Four-Plex in Prime
125 Beal Parkway Fort Walton Beach, FL 32548
For Sale
$397,000
MULTI_FAMILY - Other - Fort Walton Beach, FL
Property Size2,550 SF
Lot Size0.16 Acres
Price / SF$155.69
Days on Market323
Property Features for 125 Beal Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial, Resid Multi-F
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bonus Room, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3
Patio and Porch features
Porch
Exterior features
Fenced Back Yard
Fencing
Back Yard
Appliances
Refrigerator, Stove/Oven Electric, Water Heater - Elect
Standard status
Active
APN
13-2S-24-1050-000K-0080
Size
2,550 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Gibson Add Lots 8 & 9 Ex S 50 Ft Of Lot 9 Blk K
Tax Annual Amount
2889
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1951
Floors in Building
2
Building materials
Brick
Architectural style
Other
Listing Agency:
World Impact Real Estate
(850) 225-7000
Listed By:
MY850 Elkins
(850) 998-8500
Added: Sep 11, 2025
Changed: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 985178
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 property features a four-plex with approximately 2,550 square feet. Each of the four units includes one bedroom, one bathroom, a living room, and a bonus room that could function as a second bedroom or office. Situated on Beal Parkway, the property is located minutes from downtown Fort Walton Beach. Zoned commercial, the property offers flexibility for future use. The property requires a full renovation, presenting an opportunity for a buyer. The property can also be purchased as a land only sale.
Key Highlights
- Four individual units totaling approximately 2,550 SF, each with 1 bedroom, 1 bathroom, living room, and a bonus room
- Four‑plex built in 1951 with brick construction and a porch
- Window and wall/window unit cooling throughout and electric stove/oven provided
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 | $44.4k | $17.40 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $41.9k | $16.44 |
| − OpEx | −$12.6k | −$4.93 |
| NOI | $29.4k | $11.51 |
2,550 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.3K
$366.9K – $489.2K
NOI $29,351 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.7K
NOI $26,381 @ 7.0% cap · market cap 6.65%
Theoretical Best
Specialty Retail
$982.7K
$859.9K – $1.15M
NOI $68,788 @ 7.0% cap · market cap 17.33%
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-unit property with renovation potential near downtown Fort Walton Beach.
Where is this quadplex located?
The property is located at 125 Beal Parkway Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Four individual units totaling approximately 2,550 SF, each with 1 bedroom, 1 bathroom, living room, and a bonus room; Four‑plex built in 1951 with brick construction and a porch; Window and wall/window unit cooling throughout and electric stove/oven provided
