Okaloosa County, FL Multifamily Properties for Sale

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Updated: Sep 11, 2025

Four-Plex in Prime Location

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 1 bedroom, 1 bathroom, living room, and a bonus room
Four‑plex built in 1951 with brick construction and a porch
Window and wall/window unit cooling throughout and electric stove/oven provided
Public sewer and fenced back yard
Zoned commercial, offering flexibility for future use

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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

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Updated: Jul 4

Fully Rented Duplex with Lake Views

34 Meigs Drive, Shalimar, FL 32579

$585,000

1,760 sqft 0.55 AC lot

Fully rented duplex with two 2‑bedroom, 2 full‑bath units
New roof completed in 2018
Unit A remodeled in 2018 down to the studs, with upgraded flooring, walls, updated appliances, and new fixtures
New HVAC for Unit A replaced in 2017; additional HVAC system replaced July 2022
New 150‑ft sewer line installed 4/2023

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Two-Story Duplex for Sale

161 S Booker Street, Crestview, FL 32536

$720,000

2,834 sqft 0.28 AC lot

Newly constructed two-story duplex designed with two 3-bedroom, 2.5-bath units, slated for completion by summer 2026.

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Single-Story Duplex Portfolio

816 Lark Street, Fort Walton Beach, FL 32547

$695,000

3,322 sqft 0.43 AC lot

Four single-story duplexes on two parcels offer eight rental units with dedicated parking and individual climate systems.

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Crestview Multifamily Investment Opportunity

507 Amos St, Crestview, FL 32539

$1,700,000

8,400 sqft

Stabilized 10-unit apartment building built in 2021.

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Duplex Portfolio with 8 Units

818 Lark Street, Fort Walton Beach, FL 32547

$575,000

2,750 sqft 0.47 AC lot

Fully occupied duplex portfolio with eight rental units across two parcels, each with dedicated parking and driveways.

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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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Income-Producing Six-Plex with Updates

22 Bobolink St NE, Fort Walton Beach, FL 32548

$880,000

2,816 sqft

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

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Mobile Home Park Investment

6222 Old Bethel Road, Crestview, FL 32536

$1,800,000

4.48 AC lot

Income-producing mobile home park in Crestview, Florida.

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Multifamily Property in Fort Walton

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

$1,075,000

0.32 AC lot

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

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Income-Producing Farm with Two Homes

6249 Highway 4, Baker, FL 32531

$730,000

12.50 AC lot

12.5-acre income-producing farm featuring two homes and multiple structures.

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Mobile Home and RV Park

4600 Wilkerson Bluff Rd, Holt, FL

$495,000

8.22 AC lot

Established mobile home and RV park on 8.57 acres.

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Mobile Home and RV Park

4600 Wilkerson Bluff Road, Holt, FL 32564

$495,000

8.57 AC lot

Established mobile home and RV park on 8.57 acres.

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Waterfront Residence on Okaloosa Island

480 Santa Rosa Boulevard, Fort Walton Beach, FL 32548

$35,000,000

68,389 sqft 1.57 AC lot

Exquisite waterfront residence with updated units and Gulf views.

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Fort Walton Beach Multifamily Portfolio

32 7th Ave, Shalimar, FL 32579

$1,975,000

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

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Fully-Occupied Multi-Family Investment Opportunity

816 Lark St 5, 6, 7, 8, Fort Walton Beach, FL 32547

$713,592

0.43 AC lot

Income-producing property with development potential in Ft Walton Beach, FL.

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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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Forest Shores Villas Interior Unit

38 Hatten Ct, Mary Esther, FL 32569

$299,900

0.04 AC lot

3-bedroom, 2.5-bath interior unit near Gulf Coast beaches.

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Modern Villa Near Santa Rosa Sound

36 Hatten Ct, Mary Esther, FL 32569

$299,900

0.04 AC lot

3-bedroom, 2.5-bath villa near beaches and Hurlburt Field.

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Modern Villa Near Santa Rosa

28 Hatten Ct, Mary Esther, FL 32569

$302,900

0.04 AC lot

3-bedroom villa near beaches, Hurlburt Field, and local amenities.

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Forest Shores Villas Interior Unit

32 Hatten Ct, Mary Esther, FL 32569

$302,900

0.04 AC lot

3-bedroom, 2.5-bathroom interior unit near Santa Rosa Sound.

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Forest Shores Villas Interior Unit

30 Hatten Ct, Mary Esther, FL 32569

$309,900

0.04 AC lot

3 bed, 2.5 bath villa near beaches and Hurlburt Field.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Okaloosa County, FL, we suggest to view alternatives - similar 50 Off-Market properties to explore as potential leads.

Off-Market Properties in Okaloosa County, FL

Consider similar Off-Market properties in Okaloosa County, 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.

APARTMENT HOUSE (UNDER 5 UNITS)

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

Value Estimation by Request

3,205 sqft 0.38 AC lot

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BOARDING/ROOMING HOUSE

2931 Scenic Hwy 98th, Destin, FL 32541-3597

Unit 209

Value Estimation by Request

364 sqft 0.86 AC lot

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Okaloosa County, FL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Okaloosa County, FL, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 93,876 square feet of properties for sale, with an estimated market value of $43,062,000.

Sale prices for multifamily properties in Okaloosa County, FL start at $397,000, averaging $4,784,666, 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.

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