Four-Plex Income Property with New
6904 Sea Turtle Circle Navarre, FL 32566
For Sale
$630,000
MULTI_FAMILY - Other - Navarre, FL
Property Size4,074 SF
Lot Size0.62 Acres
Price / SF$154.64
Days on Market218
Property Features for 6904 Sea Turtle Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
9
Bathrooms
8
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 6, Bedroom 9, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 8, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 5, Bathroom 7
Parking
8
Standard status
Active
APN
22-2S-27-4908-00000-0050
Size
4,074 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
SEA LARK LANDING LOT 5 AS DES IN OR 2645 PG 51 LESS ALL MINERAL RIGHTS
Building Details
Year built
1991
Floors in Building
1
Architectural style
Other
Listing Agency:
ERA American Real Estate
(850) 651-2454
Listed By:
Yunhui Roehrig · License #3401267
(850) 830-9782
Added: Dec 22, 2025
Changed: Jul 27
Last Checked: Jul 28 at 4:06AM
MLS# 991671
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 income-producing four-plex includes one 3-bedroom unit and three 2-bedroom units. The property has a new roof, and all units are currently tenant-occupied under a one-year lease term. The listing notes that short-term use may be established by the new owner.
Located near the Emerald Coast beaches in the College De Sec area, the property is described as having convenient access to beaches, shopping, dining, and major roadways. The property is zoned commercial.
Offered for sale as a residential income property, this is a turn-key option for buyers seeking an already-leased multifamily configuration at the start of their ownership.
Located near the Emerald Coast beaches in the College De Sec area, the property is described as having convenient access to beaches, shopping, dining, and major roadways. The property is zoned commercial.
Offered for sale as a residential income property, this is a turn-key option for buyers seeking an already-leased multifamily configuration at the start of their ownership.
Key Highlights
- Income‑producing 4‑plex built in 1991
- Unit mix: one 3BR unit and three 2BR units
- All units are currently tenant‑occupied under a one‑year lease term
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 | $56.2k | $13.80 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $53.3k | $13.08 |
| − OpEx | −$16.0k | −$3.92 |
| NOI | $37.3k | $9.16 |
4,074 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$533.0K
$466.4K – $621.8K
NOI $37,308 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$469.4K
$410.7K – $547.6K
NOI $32,858 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.00M
$877.8K – $1.17M
NOI $70,223 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing 4-plex with one 3BR and three 2BR units, all tenant-occupied under one-year leases.
Where is this quadplex located?
The property is located at 6904 Sea Turtle Circle Navarre, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Income‑producing 4‑plex built in 1991; Unit mix: one 3BR unit and three 2BR units; All units are currently tenant‑occupied under a one‑year lease term
