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    Mary Esther, FL Shalimar, FL Destin, FL Miramar Beach, FL Valparaiso, FL Niceville, FL Navarre, FL Navarre Beach, FL
    Single-Story Duplex Portfolio
    Updated: May 14, 2025
    Single-Story Duplex Portfolio

    816 Lark Street, Fort Walton Beach, FL 32547

    $695,000
    3,322 sqft 0.43 AC lot
    Two‑parcel multifamily portfolio at 816 & 818 Lark St (see MLS #976434) with four single‑story duplexes totaling 8 rental units
    Current gross rental income is approximately $9,130 per month and the portfolio is described as fully occupied
    Seven units feature 2 bedrooms, 1 bathroom, open kitchen/living areas, covered back patios, washer/dryer hookups, and individual central heat/air systems
    Unit 8 at 816 Lark includes 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, attached 1‑car garage, and a large screened porch
    Property includes private irrigation well for future landscaping, dedicated parking, and concrete driveways
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    This listing looks promising.

    Here's a quick look at some key insights for

    816 Lark Street, Fort Walton Beach, FL 32547

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    • Est. Cap Rate

      5%
      NOI ÷ price

    • Est. NOI

      $34K
      Annual

    • Price @ 7% Cap

      $491K
      Suggested

    • Property Type

      Duplex
      Built 1982
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    New Multifamily Investment Opportunity
    Updated: Dec 29, 2025
    New Multifamily Investment Opportunity

    960 NW Denton Boulevard, Fort Walton Beach, FL 32547

    $2,510,000
    1,055 sqft
    Ten newly constructed (2025) turn‑key apartments offer immediate rental income.
    All units are tenant‑occupied with one‑year leases in place.
    Located in a strong rental market on the Emerald Coast.
    Each unit features 2 bedrooms and 2 bathrooms with approximately 1,055 sq ft of living space.
    Modern kitchens include white shaker cabinets, granite countertops, stainless appliances, and a large peninsula.
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    Income-Producing Six-Plex with Updates
    Income-Producing Six-Plex with Updates

    22 Bobolink St NE, Fort Walton Beach, FL 32548

    $880,000
    2,816 sqft

    Six-plex with long-term tenants and recent updates.

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    Multifamily Property in Fort Walton
    Multifamily Property in Fort Walton

    14 NW Cape Drive #A-J, Fort Walton Beach, FL 32548

    $1,075,000
    0.32 AC lot

    Ten-unit multifamily property with strong income stream near Gulf Coast.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Waterfront Residence on Okaloosa Island
    Waterfront Residence on Okaloosa Island

    480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

    $35,000,000
    68,389 sqft 1.57 AC lot

    Exquisite waterfront residence with updated units and Gulf views.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 5 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Beachfront Condo with Gulf Views
    Beachfront Condo with Gulf Views

    Gulf Breeze, FL 32561

    $739,000
    1,372 sqft

    Three-bedroom condo with private balcony, resort-style amenities, and garage parking.

    View details
    Furnished Condo with Gulf Views
    Furnished Condo with Gulf Views

    Gulf Breeze, FL 32561

    $735,000
    12.00 AC lot

    Furnished 2-bedroom condo in Portofino Island Resort with income potential.

    View details
    Multifamily Income Property
    Multifamily Income Property

    543 Harbor Boulevard Unit 303, Destin, FL 32541

    $499,777

    Residential income offering with seller financing options, including structured down payment terms and interest rate selections.

    View details
    Harbor Village Mixed-Use Building
    Harbor Village Mixed-Use Building

    220 Harbor Blvd, Destin, FL 32541

    $4,500,000
    21,120 sqft 1.00 AC lot

    Renovated mixed-use building with retail and residential units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Waterfront Lot in Treasure Island
    Waterfront Lot in Treasure Island

    141 104TH AVENUE, Treasure Island, FL 33706

    $2,225,000
    0.34 AC lot

    Waterfront lot zoned for multifamily residential use in Treasure Island.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Fort Walton Beach, FL

    Consider similar Off-Market properties in Fort Walton Beach, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    157 Monahan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    157 Monahan Dr, Fort Walton Beach, FL 32547-3762

    Value Estimation by Request
    3,205 sqft 0.38 AC lot
    View details
    315 Racetrack NW Rd
    HIGH-RISE APARTMENTS

    315 Racetrack NW Rd, Fort Walton Beach, FL 32547-1539

    $3,475,000
    Estimated value
    36,072 sqft 4.30 AC lot
    View details

    Fort Walton Beach, FL Apartment Buildings Market Trends and Statistics

    Explore 7 apartment buildings for sale in Fort Walton Beach, FL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 75,582 square feet of properties for sale, with an estimated market value of $39,085,000.

    Sale prices for two-family homes in Fort Walton Beach, FL start at $695,000, averaging $9,771,250, and reaching up to $35,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 59K
    Population Growth (5Y) +7.7%
    Median Household Income $66,255
    College Educated 25.9%

    High-Yield Neighborhoods for Investment

    Identify Fort Walton Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32547 $2.5M
    32548 $12.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.28%
    Property Tax per SF $17.48 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Okaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Okaloosa County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Fort Walton Beach fall within the 50,000 to 100,000 square foot range.

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