The invention relates to a multifunctional photoelectric detection instrument and a target position observing and determining method implemented by the same. The multifunctional photoelectric detection instrument comprises refrigerating 
infrared sensors, a 
laser range finder, a visible light channel, a GPS (
global positioning system) module, a magnetic 
compass, a comprehensive 
information processing unit, a 
power module and a control panel, the comprehensive 
information processing unit is respectively connected with the refrigerating 
infrared sensors, the 
laser range finder, the GPS module, the magnetic 
compass, the display module and the control panel, and the visible light channel is connected onto the 
laser range finder. The method includes methods for observing a target via the visible light channel, a method for observing the target and determining target direction via the refrigerating 
infrared sensor and a method for automatically solving coordinates of the target position. The multifunctional photoelectric detection instrument and the target position observing and determining method have the advantages that the target is detected and positioned by a single person, and images, the direction, the distance and position information of the target are accurately provided in real time. Besides, the various sensors are integrated, a 
miniaturization design is adopted, portability is high, and single-
person detection capacity and 
information acquisition capacity are improved.