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    Fort Walton Beach, FL Multifamily Properties for Sale

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    Four-Unit Quadplex with Bonus Rooms
    Updated: Sep 11, 2025
    Four-Unit Quadplex with Bonus Rooms

    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 one bedroom, one bath, living room, and bonus room
    Zoned Commercial, Resid Multi‑F on a 0.16‑acre lot
    Brick construction with porch and fenced back yard
    Cooling via window unit(s) and wall/window unit(s)
    Appliances include refrigerator and electric stove/oven; electric water heater listed
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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
    Duplex with Private Fenced Backyards
    Updated: Jul 6
    Duplex with Private Fenced Backyards

    89 Eccles Road, Fort Walton Beach, FL 32547

    $725,000
    3,148 sqft
    2026‑built duplex listed as under construction
    3148 SF heated and cooled living space
    Each unit: 3 bedrooms and 3.5 bathrooms plus one‑car garage
    Each unit includes fenced backyard with irrigation system
    Three separate power meters for Unit A, Unit B, and security lighting/well pump
    View details
    Duplex Under Construction
    Duplex Under Construction

    507 Scott Lane, Fort Walton Beach, FL 32547

    $650,000
    3,192 sqft

    Brand new duplex under construction with two units, central air, and public sewer service.

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    Income-Producing Six-Plex with Updates
    Income-Producing Six-Plex with Updates

    22 Bobolink Street Northeast, Fort Walton Beach, FL 32548

    $820,000
    2,816 sqft

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Multifamily Property in Fort Walton
    Multifamily Property in Fort Walton

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

    $1,050,000
    0.32 AC lot

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

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    UDAB Commercial Development Land
    UDAB Commercial Development Land

    98114 98 And 114 Skipper Ave, Fort Walton Beach, FL 32547

    $950,000

    Two adjacent parcels provide access from Skipper Avenue and Katherine Street within the Urban Development Area Boundary.

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    10-Unit Apartment Building
    10-Unit Apartment Building

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

    $1,075,000

    Consistent one-bedroom, one-bathroom layouts across all units support straightforward multifamily operations.

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    10-Unit Multifamily Investment
    10-Unit Multifamily Investment

    A-j-14 Cape Dr Nw, Fort Walton Beach, FL 32548

    $1,050,000

    Well-maintained 10-unit property with one-bedroom, one-bath layouts, marketed for steady rental income.

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    Sound-Side Townhome with Boat Slip
    Sound-Side Townhome with Boat Slip

    340 Bluefish Dr UNIT 109, Fort Walton Beach, FL 32548

    $885,000

    Townhome with boat slip, waterway views, and rental potential.

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    Waterfront Short-Term Rental Property
    Waterfront Short-Term Rental Property

    157 Monahan Dr, Fort Walton Beach, FL 32547

    Contact for pricing

    Flexible layout with three private lockout suites, kitchenettes, and direct water access.

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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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    40-Unit Apartment Portfolio
    40-Unit Apartment Portfolio

    27-31 Alder Ave SE, Fort Walton Beach, FL 32548

    Contact for pricing

    Multi-property apartment portfolio with individually metered utilities, private entrances, parking, and washer/dryer hookups.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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.

    Remodeled Duplex with Screened Porch
    Remodeled Duplex with Screened Porch

    34 Meigs Drive, Shalimar, FL 32579

    $585,000
    1,760 sqft 0.55 AC lot

    Fully rented duplex with two 2-bedroom, 2-bath units and lake views, including a newly completed 2018 roof.

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

    32 7th Ave, Shalimar, FL 32579

    Contact for pricing

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

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

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

    $4,495,000
    20,000 sqft 1.00 AC lot

    Renovated Harbor Village building includes 10 retail storefronts and 10 two-bedroom apartments with independent access.

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

    220 Harbor Blvd, Destin, FL

    Contact for pricing
    21,120 sqft 0.86 AC lot

    Renovated mixed-use building with retail and residential units in Destin.

    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.

    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
    Waterfront Land with Private Dock
    Waterfront Land with Private Dock

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

    $500,000
    5.96 AC lot

    Waterfront land offering a private dock and fishing pier, plus access to an exclusive community beach area.

    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
    Gulf Breeze Wooded Lot Opportunity
    Gulf Breeze Wooded Lot Opportunity

    Suncrest St lot: 19, Gulf Breeze, FL 32563

    $45,000
    0.03 AC lot

    Wooded lot in Gulf Breeze community with waterfront access.

    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

    $410,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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
    $345,000
    Estimated value
    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 13 active listings on our real estate platform. These investment opportunities span a total of 12,761 square feet of properties for sale, with an estimated market value of $11,412,000.

    Sale prices for multifamily properties in Fort Walton Beach, FL start at $397,000, averaging $1,037,454, and reaching up to $2,510,000 — 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

    Commercial property segments ranked by active listings on the market

    Apartment buildings 7
    Duplexes 3
    Short term rental properties 3
    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
    32548 $879.5K
    32547 $1.2M

    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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    Most Searched ZIP Codes in Fort Walton Beach, FL

    • 32547
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    Featured Fort Walton Beach Real Estate Agencies

    Realmo connects you with licensed Fort Walton Beach CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Livin Right Real Estate
    135 Perry Ave SE Fort Walton Beach, FL 32548
    Phone: 18508650116
    www.livinrightrealestate.com

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