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    Niceville, FL
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    Niceville, FL Multifamily Properties for Sale

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    8-Unit Apartment Complex
    Updated: Nov 15, 2025
    8-Unit Apartment Complex

    700 N Palm Blvd, Niceville, FL 32578

    $1,500,000
    8 units across two buildings connected by a breezeway
    Each unit has 2 bedrooms and 1 full bath
    Individual kitchens include an electric oven, pantry, and refrigerator
    Four units are currently tenant‑occupied with varying lease terms
    Built in 1985 and zoned Res Multi
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Niceville, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Vaulted-Ceiling Duplex
    Vaulted-Ceiling Duplex

    94 5th Street, Shalimar, FL 32579

    $230,000
    1,122 sqft

    Light-filled duplex with renovated finishes, attached garage, fenced backyard, and patio.

    View details
    Marina & Bay View Penthouse
    Marina & Bay View Penthouse

    9500 Grand Sandestin Boulevard #UNIT 2910, Miramar Beach, FL 32550

    $615,000

    Penthouse with panoramic marina and bay views in Sandestin.

    View details
    Baytowne Wharf Townhome with Bay Views
    Baytowne Wharf Townhome with Bay Views

    9201 Market Street Inn 167, Miramar Beach, FL 32550

    $699,000
    0.01 AC lot

    Turnkey vacation rental in Sandestin Golf and Beach Resort.

    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

    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
    Cleared Residential Land Lot
    Cleared Residential Land Lot

    4716 Canary Way, Crestview, FL 32539

    $37,000
    0.24 AC lot

    Cleared, rectangular homesite with utilities at the road and flexible zoning for site-built or manufactured housing.

    View details
    Crestview Land: Build Your Dream
    Crestview Land: Build Your Dream

    5473 Highway 393, Crestview, FL 32539

    $85,000
    2.10 AC lot

    2.10-acre property near Crestview, ideal for building a home.

    View details
    10 Acres Wooded Land Sanctuary
    10 Acres Wooded Land Sanctuary

    Badger Drive, Crestview, FL 32539

    $175,000
    10.00 AC lot

    10-acre wooded land with development potential near Crestview and DeFuniak.

    View details

    Off-Market Properties in Niceville, FL

    Consider similar Off-Market properties in Niceville, 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.

    302 Madison St
    APARTMENT HOUSE (UNDER 5 UNITS)

    302 Madison St, Niceville, FL 32578-1433

    $520,000
    Estimated value
    3,096 sqft 1.56 AC lot
    View details

    Niceville, FL Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Niceville, FL on our real estate platform.

    Sale prices for multifamily properties in Niceville, FL average $1,500,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 34K
    Population Growth (5Y) +3.4%
    Median Household Income $105,858
    College Educated 34.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $18.63 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

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