Duplex with
For Sale
$450,000
512 NW Parkview Road A & B, Fort Walton Beach, FL 32547
Both residences have two-bedroom, two-bath layouts and are occupied under long-term leases.
Property Size2,356 SF
Price / SF$191
Days on Market59
Property Features for 512 NW Parkview Road A & B
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Duplex - All Units
Occupancy
100%
Financials
Gross Income
$38,400
Average Monthly Rent
$1,600
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,545
Amenities
wood burning fireplaces
Building Details
Building Size
2,356 SF
Year Built
1985
Buildings
1
Tenancy
Multi
Listing Agency:
LPT Realty LLC
Listed By:
Ryan J Garofalo · License #3524720
(850) 240-8852
Source:
Luckypalmsrealty
Added: Sep 2
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 LPT Realty LLC
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Investment Insights
Based on property information with market context.
This 2,356-square-foot duplex contains two residences, each arranged with two bedrooms and two full bathrooms. Interior features include brick wood-burning fireplaces, updated kitchens, private bedrooms, and spacious living areas. A replacement roof was installed in 2025; the property dates to 1985. Both units are occupied under long-term leases scheduled to renew in Spring 2027.
Located in Fort Walton Beach, the property is near shopping, dining, schools, military installations, entertainment, and Emerald Coast beaches. The two-unit configuration and existing occupancy are central features of the property.
Located in Fort Walton Beach, the property is near shopping, dining, schools, military installations, entertainment, and Emerald Coast beaches. The two-unit configuration and existing occupancy are central features of the property.
Key Highlights
- Two‑unit duplex totaling 2,356 square feet
- Each residence has 2 bedrooms and 2 full bathrooms
- 8.5% Gross Cap Rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,118
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,360
$542.4K
Cap Rate 7%
$387,400
$387.4K
Cap Rate 9%
$301,311
$301.3K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$41.0K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$38.7K $16.44/SF
− OpEx
−$11.6K −$4.93/SF
NOI
$27.1K $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%
$542,360
Cap Rate 7%
$387,400
Cap Rate 9%
$301,311
Alternative Uses
Best Use
Multifamily LT 5
$387.4K
$339.0K – $452.0K
NOI $27,118 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,374 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two-bedroom, two-bath layouts and are occupied under long-term leases.
Where is this duplex located?
The property is located at 512 NW Parkview Road A & B Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,356 square feet; Each residence has 2 bedrooms and 2 full bathrooms; 8.5% Gross Cap Rate
