The Ridge Real Estate | The Ridge Multi-Family Homes for Sale

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.

$1,599,999

792850 MLS

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 typical 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

Listing courtesy of LPT Realty LLC.

$674,000

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.

$449,000

4 Beds ⋅ 3 Baths ⋅ 792336 MLS

Turnkey Investment Opportunity with Two Short-Term Rental Eligible Homes! Seller financing available. Whether you're looking to expand your investment portfolio, own a vacation getaway with income potential, or enjoy multi-generational living, this unique property delivers. Situated on a generous 0.20-acre lot just a short golf cart ride from downtown, this offering includes a beautifully renovated 2BR/2BA main home (1,254 SF) and a separate 2BR/1BA accessory dwelling (660 SF)--both eligible for short-term rentals. Both homes have been thoughtfully updated and are offered completely furnished, making this a true turnkey opportunity. Recent improvements include a new metal roof, new flooring, updated interiors, modern kitchens, and refreshed bathrooms. The main home features an inviting covered front porch, an open-concept living area, abundant natural light, and a stylish kitchen with stone countertops, gray cabinetry, stainless appliances, and a center island perfect for entertaining. The detached accessory dwelling provides exceptional flexibility for guests, extended family, or additional rental income. A privacy fence separates the two residences, allowing each home to enjoy its own space. With multiple parking spaces, bay views from the road, and strong income-producing potential, this property is ideal for investors, second-home buyers, or owner-occupants who want to live in one home while generating income from the other. Rare opportunities like this don't come along often.

509 8th Street, Port St Joe

Listing courtesy of Coastal Realty Group.

$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.

$865,000

7 Beds ⋅ 6 Baths ⋅ 792225 MLS

$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

$385,000

792173 MLS

Fantastic turnkey multi-family property in the desired St. Andrews area. Investors take a look at this one. This multi-unit rental property includes 4 total units. Unit A is 2 bed, 1 bath; Units B, C and D are 1 bed, 1 bath. Every unit is occupied and cash-flowing monthly. Please do not disturb tenants, they are happy and love where they live. Great proximity to Downtown St. Andrews and just a few miles to Panama City Beach. All structures are solid and ready for the new owner to take over without having to do anything.

1310 Arthur Avenue, Panama City

Listing courtesy of Northwest Florida Realty, LLC.

$385,000

2 Beds ⋅ 1 Baths ⋅ 792172 MLS

Fantastic turnkey multi-family property in the desired St. Andrews area. Investors take a look at this one. This multi-unit rental property includes 4 total units. Unit A is 2 bed, 1 bath; Units B, C and D are 1 bed, 1 bath. Every unit is occupied and cash-flowing monthly. Please do not disturb tenants, they are happy and love where they live. Great proximity to Downtown St. Andrews and just a few miles to Panama City Beach. All structures are solid and ready for the new owner to take over without having to do anything.

1310 Arthur Avenue, Panama City

Listing courtesy of Northwest Florida Realty, LLC.

$599,900

5 Beds ⋅ 4 Baths ⋅ 792097 MLS

Welcome to 605 10th Street, a rare multi-unit opportunity in the heart of Port St. Joe that offers strong income potential and flexibility in how you use it. This property consists of three separate homes on one parcel and produced over $90K in rental income last year, with short-term rentals permitted. The main home is a 3BR/2BA around 1,800 sqft and was remodeled after Hurricane Michael, featuring a comfortable layout and a screened-in front porch perfect for enjoying slow mornings. With mixed-use zoning, this home could continue as a long-term rental, be used as a full-time residence, or be converted into a business space--ideal for someone looking to live or operate in PSJ. Behind the main home are two matching 1BR/1BA cottages, each roughly 500 sqft, built in 2005 and updated in 2010. Both offer a cozy living/kitchen area, private parking off the alley, and are currently operating as successful short-term rentals. A large storage shed sits at the back of the property, offering plenty of room for bikes, kayaks, tools, or owner storage. The location is tough to beat--just minutes to downtown, the marina, boat ramp, and within walking distance of the city rec park and ball fields. Whether you're looking to expand your investment portfolio, live in one unit while renting the others, or run a business with built-in income, 605 10th Street offers a versatile and highly desirable setup in one of Port St. Joe's most convenient areas. Call today!

605 10th Street, Port St Joe

Listing courtesy of 98 Real Estate Group, LLC.

$895,000

7 Beds ⋅ 6 Baths ⋅ 792048 MLS

WHAT A DEAL! Fabulous property located 1 block from the beach. Easy walk to beach access. This triplex has a 2 bedroom/2 bath downstairs and a 2 bedroom 2 bath upstairs with a private entrance. The back unit detached has a 3 Bedroom 2 bath. All have been remodeled . The detached unit is approximately 1430 Sq feet. The 2 bedroom downstairs is approximately 1258 sq feet and the upstairs unit is approximately 988 square feet. This is a perfect location for beach lovers. Close to great restaurants such as Mike's Diner and Salty Sue's. Walk to both of them. Great opportunity for someone. Huge lot 158 x 205 (.74 acres). All measurements are approximate. Lot is large enough where more units can be built on the property.

307 Sundial Street, Panama City Beach

Listing courtesy of Coastal Property Services, Inc.

$949,900

4 Beds ⋅ 6 Baths ⋅ 792017 MLS

Coming Soon! No showings New Construction Duplex - Nearly Complete in Panama City Beach! Discover an exceptional opportunity to own a newly constructed duplex at 16619 Bonita Drive on the highly desirable west end of Panama City Beach. Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or accommodate multi-generational living, this property offers versatility, modern design, and an unbeatable coastal location. Each residence features approximately 1,200 square feet of thoughtfully designed living space. The first floor showcases an open-concept layout where the kitchen, dining, and living areas flow seamlessly together, creating an inviting space for entertaining and everyday living. A convenient half bath and a private golf cart garage complete the main level. Upstairs, each unit offers two spacious bedrooms, both with private ensuite bathrooms for maximum comfort and privacy. The south-facing bedrooms capture a peekaboo view of the Gulf, adding a touch of coastal charm. Ceiling fans are installed throughout every room, and each bathroom is appointed with modern anti-fog illuminated mirrors, providing both style and everyday convenience. A washer and dryer are also included in each unit. Outside, enjoy ample parking for both residences and a fully fenced backyard, providing privacy and room for pets, outdoor entertaining, or relaxing after a day at the beach. Located just a short walk or golf cart ride from Beach Access #77, you'll have easy access to Panama City Beach's famous sugar-white sand and emerald-green waters. Everyday conveniences are just around the corner, including Carousel Supermarket, while Pier Park, shopping, entertainment, and local favorites including Thomas Donut & Snack Shop, Salty Sue's, Mike's Café & Oyster Bar, Back Beach Barbecue, and Dusty's Oyster Bar are all just minutes away. With modern construction, upscale finishes, thoughtful design, coastal views, and an outstanding location, this nearly completed duplex presents a rare opportunity for homeowners, second-home buyers, and investors alike.

19916 Bonita Drive, Panama City Beach

Listing courtesy of The Ketchersid Group, LLC.

$690,000

791909 MLS

Prime Multi-Family Development Opportunity - R2 Zoning | Approx. 1.92 Acres Exceptional investment and development opportunity in a growing area. This approximately 1.92-acre parcel is zoned R2 Multi-Family and allows up to 15 units per acre, supporting a potential development of up to 23 residential units (subject to final engineering, site plan approval, and municipal review). The property offers approximately 306 feet of frontage and features a favorable layout suitable for a townhome, apartment, or multifamily residential project. Preliminary conceptual planning demonstrates the potential for a 23-unit development with internal access, parking, landscaped common areas, and open space. Development-friendly zoning requirements include: • Front setback: 20 feet • Side setbacks: 5 feet • Rear setback: 10 feet • Multi-family residential use permitted Located in an area experiencing continued residential growth, this site provides an excellent opportunity for builders, developers, and investors seeking to capitalize on strong housing demand. Utilities availability, zoning regulations, density allowances, and development potential should be independently verified by purchaser. Rare opportunity to acquire a multi-family development site with conceptual plans already demonstrating the property's density potential. Bring your vision and unlock the value of this strategically positioned parcel. Buyer to verify all zoning, density, utility availability, permitting requirements, and development feasibility. Proposed site plan is AI Generated.

2431 Game Farm Road, Panama City

Listing courtesy of Anchor Realty Florida.

$329,000

2 Beds ⋅ 2 Baths ⋅ 791898 MLS

Enjoy coastal living without the maintenance of a larger home. With 2 bedrooms and 1.5 bathrooms, the efficient layout makes excellent use of space, creating a comfortable retreat for full-time living, weekend getaways, or vacation rental potential. The kitchen features beautiful quartz countertops, adding a touch of style and durability to this inviting coastal home. Start your mornings with coffee on the screened porch, where you can enjoy the coastal breeze, and spend your days walking to the beach, soaking up the sun, or exploring all that the area has to offer such as the nearby convenience stores and local food truck courtyard. A new HVAC system installed in 2025 provides added comfort and peace of mind. Whether you're looking for an affordable beach escape, an investment property, or a low maintenance coastal residence, this home's unbeatable location and easy beach access make it a must see. Enjoy the relaxed beach lifestyle you've been dreaming of, just steps from one of Florida's most beautiful stretches of coastline.

8201 Pelican Walk Lane, Port St Joe

Listing courtesy of Forgotten Coast Realty of NW Florida LLC.

$2,230,000

10 Beds ⋅ 10 Baths ⋅ 791806 MLS

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

5237 Thomas Drive Unit A & B, Panama City

Listing courtesy of CENTURY 21 AllPoints Realty.

$437,000

3 Beds ⋅ 2 Baths ⋅ 791784 MLS

What's Special: 2 self-contained units Ample parking Mature shade trees Covered patio Walking distance to the beach Welcome to 132 San Vincente! This cottage is perfectly positioned within walking distance of the iconic white sandy beaches and several restaurants, and just 1.5 miles from Pier Park with all of its entertainment options. This property is located in a short-term rental and golf cart-friendly neighborhood. There are two self-contained units. Both Unit A and Unit B are 1-bedroom, 1-bath units with tile flooring throughout. Each unit features a pantry, ample closet space, a breakfast bar, dishwasher, washer/dryer, and plenty of shelving. Unit B also features a large carpeted, closet-lined addition with double-paned windows and a brand-new AC/heat unit. This space could be used as a bedroom, hobby room, or playroom. There is a covered patio tucked away for privacy from the street, featuring two porch swings. The property also includes a small, fully fenced backyard. Nearby Attractions: Frank Brown Park is just 2 minutes away and offers: Public swimming pool Dog park Skate park Sports facilities Playground Home of Gulf Coast Jam Conservation Park is 5 minutes away and boasts: 24 miles of walking and biking trails 2,900 acres of natural beauty Pine forests, wetlands, and cypress domes This home features a metal roof. Recent upgrades within the last 5 years include: New HVAC system in Unit B New water heater in Unit A New refrigerator and dishwasher in Unit A Expand your investment portfolio or enjoy a beachside getaway that could help pay for itself. Live in one unit and rent the other, or maximize income potential with short-term rentals in this highly desirable beach community.

132 San Vincente Street, Panama City Beach

Listing courtesy of Anchor Realty Florida.

$1,500,000

791716 MLS

Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways. Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include: New roofs New PVC plumbing from fixtures through the slab and out to the exterior PEX water lines throughout Spray foam insulation on the roof deck for enhanced energy efficiency New HVAC systems and ductwork New appliances All new sheetrock New plumbing fixtures New lighting fixtures New electrical service and wiring New flooring throughout Indoor laundry rooms in every unit Strong Income-Producing Asset Monthly Gross Income: $12,000 Annual Gross: $143,700 All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare. Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes

810 E 25th Street, Panama City

Listing courtesy of Chesnut Realty, Inc.

$724,000

791536 MLS

SELLER OFFERING $25,000 TOWARD BUYER CLOSING COSTS, PREPAIDS, OR RATE BUYDOWN! Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating approximately $83,460 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings, all with newer 30-year dimensional shingle roofs installed in 2019. The primary residence has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rented for $1,100/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

$1,199,000

8 Beds ⋅ 4 Baths ⋅ 791403 MLS

***ATTENTION INVESTORS*** Spectacular and Modern ''Miami style'' Beach Income producing Quadplex with Top-of-the-line finishes (Over $300K in upgrades) ... 8Beds/4Baths Fully rented in Panama City Beach! Only a few steps from Beach access in the best side of town. The nicest Beachfront restaurants, Beach clubs, Shopping, Parks, convenience stores, and much more! Brand new everything: New impact windows/doors, new A/C units, Calacatta Tile flooring, Kitchen cabinets, White Quartz countertops, recessed lighting, gorgeous showers, Stainless steel appliances, freshly painted, washer/dryer inside the units! Very easy to show, call now...it won't last!!!

3908 Ocean View Drive Unit A, Panama City Beach

Listing courtesy of Red Real Estate Associates, LL.

$529,000

8 Beds ⋅ 10 Baths ⋅ 791362 MLS

Turn key quadplex in a great central location convenient to Highway 98. Each townhouse is 2 beds, 1.5 baths. Property boasts a new metal roof after Hurricane Michael and an excellent rental history. Owner responsibilities are limited with each unit being separately metered for water and electric with residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a cash flow machine!

1512 Kraft Avenue, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$295,000

3 Beds ⋅ 3 Baths ⋅ 791090 MLS

Experience easy coastal living at 380 Salt Creek Ln in Mexico Beach. Located in the new Salt Creek townhome community, this 3-bedroom, 2.5-bath townhome offers distant Gulf views, modern finishes, and a turnkey setup. Sold fully furnished including golf cart, this property is ready for you to enjoy from day one. The open-concept layout features luxury EVP flooring, quartz countertops, stainless steel appliances, white cabinetry with brushed nickel hardware, and a spacious living area designed for gathering after a day on the water. Located within a half mile of Mexico Beach's beautiful white sand beaches, this property is ideal as a primary residence or second-home beach getaway. Priced to sell with furnishings and golf cart included, this is an easy opportunity to start enjoying the Mexico Beach lifestyle.

380 Salt Creek Lane, Mexico Beach

Listing courtesy of 98 Real Estate Group, LLC.

$1,600,000

790876 MLS

SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

114 S Highway 22 A Unit 114 (1-8) & 118 (1-6), Panama City

Listing courtesy of Counts Real Estate Group.

$589,999

4 Beds ⋅ 2 Baths ⋅ 790852 MLS

Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or long-term tenants. Perfect for those seeking an income-producing property or a beach getaway with added earning potential, this fully furnished duplex is move-in and rental ready from Day One. Outside, the enclosed backyard offers a private setting ideal for pets, entertaining, or unwinding after a day at the beach, while the outdoor fire pit creates a welcoming atmosphere for evening gatherings. Located in a highly sought-after beach community, this property presents an outstanding opportunity for investors and second-home buyers alike. Occupy one side while generating revenue from the other or maximize returns by leasing both units. Opportunities like this are rare in such a prime coastal location. All measurements, details, and information should be verified by buyer and/or buyer's representative.

5220 Beach Drive, Panama City

Listing courtesy of LoKation Real Estate.

$1,500,000

24 Beds ⋅ 18 Baths ⋅ 213375 MLS

Turnkey Investment Portfolio | 8 Tenant-Occupied Single-Family Homes | Dothan, AL Rare opportunity to acquire a fully stabilized, income-producing portfolio of eight single-family homes strategically located just outside the Dothan city limits in Houston County. All 8 homes are currently tenant-occupied with a near-zero vacancy history. When a unit turns, multiple applications arrive within days. The portfolio features a diverse property mix of 6 single-story and 2 two-story homes, each on its own separate parcel, offering a future buyer maximum flexibility for individual resale or refinancing. Property is Owner-managed using a digital property management platform, no traditional management company fees. Located minutes from Dothan's shopping, dining, medical centers, and major employers including Ft. Novosel and Southeast Health — two of the most significant and stable demand drivers in the Wiregrass region. County location means lower property taxes while tenants enjoy full access to city conveniences. Houston County home values are up 8.5% year-over-year, making this a strong appreciation market with sustained rental demand. This is a turnkey, performing asset with a proven tenant base and ready to cash flow from day one. Serious inquiries only. Financials, rent rolls, and lease agreements available upon request to verified buyers. Do not disturb tenants. Showings by appointment only with proof of funds or lender qualification.

2300 Middleton Rd, Dothan

Listing courtesy of Berkshire Hathaway HomeServices Showcase Properties.

$920,000

4 Beds ⋅ 4 Baths ⋅ 790666 MLS

INVESTOR OPPORTUNITY WITH PROVEN SHORT-TERM RENTAL HISTORY! $100k in revenue on the books for 2026 so far, with plenty of dates still available! This beautifully designed duplex offers the perfect blend of income potential and resort-style living just minutes from Panama City Beach's world-famous white sand beaches. Consisting of two separate 2-bedroom, 2-bath units, the property features a total of 4 bedrooms, 4 full bathrooms, 1 half bath, and is currently operating as a successful short-term rental. Each unit showcases modern coastal finishes, spacious open-concept living areas, large kitchen islands with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and private laundry rooms complete with dedicated washers and dryers for each side. The bedrooms are generously sized, while the spa-inspired bathrooms feature custom tile showers and upscale finishes. One of the primary suites even includes a private sauna, creating an elevated guest experience that helps set this property apart in the vacation rental market. The centerpiece of the property is the stunning shared courtyard designed for entertaining and relaxation. Guests can enjoy the private pool with water feature, covered outdoor living spaces, outdoor bar seating, fire tables, dining areas, and multiple gathering spaces that create a true resort-like atmosphere. A convenient poolside half bath enhances the outdoor experience, while the natural gas heated pool allows for extended seasonal enjoyment and added appeal for vacation renters. The thoughtful courtyard design provides privacy while encouraging outdoor enjoyment year-round. Designed with both guest comfort and operational efficiency in mind, the property is equipped with two tankless natural gas water heaters, providing reliable hot water capacity for both units while offering energy-efficient performance. With ample parking, durable metal roofing, attractive coastal architecture, and a location convenient to beaches, dining, shopping, marinas, and local attractions, this property is well-positioned for continued rental success. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a versatile coastal property with multiple use options, this turnkey duplex presents a rare opportunity.

8918 Lorento Street, Panama City

Listing courtesy of Salty Marlin Realty LLC.

$339,000

3 Beds ⋅ 2 Baths ⋅ 213355 MLS

A fully occupied duplex for sale! Great for any investor and located in a wonderful area. This duplex has mirrored sides with 3 bedrooms and 2 baths in each side. It offers LVP flooring and granite counter tops. There's a fenced in back yard and it is pet friendly.

503 S State Hwy 109, Dothan

Listing courtesy of Weichert Realtors JBR Legacy Group.

$895,000

3 Beds ⋅ 3 Baths ⋅ 790597 MLS

Closest home to the main resort-style pool in North Prominence, making this beautifully furnished 3BR/2.5BA townhome a true guest favorite. Sold fully furnished and with a 6-seater golf cart, this property offers easy access to nearby South Walton public beach access points, including popular Deer Lake State Park and Santa Clara Regional Beach Access. Inside, the home features a bright open-concept living, dining, and kitchen area with comfortable coastal furnishings, a spacious gathering area, a well-equipped kitchen with ample cabinetry and counter space, generously sized bedrooms, 2.5 baths, a private balcony, full-size laundry room with washer/dryer, and a 2-car garage. Located less than a 5-minute walk to The Big Chill--30A's lively town center with family activities, restaurants, boutique shops, live music, movies on the green, sporting events on the Megatron TV, Luke Bryan's cigar and gastro pub. and much more. Prominence offers outstanding amenities including two resort-style pools, one heated seasonally, zero-entry pool access, grilling areas, open green spaces, onsite ice machine, and access to 17+ miles of bike paths along 30A. Perfectly positioned between Seaside/Seagrove and Alys/Rosemary Beach, with Pier Park about 20 minutes away, this home offers strong rental appeal in one of 30A's most sought-after communities. *Golf Cart Details: The golf cart is a Low Speed Vehicle that goes up to 35mph. It is a 2021 Aetric 6 seater with seat belts, turn signals, etc. It is street legal and registered. *All information provided is deemed reliable but is not guaranteed and should be independently verified by buyers and buyers' agents. Measurements, square footage, lot size, HOA information, school assignments, zoning, and other property details are subject to change and should be confirmed by the purchaser.

11 E Pine Lands Loop Unit B, Watersound

Listing courtesy of Foundation Real Estate Agency LLC.

$608,000

6 Beds ⋅ 6 Baths ⋅ 790574 MLS

Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City

Listing courtesy of Beachy Beach Real Estate.

$608,000

790575 MLS

Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City

Listing courtesy of Beachy Beach Real Estate.

$350,000

4 Beds ⋅ 3 Baths ⋅ 790466 MLS

Great investment opportunity in the heart of Panama City! This duplex at 5111 Hagin Drive offers immediate income potential with one side currently tenant occupied, making it ideal for investors or buyers looking to offset their mortgage with rental income. Conveniently located near shopping, dining, schools, and Tyndall Parkway, this property provides easy access to both everyday amenities and Tyndall Air Force Base. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or add a cash-flowing property to your investments, this duplex offers flexibility and opportunity. Don't miss your chance to own an income-producing property in a growing area of Bay County!

5111 Hagin Drive, Panama City

Listing courtesy of LPT Realty LLC.

$215,000

5 Beds ⋅ 3 Baths ⋅ 790461 MLS

Historic Craftsman Gem in Downtown Marianna, FL! Discover this beautiful 5-bedroom, 3-bathroom Craftsman-style home built in 1915, located right in the heart of downtown Marianna, Florida. In a growing community, this property offers a fantastic investment opportunity. Full of historic character and timeless charm, the home is priced to reflect the updates needed and presents excellent potential for a thoughtful remodel to restore its original beauty. As you enter, you are greeted by a large living room with a cozy sitting area, followed by a spacious formal dining room ideal for entertaining and a kitchen with plenty of cabinet space. The first floor features three large bedrooms, one with its own private bathroom, plus a versatile office that can easily serve as an additional bedroom. Upstairs, two long enclosed bedrooms share a large bathroom in the hallway that connects them. Additional features include a wheelchair-accessible ramp, a converted garage for ample storage, and a large wooden deck overlooking a secluded, shady backyard--perfect for enjoying morning coffee or watching the local wildlife in the afternoons. Situated on busy Highway 90 with excellent visibility and accessibility, this property benefits from a prime location. Marianna is home to the stunning Florida Caverns State Park and the crystal-clear Blue Springs at Merritt's Mill Pond. It is also just one hour from the world-famous white-sand beaches of Panama City Beach. This versatile 1915 Craftsman combines historic appeal with strong income potential, making it ideal as a primary residence, bed and breakfast, Airbnb vacation rental, or commercial office space in a growing market. A rare opportunity to restore and profit from a classic downtown property. Contact us today to schedule a private showing!

4305 Lafayette Street, Marianna

Listing courtesy of Chipola Realty.

$599,000

9 Beds ⋅ 6 Baths ⋅ 790460 MLS

Excellent investment opportunity to own a fully occupied triplex generating immediate rental income. Each of the three units offers approximately 1,300 square feet and features 3 bedrooms and 2 full bathrooms. Units include private driveways, individual backyard spaces, galley-style kitchens, and open living areas. Functional floor plans provide comfortable living arrangements that appeal to long-term tenants.

726 Detroit Avenue, Panama City

Listing courtesy of Realty One Group Emerald Coast.

$200,000

4 Beds ⋅ 2 Baths ⋅ 213270 MLS

THE OFFICE IN FRONT AND DUPLEX IN THE BACK ALL GO TOGETHER ($200,000 FOR ALL) This is a duplex with 2 separate apartments. One apartment is occupied by a tenant and has 3 bedrooms, 1 bathroom, a garage, a deck off of the master, storage underneath. The 2nd apartment is vacant and has 1 bed, 1 bath and has been updated with new flooring, paint, appliances. There is also an office in front of the duplex that is a part of this property. Agent used AI to make the photos brighter.

912 S Oates St, Dothan

Listing courtesy of Coldwell Banker/Alfred Saliba.

$775,000

4 Beds ⋅ 4 Baths ⋅ 790102 MLS

WATERFRONT on Burnt Mill Creek with direct Gulf access and no HOA! This unique property also includes a separate income-producing 1 bedroom, 1 bathroom cottage with a current tenant already in place. If you've been dreaming of waterfront living, this is your chance to own a private slice of paradise. Launch your boat from your backyard, take a trip to Shell Island, fish from your dock, or spend the day kayaking, paddleboarding, or jet skiing right from home. One of the most special features of this property is the privacy. Surrounded by conservation land, the natural beauty and peaceful setting are protected, meaning you won't have to worry about future subdivisions or dense development changing the landscape around you. The wildlife here is something truly special. It's common to spot dolphins swimming through the creek, pelicans diving for fish, and even the occasional otter or manatee passing by your dock. Between the peaceful water views, mature Magnolia trees, and protected surroundings, this property offers the kind of Old Florida atmosphere that's becoming harder to find. This spacious home offers stunning water views from nearly every room. The large living area features double French doors that open into a Florida room overlooking the creek. The kitchen is beautifully appointed with granite countertops, custom cabinetry, a breakfast bar, and a large pantry. The oversized laundry room includes built-in cabinetry and a bay window, making it ideal for a home office, hobby space, or extra storage. Just off the kitchen and dining area, the screened porch creates the perfect setting for relaxing evenings and sunset views over the water. Designed for both comfort and functionality, the home features generous storage throughout with multiple large closets and built-in storage areas rarely found in waterfront properties. Upstairs, the primary suite features French doors leading to a private screened balcony with breathtaking waterfront views. A second master suite downstairs includes a double vanity, walk-in closet, and French doors opening to the Florida room. The additional downstairs bedroom is generously sized and features a charming bay window. Outside, the property is designed for enjoying life on the water. Large shaded decks sit beneath beautiful mature Magnolia trees, creating a peaceful outdoor retreat even during the hottest summer days. Two docks provide ample space for boats, kayaks, and jet skis. The covered dock features a motorized boat lift and previously accommodated a 22' bay boat with ease. A fish-cleaning station with water and power makes it easy to clean the day's catch right from your dock. Fishing enthusiasts will love the location. Head up the creek for bass and bream, or venture into the bay for redfish and trout. Burnt Mill Creek is especially known for excellent speckled trout fishing during the winter months. Additional features include: 25' x 20' Carolina carport built in 2024, Two storage sheds, Short-term rentals allowed, 3,667 SF total area with room for multiple families or guests & Conveniently located: 7 minutes to Northwest Florida Beaches International Airport. 15 minutes to the beach. 15 minutes to Lynn Haven shopping and dining. 25 minutes to 30A. 30 minutes to historic downtown Panama City. Whether you're searching for a waterfront forever home, vacation property, or investment opportunity, this one offers the best of Florida living with income potential already in place. All measurements are approximate and should be verified if important.

9927 Bedgood Road, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$1,100,000

5 Beds ⋅ 5 Baths ⋅ 790039 MLS

Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes, water views, and the relaxed coastal lifestyle. The property has been completely updated and remodeled, offering peace of mind with all new modern interior design in 2020, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019. This level offers wide open living with windows all the way around bring the outdoors in. Almost feel like you're walking on water. The open concept means whether in the living room, kitchen of dining, the lagoon is living breathing art. In addition to the main residence, there are two separate 1-bedroom units on the main level. The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon, creating a charming retreat for guests, parents in their golden years, or rental income (short term, or long term). The second 1-bedroom unit is located street side, offering even more flexibility for extended family, tenants, or owner-occupant income potential. Whether you envision a waterfront primary residence with income-producing units, a multi-generational coastal compound, or a smart investment property in a highly desirable location, this S Lagoon property delivers rare versatility, updated design, peace of mind of a renovation, and the boating lifestyle Florida is made of.

6722 S Lagoon Drive, Panama City

Listing courtesy of Beachy Beach Real Estate.

$1,575,000

790023 MLS

Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, approximately 1,677 square feet, and an attached 1-car garage, creating an ideal setup for stable long-term rental demand and strong occupancy potential. These thoughtfully designed units showcase upscale finishes throughout, including oversized open-concept living spaces, luxury vinyl plank flooring, recessed lighting, modern fixtures, and beautifully appointed kitchens with custom cabinetry, stainless steel appliances, oversized islands, and warm butcher block countertops. The bathrooms offer a high-end contemporary feel with custom vanities, designer lighting, vessel sinks, designer mirrors, and stunning tiled walk-in showers with frameless glass enclosures. Built with today's renter in mind, each residence offers spacious layouts, modern coastal-inspired exteriors, private garage parking, and stylish, durable finishes designed for long-term appeal and minimal upkeep. The property also features ample parking, attractive curb appeal, and a clean, modern aesthetic that sets it apart from typical multifamily offerings. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this fully leased, turnkey development offers a rare opportunity to own a brand-new income-producing property with immediate cash flow and modern construction advantages.

5333-5345 Cherry Street, Panama City

Listing courtesy of Coldwell Banker Realty.

$724,000

15 Beds ⋅ 9 Baths ⋅ 789830 MLS

SELLER OFFERING $25,000 TOWARD BUYER CLOSING COSTS, PREPAIDS, OR RATE BUYDOWN! Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rents for $1,000/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

119 College Avenue, Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

$1,300,000

12 Beds ⋅ 12 Baths ⋅ 789738 MLS

Beautiful complex of 6 apartments built in 2024. 2 bedrooms and 2 bathrooms for each apartment, Excellent acquisition, modern and in a good area, close to hospitals, restaurants, schools, shops, beaches and more.

528 Kraft Avenue Unit A,B,C,D,E,F., Panama City

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$574,999

3 Beds ⋅ 3 Baths ⋅ 789582 MLS

Great MOVE IN READY Town Home Enjoy the Watersound Origins country club benefits without the country club price tag - 3 bed 2.5 bath Never Rented - and only one with a Screened in porch with a press of a button! Tastefully Decorated (furnishings negotiable) Villas on the Fairway, Desirable GOLF COURSE Unit, 2 story, 1-car garage, all just moments from the vibrant Watersound Town Center with shopping, dining, green spaces, and community events right at your fingertips. Inside, the open-concept floor plan features stylish LVP flooring throughout the main living areas and a spacious island kitchen complete with Quartz countertops, sleek appliances, and plenty of room for gathering and entertaining. Elegant furnishings may be negotiated with an acceptable offer, creating an easy turnkey opportunity for a full-time residence, second home, or investment property. One of the home's standout features is the recently upgraded screened-in porch, featuring a permanently enclosed side panel and a remote-controlled center screen for seamless indoor-outdoor living. It's the perfect space for morning coffee, evening cocktails, or year-round enjoyment while overlooking peaceful fairway and green views. Additional upgrades include custom closet shelving systems throughout the home for exceptional storage and organization. Upstairs, the spacious owner's suite is complemented by two additional guest bedrooms and beautifully finished full baths, offering comfort and flexibility for family and visitors alike. Watersound Origins continues to be one of South Walton's most desirable communities thanks to its unmatched amenities and prime location. Residents enjoy access to the Village Commons pool and fitness center, tennis and pickleball courts, miles of walking and biking trails, dock access to Lake Powell, unlimited golf, and abundant green space throughout the neighborhood. The nearby Watersound Town Center adds even more convenience with Publix, restaurants, healthcare services, and everyday essentials just outside the community entrance.

45 Golden Bell Court Unit 45C, Panama City Beach

Listing courtesy of Corcoran Reverie.

$799,000

8 Beds ⋅ 12 Baths ⋅ 789241 MLS

Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City

Listing courtesy of JC Real Estate Group, LLC..

$450,000

6 Beds ⋅ 4 Baths ⋅ 789006 MLS

Beautiful Newly b built duplex, ready to make it your main or home between families or to turn it into your acquisition for rents. Each duplex has 3 bedrooms and 2 bathrooms, modern kitchen, beautiful bathrooms, a large back yard. Near mall, near 23ST WHERE SCHOOLS, SUPERMARKETS AND DEPARTMENT STORES ARE LOCATED. Just 20 minutes from the best beaches in this area. Don't miss this opportunity.

2826 La Mesa Avenue Unit 2826/ 2828, Panama City

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$520,500

557473 MLS

CHAIN LINK & WOOD 1,2,3,4 HAVE BEEN RENOVATED RECENTLY , PAINT, LIGHT FIXTURES AND FANS. UNIT 5 IS IN GOOD SHAPE BUT NOT RENOVATED; LONG TIME TENANT IN IT. UNIT 6 JUST RECENTLY RENOVATED. UNIT 1 HAS ALL TILE DOWN STAIRS AND CARPET AND TILE UPSTAIRS, 2-5 HAS CARPET AND LINOLEUM, & 6 HAS FLOATING WOOD FLOOR AND TILE DOWN STAIRS, CARPET AND TILE UPSTAIRS. STORAGE IN BACK OF UNIT, #5 HAS RECENTLY INSTALLED INSIDE/OUTSIDE AC, RECENTLY INSTALLED OUTSIDE AC UNIT ON #1-5. ALL OCCUPIED,

210 APACHE Drive, Enterprise

Listing courtesy of COLDWELL BANKER PRESTIGE HOMES AND REAL ESTATE.

$319,999

4 Beds ⋅ 2 Baths ⋅ 788776 MLS

Put your money to work for you with this fully rented income producing duplex! This property is currently producing revenue, and has just had a fresh facelift! Improvements include brand new wood railings around the front porch, fresh 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. The current renters are long term reliable tenants (if intending to switch to short term rental, please verify eligibility with Bay County), and the property has lots of features that make it especially appealing to renters with children. The duplex is located in a very safe neighborhood, 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. The public high school district is A. Crawford Mosley High School. This top ranked public high school is only 2 miles away. The duplex not only offers tenants easy access to public schools, but also highly regarded public charter schools. Bay Haven Charter Academy is only a mile away, and North Bay Haven Charter Academy is 3.5 miles away. Both schools have been designated ''Schools of Excellence'' by the Florida Department of Education. 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.

$349,900

7 Beds ⋅ 7 Baths ⋅ 212505 MLS

Charming old home on South St Andrews. 6 UNITS. 2 units are in a stand alone home next to the MAIN house. MAXIMUM rent made was $3400. It could be WAY more. This is a great opportunity for an investor. It's a perfect place for an AIRBNB. METAL ROOF > BEAUTIFUL wood flooring. Lots of crown molding. Owner is retiring so now all units are vacant. 7 HVAC units. All apartments have separate utility accounts. AGE OF ROOF is approx 5 years old. ALL appliances remain.

732 S St, Dothan

Listing courtesy of Keller Williams Southeast Alabama.

$496,000

6 Beds ⋅ 4 Baths ⋅ 787848 MLS

Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

803 Oak Avenue, Panama City

Listing courtesy of Local Insight Realty.

$685,000

4 Beds ⋅ 2 Baths ⋅ 787831 MLS

Investment opportunity in the desirable Gulf Vista community on the west end of Panama City Beach! This fully occupied duplex offers immediate rental income and exceptional future potential. Situated on a large lot with room to expand, add additional improvements, or create enhanced outdoor living spaces, this property offers flexibility that goes beyond a typical duplex investment. Ideal for an owner-occupant looking to offset expenses by living in one unit while generating income from the other, this property presents a rare opportunity in a highly sought-after coastal location. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded beach experience that is increasingly hard to find. BOTH UNITS NOW FEATURE FRESH INTERIOR PAINT AND BRAND NEW CARPET. Each unit features a functional two-bedroom, one-bath layout with numerous updates over the years, including new windows in 2018 and renovations completed in 2021. Unit 21106 received a new water heater in 2025. In 2026, Unit 21104 was further improved with an updated bathroom, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. Positioned on the west end of Panama City Beach, this property offers convenient access to the dining, shopping, and charm of Scenic Highway 30A while remaining just a short drive to Pier Park to the east--truly offering the best of both lifestyles.

21104 S Lakeview Drive, Panama City Beach

Listing courtesy of The Premier Property Group.

$554,900

6 Beds ⋅ 3 Baths ⋅ 787586 MLS

Great investment opportunity in the desirable South Lagoon area! This well-located triplex offers the ideal combination of coastal living and steady income potential, just a short stroll from the sugar-white sands and nearby boat ramps. Conveniently situated near Grand Lagoon and St. Andrews State Park, with easy access to charter fishing, marinas, and popular local dining, this property is perfectly positioned to attract both long-term tenants and future vacation renters. Each of the three units features 2 bedrooms and 1 bathroom, with bright, open-concept layouts that provide comfortable and functional living spaces. The property is currently fully occupied with long-term leases in place, offering immediate and reliable rental income from day one. Whether you're looking to expand your portfolio, secure a coastal investment, or explore future short-term rental potential, this South Lagoon triplex delivers strong upside in a highly sought-after location. ALL SIZES AND MEASUREMENTS ARE APPROXIMATE. IF IMPORTANT, PLEASE VERIFY. Photos of interior are of Unit C.

6218 Hilltop Avenue Unit A,B,C, Panama City

Listing courtesy of Solis Real Estate of Florida.

$175,000

212427 MLS

Over 3.33 acres with existing mobile homes. Perfect for investors, expansion, or personal use. Property offers flexibility and opportunity in a convenient size.

1251 Davis Mill Rd, Slocomb

Listing courtesy of ERA Porch Light Properties, LLC.

$175,000

212426 MLS

Over 7.28 acres of land with existing mobile homes. Whether you're looking to invest, develop, or create your own space, this property offers plenty of potential and room to grow.

680 Pine Acres, Newton Al, Newton

Listing courtesy of ERA Porch Light Properties, LLC.

$650,000

787447 MLS

Prime Commercial Property Near Downtown - 10 Bedrooms, 8 Baths, Over 3,000 Sq. Ft. Exceptional opportunity to own or invest in a spacious commercial building offering over 3,000 square feet on a 0.27-acre lot, ideally located just minutes from Downtown, major shopping centers, and the hospital. This versatile property features 10 bedrooms and 8 baths, ready to adapt to a variety of commercial or mixed-use purposes. The layout allows for private offices, client suites, or guest accommodations, complemented by generous common areas and potential on-site parking. The building's solid structure and flexible floorplan make it an excellent fit for professional offices, medical or wellness practices, boutique lodging, or assisted living. With its high-visibility location, convenient access, and ample surrounding amenities, this property offers the perfect balance of functionality and growth potential. Highlights: 3,000+ sq. ft. commercial building 10 bedrooms / 8 bathrooms 0.27-acre lot with expansion or parking potential Minutes from Downtown, hospital, and shopping Ideal for office, medical, hospitality, or mixed-use Don't miss this rare opportunity to establish your business in one of the area's most convenient and thriving locations. Listing is for Both Properties 722 Martin Luther King & 722 1/2 MLK

722 N Martin Luther King Junior Boulevard, Panama City

Listing courtesy of Keller Williams Success Realty.

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