Two-Story Concrete Block
For Sale
$975,000
2001 55th Ter SW, Naples, FL 34116
Residential Income, 2 Story, NAPLES, FL
Property Size4,068 SF
Lot Size0.40 Acres
Price / SF$239.68
Days on Market18
Property Features for 2001 55th Ter SW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMF-12
Bedrooms
8
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 5, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 4, Bedroom 3
Pets allowed
Yes
Subdivision
GOLDEN GATE CITY
Lot features
Corner Lot, Corner Lot
Standard status
Active
APN
36304640004
Size
4,068 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GOLDEN GATE UNIT 6 BLK 188 LOT 31
Tax Annual Amount
6624
Legal Description
GOLDEN GATE UNIT 6 BLK 188 LOT 31
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Well
Amenities
screened lanai
large parking lot
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Woody Woodruff · License #NAPLES-249514649
(239) 287-8123
Added: Sep 9
Changed: Sep 21
Last Checked: Sep 26 at 5:06AM
MLS# 226032397
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1980, this two-story quadplex contains four residential units within a 4,068-square-foot building on 0.4 acres. The upper-level apartments each offer two bedrooms and one and a half baths, while the first-floor apartments each include two bedrooms and one bath. All units feature tile flooring, galley kitchens, oversized living and dining areas, screened lanais, and laundry closets.
The property is constructed with concrete block and stucco and uses central air conditioning and electric heat. A shingle roof was replaced in 2018, and the septic system was replaced in 2016. Water is supplied by a well, with wastewater handled by a septic tank. The corner-lot setting includes a large parking area, and the property carries RMF-12 zoning.
The property is constructed with concrete block and stucco and uses central air conditioning and electric heat. A shingle roof was replaced in 2018, and the septic system was replaced in 2016. Water is supplied by a well, with wastewater handled by a septic tank. The corner-lot setting includes a large parking area, and the property carries RMF-12 zoning.
Key Highlights
- Four‑unit quadplex on 0.4 acres
- 4,068‑square‑foot building constructed in 1980
- Unit mix includes two 2‑bedroom, 1.5‑bath apartments and two 2‑bedroom, 1‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,880
$1.2M
Cap Rate 7%
$858,486
$858.5K
Cap Rate 9%
$667,711
$667.7K
Market Conditions
NOI Build-Up for 4,068 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.3K $22.20/SF
− Vacancy
−$4.5K −$1.10/SF
EGI
$85.8K $21.10/SF
− OpEx
−$25.8K −$6.33/SF
NOI
$60.1K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,880
Cap Rate 7%
$858,486
Cap Rate 9%
$667,711
Alternative Uses
Best Use
Multifamily LT 5
$858.5K
$751.2K – $1.00M
NOI $60,094 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,232 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,287 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 34116, FL
31,538
Population
11,081
Households
2.8
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
3,391
Density / Sq Mi
$69,204
Median Household Income
$35,573
Median Earnings
$1,663
Median Rent
$392,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - RMF-12-zoned corner property with four residential units, screened lanais, tiled interiors, and a large parking area.
Where is this quadplex located?
The property is located at 2001 55th Ter SW Naples, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit quadplex on 0.4 acres; 4,068‑square‑foot building constructed in 1980; Unit mix includes two 2‑bedroom, 1.5‑bath apartments and two 2‑bedroom, 1‑bath apartments
