grant Realty.

$399,000

9 Beds ⋅ 6 Baths ⋅ 794136 MLS

**INVESTOR ALERT** This piece of property on the East end of the beach has so many options, making this perfect for your next investment! Almost .7 of an acre in the Upper Grand Lagoon area, with current Trailer Park land use, has five mobile homes on the property. Four are being rented to long term tenants under market value. The other could be remodeled or replaced because of the zoning. All are metered separately and pay their own electric and water. Leaving this property ''as is'' gives strong cash-flow opportunity. This would also make a great development opportunity. Currently, it could be developed as two duplexes, or with a development order could be changed to multi-family. Please do not disturb tenants. All measurements/information are approximate. Buyer to do their own due diligence.

2122 Anne Avenue, Panama City

Listing courtesy of SimpliHOM.

$400,000

2 Beds ⋅ 1 Baths ⋅ 794088 MLS

SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1341 E Park Road Unit S1-4, Panama City

Listing courtesy of Anchor Realty Florida.

$400,000

2 Beds ⋅ 1 Baths ⋅ 794086 MLS

SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1339 E Park Road Unit R1-4, Panama City

Listing courtesy of Anchor Realty Florida.

$399,000

2 Beds ⋅ 2 Baths ⋅ 794082 MLS

Charming 2-bedroom, 2-bath Bamboo Cottage in Latitude at Watersound, beautifully updated with thoughtful upgrades throughout. The kitchen features quartz countertops, a gas range, KitchenAid appliances, custom lighting, and a stylish backsplash, while plantation shutters and fresh interior paint add to the home's polished feel. Both bathrooms feature tile, and the home offers 8-foot oversized doors throughout, a screened-in porch, and a recently epoxied garage floor. The primary closet has also been enhanced with custom shelving for added organization and storage. Whether you're looking for a vacation getaway, an investment property, or your own Latitude at Watersound retreat, this charming cottage is ready to enjoy and make your own.

8723 Conch Shell Court, Panama City Beach

Listing courtesy of Legacy Premier Agency.

$400,000

2 Beds ⋅ 1 Baths ⋅ 794078 MLS

SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1337 E Park Road Unit Q1-4, Panama City

Listing courtesy of Anchor Realty Florida.

$399,900

793822 MLS

143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$979,000

6 Beds ⋅ 6 Baths ⋅ 793756 MLS

Performing, luxury DUPLEX short term rental on the desirable east end of Panama City Beach. Fully furnished, averaging $43k income per unit per year. -Individual, privately fenced backyard per unit -Private, covered porches -Individual, private garage per unit -In ground sprinkler system -Oversized lot with room for pool or expansion

2313/2311 Anne Avenue, Panama City Beach

Listing courtesy of Corcoran Reverie SRB.

$399,000

6 Beds ⋅ 6 Baths ⋅ 793806 MLS

143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$545,000

6 Beds ⋅ 6 Baths ⋅ 793726 MLS

Discover a rare gem in this triplex located in Lynn Haven, Florida. 913, 915, 917 Bradford Circle presents an outstanding investment opportunity with immediate returns and substantial growth potential. All three units are currently occupied, ensuring a steady stream of income from day one, totaling an impressive $3,000 per month. What truly sets this property apart is the untapped potential for increased profitability; current rental rates have remained the same for some time, offering an opportunity for the new owner to optimize income and significantly boost your return on investment. You might also consider occupying one unit and renting out the remaining two, offering both a place to live and rental income. Beyond its financial appeal, the triplex boasts a location that is highly attractive to renters. Situated just minutes away from Lynn Haven schools, a diverse array of shops and dining options, beautiful community parks, and convenient boat ramps, residents will enjoy unparalleled access to amenities and recreational activities. The property has a total of six bedrooms and six bathrooms, with each of the three units thoughtfully designed to include two bedrooms and two bathrooms, for those tenants that need the extra space! Some recent upgrades include a newer metal roof installed in 2022 and two newer air conditioning units. Don't miss this chance to acquire a turn-key investment that combines stable current cash flow with the exciting prospect of future appreciation and enhanced rental income. *All measurements to be verified by the buyer.

917 Bradford Circle, Lynn Haven

Listing courtesy of ERA Neubauer Real Estate Inc.

$175,000

8 Beds ⋅ 5 Baths ⋅ 793721 MLS

Outstanding multifamily investment opportunity with exceptional potential! This 2.5-acre corner parcel in Southport, Florida, features three income-producing mobile homes and is ideal for investors looking to expand their rental portfolio. The seller is retiring, creating an excellent opportunity to own a property with established rental history and future upside. Conveniently located just 11 miles (approximately 15 minutes) from Lynn Haven, the property offers a peaceful setting with easy access to shopping, dining, schools, and everyday conveniences. The surrounding area includes established neighborhoods such as Lake Merial, White Oaks, and Skunk Valley. The mobile homes are older and could benefit from some TLC, but they have provided consistent rental income for many years. Previous rental rates were $750/month, $550/month, and $675/month, with long-term tenants in place. The seller believes current market conditions may support higher rental rates, offering additional income potential. Whether you choose to continue operating the property as a rental investment, renovate the existing homes, or take advantage of the beautiful corner parcel to build your dream home, this property offers flexibility and numerous possibilities. Don't miss this unique opportunity to own acreage with income potential in a desirable and growing area. Property and home dimensions are approximate.

12933 Farm Road, Southport

Listing courtesy of Coldwell Banker Realty.

$130,000

2 Beds ⋅ 2 Baths ⋅ 214189 MLS

Exceptional opportunity to own Unit #15 in a professionally maintained multifamily development located in Troy, Alabama. This well-designed 2-bedroom, 2-bathroom apartment offers approximately 1,052 square feet of single-story living space with a functional floor plan, quality finishes, and excellent long-term investment potential. This property is part of a larger offering consisting of 14 total income-producing units, providing investors with exceptional flexibility. Whether you're looking to purchase a single investment property, expand your rental portfolio with multiple units, complete a 1031 exchange, or acquire the entire portfolio, this offering can be tailored to meet your investment goals. Ideally located just minutes from Troy University, downtown Troy, shopping, dining, healthcare, and major employers, the property's location contributes to consistent rental demand and long-term investment stability in one of South Alabama's strongest rental markets. Investment Options Purchase Unit #15 individually. Units may also be purchased in packages of two or more. Investors have the opportunity to acquire up to all 14 available units. Package Pricing: Multiply the number of units by $130,000 per unit. Property Highlights 2 Bedrooms | 2 Bathrooms Approximately 1,052 square feet Desirable single-story floor plan Kitchen appliances included Strong income-producing potential Excellent opportunity for portfolio expansion or a 1031 exchange Convenient location in Troy, Alabama

108 Anderson Rd, Troy

Listing courtesy of Roberts & Faulk Properties.

$369,000

3 Beds ⋅ 3 Baths ⋅ 793666 MLS

Welcome to Unit 5214 at The Island Reserve -- 8700 Front Beach Rd, Panama City Beach, FL 32407 Discover resort-style living in this spacious approximately 1,761 sq ft, 3-bedroom, 2.5-bath condominium -- one of the nicest units in the complex -- located in one of Panama City Beach's most desirable gated communities. Built in 2008, Island Reserve offers a true residential lifestyle with no short-term rentals permitted. Long-term rentals are allowed with a minimum lease term of 6 months and 1 day, making this an ideal primary home, second home, or long-term investment property. This unit comes furnished at full asking price (or unfurnished, if preferred). Step inside to an open, light-filled layout featuring soaring 10-foot ceilings, crown molding, designer vinyl floors and tile floors, and an inviting living/dining area that flows into a well-appointed kitchen with granite countertops and high-end designer LG appliances. The primary suite provides a private retreat with a generous walk-in closet, soaking tub, and separate shower, plus convenient access to your private balcony that offers a beautiful view of the landscape and the pool. Two additional bedrooms and a convenient half bath complete the flexible floor plan, with in-unit washer/dryer connections for everyday ease. Residents enjoy exceptional amenities just steps away: a spectacular 1-acre lagoon-style pool with waterfalls, zero-entry access, lap area, hot tub, and outdoor showers; a state-of-the-art fitness center; indoor basketball/pickleball courts; a theater room with large screen; game room; clubhouse; and lush landscaped courtyards with fountains. Garage parking and gated security add convenience and peace of mind. Located just minutes from the sugar-white sands of the Gulf of America, Pier Park shopping and dining, and other Panama City Beach attractions, Unit 5214 delivers the perfect blend of coastal convenience and upscale resort living. Experience the Island Reserve lifestyle -- schedule your private tour today.

8700 Front Beach Road Unit 5214, Panama City Beach

Listing courtesy of Home Town Realty Partners LLC.

$365,000

4 Beds ⋅ 2 Baths ⋅ 214178 MLS

PORTFOLIO OPPORTUNITY: This property is being offered as part of a cash flowing nine single-family home portfolio. Contact the listing agent for portfolio details, additional properties, and pricing.

2030 2nd Ave, Selma

Listing courtesy of eXp Realty LLC Landmark Real Estate.

$365,000

5 Beds ⋅ 2 Baths ⋅ 214179 MLS

PORTFOLIO OPPORTUNITY: This property is being offered as part of a cash flowing nine single-family home portfolio. Contact the listing agent for portfolio details, additional properties, and pricing.

1711 Alabama Ave, Selma

Listing courtesy of eXp Realty LLC Landmark Real Estate.

$799,900

558400 MLS

Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don’t miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 E Eufaula Street, Ozark

Listing courtesy of Keller Williams Realty Southeast Alabama.

$799,900

20 Beds ⋅ 20 Baths ⋅ 214167 MLS

Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don't miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 Eufaula St, Ozark

Listing courtesy of Keller Williams Southeast Alabama.

$2,000,000

8 Beds ⋅ 10 Baths ⋅ 793380 MLS

Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium luxury vinyl plank flooring and quartz countertops to the Frigidaire Gallery appliance package, designer lighting and plumbing fixtures, and commercial-grade Hayward pool equipment with private heated pools. The first floor welcomes you with a private guest suite featuring an en-suite bath, while the expansive open-concept kitchen, dining, and living areas flow seamlessly to a covered outdoor living space complete with a fireplace and private heated pool--creating the perfect setting for entertaining or relaxing after a day at the beach. The second level offers two generously sized bedroom suites, each with its own en-suite bath and walk-in closet, providing comfort and privacy for family and guests alike. The third floor serves as a private retreat, featuring a spacious bonus living room, convenient kitchenette, and access to an oversized covered balcony where you can enjoy Gulf views and coastal breezes. An additional bedroom suite with a walk-in closet and en-suite bath completes this level, while multiple flex closets throughout the home provide abundant storage or dedicated owner lockout space. Whether you're seeking a premier luxury vacation rental, a second home, or a full-time coastal residence, this exceptional property delivers the perfect combination of sophisticated design, modern amenities, and an unbeatable beachside location.

6806 Thomas Drive, Panama City

Listing courtesy of RE Florida Homes.

$1,800,000

10 Beds ⋅ 10 Baths ⋅ 793352 MLS

NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters. This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool with a temperature control system -- the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

5231-5233 Thomas Drive, Panama City Beach

Listing courtesy of TH Coastal Realty.

$285,000

13 Beds ⋅ 8 Baths ⋅ 214027 MLS

Turnkey Manufactured Home Rental Portfolio – 4.52 Acres on Decatur Road, Cottonwood, AL. A rare opportunity to acquire a fully occupied, income-producing rental portfolio in one package. This offering includes four manufactured homes situated on 4.52 total acres at 2400, 2495, 2510, and 2521 Decatur Road in Cottonwood. The portfolio consists of three double-wide homes and one single-wide, several with recent updates and two that have been fully renovated. All four units are currently occupied and generating rental income. Beyond the existing homes, the acreage offers room for additional units to be placed, giving an investor the ability to expand the portfolio's income potential over time. Whether you are looking to add a stabilized cash-flowing asset to your portfolio or build out additional rental units on site, this package offers flexibility, immediate income, and long-term upside. Property Highlights: 4 manufactured homes (3 double-wide, 1 single-wide) across 4 parcels, 4.52 total acres, 100% occupied with current rental income, recent updates throughout; two homes fully renovated, additional pad space available for future home placement, and sold as a package.

2495 Decatur Rd, Cottonwood

Listing courtesy of Keller Williams Southeast Alabama.

$107,000

558277 MLS

Great investment opportunity with immediate income!! 2 units, both were completely remodeled 2026 to include new flooring, updated plumbing, new cabinets & appliances, bathrooms have new showers, toilets and vanities, plus new roof 2026. Both units are 2/1 and both units are currently rented. One unit is rented for 750.00 and the other unit is rented for 650.00 per month. All major work has been done, including placing the tenants. Call listing agent for appointment!

805 Tacoma Street, Dothan

Listing courtesy of Leisa Johnson's HomeTown Realty.

$249,000

4 Beds ⋅ 2 Baths ⋅ 792854 MLS

Turnkey Investment Opportunity Duplex at 144 &146, Start generating income immediately with this beautifully updated duplex in the heart of Springfield. Each unit has been recently remodeled and features 2 bedrooms, 1 bathroom, combined living and kitchen area, new cabinets, countertops, flooring, appliances, and fresh interior paint. Both units also include a private outdoor storage shed, adding extra convenience for tenants. Ideally located near shopping, restaurants, schools, and everyday amenities, this turnkey investment property is an excellent opportunity to add to your rental portfolio or begin investing in income-producing real estate.

144 & 146 Claire Avenue, Springfield

Listing courtesy of Realty One Group Emerald Coast.

$599,900

8 Beds ⋅ 6 Baths ⋅ 792506 MLS

UNIQUE TRIPLEX OPPORTUNITY! This sprawling 8-bedroom, 6-bathroom PCB triplex offers a rare opportunity to own a spacious property with incredible income potential just blocks from the Gulf. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or simply own a home with exceptional flexibility, this unique offering deserves a closer look. It is the perfect opportunity for an investor with vision to bring this property's true potential to life. The main floor is anchored by Apartment A, a spacious split-level 4-bedr, 2-bath home featuring a beautifully updated kitchen with white cabinets, granite countertops, stainless steel appliances, plus a converted two-car garage that creates an expansive bonus/flex space. Apartment B is a 2-bedroom, 2-bath unit on the second floor with its own separate entrance. Above, Apartment C occupies the third floor and offers another private 2-bedroom, 2-bath layout with elevated views and its own entrance. This rare opportunity is highlighted by its fantastic location in the South Lagoon. It sits just a few blocks from public beach access points off Gulf Drive, offering immediate access to the emerald waters and is even closer to the local boat ramp on the lagoon. No HOA! The expansive lot offers parking freedom, perfectly accommodating an RV, boat, or multiple vehicles. It is ideally positioned within a short stroll or golf cart ride to the marina area, beloved seafood spots, dining, and shopping options along Thomas Drive, seamlessly combining a neighborhood feel with effortless accessibility to the best local attractions. Schedule your showing today. A video tour is also available

5612 Hilltop Avenue Unit A-C, Panama City

Listing courtesy of Coldwell Banker Realty.

$745,000

8 Beds ⋅ 8 Baths ⋅ 792289 MLS

Rare Quadplex Investment Opportunity! This well maintained quadplex features an assumable 2.875% FHA mortgage (subject to lender approval and buyer qualification), offering qualified buyers the opportunity to secure an exceptional below market interest rate. The property is zoned x flood zone & Commercial Mixed Use, making it applicable for short-term rental use. Major updates include a roof replaced in 2019, and 4-Point Inspection reports are available for each unit, documenting the HVAC and plumbing. Ideally located just 7 minutes from Beach Access 2, the property is also surrounded by popular restaurants, shopping, and grocery stores, making it an attractive option for both long term tenants and vacation guests. Whether you're expanding your portfolio or seeking a versatile income producing property, this quadplex is an opportunity you won't want to miss.

133 Gwyn Drive, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

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