Four-Unit Two-Bedroom
108 Don Bishop Road Santa Rosa Beach, FL 32459
For Sale
$949,999
MULTI_FAMILY - Other - Santa Rosa Beach, FL
Property Size4,604 SF
Price / SF$206.34
Days on Market279
Property Features for 108 Don Bishop Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Multi-Family
Bedrooms
8
Bathrooms
8
Rooms
Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 7, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 8, Bathroom 6, Bedroom 1, Bedroom 7, Master Bedroom, Bedroom 3
Exterior features
Balcony
Standard status
Active
APN
28-2S-20-33500-000-0130
Size
4,604 SF
Taxes and HOA fees
Tax Description
Lot 13 Santa Rosa Place Apartments PB 15-36 OR 2495-1628 OR 2632-3226 OR 3083-1041
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
2004
Floors in Building
2
Building materials
Siding Wood
Architectural style
Other
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steve Koleno · License #BK3469487
(804) 656-5007
Added: Oct 22, 2025
Changed: Jul 24
Last Checked: Jul 27 at 6:06PM
MLS# 988093
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This four-unit quadplex features four separate 2-bedroom, 2-bath residences. The property was newly painted as of November 9, 2025. The current operating profile includes long-term tenants, with consistent unit configuration across all four homes.
The property is located at 108 Don Bishop Road in Santa Rosa Beach, Florida, in Walton County. The listing is identified under residential multi-family zoning, supporting its use as a multifamily residential income property.
For buyers seeking a small, manageable multi-family hold, this quadplex offers a straightforward layout with identical unit types and the benefit of existing long-term tenancy. It may also appeal to owner-operators or investors looking for an income-generating residential asset where interior updates were recently completed.
The property is located at 108 Don Bishop Road in Santa Rosa Beach, Florida, in Walton County. The listing is identified under residential multi-family zoning, supporting its use as a multifamily residential income property.
For buyers seeking a small, manageable multi-family hold, this quadplex offers a straightforward layout with identical unit types and the benefit of existing long-term tenancy. It may also appeal to owner-operators or investors looking for an income-generating residential asset where interior updates were recently completed.
Key Highlights
- Four 2‑bedroom/2‑bath units (Units 1–4) with long‑term tenants
- Reported rent: $7,015/month
- Newly painted (as of November 9, 2025)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.9k | $20.40 |
| − Vacancy | −$14.4k | −$3.12 |
| EGI | $79.6k | $17.28 |
| − OpEx | −$23.9k | −$5.18 |
| NOI | $55.7k | $12.10 |
4,604 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$795.6K
$696.2K – $928.2K
NOI $55,693 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$728.4K
$637.4K – $849.8K
NOI $50,988 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,049 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 2-bath units with long-term tenants, recently painted interior, offering steady residential income potential.
Where is this quadplex located?
The property is located at 108 Don Bishop Road Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Four 2‑bedroom/2‑bath units (Units 1–4) with long‑term tenants; Reported rent: $7,015/month; Newly painted (as of November 9, 2025)
