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 56 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
3742 E 9th St Panama City, FL 1 townhome for super low price of $129,000. Prepare to be absolutely amazed. Money making ...	2 beds \| 1 baths \| 936 sq.ft.	$167,900	Airbnb cash on cash: 7.82% Traditional cash on cash: 5.76% Airbnb Rental Income: $2121 Traditional Rental Income: $1249 Airbnb ROI: 7.82% Traditional ROI: 5.76%
306 Penny Court Panama City, FL Beautiful Waterfront Townhome. The builder has been a licensed Florida Commercial and Resi...	4 beds \| 5 baths \| N/A	$665,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 3.14% Airbnb Rental Income: $3160 Traditional Rental Income: $2952 Airbnb ROI: 2.32% Traditional ROI: 3.14%
2026 Baker Court unit: 13 #13 Panama City, FL Charming 3-Bed, 2-Bath Home in Historic St. Andrews - Steps from the Bay! Located just one...	3 beds \| 2 baths \| N/A	$288,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 4.28% Airbnb Rental Income: $2840 Traditional Rental Income: $1939 Airbnb ROI: 5.16% Traditional ROI: 4.28%
4900 E 4th St #A Panama City, FL BOATERS PARADISE. This beautiful property is the ideal boater's hideaway. There is a 16'x...	1 beds \| 1 baths \| 771 sq.ft.	$245,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 0.26% Airbnb Rental Income: $1799 Traditional Rental Income: $1005 Airbnb ROI: 1.57% Traditional ROI: 0.26%
5116 Blue Harbor Drive Panama City, FL Waterfront Living at Its Finest! This stunning end-unit townhome offers the perfect blend ...	3 beds \| 3 baths \| N/A	$515,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.97% Airbnb Rental Income: $2840 Traditional Rental Income: $3152 Airbnb ROI: 1.95% Traditional ROI: 3.97%
926 Pitts Ave Panama City, FL East Bay waterfront townhome with DIRECT ACCESS TO THE GULF! Three story townhome with one...	3 beds \| 3 baths \| 1,369 sq.ft.	$390,000	Airbnb cash on cash: 4.13% Traditional cash on cash: 7.98% Airbnb Rental Income: $2840 Traditional Rental Income: $3586 Airbnb ROI: 4.13% Traditional ROI: 7.98%
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: 3.27% Traditional cash on cash: 7.92% Airbnb Rental Income: $4090 Traditional Rental Income: $6040 Airbnb ROI: 3.27% Traditional ROI: 7.92%
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: 7.44% Traditional cash on cash: 5.09% Airbnb Rental Income: $2121 Traditional Rental Income: $1175 Airbnb ROI: 7.44% Traditional ROI: 5.09%
312 Sukoshi Dr Panama City, FL Rare opportunity alert! Seize the chance to own a move-in ready townhome nestled on the se...	3 beds \| 2 baths \| 1,549 sq.ft.	$279,900	Airbnb cash on cash: 5.36% Traditional cash on cash: 7.08% Airbnb Rental Income: $2840 Traditional Rental Income: $2633 Airbnb ROI: 5.36% Traditional ROI: 7.08%
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 \| N/A	$169,000	Airbnb cash on cash: 7.79% Traditional cash on cash: 6.63% Airbnb Rental Income: $2121 Traditional Rental Income: $1392 Airbnb ROI: 7.79% Traditional ROI: 6.63%
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.	$229,000	Airbnb cash on cash: 7.4% Traditional cash on cash: 6.85% Airbnb Rental Income: $2840 Traditional Rental Income: $2058 Airbnb ROI: 7.4% Traditional ROI: 6.85%
5900 Callaway Circle Panama City, FL This spacious two-story end-unit townhome is the perfect opportunity for military members,...	3 beds \| 3 baths \| N/A	$215,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 5.75% Airbnb Rental Income: $2840 Traditional Rental Income: $2054 Airbnb ROI: 6.36% Traditional ROI: 5.75%
5345 Cherry Street Panama City, FL Luxury Townhomes Near Tyndall AFB - No HOA, No Restrictions!Step into refined living with ...	3 beds \| 2 baths \| 1,845 sq.ft.	$325,000	Airbnb cash on cash: 5.74% Traditional cash on cash: 5.69% Airbnb Rental Income: $2840 Traditional Rental Income: $2161 Airbnb ROI: 5.74% Traditional ROI: 5.69%
5108 Blue Harbor Drive Panama City, FL Welcome to Paradice, where you can enjoy beautiful sunsets over Pitts Bayou. This home off...	3 beds \| 3 baths \| N/A	$499,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 4% Airbnb Rental Income: $2840 Traditional Rental Income: $3161 Airbnb ROI: 1.89% Traditional ROI: 4%
6061 E Highway 98 Panama City, FL Welcome to year-round resort living in the charming waterfront community of Sunbay! This a...	3 beds \| 3 baths \| 1,293 sq.ft.	$240,000	Airbnb cash on cash: 6.88% Traditional cash on cash: 5.46% Airbnb Rental Income: $2840 Traditional Rental Income: $1856 Airbnb ROI: 6.88% Traditional ROI: 5.46%
6067 E Highway 98 Panama City, FL Welcome to year-round resort living in the charming waterfront community of Sunbay! This a...	3 beds \| 3 baths \| N/A	$345,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 6.44% Airbnb Rental Income: $2840 Traditional Rental Income: $2686 Airbnb ROI: 4.87% Traditional ROI: 6.44%
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: 9.15% Traditional cash on cash: 5.53% Airbnb Rental Income: $2840 Traditional Rental Income: $1493 Airbnb ROI: 9.15% 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: 6.02% Traditional cash on cash: 4.5% Airbnb Rental Income: $2840 Traditional Rental Income: $1776 Airbnb ROI: 6.02% Traditional ROI: 4.5%
5872 Tyndall Pl Panama City, FL 5872 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 2 baths \| 1,554 sq.ft.	$249,850	Airbnb cash on cash: 6.95% Traditional cash on cash: 5.25% Airbnb Rental Income: $2840 Traditional Rental Income: $1776 Airbnb ROI: 6.95% Traditional ROI: 5.25%
5870 Tyndall Pl Panama City, FL 5870 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 3 baths \| 1,446 sq.ft.	$238,476	Airbnb cash on cash: 7.36% Traditional cash on cash: 5.36% Airbnb Rental Income: $2840 Traditional Rental Income: $1726 Airbnb ROI: 7.36% Traditional ROI: 5.36%
5880 Tyndall Pl Panama City, FL 5880 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 3 baths \| 1,446 sq.ft.	$238,476	Airbnb cash on cash: 7.36% Traditional cash on cash: 5.36% Airbnb Rental Income: $2840 Traditional Rental Income: $1726 Airbnb ROI: 7.36% Traditional ROI: 5.36%
5874 Tyndall Pl Panama City, FL 5874 Tyndall Pl, Panama City, FL 32404 \| Townhouse	3 beds \| 2 baths \| 1,554 sq.ft.	$249,850	Airbnb cash on cash: 6.95% Traditional cash on cash: 5.25% Airbnb Rental Income: $2840 Traditional Rental Income: $1776 Airbnb ROI: 6.95% Traditional ROI: 5.25%
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: 6.35% Traditional cash on cash: 4.11% Airbnb Rental Income: $2121 Traditional Rental Income: $1175 Airbnb ROI: 6.35% Traditional ROI: 4.11%
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: 7.53% Traditional cash on cash: 6% Airbnb Rental Income: $2121 Traditional Rental Income: $1337 Airbnb ROI: 7.53% Traditional ROI: 6%
1824 Mallard Drive unit: B #B Panama City, FL Seller is offering to help with buyers Closing cost. Welcome to 1824 Mallard Dr, Unit B, a...	3 beds \| 3 baths \| N/A	$289,900	Airbnb cash on cash: 6.1% Traditional cash on cash: 7.98% Airbnb Rental Income: $2840 Traditional Rental Income: $2692 Airbnb ROI: 6.1% Traditional ROI: 7.98%
1840 E Mallard Drive unit: C #C Panama City, FL Waterfront Townhouse - 3 Bed \| 3 Bath \| Fully Remodeled Experience coastal living at its f...	3 beds \| 3 baths \| 1,704 sq.ft.	$199,100	Airbnb cash on cash: 9% Traditional cash on cash: 9.33% Airbnb Rental Income: $2840 Traditional Rental Income: $2241 Airbnb ROI: 9% Traditional ROI: 9.33%
5106 Blue Harbor Drive Panama City, FL Gorgeous waterfront townhome with boat lift and brand-new jet ski lift! Don't miss this be...	3 beds \| 3 baths \| N/A	$545,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 3.04% Airbnb Rental Income: $2840 Traditional Rental Income: $2826 Airbnb ROI: 1.77% Traditional ROI: 3.04%
2501 High Avenue Panama City, FL step inside this coastal gem-no HOA, no fees, and short-term rentals are allowed! Just a s...	4 beds \| 3 baths \| N/A	$585,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 2.86% Airbnb Rental Income: $3160 Traditional Rental Income: $2684 Airbnb ROI: 2.42% Traditional ROI: 2.86%
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 \| N/A	$265,000	Airbnb cash on cash: 5.24% Traditional cash on cash: 5.18% Airbnb Rental Income: $2840 Traditional Rental Income: $2164 Airbnb ROI: 5.24% Traditional ROI: 5.18%
1353 Capri Drive Panama City, FL When location is important, you have the best of everything! Expect comfortable driving ti...	3 beds \| 3 baths \| 1,572 sq.ft.	$339,900	Airbnb cash on cash: 4.59% Traditional cash on cash: 4.93% Airbnb Rental Income: $2840 Traditional Rental Income: $2286 Airbnb ROI: 4.59% Traditional ROI: 4.93%
802 Baldwin Rowe Circle Panama City, FL Welcome to this stunning 2-bedroom, 2.5-bath unit in the desirable gated community of Bald...	2 beds \| 3 baths \| N/A	$229,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 6.33% Airbnb Rental Income: $2121 Traditional Rental Income: $1914 Airbnb ROI: 4.78% Traditional ROI: 6.33%
4036 Woodridge Road Panama City, FL This townhouse was completely rebuilt in 2019 from the ground up using only the best mater...	2 beds \| 2 baths \| 1,324 sq.ft.	$240,000	Airbnb cash on cash: 5.23% Traditional cash on cash: 5.56% Airbnb Rental Income: $2121 Traditional Rental Income: $1653 Airbnb ROI: 5.23% Traditional ROI: 5.56%
1025 W 19th Street unit: 2D #2D Panama City, FL This beautifully renovated 3-bedroom, 2-bath attached end unit offers an incredible opport...	3 beds \| 2 baths \| 1,671 sq.ft.	$247,300	Airbnb cash on cash: 6.04% Traditional cash on cash: 5.41% Airbnb Rental Income: $2840 Traditional Rental Income: $2031 Airbnb ROI: 6.04% Traditional ROI: 5.41%
122 Ridgecrest Court Panama City, FL NO HOA...Location Location Location. In the heart of town, easy access to Town, Beach or T...	2 beds \| 2 baths \| 1,332 sq.ft.	$249,900	Airbnb cash on cash: 4.05% Traditional cash on cash: 4.79% Airbnb Rental Income: $2121 Traditional Rental Income: $1753 Airbnb ROI: 4.05% Traditional ROI: 4.79%
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 \| N/A	$350,000	Airbnb cash on cash: 5.25% Traditional cash on cash: 5.24% Airbnb Rental Income: $2840 Traditional Rental Income: $2174 Airbnb ROI: 5.25% Traditional ROI: 5.24%
406 Baldwin Rowe Circle unit: 406 #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 \| N/A	$245,000	Airbnb cash on cash: 6.89% Traditional cash on cash: 7.61% Airbnb Rental Income: $2840 Traditional Rental Income: $2346 Airbnb ROI: 6.89% Traditional ROI: 7.61%
4040 Woodridge Road Panama City, FL This cute home has plenty of room for a growing family! The open floor plan allows for fre...	2 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: 5.15% Traditional cash on cash: 5.68% Airbnb Rental Income: $2121 Traditional Rental Income: $1695 Airbnb ROI: 5.15% Traditional ROI: 5.68%
1311 Capri Drive Panama City, FL Waterfront living with direct Gulf access awaits at 1311 Capri Drive, Panama City, FL. Thi...	3 beds \| 3 baths \| N/A	$575,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 3.54% Airbnb Rental Income: $2840 Traditional Rental Income: $2668 Airbnb ROI: 2.63% Traditional ROI: 3.54%
1762 Jakes Drive Panama City, FL Well-maintained 3 bedroom, 2.5 bath townhouse located in a central Panama City location wi...	3 beds \| 3 baths \| N/A	$265,000	Airbnb cash on cash: 6.06% Traditional cash on cash: 5.15% Airbnb Rental Income: $2840 Traditional Rental Income: $1951 Airbnb ROI: 6.06% Traditional ROI: 5.15%
133 Marin Drive Panama City, FL Rare waterfront opportunity in the sought-after private community surrounding Lake Marin i...	2 beds \| 2 baths \| 1,534 sq.ft.	$298,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 5.61% Airbnb Rental Income: $2121 Traditional Rental Income: $2039 Airbnb ROI: 3.97% Traditional ROI: 5.61%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City, FL

3742 E 9th St

Panama City, FL

2 beds | 1 baths | 936 sq.ft.

$167,900

Airbnb cash on cash: 7.82%

Traditional cash on cash: 5.76%

Airbnb Rental Income: $2121

Traditional Rental Income: $1249

Airbnb ROI: 7.82%

Traditional ROI: 5.76%

306 Penny Court

Panama City, FL

4 beds | 5 baths | N/A

$665,000

Airbnb cash on cash: 2.32%

Traditional cash on cash: 3.14%

Airbnb Rental Income: $3160

Traditional Rental Income: $2952

Airbnb ROI: 2.32%

Traditional ROI: 3.14%

2026 Baker Court unit: 13 #13

Panama City, FL

3 beds | 2 baths | N/A

$288,000

Airbnb cash on cash: 5.16%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $2840

Traditional Rental Income: $1939

Airbnb ROI: 5.16%

Traditional ROI: 4.28%

4900 E 4th St #A

Panama City, FL

1 beds | 1 baths | 771 sq.ft.

$245,000

Airbnb cash on cash: 1.57%

Traditional cash on cash: 0.26%

Airbnb Rental Income: $1799

Traditional Rental Income: $1005

Airbnb ROI: 1.57%

Traditional ROI: 0.26%

5116 Blue Harbor Drive

Panama City, FL

3 beds | 3 baths | N/A

$515,000

Airbnb cash on cash: 1.95%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $2840

Traditional Rental Income: $3152

Airbnb ROI: 1.95%

Traditional ROI: 3.97%

926 Pitts Ave

Panama City, FL

3 beds | 3 baths | 1,369 sq.ft.

$390,000

Airbnb cash on cash: 4.13%

Traditional cash on cash: 7.98%

Airbnb Rental Income: $2840

Traditional Rental Income: $3586

Airbnb ROI: 4.13%

Traditional ROI: 7.98%

141 Cheri Ln

Panama City, FL

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

$650,000

Airbnb cash on cash: 3.27%

Traditional cash on cash: 7.92%

Airbnb Rental Income: $4090

Traditional Rental Income: $6040

Airbnb ROI: 3.27%

Traditional ROI: 7.92%

209 N Kimbrel Ave

Panama City, FL

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

$180,000

Airbnb cash on cash: 7.44%

Traditional cash on cash: 5.09%

Airbnb Rental Income: $2121

Traditional Rental Income: $1175

Airbnb ROI: 7.44%