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Crestview Multifamily Investment Opportunity

507 Amos St, Crestview, FL 32539

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For Sale

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Stabilized 10-unit apartment building built in 2021.

Type:Multifamily

Property size:

8,400 SF

Price / SF:

$202/SF

HighLights

Newly constructed in 2021, minimizing potential maintenance costs.
Stabilized cash flowing asset with historically high occupancy rates (near 100%).
Significant value‑add opportunity through raising rents to market rates ($75-$150 below comparable properties).
Tenants responsible for paying electricity and water, reducing landlord expenses.
Consists of ten 2‑bed, 1‑bath apartments, a desirable unit configuration.
Amenities include individual entrances, ample parking, and dishwashers.

We can help!

Contact an agent

Nick Hull

For Sale

Contact for pricing

Stabilized 10-unit apartment building built in 2021.

Type:Multifamily

Property size:

8,400 SF

Price / SF:

$202/SF

Added:: Mar 19, 2026
Days on Market:: 111
Last Refresh:: Jul 2 at 5:39 am

Property Features for 507 Amos St

General Information

Standard status: Active
Size: 8,400 SF
Property subtype: Multifamily

Building Details

Year Built: 2021

We can help!

Contact an agent

Nick Hull

Listing office Hull Multifamily Advisors

Listing date Mar 19, 2026

Source Crexi

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 Hull Multifamily Advisors

HighLights

Newly constructed in 2021, minimizing potential maintenance costs.
Stabilized cash flowing asset with historically high occupancy rates (near 100%).
Significant value‑add opportunity through raising rents to market rates ($75-$150 below comparable properties).
Tenants responsible for paying electricity and water, reducing landlord expenses.
Consists of ten 2‑bed, 1‑bath apartments, a desirable unit configuration.
Amenities include individual entrances, ample parking, and dishwashers.

Overview

The Sage Tree Apartments, constructed in 2021, offer a multifamily investment opportunity in Crestview, FL. This single-building asset comprises ten apartments, each featuring two bedrooms and one bathroom within an 840 square foot layout. The property includes amenities such as individual entrances, ample parking, and dishwashers. All utilities are individually metered, with tenants responsible for electricity and water expenses. The property is presented as a stabilized, cash-flowing asset with potential for value enhancement. Current rents are below market averages compared to similar properties, presenting an opportunity to increase rents and cash flow. Historically, the property has maintained occupancy levels near 100%. The location and cash flow make this an attractive investment.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$166.3k	$19.80
− Vacancy	−$8.3k	−$0.99
EGI	$158.0k	$18.81
− OpEx	−$71.1k	−$8.46
NOI	$86.9k	$10.35

8,400 SF · lease $19.80/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,902 @ 7.0% cap · market cap 5.11%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$3.24M

$2.83M – $3.78M (±1% cap)

NOI $226,596 @ 7.0% cap · market cap 13.33%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Sage Tree Apartments Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Crestview
County: Okaloosa
State: Florida
Longitude: -86.5629165
Latitude: 30.7563

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For sale
Apartment buildings
FL
Crestview
32539
507 Amos St

What type of property is this?

Apartment building - Stabilized 10-unit apartment building built in 2021.

Where is this apartment building located?

The property is located at 507 Amos St Crestview, FL.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Newly constructed in 2021, minimizing potential maintenance costs.; Stabilized cash flowing asset with historically high occupancy rates (near 100%).; Significant value‑add opportunity through raising rents to market rates ($75-$150 below comparable properties).