Exceptional Investment Opportunity - Fully-Occupied Multi-Family

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Home For Sale

818 Lark Street unit: 1, 2, 3, 4

Fort Walton Beach, Florida 32547

Okaloosa County

Community: FOREST HEIGHTS

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$586,405 8 br, 4.0 bath 2750 sq. ft. 0.470 acres

Exceptional Investment Opportunity - Fully-Occupied Multi-Family Properties! This is your chance to secure a rare, income-producing property with incredible potential. Located in the county, this investment offers valuable tax advantages and added flexibility for future development or managementprised of 2 parcels (818 and 816 Lark Street - see MLS#976432) with a total of four single-story duplexes and 8 individual units. Seven units are two-bedroom, one-bath apartments w/ a combined kitchen and living area, covered back patios & washer/dryer hookups. All units have individual central heat & air. The property has a concrete driveway with individual parking pads, enhanced by streetlamp lighting for added safety. Seller only interested in selling both parcels together ($1.299,000) One premium unit includes 3 bedrooms, 3 bathrooms, a garage, and a large-screened porch. Additionally, there is an onsite storage/utility shed. This property is fully-occupied ensuring immediate cash flow. Conveniently located just 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, with top shopping and dining just minutes away. With its multi-family zoning, unincorporated tax district location, and turnkey condition, this property is a true standout. Don't miss out! call today for more details. One premium unit includes 3 bedrooms, 3 bathrooms, a garage, and a large-screened porch. Additionally, there is an onsite storage/utility shed. **Seller will consider owner financing with the following terms: $500,000 down. Payment would be based on a 30-year amortization with a balloon payment in 3 years. Potential income of $9115.00 per month. Proof of payment for taxes and insurance would need to be provided yearly.**

Interior:
  • Bedrooms: 8
  • Baths: 4.0
  • Sq Ft: 2750
  • Year Built: 1982
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Central
  • Garage: 
Exterior:
  • Lot Size: 0.470 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Brick
  • Roof: 
  • Property Taxes: $3,224
  • MLS #: 976434
  • Unit Number: 1, 2, 3, 4
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Contact Information:
Beach Home For Sale in Fort Walton Beach, Florida
Listing Agent: Tamela Leann Hayes, Coldwell Banker Realty, 850-259-6404, 850-863-4563 Listing Site, Listing Status: Active
Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6193104
Viewed 120 times.
Updated: Dec 04, 2025

This property is a Home located at 818 Lark Street unit: 1, 2, 3, 4, Fort Walton Beach, Florida 32547, and is currently For Sale at $586,405. This Home has 8 bedrooms, 4.0 baths, 2750 sq ft.