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    Fort Walton Beach, FL Residential Income Properties for Sale

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    Four-Plex in Prime Location
    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
    View Property Analytics
    Turnkey Duplex Investment Property
    Updated: Jul 6
    Turnkey Duplex Investment Property

    89 Eccles Road, Fort Walton Beach, FL 32547

    $725,000
    3,148 sqft
    Duplex under construction (2026) with two units already having tenants in place
    Each unit features 1,574 sq ft of heated and cooled living space with 3 bedrooms and 3.5 bathrooms
    Each unit includes a one‑car garage and a spacious laundry room with washer and dryer
    Modern finishes in both units: luxury vinyl plank flooring, quartz countertops, stainless steel appliances, soft‑close cabinetry, and privacy blinds
    Each unit has its own private fenced backyard with an irrigation system
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    New Duplex Under Construction
    New Duplex Under Construction

    507 Scott Lane, Fort Walton Beach, FL 32547

    $650,000
    3,192 sqft

    Duplex under construction with two units, each featuring 3 bedrooms, 2.5 baths, and a 2-car garage.

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    Duplex-Included Multifamily Portfolio
    Duplex-Included Multifamily Portfolio

    818 Lark Street, Fort Walton Beach, FL 32547

    $575,000
    2,750 sqft 0.47 AC lot

    Two parcels with four single-story duplexes totaling eight units, all described as currently occupied.

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    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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    Eight-Unit Duplex Portfolio
    Eight-Unit Duplex Portfolio

    816 Lark Street, Fort Walton Beach, FL 32547

    $695,000
    3,322 sqft 0.43 AC lot

    Two parcels with four single-story duplexes provide eight rental units, including central heat and air and covered patios.

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    Residential Rebuild Lot
    Residential Rebuild Lot

    1216 Thomason Drive, Fort Walton Beach, FL 32547

    $70,000
    0.18 AC lot

    Residential lot at 1216 Thomason Drive with a burned house and brick exterior reportedly in decent condition.

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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

    $1,075,000
    0.32 AC lot

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

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    13-Unit Apartment Community
    13-Unit Apartment Community

    210 Nw Dates Avenue, Fort Walton Beach, FL 32548

    $1,500,000

    Built in 1983 with durable CBS block construction, the property features an all-2BD/1BA unit mix.

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

    22 Bobolink St NE, Fort Walton Beach, FL 32548

    Contact for pricing
    2,816 sqft

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

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    10-Unit Multifamily Investment
    10-Unit Multifamily Investment

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

    $1,075,000

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

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    Waterfront Residence on Okaloosa Island
    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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    Waterfront Condo with Modern Amenities
    Waterfront Condo with Modern Amenities

    Fort Walton Beach, FL 32548

    $199,900
    625 sqft

    Well-maintained waterfront condo with new features and community amenities.

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    Fully-Occupied Multi-Family Investment Opportunity
    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
    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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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 15 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 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 Rented Duplex with Lake Views
    Fully Rented Duplex with Lake Views

    34 Meigs Drive, Shalimar, FL 32579

    $585,000
    1,760 sqft 0.55 AC lot

    A fully rented two-unit duplex featuring remodeled interiors, lake views, and recent major systems upgrades.

    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
    Harbor Village Mixed-Use Building
    Harbor Village Mixed-Use Building

    220 Harbor Blvd, Destin, FL 32541

    Contact for pricing
    21,120 sqft 1.00 AC lot

    Renovated mixed-use building with retail and residential units.

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

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

    $4,500,000
    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

    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.

    Waterfront Mixed-Use Land Assemblage
    Waterfront Mixed-Use Land Assemblage

    54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $6,950,000
    2.47 AC lot

    Two contiguous waterfront parcels with MX-2 mixed-use zoning and frontage on both the Sound and Miracle Strip Parkway.

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    Waterfront Land in Poquito Bayou
    Waterfront Land in Poquito Bayou

    15 Poquito Road, Shalimar, FL 32579

    $975,000
    0.79 AC lot

    Rare 0.8-acre waterfront sanctuary with 145+ feet of frontage.

    View details
    Destin, FL Building Lot
    Destin, FL Building Lot

    Kelly Street, Destin, FL 32541

    $215,000
    0.17 AC lot

    Vacant lot in Destin, build your dream home!

    View details
    Destin Land Near Joe's Bayou
    Destin Land Near Joe's Bayou

    4 Lots First Street, Destin, FL 32541

    $699,900
    0.56 AC lot

    Four residential lots in Destin, near Joe's Bayou.

    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

    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    705 sqft 3.92 AC lot
    View details

    Fort Walton Beach, FL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Fort Walton Beach, FL, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 87,847 square feet of properties for sale, with an estimated market value of $46,485,492.

    Sale prices for residential income properties in Fort Walton Beach, FL start at $70,000, averaging $3,320,392, 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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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 14
    Apartment buildings 8
    Duplexes 4
    Quadplexes 1
    Short term rental properties 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
    32547 $1.3M
    32548 $5.8M

    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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