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    Niceville, FL Multifamily Properties for Sale

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    Valparaiso, FL Shalimar, FL Destin, FL
    Mixed-Use Land with Duplex
    $700,000
    2.75 Acres
    Mixed-Use Land with Duplex

    311 Kelly Road, Niceville, FL 32578

    Multi-parcel land in Niceville’s CRA district with a duplex needing renovation and room for additional redevelopment concepts.
    • +/- 2.75‑acre multi‑parcel property in the City of Niceville Community Redevelopment Agency (CRA) district
    • Existing duplex on‑site that needs renovation
    • New metal roof included
    • Multi‑Use zoning; existing structure may be suitable for conversion to office or professional space (subject to city approvals)
    • A significant portion of the parcel remains vacant, allowing flexibility for additional mixed‑use concepts or expanded multi‑family (subject to approvals)
    Updated: Jun 6
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    Niceville Multi-Use Redevelopment Opportunity
    $800,000
    1.60 Acres
    Niceville Multi-Use Redevelopment Opportunity

    309-311 Kelly Road, Niceville, FL 32578

    Three parcels totaling ±1.6 acres in Niceville CRA district.
    • 1.6 acres of multi‑use parcels in Niceville CRA district offer exceptional redevelopment/investment potential.
    • Value‑add opportunity with existing duplex featuring a new metal roof.
    • Multi‑Use zoning allows for flexible development options: commercial, mixed‑use, multi‑family, or owner‑user projects.
    • Significant vacant land allows for additional development.
    • Located in an established area with nearby residential and commercial activity.
    Updated: Jan 29
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    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

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 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.

    Fully Occupied Multi-Family Investment
    $586,405
    2,750 SF
    Fully Occupied Multi-Family Investment

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

    818 Lark Street, Fort Walton Beach, FL 32547

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    Destin Duplex on Large Lot
    $669,000
    1,425 SF
    Destin Duplex on Large Lot

    Duplex in Destin, Florida with long-term tenants.

    619 Mimosa Avenue, Destin, FL 32541

    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
    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

    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.

    Cleared Lot in Crestview, FL
    $39,900
    0.24 Acres
    Cleared Lot in Crestview, FL

    Ready-to-build 0.24-acre lot with utilities in Crestview, Florida.

    4712 Canary Way, Crestview, FL 32539

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    Cleared Lot in Crestview, FL
    $39,900
    0.24 Acres
    Cleared Lot in Crestview, FL

    0.24-acre cleared lot ready for building or manufactured home.

    4716 Canary Way, Crestview, FL 32539

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    Cleared Lot in Crestview, FL
    $39,900
    0.24 Acres
    Cleared Lot in Crestview, FL

    Ready-to-build 0.24-acre lot with utilities in Crestview, Florida.

    Canary Way lot: 21, Crestview, FL 32539

    View details
    Cleared Lot in Crestview, FL
    $39,900
    0.24 Acres
    Cleared Lot in Crestview, FL

    Cleared 0.24-acre lot ready for building or manufactured home.

    Canary Way lot: 22, Crestview, FL 32539

    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)
    3,096 SF Lot: 1.56 Acres
    Estimated value
    $520,000

    302 Madison St, Niceville, FL 32578-1433

    View details

    Niceville, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Niceville, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,900,000.

    Sale prices for multifamily properties in Niceville, FL start at $400,000, averaging $633,333, and reaching up to $800,000 — 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

    Duplexes 3

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    32578 $600K

    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

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