Two-Story Duplex for
161 S Booker Street Crestview, FL 32536
For Sale
$720,000
MULTI_FAMILY - Other - Crestview, FL
Property Size2,834 SF
Lot Size0.28 Acres
Price / SF$254.06
Days on Market106
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
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3
- Parking
- 4
- Exterior features
- Sprinkler System
- Appliances
- Water Heater - Elect
- 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
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: Jul 24
Last Checked: Jul 27 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale duplex is being built as a two-story property with two separate, self-contained units. Each unit is laid out with three bedrooms and 2.5 bathrooms, creating a consistent residential configuration on both sides of the property. The construction is expected to be completed by the end of summer 2026.
The duplex is located at 161 S Booker Street in Crestview, Florida, within Okaloosa County. The property sits on a 0.28-acre lot and is identified with a residential multi-family zoning designation.
For buyers seeking an income-property structure, this duplex offers a straightforward plan with mirrored unit features and identical bedroom and bathroom counts, which can simplify leasing and tenant turnover. For owner-occupants, the configuration provides the flexibility of having a second unit on-site while maintaining a similar layout across both homes. Completion timing through the end of summer 2026 should be considered in planning for move-in, leasing, or other next steps. Seller is offering $10,000 toward buyer closing costs.
The duplex is located at 161 S Booker Street in Crestview, Florida, within Okaloosa County. The property sits on a 0.28-acre lot and is identified with a residential multi-family zoning designation.
For buyers seeking an income-property structure, this duplex offers a straightforward plan with mirrored unit features and identical bedroom and bathroom counts, which can simplify leasing and tenant turnover. For owner-occupants, the configuration provides the flexibility of having a second unit on-site while maintaining a similar layout across both homes. Completion timing through the end of summer 2026 should be considered in planning for move-in, leasing, or other next steps. Seller is offering $10,000 toward buyer closing costs.
Key Highlights
- New 2026 duplex currently under construction, with an expected completion by end of summer 2026
- Each unit is a two‑story 3‑bedroom, 2.5‑bath home
- Central air cooling
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 | $49.3k | $17.40 |
| − Vacancy | −$2.7k | −$0.96 |
| EGI | $46.6k | $16.44 |
| − OpEx | −$14.0k | −$4.93 |
| NOI | $32.6k | $11.51 |
2,834 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.8K – $543.7K
NOI $32,620 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$418.8K
$366.5K – $488.7K
NOI $29,319 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.09M
$955.6K – $1.27M
NOI $76,449 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Local Rentals - Crestview
Waste Management Facility
FAQs
What type of property is this?
Duplex - Newly constructed two-story duplex designed with two 3-bedroom, 2.5-bath units, slated for completion by summer 2026.
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 $720,000.
What are key features of this property?
This property features: New 2026 duplex currently under construction, with an expected completion by end of summer 2026; Each unit is a two‑story 3‑bedroom, 2.5‑bath home; Central air cooling
