Brick
For Sale
$397,000
125 Beal Parkway, Fort Walton Beach, FL 32548
Residential, Fort Walton Beach, FL
Property Size2,550 SF
Lot Size0.16 Acres
Price / SF$155.69
Days on Market400
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
Full bathrooms
4
Rooms
Bathroom 1, Bonus Room, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
Patio and Porch features
Porch
Exterior features
Fenced Back Yard
Fencing
Back Yard
Appliances
Refrigerator, Stove/Oven Electric, Water Heater - Elect
Subdivision
GIBSON ADDN
Lot features
Within 1/2 Mile to Water
Elementary school
Edwins
Middle school
Bruner
High school
Fort Walton Beach
Directions
From Miracle Strip (US 98) and Beal travel North on Beal and property will be on your left
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
Legal Description
Gibson Add Lots 8 & 9 Ex S 50 Ft Of Lot 9 Blk K
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/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: Oct 13
Last Checked: Oct 15 at 11:06AM
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 1951 brick fourplex contains four residences totaling 2,550 square feet. Each unit has one bedroom, one bathroom, a living room, and a bonus room that may function as an additional bedroom or office. The property occupies a 0.16-acre site and is described as needing a full renovation.
Located at 125 Beal Parkway in Fort Walton Beach, the property is near downtown. Its zoning is identified as commercial and residential multifamily.
Located at 125 Beal Parkway in Fort Walton Beach, the property is near downtown. Its zoning is identified as commercial and residential multifamily.
Key Highlights
- Four units totaling 2,550 square feet
- Each unit has 1 bedroom, 1 bathroom, a living room, and a bonus room
- Built in 1951 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,351
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,020
$587.0K
Cap Rate 7%
$419,300
$419.3K
Cap Rate 9%
$326,122
$326.1K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$44.4K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.9K $16.44/SF
− OpEx
−$12.6K −$4.93/SF
NOI
$29.4K $11.51/SF
Area
Okaloosa County, FL
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,020
Cap Rate 7%
$419,300
Cap Rate 9%
$326,122
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence pairs a bedroom and bath with a living area and an additional flexible-use room.
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 units totaling 2,550 square feet; Each unit has 1 bedroom, 1 bathroom, a living room, and a bonus room; Built in 1951 with brick construction
