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    818 4Th St Fort Walton Beach, FL 32547

    For Sale
    $586,405

    MULTI_FAMILY - Other - Fort Walton Beach, FL

    Property size:
    2,750 SF
    Lot size:
    0.47 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 818 4Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    County, Resid Multi-Famil
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Dining Room, Bedroom 8, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    26-1S-24-0950-0003-0050
    Interior features
    Washer/Dryer Hookup
    Appliances
    Oven Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Gas, Water Heater - Elect
    Size
    2,750 SF
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Central Air

    Building Details

    Year built
    1982
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    Coldwell Banker Realty (850) 501-1545 [email protected]

    Listing agent Tamela Leann Hayes (850) 259-6404 License #3085266

    Listing date Oct 27, 2025

    Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Multi-Family Investment

    This is an exceptional investment opportunity featuring fully-occupied multi-family properties. Located in the county, this investment offers valuable tax advantages and added flexibility for future development or management. The property consists of two parcels with a total of four single-story duplexes, comprising eight individual units. Seven units are two-bedroom, one-bath apartments with a combined kitchen and living area, covered back patios, and washer/dryer hookups. All units have individual central heat and air. The property includes a concrete driveway with individual parking pads, enhanced by streetlamp lighting. One premium unit includes 3 bedrooms, 3 bathrooms, a garage, and a large-screened porch. Additionally, there is an onsite storage/utility shed. The property is fully-occupied, ensuring immediate cash flow. It is conveniently located just 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, with shopping and dining nearby. The property has multi-family zoning and is located in an unincorporated tax district. The total lot size is 0.47 acres, and the property size is 2750 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.628294
    Latitude
    30.465609

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    FAQs

    What type of property is this?
    Duplex - Income-producing multi-family property with development potential near Eglin AFB.
    Where is this duplex located?
    The property is located at 818 4Th St Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $586,405.
    What are key features of this property?
    This property features: - Fully-occupied multi-family property ensures immediate cash flow.; - Prime location: 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, near shopping and dining.; - Seller will consider owner financing with attractive terms: $500,000 down, 30-year amortization with a balloon payment in 3 years.
    (850) 259-6404
    Request Owner's contact information
    818 4Th St Fort Walton Beach, FL 32547
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    Fort Walton Beach, FL 32547
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    818 4Th St Fort Walton Beach, FL 32547
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