Turnkey Duplex Investment
89 Eccles Road Fort Walton Beach, FL 32547
For Sale
$725,000
MULTI_FAMILY - Other - Fort Walton Beach, FL
Property Size3,148 SF
Price / SF$230.30
Days on Market23
Property Features for 89 Eccles Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
County
Bedrooms
6
Bathrooms
7
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 6, Bathroom 3, Bathroom 8, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 7, Bedroom 5, Bathroom 1
Parking
6
Appliances
Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove/Oven Electric, Washer
Standard status
Active
APN
03-2S-24-0000-0170-0010
Size
3,148 SF
Taxes and HOA fees
Tax Description
COM NW COR E 810FT S 20.23FT TO S R/W AND POB S 80.79FT E 89.89FT N 80.8FT W 89.87FT TO POB
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Building materials
Siding Vinyl
Architectural style
Other
Listing Agency:
Coldwell Banker Realty
(850) 863-4563
Listed By:
Olivia A Wolff PLLC · License #3591104
(850) 865-3533
Added: Jul 6
Changed: Jul 28
Last Checked: Jul 28 at 3:06PM
MLS# 1007067
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 for-sale duplex was built in 2026 and is set up as a two-unit rental property. Each unit includes 3 bedrooms and 3.5 bathrooms with a one-car garage and a spacious laundry room. Interior features include luxury vinyl plank flooring, quartz countertops, and stainless steel appliances with soft-close cabinetry. The property also has private, fenced backyards for each unit, along with an irrigation system.
Utilities are supported by three separate power meters: one for Unit A, one for Unit B, and a dedicated meter for security lighting and the well pump. The property is located at 89 Eccles Road in Fort Walton Beach, Florida, in Okaloosa County.
Utilities are supported by three separate power meters: one for Unit A, one for Unit B, and a dedicated meter for security lighting and the well pump. The property is located at 89 Eccles Road in Fort Walton Beach, Florida, in Okaloosa County.
Key Highlights
- Duplex under construction (2026) with two units already having tenants in place
- Each unit features 1,574 sq ft of heated and cooled living space with 3 bedrooms and 3.5 bathrooms
- Each unit includes a one‑car garage and a spacious laundry room with washer and dryer
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 | $54.8k | $17.40 |
| − Vacancy | −$3.0k | −$0.96 |
| EGI | $51.8k | $16.44 |
| − OpEx | −$15.5k | −$4.93 |
| NOI | $36.2k | $11.51 |
3,148 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.6K
$452.9K – $603.9K
NOI $36,234 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,568 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,920 @ 7.0% cap · market cap 11.71%
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?
Duplex - Newer duplex with two units, each featuring three bedrooms, modern finishes, and private fenced backyards.
Where is this duplex located?
The property is located at 89 Eccles Road Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex under construction (2026) with two units already having tenants in place; Each unit features 1,574 sq ft of heated and cooled living space with 3 bedrooms and 3.5 bathrooms; Each unit includes a one‑car garage and a spacious laundry room with washer and dryer
