700 N Palm Blvd, Niceville, FL 32578

Niceville
Local realty services provided by:ERA American Real Estate
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
  • Subdivision & Development:None
  • Listing ID #:674157
  • Added:264 day(s) ago
  • Updated:August 16, 2026 at 03:05 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:5
  • Flooring:Tile, Vinyl
  • Kitchen Description:Dishwasher, Electric Water Heater, Refrigerator
  • Living area:7,052 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:1985
  • Building area:7,052 sq. ft.
  • Lot Features:Central Access
  • Construction Materials:Frame
  • Foundation Description:Slab
  • Levels:2 Story

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

Features and amenities

  • Amenities:Baseboards, Blinds, Cable Available, Ceiling Fan(s), Double Pane Windows, Electric Water Heater, High Speed Internet, Smoke Detector(s), Storage

Parking

  • Parking description:1 Space/Unit, Guest
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