700 N Palm Blvd, Niceville, FL 32578

Local realty services provided by:ERA Legacy Realty
700 N Palm Blvd,Niceville, FL 32578
$1,500,000
  • 2 Beds
  • 1 Baths
  • 7,052 sq. ft.
  • Multi-family
  • Active
Listed by: andy powell
Office: keller williams realty gulf coast
MLS#:674157
Source:FL_PMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$212.71

About this home

Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents. Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired. Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homes—making it an ideal opportunity for both seasoned investors and developers. Located just down the road from Northwest Florida State College and

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Home facts

  • Year built:1985
  • Listing ID #:674157
  • Added:53 day(s) ago
  • Updated:January 08, 2026 at 04:29 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:7,052 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1985
  • Building area:7,052 sq. ft.

Schools

  • High school:Local School In County
  • Middle school:LOCAL SCHOOL IN COUNTY
  • Elementary school:Local School In County

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$212.71
The information being provided by Pensacola Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Pensacola Association Of REALTORS®. ERA Legacy Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA Legacy Realty, a broker participant of Pensacola Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Pensacola Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Pensacola Association Of REALTORS®. All rights reserved.

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