Fort Walton Beach, FL Multifamily Properties for Sale

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$1,800,000

5,144 SF

Waterfront Estate with Rental Income

334 Bluefish Drive unit: 1-6, Fort Walton Beach, FL 32548

Waterfront estate featuring multiple units and primary residence.

Rare waterfront estate with strong rental income potential.
2BR/2BA primary residence boasts 2,008 sq. ft. and panoramic water views.
Enjoy a private beach and two private docks.
Updated kitchen features quartzite countertops.
Fully equipped outdoor kitchen.

Updated: Apr 3

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$586,405

2,750 SF

Fully Occupied Multi-Family Investment

818 Lark Street unit: 1, 2, 3, 4, Fort Walton Beach, FL 32547

Income-producing multi-family property with development potential near Eglin AFB.

Fully‑occupied multi‑family property ensures immediate cash flow.
Prime location: 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, near shopping and dining.
Seller will consider owner financing with attractive terms: $500,000 down, 30‑year amortization with a balloon payment in 3 years.
Consists of 8 individual units across 4 duplexes, including seven 2‑bedroom/1‑bath units and one premium 3‑bedroom/3‑bath unit with garage and screened porch.
Located in an unincorporated tax district, offering valuable tax advantages and flexibility.

Updated: May 14, 2025

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$274,900

1,425 SF

Updated Duplex in Quiet Neighborhood

Updated 3-bedroom, 2-bath duplex with garage in Fort Walton Beach.

1036 Blue Ridge Drive, Fort Walton Beach, FL 32547

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$397,000

2,550 SF

Four-Plex in Prime Location

Four-unit property with renovation potential near downtown Fort Walton Beach.

125 Beal Parkway, Fort Walton Beach, FL 32548

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$225,000

1,144 SF

Fort Walton Beach Duplex Opportunity

Duplex in need of updates, close to amenities.

814 Cardinal Street unit: A & B, Fort Walton Beach, FL 32547

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$713,592

3,322 SF

Fully Occupied Multi-Family Investment

Income-producing multi-family property with development potential in Fort Walton Beach.

816 Lark Street unit: 5, 6, 7, 8, Fort Walton Beach, FL 32547

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$35,000,000

68,389 SF

Waterfront Residence on Okaloosa Island

Exquisite waterfront residence with updated units and Gulf views.

480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

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$1,800,000

2,008 SF

Waterfront Property with Rental Income

Waterfront property featuring multiple units and rental income potential.

334 Bluefish Drive #1-6, Fort Walton Beach, FL 32548

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$1,150,000

0.32 Acres

Multifamily Property in Fort Walton

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

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

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$880,000

2,816 SF

Income-Producing Six-Plex with Updates

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

22 Bobolink St NE, Fort Walton Beach, FL 32548

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$2,510,000

1,055 SF

New Multifamily Investment Opportunity

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

960 NW Denton Boulevard, Fort Walton Beach, FL 32547

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$1,300,000

Prime Real Estate on Racetrack Road

Nearly 1 acre with road frontage and development possibilities.

120 NE Racetrack Road, Fort Walton Beach, FL 32547

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Based on your search, we've compiled 95 Potential Opportunities for your consideration. Besides 12 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 75 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

$4,500,000

20,000 SF

Harbor Village Mixed-Use Building

Renovated mixed-use building with retail and residential units.

220 Harbor Boulevard Units 1-10, Destin, FL 32541

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$400,000

Niceville Multi-Use Redevelopment Opportunity

0.80-acre parcel with redevelopment potential in Niceville CRA district.

311 Kelly Rd, Niceville, FL 32578

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$800,000

Niceville Multi-Use Redevelopment Opportunity

Three parcels totaling ±1.6 acres in Niceville CRA district.

309-311 Kelly Road, Niceville, FL 32578

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$4,500,000

21,120 SF

Harbor Village Mixed-Use Building

Renovated mixed-use building with retail and residential units.

220 Harbor Blvd, Destin, FL 32541

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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.

Gulf Breeze Waterfront Development Opportunity

$500,000

5.96 Acres

Gulf Breeze Waterfront Development Opportunity

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

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

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$5,500,000

4.60 Acres

Gulf Breeze Land Investment Opportunity

4.6-acre property with 90 lots in waterfront community.

Suncrest St unit: Package Deal For All Available Lots, Gulf Breeze, FL 32563

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$40,000

0.03 Acres

Gulf Breeze Wooded Lot Opportunity

Wooded lot in Gulf Breeze community with waterfront access.

Suncrest St lot: 19, Gulf Breeze, FL 32563

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$55,000

0.03 Acres

Cleared Lot in Gulf Breeze

Vacant lot ideal for tiny home, mobile home, or RV.

1437 Suncrest St lot: 32, Gulf Breeze, FL 32563

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Explore 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) • 3,205 SF

Value Estimation by Request

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

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