New Construction
For Sale
$715,000
161 S Booker Street, Crestview, FL 32536
Residential, Crestview, FL
Property Size2,834 SF
Lot Size0.28 Acres
Price / SF$252.29
Days on Market199
Property Features for 161 S Booker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Resid Multi-Family, Resid
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking
4
Exterior features
Sprinkler System
Appliances
Water Heater - Elect
Subdivision
BOOKER ST
Lot features
Cleared, Survey Available
Elementary school
Bob Sikes
Middle school
Shoal River
High school
Crestview
Directions
In Crestview at the intersection of Hwy 90 and Hwy 85, Head south on Hwy 85 then turn right onto Martin Luther King Jr Blvd and your destination will be on the right.
Standard status
Active
APN
17-3N-23-2490-0077-0050
Size
2,834 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Crestview Lots 5 To 7 Inc Ex 10
Tax Annual Amount
346
Legal Description
Crestview Lots 5 To 7 Inc Ex 10
Utilities
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Building materials
Siding Shake, Siding Vinyl
Architectural style
Other
Listing Agency:
World Impact Real Estate
(850) 225-7000
Listed By:
Gavharjan U Masharipova · License #3328100
(850) 865-8050
Added: Apr 13
Changed: Oct 27
Last Checked: Oct 28 at 2:06AM
MLS# 1000504
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.
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Investment Insights
Based on property information with market context.
This duplex is under construction with completion expected by the end of summer 2026. The property contains 2,834 square feet across two separate two-story units, with each residence configured with three bedrooms and two-and-a-half bathrooms. Central air, electric water heaters, shake and vinyl siding, and a sprinkler system are planned or included among the listed features.
Set on 0.28 acres at 161 S Booker Street in Crestview, Florida, the property is zoned Resid Multi-Family, Resid. The six-bedroom configuration and residential multifamily zoning support the property’s intended duplex format.
Set on 0.28 acres at 161 S Booker Street in Crestview, Florida, the property is zoned Resid Multi-Family, Resid. The six-bedroom configuration and residential multifamily zoning support the property’s intended duplex format.
Key Highlights
- 2,834‑square‑foot duplex on a 0.28‑acre lot
- Two two‑story units, each with 3 bedrooms and 2.5 bathrooms
- Under construction with expected completion by the end of summer 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,620
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,400
$652.4K
Cap Rate 7%
$466,000
$466.0K
Cap Rate 9%
$362,444
$362.4K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$49.3K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.6K $16.44/SF
− OpEx
−$14.0K −$4.93/SF
NOI
$32.6K $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%
$652,400
Cap Rate 7%
$466,000
Cap Rate 9%
$362,444
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.8K – $543.7K
NOI $32,620 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$418.8K
$366.5K – $488.7K
NOI $29,319 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$1.09M
$955.6K – $1.27M
NOI $76,449 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
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Business Placement
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story units offer three bedrooms, two-and-a-half bathrooms, central air, and electric water heaters.
Where is this duplex located?
The property is located at 161 S Booker Street Crestview, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 2,834‑square‑foot duplex on a 0.28‑acre lot; Two two‑story units, each with 3 bedrooms and 2.5 bathrooms; Under construction with expected completion by the end of summer 2026
