Excellent Investment Opportunity! This well-maintained triplex in Fort Walton Beach offers strong rental income potential. Units 1 and 3 each feature 2 bedrooms and 1 bathroom, while Unit 2 includes 1 bedroom, 1 bathroom, and a small bonus room--perfect for an office or extra storage. All three units are two-story layouts and include a covered entryway, indoor laundry room, and open patio with a private fenced yard. Conveniently located just 0.3 miles from Highway 98, this property combines comfort, functionality, and a prime location ideal for tenants. Unit #1 was updated Aug '25 and is vacant. Unit #2 is renewed on a 1 year lease and includes updates to the bathroom. Unit #3 is occupied and has no updates.
For sale
$479,900
40 Wright Pkwy NW #A, Fort Walton Beach, FL 32548
5beds
2,478sqft
Est.:
Attached Single Unit, Triplex
Built in 1977
-- sqft lot
$-- Zestimate®
$194/sqft
$-- HOA
What's special
Indoor laundry roomTwo-story layoutsCovered entryway
- 6 hours
- on Zillow |
- 61 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: 18 hours ago
Listed by:
Joe J Capelotti 850-217-8060,
Coastal Realty Services
Source: ECAOR,MLS#: 982835
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Dishwasher, Refrigerator, Electric Range, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bedroom, Kitchen, Living Room
- Flooring: Vinyl, Carpet
Interior area
- Total structure area: 2,478
- Total interior livable area: 2,478 sqft
Property
Features
- Stories: 2
- Patio & porch: Patio Open
- Pool features: None
- Fencing: Privacy
Lot
- Size: 5,100 Square Feet
- Dimensions: 75 x 68
- Features: Dead End
Details
- Parcel number: 092S2418600003007A
- Zoning description: City,Resid Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Attached Single Unit, Triplex
- Attached to another structure: Yes
Materials
- Frame, Siding Brick Some, Wood Siding, Trim Wood
- Roof: Roof Composite Shngl
Condition
- Construction Complete
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Oakland Addn
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $194/sqft
- Date on market: 8/11/2025
- Lease term: 7 - 12 Months
- Total actual rent: 1255
- Electric utility on property: Yes
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