Real Estate Investment Properties for Sale in Panama City, FL

Looking for investment property in Panama City, FL with high ROI ?

Explore a variety of short-term homes & houses in Panama City, FL. Invest wisely with VRBO & Panama City, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Townhouses for Sale in Panama City, FL

Search for Townhouse for Sale in Panama City, Florida. Browse all of Mashvisor’s Townhouse listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 62 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5014 Hickory St Panama City, FL Great Investment Opportunity! Freshly remodeled, new paint, new floors, new baseboards, ne...	2 beds \| 1 baths \| 1,226 sq.ft.	$179,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 7.07% Airbnb Rental Income: $1188 Traditional Rental Income: $1623 Airbnb ROI: 2.27% Traditional ROI: 7.07%
5116 Blue Harbor Dr Panama City, FL Waterfront Living at Its Finest! This stunning end-unit townhome offers the perfect blend ...	3 beds \| 2 baths \| 2,355 sq.ft.	$480,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.59% Airbnb Rental Income: $1245 Traditional Rental Income: $2821 Airbnb ROI: -0.8% Traditional ROI: 3.59%
601 S Berthe Ave Panama City, FL Waterfront 3 bed, 2.5 bath townhome on Callaway Bayou . This townhome boasts bountiful Bay...	3 beds \| 2 baths \| 1,520 sq.ft.	$290,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 5.07% Airbnb Rental Income: $1245 Traditional Rental Income: $1804 Airbnb ROI: 1.58% Traditional ROI: 5.07%
1211 Capri Drive Panama City, FL Experience waterfront living at this beautifully updated 3-bedroom, 2.5-bath duplex, perfe...	3 beds \| 3 baths \| 1,572 sq.ft.	$374,500	Airbnb cash on cash: 0.07% Traditional cash on cash: 4.5% Airbnb Rental Income: $1245 Traditional Rental Income: $2408 Airbnb ROI: 0.07% Traditional ROI: 4.5%
141 Cheri Ln Panama City, FL Text the word 141CHLN to 850-307-5024 for an instant link with more pictures, information,...	9 beds \| 5 baths \| 4,280 sq.ft.	$650,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 8.03% Airbnb Rental Income: $2271 Traditional Rental Income: $6105 Airbnb ROI: 0.77% Traditional ROI: 8.03%
209 N Kimbrel Ave Panama City, FL MULTIPLE OFFERS. Highest and Best, 7PM 4/18/22. Move in Ready end unit townhome that will ...	2 beds \| 1 baths \| 1,216 sq.ft.	$180,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 8.25% Airbnb Rental Income: $1188 Traditional Rental Income: $1716 Airbnb ROI: 2.9% Traditional ROI: 8.25%
6216 N Lagoon Drive Panama City, FL OPEN HOUSE SATURDAY (4/18) 12-2pm $10k Price Improvement!! Welcome Home! Spacious end ...	3 beds \| 3 baths \| 1,825 sq.ft.	$374,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.97% Airbnb Rental Income: $1245 Traditional Rental Income: $2307 Airbnb ROI: -0.18% Traditional ROI: 3.97%
6223 S Lagoon Drive Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' This spacious, 1,450-square-...	2 beds \| 2 baths \| 1,450 sq.ft.	$299,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.74% Airbnb Rental Income: $1188 Traditional Rental Income: $2004 Airbnb ROI: 0.47% Traditional ROI: 4.74%
5912 Callaway Circle Panama City, FL This 3-bedroom, 2.5-bath townhome with a one-car garage is a prime investment opportunity ...	3 beds \| 3 baths \| 1,519 sq.ft.	$230,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 6.27% Airbnb Rental Income: $1245 Traditional Rental Income: $2017 Airbnb ROI: 0.9% Traditional ROI: 6.27%
5720 Beach Drive Panama City, FL This Beach Townhouse is located in the South Lagoon area, just blocks from the Gulf of Mex...	2 beds \| 3 baths \| 1,158 sq.ft.	$360,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.1% Airbnb Rental Income: $1188 Traditional Rental Income: $2084 Airbnb ROI: 0.3% Traditional ROI: 4.1%
204 Baldwin Rowe Circle Panama City, FL Right in the heart of Panama City, this Baldwin Rowe townhome puts you close to Bay County...	3 beds \| 3 baths \| 1,654 sq.ft.	$265,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.28% Airbnb Rental Income: $1245 Traditional Rental Income: $2189 Airbnb ROI: -0.08% Traditional ROI: 5.28%
7226 Quail Hollow Drive Panama City, FL Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome located in a quiet, pr...	3 beds \| 3 baths \| 1,428 sq.ft.	$269,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 5.44% Airbnb Rental Income: $1245 Traditional Rental Income: $2293 Airbnb ROI: -0.23% Traditional ROI: 5.44%
6336 Omoko Street Panama City, FL Newly Remodeled 2 Bed, 1.5 Bath Townhome! Step into this beautifully renovated townhome lo...	2 beds \| 1 baths \| 882 sq.ft.	$169,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 8.23% Airbnb Rental Income: $1188 Traditional Rental Income: $1650 Airbnb ROI: 2.96% Traditional ROI: 8.23%
222 Callaway Chase Ln Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Perfectly maintained 3-Bedro...	3 beds \| 2 baths \| 1,166 sq.ft.	$227,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 6.43% Airbnb Rental Income: $1245 Traditional Rental Income: $1954 Airbnb ROI: 1.29% Traditional ROI: 6.43%
5108 Blue Harbor Dr Panama City, FL Welcome to Paradice, where you can enjoy beautiful sunsets over Pitts Bayou. This home off...	3 beds \| 3 baths \| 3,244 sq.ft.	$499,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 4.93% Airbnb Rental Income: $1245 Traditional Rental Income: $3596 Airbnb ROI: -0.96% Traditional ROI: 4.93%
8520 N Lagoon Drive Panama City, FL No-HOA Coastal Townhome on North Lagoon Dr. Steps to the Beach + Proven ROI This charming ...	2 beds \| 2 baths \| 1,542 sq.ft.	$270,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.8% Airbnb Rental Income: $1188 Traditional Rental Income: $2082 Airbnb ROI: 0.77% Traditional ROI: 5.8%
149 Marin Drive Panama City, FL LAKE MARIN WATERFRONT TOWNHOUSE!!! These do not come up very often. Don't miss your chance...	3 beds \| 2 baths \| 1,566 sq.ft.	$330,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 6.91% Airbnb Rental Income: $1245 Traditional Rental Income: $2575 Airbnb ROI: 1.34% Traditional ROI: 6.91%
406 Baldwin Rowe Circle #406 Panama City, FL This 3 bedroom 2.5 bath END unit is located in the gated community of Baldwin Rowe. Kitche...	3 beds \| 3 baths \| 1,654 sq.ft.	$240,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 7.06% Airbnb Rental Income: $1245 Traditional Rental Income: $2180 Airbnb ROI: 1.19% Traditional ROI: 7.06%
3704 Burnham Way Panama City, FL Don't miss this single story 3-bedroom, 2-bath attached home. With tile throughout the mai...	3 beds \| 2 baths \| 1,040 sq.ft.	$170,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 10.23% Airbnb Rental Income: $1245 Traditional Rental Income: $1968 Airbnb ROI: 3.32% Traditional ROI: 10.23%
1311 Capri Drive Panama City, FL UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. DEEP WATERFRONT LIVING ...	4 beds \| 3 baths \| 1,939 sq.ft.	$399,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 6.91% Airbnb Rental Income: $1260 Traditional Rental Income: $3192 Airbnb ROI: 0.67% Traditional ROI: 6.91%
115 S Jan Drive Panama City, FL Move-In Ready Half Duplex Close to Tyndall AFB. Welcome home to this beautifully maintaine...	3 beds \| 2 baths \| 1,230 sq.ft.	$199,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 5.53% Airbnb Rental Income: $1245 Traditional Rental Income: $1493 Airbnb ROI: 2.12% Traditional ROI: 5.53%
308 Sukoshi Dr Panama City, FL 308 Sukoshi Dr, Panama City, FL 32404 \| Townhouse	3 beds \| 2 baths \| 1,547 sq.ft.	$279,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 6.86% Airbnb Rental Income: $1245 Traditional Rental Income: $2401 Airbnb ROI: 0.98% Traditional ROI: 6.86%
5880 Tyndall Pl Panama City, FL 5880 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 3 baths \| 1,446 sq.ft.	$234,850	Airbnb cash on cash: 1.52% Traditional cash on cash: 8.3% Airbnb Rental Income: $1245 Traditional Rental Income: $2354 Airbnb ROI: 1.52% Traditional ROI: 8.3%
5010 Hickory St Panama City, FL 5010 Hickory St, Panama City, FL 32404 \| Townhouse	2 beds \| 2 baths \| 1,226 sq.ft.	$189,999	Airbnb cash on cash: 2.04% Traditional cash on cash: 7.47% Airbnb Rental Income: $1188 Traditional Rental Income: $1781 Airbnb ROI: 2.04% Traditional ROI: 7.47%
517 S Highway 22 A Panama City, FL 517 S Highway 22 A, Panama City, FL 32404 \| Townhouse	2 beds \| 1 baths \| 1,226 sq.ft.	$119,500	Airbnb cash on cash: 4.26% Traditional cash on cash: 11.74% Airbnb Rental Income: $1188 Traditional Rental Income: $1663 Airbnb ROI: 4.26% Traditional ROI: 11.74%
519 S Highway 22 A Panama City, FL 519 S Highway 22 A, Panama City, FL 32404 \| Townhouse	2 beds \| 1 baths \| 1,226 sq.ft.	$165,500	Airbnb cash on cash: 2.6% Traditional cash on cash: 8.06% Airbnb Rental Income: $1188 Traditional Rental Income: $1663 Airbnb ROI: 2.6% Traditional ROI: 8.06%
1824 Mallard Drive unit: B Panama City, FL Welcome to 1824 Mallard Dr, Unit B, a well-maintained residence located in a quiet Panama ...	3 beds \| 3 baths \| 1,736 sq.ft.	$239,900	Airbnb cash on cash: 1.68% Traditional cash on cash: 8.42% Airbnb Rental Income: $1245 Traditional Rental Income: $2375 Airbnb ROI: 1.68% Traditional ROI: 8.42%
3902 Solano Road Panama City, FL This spacious 3-bedroom, 2.5-bath townhouse is centrally located and designed for comforta...	3 beds \| 3 baths \| 1,401 sq.ft.	$180,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 9.73% Airbnb Rental Income: $1245 Traditional Rental Income: $2120 Airbnb ROI: 2.31% Traditional ROI: 9.73%
533 S Berthe Avenue Panama City, FL Don't miss this rare opportunity to own a waterfront townhome with direct bay access at th...	3 beds \| 3 baths \| 1,280 sq.ft.	$225,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 8.99% Airbnb Rental Income: $1245 Traditional Rental Income: $2322 Airbnb ROI: 2.07% Traditional ROI: 8.99%
5862 Tyndall Pl Panama City, FL 5862 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 3 baths \| 1,320 sq.ft.	$233,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 5.94% Airbnb Rental Income: $1245 Traditional Rental Income: $1817 Airbnb ROI: 1.55% Traditional ROI: 5.94%
6718 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.14% Airbnb Rental Income: $1245 Traditional Rental Income: $2389 Airbnb ROI: 1.75% Traditional ROI: 9.14%
6716 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.14% Airbnb Rental Income: $1245 Traditional Rental Income: $2389 Airbnb ROI: 1.75% Traditional ROI: 9.14%
6714 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.14% Airbnb Rental Income: $1245 Traditional Rental Income: $2389 Airbnb ROI: 1.75% Traditional ROI: 9.14%
6712 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 9.35% Airbnb Rental Income: $1245 Traditional Rental Income: $2400 Airbnb ROI: 1.9% Traditional ROI: 9.35%
6724 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.2% Airbnb Rental Income: $1245 Traditional Rental Income: $2400 Airbnb ROI: 1.75% Traditional ROI: 9.2%
6726 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.2% Airbnb Rental Income: $1245 Traditional Rental Income: $2400 Airbnb ROI: 1.75% Traditional ROI: 9.2%
6728 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.2% Airbnb Rental Income: $1245 Traditional Rental Income: $2400 Airbnb ROI: 1.75% Traditional ROI: 9.2%
6722 Cherry Street Panama City, FL New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-stor...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 9.14% Airbnb Rental Income: $1245 Traditional Rental Income: $2389 Airbnb ROI: 1.75% Traditional ROI: 9.14%
522 Arrow Street Panama City, FL Introducing 522 Arrow St Panama City FL.... This 2 bedroom, 1 bath town home is convenient...	2 beds \| 1 baths \| 1,006 sq.ft.	$175,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 8.1% Airbnb Rental Income: $1188 Traditional Rental Income: $1757 Airbnb ROI: 2.37% Traditional ROI: 8.1%
5876 Tyndall Pl Panama City, FL 5876 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 2 baths \| 1,554 sq.ft.	$239,850	Airbnb cash on cash: 1.45% Traditional cash on cash: 6.09% Airbnb Rental Income: $1245 Traditional Rental Income: $1900 Airbnb ROI: 1.45% Traditional ROI: 6.09%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City, FL

5014 Hickory St

Panama City, FL

2 beds | 1 baths | 1,226 sq.ft.

$179,900

Airbnb cash on cash: 2.27%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $1188

Traditional Rental Income: $1623

Airbnb ROI: 2.27%

Traditional ROI: 7.07%

5116 Blue Harbor Dr

Panama City, FL

3 beds | 2 baths | 2,355 sq.ft.

$480,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $1245

Traditional Rental Income: $2821

Airbnb ROI: -0.8%

Traditional ROI: 3.59%

601 S Berthe Ave

Panama City, FL

3 beds | 2 baths | 1,520 sq.ft.

$290,000

Airbnb cash on cash: 1.58%

Traditional cash on cash: 5.07%

Airbnb Rental Income: $1245

Traditional Rental Income: $1804

Airbnb ROI: 1.58%

Traditional ROI: 5.07%

1211 Capri Drive

Panama City, FL

3 beds | 3 baths | 1,572 sq.ft.

$374,500

Airbnb cash on cash: 0.07%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $1245

Traditional Rental Income: $2408

Airbnb ROI: 0.07%

Traditional ROI: 4.5%

141 Cheri Ln

Panama City, FL

9 beds | 5 baths | 4,280 sq.ft.

$650,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 8.03%

Airbnb Rental Income: $2271

Traditional Rental Income: $6105

Airbnb ROI: 0.77%

Traditional ROI: 8.03%

209 N Kimbrel Ave

Panama City, FL

2 beds | 1 baths | 1,216 sq.ft.

$180,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 8.25%

Airbnb Rental Income: $1188

Traditional Rental Income: $1716

Airbnb ROI: 2.9%

Traditional ROI: 8.25%

6216 N Lagoon Drive

Panama City, FL

3 beds | 3 baths | 1,825 sq.ft.

$374,900

Airbnb cash on cash: -0.18%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $1245

Traditional Rental Income: $2307

Airbnb ROI: -0.18%

Traditional ROI: 3.97%

6223 S Lagoon Drive

Panama City, FL

2 beds | 2 baths | 1,450 sq.ft.

$299,000

Airbnb cash on cash: 0.47%

Traditional cash on cash: 4.74%

Airbnb Rental Income: $1188

Traditional Rental Income: $2004

Airbnb ROI: 0.47%