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    Fort Walton Beach, FL Multifamily Properties for Sale

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    Four-Plex in Prime Location
    Updated: Sep 11, 2025
    Four-Plex in Prime Location

    125 Beal Parkway, Fort Walton Beach, FL 32548

    $397,000
    2,550 sqft 0.16 AC lot
    Four individual units totaling approximately 2,550 SF, each with 1 bedroom, 1 bathroom, living room, and a bonus room
    Four‑plex built in 1951 with brick construction and a porch
    Window and wall/window unit cooling throughout and electric stove/oven provided
    Public sewer and fenced back yard
    Zoned commercial, offering flexibility for future use
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    This listing looks promising.

    Here's a quick look at some key insights for

    125 Beal Parkway, Fort Walton Beach, FL 32548

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $419K
      Above asking

    • Property Type

      Triplex
      Built 1951
    View Property Analytics
    Single-Story Duplex Portfolio
    Updated: May 14, 2025
    Single-Story Duplex Portfolio

    816 Lark Street, Fort Walton Beach, FL 32547

    $695,000
    3,322 sqft 0.43 AC lot
    Two‑parcel multifamily portfolio at 816 & 818 Lark St (see MLS #976434) with four single‑story duplexes totaling 8 rental units
    Current gross rental income is approximately $9,130 per month and the portfolio is described as fully occupied
    Seven units feature 2 bedrooms, 1 bathroom, open kitchen/living areas, covered back patios, washer/dryer hookups, and individual central heat/air systems
    Unit 8 at 816 Lark includes 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, attached 1‑car garage, and a large screened porch
    Property includes private irrigation well for future landscaping, dedicated parking, and concrete driveways
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    Duplex Portfolio with 8 Units
    Duplex Portfolio with 8 Units

    818 Lark Street, Fort Walton Beach, FL 32547

    $575,000
    2,750 sqft 0.47 AC lot

    Fully occupied duplex portfolio with eight rental units across two parcels, each with dedicated parking and driveways.

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    New Multifamily Investment Opportunity
    New Multifamily Investment Opportunity

    960 NW Denton Boulevard, Fort Walton Beach, FL 32547

    $2,510,000
    1,055 sqft

    Ten newly constructed, tenant-occupied apartments in Fort Walton Beach, Florida.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Income-Producing Six-Plex with Updates
    Income-Producing Six-Plex with Updates

    22 Bobolink St NE, Fort Walton Beach, FL 32548

    $880,000
    2,816 sqft

    Six-plex with long-term tenants and recent updates.

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    Multifamily Property in Fort Walton
    Multifamily Property in Fort Walton

    14 NW Cape Drive #A-J, Fort Walton Beach, FL 32548

    $1,075,000
    0.32 AC lot

    Ten-unit multifamily property with strong income stream near Gulf Coast.

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    Waterfront Residence on Okaloosa Island
    Waterfront Residence on Okaloosa Island

    480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

    $35,000,000
    68,389 sqft 1.57 AC lot

    Exquisite waterfront residence with updated units and Gulf views.

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    Fully-Occupied Multi-Family Investment Opportunity
    Fully-Occupied Multi-Family Investment Opportunity

    816 Lark St 5, 6, 7, 8, Fort Walton Beach, FL 32547

    $713,592
    0.43 AC lot

    Income-producing property with development potential in Ft Walton Beach, FL.

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    Prime Real Estate on Racetrack Road
    Prime Real Estate on Racetrack Road

    120 NE Racetrack Road, Fort Walton Beach, FL 32547

    $1,300,000

    Nearly 1 acre with road frontage and development possibilities.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Rented Duplex with Lake Views
    Fully Rented Duplex with Lake Views

    34 Meigs Drive, Shalimar, FL 32579

    $585,000
    1,760 sqft 0.55 AC lot

    A fully rented two-unit duplex featuring remodeled interiors, lake views, and recent major systems upgrades.

    View details
    Two-Unit Duplex Income Property
    Two-Unit Duplex Income Property

    619 Mimosa Avenue, Destin, FL 32541

    $629,000
    1,425 sqft

    Duplex with two 2-bedroom, 1-bath units on a large lot, currently occupied by long-term tenants.

    View details
    Fort Walton Beach Multifamily Portfolio
    Fort Walton Beach Multifamily Portfolio

    32 7th Ave, Shalimar, FL 32579

    $1,975,000

    Eight-property portfolio in Fort Walton Beach and Shalimar, Florida.

    View details
    Harbor Village Mixed-Use Building
    Harbor Village Mixed-Use Building

    220 Harbor Blvd, Destin, FL 32541

    $4,500,000
    21,120 sqft 1.00 AC lot

    Renovated mixed-use building with retail and residential units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ready-to-Build Vacant Lot
    Ready-to-Build Vacant Lot

    9013 Larker Woods Drive, Navarre, FL 32566

    $104,900
    0.40 AC lot

    Cleared 0.4 acre lot in Navarre, utilities available.

    View details
    Land Near 30A Beaches
    Land Near 30A Beaches

    W Hewett Lodge Lane lot: 21, Santa Rosa Beach, FL 32459

    $119,000
    0.42 AC lot

    Cleared lot near beaches, shops, and restaurants.

    View details
    Gulf Breeze Waterfront Development Opportunity
    Gulf Breeze Waterfront Development Opportunity

    Gulf Breeze Pkwy lot: 9, Gulf Breeze, FL 32563

    $500,000
    5.96 AC lot

    5.96-acre property with waterfront views, private dock, and beach access.

    View details
    Gulf Breeze Land Investment Opportunity
    Gulf Breeze Land Investment Opportunity

    Suncrest St, Gulf Breeze, FL 32563

    $5,500,000
    4.60 AC lot

    4.6-acre property with 90 lots in waterfront community.

    View details

    Off-Market Properties in Fort Walton Beach, FL

    Consider similar Off-Market properties in Fort Walton Beach, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    157 Monahan Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    157 Monahan Dr, Fort Walton Beach, FL 32547-3762

    Value Estimation by Request
    3,205 sqft 0.38 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 202
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2857

    Unit 202
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 111
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2853

    Unit 111
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 231
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2860

    Unit 231
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 221
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2852

    Unit 221
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 209
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2857

    Unit 209
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 107
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2856

    Unit 107
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 104
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2813

    Unit 104
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 211
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2858

    Unit 211
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 133
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2854

    Unit 133
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 103
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2813

    Unit 103
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 102
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2813

    Unit 102
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 123
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2851

    Unit 123
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 124
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2851

    Unit 124
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details
    80 Miracle Strip SE Pkwy, Unit 224
    BOARDING/ROOMING HOUSE

    80 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-2852

    Unit 224
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details

    Fort Walton Beach, FL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Fort Walton Beach, FL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 80,882 square feet of properties for sale, with an estimated market value of $40,057,000.

    Sale prices for multifamily properties in Fort Walton Beach, FL start at $397,000, averaging $6,676,166, and reaching up to $35,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 5
    Duplexes 2
    Quadplexes 1

    Demographics Overview

    Population 59K
    Population Growth (5Y) +7.7%
    Median Household Income $66,255
    College Educated 25.9%

    High-Yield Neighborhoods for Investment

    Identify Fort Walton Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32547 $1.3M
    32548 $6.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.28%
    Property Tax per SF $17.48 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Okaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Okaloosa County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Fort Walton Beach fall within the 50,000 to 100,000 square foot range.

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