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10-Unit Apartment Building
For Sale
$1,075,000

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

Consistent one-bedroom, one-bathroom layouts across all units support straightforward multifamily operations.

Property SizeContact for details
Days on Market36

Property Features for 14 NW Cape Drive A-j

General Information

Standard status Active

Units

Unit Mix 10 x 1BR/1BA
Multifamily Units 10

Additional Details

Gross Income $110,700
Listing Agency: Endless Horizons Realty Inc
Listed By: Amber M Carpenter · License #3412747
Source: Cloviscannonhomes
Added: Jul 29 Changed: Aug 30 Last Checked: Sep 1 at 8:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Endless Horizons Realty Inc

Investment Insights

Based on property information with market context.

This apartment property includes 10 units, each arranged as a 1-bedroom, 1-bathroom residence. The consistent configuration creates a uniform unit mix across the building. Professional management is in place, and the property is described as maintaining high occupancy.

Located at 14 NW Cape Drive A-j in Fort Walton Beach, Florida, the property is near employers, shopping centers, and Gulf Coast beaches. The existing units are positioned for long-term tenancy, and the property information identifies potential for short-term conversion.

Key Highlights

  • 10 residential units with a consistent 1‑bedroom, 1‑bathroom layout
  • Professional property management currently in place
  • High occupancy reported across the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Butcher Electrical Service Locksmith Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

563
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Consistent one-bedroom, one-bathroom layouts across all units support straightforward multifamily operations.
Where is this apartment building located?
The property is located at 14 NW Cape Drive A-j Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 10 residential units with a consistent 1‑bedroom, 1‑bathroom layout; Professional property management currently in place; High occupancy reported across the property
More about this property
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