816 Lark Street, Fort Walton Beach, FL 32547
MULTI_FAMILY - Other - Fort Walton Beach, FL
- Added:
- May 14, 2025
- Days on Market:
- 395
- Last Refresh:
- Jun 12 at 5:06 am
Property Features for 816 Lark Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Resid Multi-Family
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 6, Dining Room, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 9
- Patio and Porch features
- Porch, Patio
- Exterior features
- Yard Building
- Appliances
- Refrigerator, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
- Standard status
- Active
- APN
- 26-1S-24-0950-0003-0040
- Size
- 3,322 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- FOREST HTS S/D LOT 4 BLK 3 & FOREST HTS S/D LOT 5 BLK 3
- Tax Annual Amount
- 4009
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Trim Wood
- Architectural style
- Other
Listing agent Tamela Leann Hayes License #3085266 (850) 259-6404
Listing office Coldwell Banker Realty 45 Eglin Pkwy NE #101, Pensacola, FL (850) 863-4563
Listing date May 14, 2025
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.
HighLights
- Fully‑occupied multi‑family property with potential $9,115 monthly income.
- Conveniently located: 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, near shopping and dining.
- Eight units across two parcels offer tax advantages.
- Seven units feature 2 beds/1 bath, central heat & air, covered patios, and washer/dryer hookups; one premium 3 bed/3 bath unit with garage and screened porch.
- Seller will consider owner financing with $500,000 down.
- Concrete driveway with individual parking pads and streetlamp lighting.
Overview
Local 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 | $57.8k | $17.40 |
| − Vacancy | −$3.2k | −$0.96 |
| EGI | $54.6k | $16.44 |
| − OpEx | −$16.4k | −$4.93 |
| NOI | $38.2k | $11.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.628595
- Latitude
- 30.465617
