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    Fort Walton Beach, FL Multifamily Properties for Sale

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    Mary Esther, FL Shalimar, FL Destin, FL
    10 results
    Fully Occupied Multi-Family Investment
    $713,592
    3,322 SF

    Fully Occupied Multi-Family Investment

    816 Lark Street, Fort Walton Beach, FL 32547

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

    • 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.
    Updated: May 14, 2025
    View details
    Fully Occupied Multi-Family Investment
    $586,405
    2,750 SF

    Fully Occupied Multi-Family Investment

    818 Lark Street, 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
    View details
    Four-Plex in Prime Location
    $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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    Waterfront Residence on Okaloosa Island
    $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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    Waterfront Property with Rental Income
    $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
    View details
    Multifamily Property in Fort Walton
    $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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    Income-Producing Six-Plex with Updates
    $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
    View details
    New Multifamily Investment Opportunity
    $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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    Okaloosa Island Turnkey Investment Opportunity
    $1,100,000
    3,200 SF

    Okaloosa Island Turnkey Investment Opportunity

    Four fully furnished condos near the beach on Okaloosa Island.

    306 Barracuda Avenue UNIT 1-4, Fort Walton Beach, FL 32548
    View details
    Prime Real Estate on Racetrack Road
    $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
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 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.

    Niceville Multi-Use Redevelopment Opportunity
    $400,000
    0.80 Acres

    Niceville Multi-Use Redevelopment Opportunity

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

    311 Kelly Rd, Niceville, FL 32578
    View details
    Niceville Multi-Use Redevelopment Opportunity
    $800,000
    1.60 Acres

    Niceville Multi-Use Redevelopment Opportunity

    Three parcels totaling ±1.6 acres in Niceville CRA district.

    309-311 Kelly Road, Niceville, FL 32578
    View details
    Harbor Village Mixed-Use Building
    $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
    View details
    Harbor Village Mixed-Use Building
    $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
    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.

    Residential Lot Near Emerald Coast
    $80,000
    0.15 Acres

    Residential Lot Near Emerald Coast

    Build-ready lot near beaches, bases, and Emerald Coast attractions.

    603 Happiness Road, Mary Esther, FL 32569
    View details
    Ready-to-Build Vacant Lot
    $104,900
    0.40 Acres

    Ready-to-Build Vacant Lot

    Cleared 0.4 acre lot in Navarre, utilities available.

    9013 Larker Woods Drive, Navarre, FL 32566
    View details
    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
    View details
    Gulf Breeze Land Investment Opportunity
    $5,500,000
    4.60 Acres

    Gulf Breeze Land Investment Opportunity

    4.6-acre property with 90 lots in waterfront community.

    Suncrest St, Gulf Breeze, FL 32563
    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)
    3,205 SF Lot: 0.38 Acres
    Value Estimation by Request

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

    View details
    80 Miracle Strip SE Pkwy, Unit 202
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 202

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

    View details
    80 Miracle Strip SE Pkwy, Unit 111
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 111

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

    View details
    80 Miracle Strip SE Pkwy, Unit 231
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 231

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

    View details
    80 Miracle Strip SE Pkwy, Unit 221
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 221

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

    View details
    80 Miracle Strip SE Pkwy, Unit 209
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 209

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

    View details
    80 Miracle Strip SE Pkwy, Unit 107
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 107

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

    View details
    80 Miracle Strip SE Pkwy, Unit 104
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 104

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

    View details
    80 Miracle Strip SE Pkwy, Unit 211
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 211

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

    View details
    80 Miracle Strip SE Pkwy, Unit 133
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 133

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

    View details
    80 Miracle Strip SE Pkwy, Unit 103
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 103

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

    View details
    80 Miracle Strip SE Pkwy, Unit 102
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 102

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

    View details
    80 Miracle Strip SE Pkwy, Unit 123
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 123

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

    View details
    80 Miracle Strip SE Pkwy, Unit 124
    BOARDING/ROOMING HOUSE
    705 SF Lot: 3.92 Acres
    Value Estimation by Request
    Unit 124

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

    View details

    Fort Walton Beach, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Fort Walton Beach, FL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 86,090 square feet of properties for sale, with an estimated market value of $42,986,997.

    Sale prices for multifamily properties in Fort Walton Beach, FL start at $397,000, averaging $5,373,374, 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.

    List
    Map

    Top Commercial Asset Segments

    Apartment buildings 4
    Duplexes 2
    Quadplexes 1
    Short term rental properties 1

    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.

    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 median 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 sq ft
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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