Quadplex with New
For Sale
$630,000
6904 Sea Turtle Circle, Navarre, FL 32566
MULTI_FAMILY - Other - Navarre, FL
Property Size4,074 SF
Lot Size0.62 Acres
Price / SF$154.64
Days on Market223
Property Features for 6904 Sea Turtle Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bathroom 8, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 8, Bathroom 7, Bedroom 9, Bedroom 7
Parking
8
Subdivision
SEA LARK LANDING
Elementary school
West Navarre Primary-Intermed
Middle school
Woodlawn Beach
High school
Navarre
Directions
From Hwy 98 West, turn right onto Sea Lark Dr, then turn right onto first street Sea Turtle, 4 homes will be at the end of the street.
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
Legal 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 · ERA Real Estate
(850) 651-2454
Listed By:
Yunhui Roehrig · License #3401267
(850) 830-9782
Added: Dec 22, 2025
Changed: Aug 2
Last Checked: Aug 2 at 10:06PM
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 quadplex at 6904 Sea Turtle Circle offers four tenant-occupied units, including one 3BR unit and three 2BR units. The property was built in 1991 and features a new roof, supporting ongoing operations.
The lot size is 0.62 acres, and the property is listed as 4,074 square feet. It is located in a cul-de-sac area of Navarre, with convenient access noted to beaches, shopping, dining, and major roadways.
All four units are currently under long-term rental agreements. A buyer may continue with long-term rentals and can explore establishing short-term rental usage by a new owner after review of applicable requirements and tenant/lease terms. Buyer to verify all information.
The lot size is 0.62 acres, and the property is listed as 4,074 square feet. It is located in a cul-de-sac area of Navarre, with convenient access noted to beaches, shopping, dining, and major roadways.
All four units are currently under long-term rental agreements. A buyer may continue with long-term rentals and can explore establishing short-term rental usage by a new owner after review of applicable requirements and tenant/lease terms. Buyer to verify all information.
Key Highlights
- New roof on a four‑unit quadplex
- 0.62 acres (4,074 SF)
- Unit mix: one 3BR plus three 2BR units
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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 32566, FL
44,434
Population
17,893
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,134
Density / Sq Mi
$99,501
Median Household Income
$46,035
Median Earnings
$1,782
Median Rent
$361,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Commercial-zoned quadplex with four tenant-occupied units: one 3BR and three 2BR.
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: New roof on a four‑unit quadplex; 0.62 acres (4,074 SF); Unit mix: one 3BR plus three 2BR units
