Exceptional Investment Opportunity - Fully-Occupied Multi-Family Properties!This is your chance to secure a rare, income-producing property with incredible potential. Located in an unincorporated tax district of Fort Walton Beach, Florida, this investment offers valuable tax advantages and added flexibility for future development or management.Comprised of two 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 with a combined kitchen and living area, covered back patios, and washer/dryer hookups. Private parking is available for each unit, enhanced by streetlamp lighting for added safety. Seller only interested in selling both parcels together. 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.
For sale
Price cut: $738.6K (5/30)
$611,408
818 Lark St #1-2-4, Fort Walton Beach, FL 32547
8beds
2,750sqft
Est.:
Attached Single Unit, Duplex
Built in 1982
-- sqft lot
$-- Zestimate®
$222/sqft
$-- HOA
What's special
Two-bedroom one-bath apartmentsPrivate parkingCovered back patiosSingle-story duplexesLarge-screened porchPremium unit
- 83 days
- on Zillow |
- 686 |
- 68 |
Zillow last checked: 7 hours ago
Listing updated: July 14, 2025 at 04:34am
Listed by:
Tamela Leann Hayes 850-259-6404,
Coldwell Banker Realty,
Amanda L Reaves 850-797-0927,
Coldwell Banker Realty
Source: ECAOR,MLS#: 976434
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bedroom
- Level: First
Bathroom
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric, Wall/Window Unit(s)
Appliances
- Included: Self Cleaning Oven, Range Hood, Refrigerator, Gas Range, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bedroom, Dining Room, Full Bathroom, Living Room
- Windows: Window Treatmnt Some
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Property
Parking
- Total spaces: 1
- Parking features: See Remarks
- Garage spaces: 1
Features
- Stories: 1
- Pool features: None
Lot
- Size: 0.47 Acres
Details
- Parcel number: 261S24095000030050
- Zoning description: County,Resid Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Attached Single Unit, Duplex
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Roof Composite Shngl
Condition
- Construction Complete
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Forest Heights
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $222/sqft
- Annual tax amount: $3,223
- Date on market: 5/19/2025
- Total actual rent: 8740
- Electric utility on property: Yes
- Road surface type: Paved
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