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$1,150,000 -$140,000 (-10.85%) Price Reduced

  • For Sale
  • Active
  • Commercial
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This 10-unit multifamily property offers a strong income stream in one of Fort Walton Beach's most convenient locations. Each unit features a 1-bedroom, 1-bathroom layout, ideal for long-term tenants or short-term conversion. Located just minutes from major employers, shopping centers, and the beautiful Gulf Coast beaches, this property maintains high occupancy and consistent cash flow. The property is professionally managed and offers low overhead, making it perfect for both hands-off investors or owner-operators. With a current monthly income of $9,225, there is also potential for future rent increases in a growing rental market.

Full Property Details for 14 NW Cape Dr #A-J

General

  • Price: $1,150,000
  • Status: Active
  • Type: Commercial
  • Source: Emerald_Coast
  • MLS ID: 992065
  • Updated: 4/13/2026
  • Added to Site: 101 day(s) ago

Location

  • Area: 12 - Fort Walton Beach
  • County: Okaloosa
  • Driving Directions: From Eglin Parkway, head north and turn left onto Racetrack Road. Continue to Beal Parkway NW and turn right. After about half a mile, turn left onto Cape Drive NW. 14 Cape Dr will be on your left. The drive takes around 5-10 minutes depending on traffic.

Lot Features

  • Lot Size (Acres): 0.32
  • Lot Size (Sq. Ft.): 13,939.2
  • Lot Dimensions: 100 x 140

Disclosures and Reports

  • Special Conditions: Real Estate Owned
  • Legal Description: OAKLAND ADD LOTS 12 BLK 2
  • APN: 09-2S-24-1860-0002-0120
  • Property ID: 09-2S-24-1860-0002-0120

Listed by Endless Horizons Realty Inc

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Listing agent

— 14 NW Cape Dr #A-J —

  • Endless Horizons Realty Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 14 NW Cape Dr #A-J

School District:Okaloosa County School District
NameGradesDistance
Annette P. Edwins Elementary School
7 Wright Parkway Southwest, Fort Walton Beach, FL 32548
PK-50.3 mi
Max Bruner Junior Middle School
322 Holmes Boulevard Northwest, Fort Walton Beach, FL 32548
6-80.5 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-120.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14 NW Cape Dr #A-J Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Price Reduced
$1,150,000
-10.85%
MLS
1/28/2026
Price Reduced
$1,290,000
-0.77%
MLS
1/03/2026
Listed
$1,300,000
420%
MLS
6/14/2002
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14 NW Cape Dr #A-J

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,350
-2%
$320,899
-2%
2024
$4,432
3%
$326,879
2%
2023
$4,300
-7%
$320,614
29%
2021
$4,608
-6%
$248,309
-16%
2022
$4,923
7%
$296,456
29%
2021
$4,608
36%
$230,594
11%
2019
$3,398
10%
$208,000
10%
2018
$3,103
11%
$189,091
10%
2017
$2,789
10%
$171,901
9%
2016
$2,544
1%
$157,597
3%
2015
$2,530
-5%
$153,201
-4%
2014
$2,666
7%
$159,834
7%
2013
$2,498
—
$148,760
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 14 NW Cape Dr #A-J

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Endless Horizons Realty Inc

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14 NW Cape Drive #A-J, Fort Walton Beach, FL 32548 (MLS# 992065) is a Commercial property. 14 NW Cape Drive #A-J is currently listed for $1,150,000 and was received on January 03, 2026. Want to learn more about 14 NW Cape Drive #A-J? Do you have questions about finding other Commercial real estate for sale in Fort Walton Beach? You can browse all Fort Walton Beach real estate or contact a Coldwell Banker agent to request more information.

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