816 Lark Street #5, 6, 7, 8, Fort Walton Beach, FL 32547
Local realty services provided by:CENTURY 21 AllPoints Realty
816 Lark Street #5, 6, 7, 8,Fort Walton Beach, FL 32547
$695,000
- 9 Beds
- 6 Baths
- 3,322 sq. ft.
- Single family
- Active
Listed by: tamela leann hayes, amanda l reaves
Office: coldwell banker realty
MLS#:976432
Source:FL_ECAR
Price summary
- Price:$695,000
- Price per sq. ft.:$209.21
About this home

Prime Investment Opportunity - Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment.
Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership.
This portfolio includes two parcels (816 & 818 Lark St - see MLS #976434) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality.
Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping.
Conveniently located just 2 minutes from Eglin Air Force Base and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities -- making it highly attractive to both military and civilian tenants.
Both parcels are offered together The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term.
This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy....
Contact an agent
Home facts
- Year built:1982
- Listing ID #:976432
- Added:1 day(s) ago
- Updated:July 06, 2026 at 01:47 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:11
- Kitchen Description:Refrigerator, Stove/Oven Electric
- Living area:3,322 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1982
- Building area:3,322 sq. ft.
- Lot area:0.43 Acres
- Lot Features:Interior, Level
- Architectural Style:Duplex
- Exterior Features:Yard Building
Schools
- High school:Choctawhatchee
- Middle school:Pryor
- Elementary school:Kenwood
Utilities
- Water:Public Water
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$209.21
- Tax amount:$4,009 (2024)
Features and amenities
- Appliances:Refrigerator, Stove/Oven Electric
Parking
- Garage:Yes
- Garage spaces:1
New listings near 816 Lark Street #5, 6, 7, 8
- New
$170,000Active2 beds 2 baths896 sq. ft.611 Center Street #UNIT 10, Fort Walton Beach, FL 32547
MLS# 1006908Listed by: ALL AMERICAN REALTY AND INVESTMENT GROUP PLLC
$384,900Pending3 beds 2 baths1,544 sq. ft.284 NE Beachview Drive, Fort Walton Beach, FL 32547
MLS# 1006557Listed by: COLDWELL BANKER REALTY- New
$369,900Active4 beds 2 baths1,700 sq. ft.138 NW Virginia Drive, Fort Walton Beach, FL 32548
MLS# 1006904Listed by: CHRISTIES INTERNATIONAL REAL ESTATE EMERALD COAST - New
$299,700Active2 beds 2 baths1,048 sq. ft.1199 Witshire Court, Fort Walton Beach, FL 32547
MLS# 1006898Listed by: WORLD IMPACT REAL ESTATE - New
$730,000Active3 beds 2 baths1,241 sq. ft.282 Kidd Street, Fort Walton Beach, FL 32548
MLS# 1006891Listed by: RUCKEL PROPERTIES INC - New
$309,900Active3 beds 3 baths1,562 sq. ft.105 Duloft Street, Fort Walton Beach, FL 32547
MLS# 1006879Listed by: BAY LIVING INC - New
$214,000Active2 beds 2 baths1,029 sq. ft.308 Miracle Strip Pkwy Sw #10A, Fort Walton Beach, FL 32548
MLS# 1006661Listed by: COASTAL REALTY SERVICES - New
$549,999Active4 beds 4 baths2,387 sq. ft.901 Holbrook Circle, Fort Walton Beach, FL 32547
MLS# 1006870Listed by: DREAM TEAM REALTY OF NW FLORIDA LLC - New
$549,999Active4 beds 4 baths2,387 sq. ft.903 Holbrook Circle, Fort Walton Beach, FL 32547
MLS# 1006871Listed by: DREAM TEAM REALTY OF NW FLORIDA LLC