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    418 Narvaezi St Venice, FL 34285

    View on Map
    Sponsored
    For Sale
    $767,900

    Duplex - VENICE, FL

    Type:Duplex
    Property size:
    2,199 SF
    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 11 at 9:06 pm

    Property Features for 418 Narvaezi St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Security features
    Security Alarm, Security Lighting, Smoke Detector(s)
    Zoning
    RMF1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    0175090031
    Parking features
    Carport, Covered, Off Street
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Vaulted Ceiling(s)
    Exterior features
    Level, Paved, Rain Gutters, Sliding Doors, Storage, Security Fence, Security Lights
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Washer
    Size
    2,199 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Exhaust Fan (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Frame, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    homecoin.com (888) 400-2513

    Listing agent Jonathan Minerick (888) 400-2513 License #3477996

    Listing date Mar 11, 2026

    MLS# TB8484806 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Venice Island Duplex Opportunity

    This 2199 square foot duplex is located on Venice Island and offers a variety of possibilities. The property consists of two units, each featuring 1100 sq ft of living space, two bedrooms, two bathrooms, a vaulted ceiling in the living room, and an upstairs loft. Blinds are installed on all windows. Each unit has a large paver patio in the front and a concrete patio in the back. New AC units were installed in 2024 and 2025. The RMF1 zoning allows for year-round vacation rentals, providing an investment opportunity. Alternatively, one unit can be owner-occupied while renting out the other for additional income, or used as a winter residence. Remodeling to create a larger home is another option. There is even room for a 7 x 14 foot lap pool in the back. The property is located five blocks from Venice Beach and within 3 to 5 blocks of sports courts for tennis, pickleball, basketball, and shuffleboard, as well as the shops and restaurants of historic downtown Venice. Centennial Park, offering concerts and festivals, is also nearby. The Venice Theater is four blocks away. The location provides convenient access to Venice Island festivals, art shows, the Holiday Parade, and the Holiday Boat Parade.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bell Service Group ... General Contractor

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.451702
    Latitude
    27.103003

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    FAQs

    What type of property is this?
    Duplex - Charming duplex on Venice Island with rental and remodeling potential.
    Where is this duplex located?
    The property is located at 418 Narvaezi St Venice, FL.
    What is the asking price?
    The asking price for this property is $767,900.
    What are key features of this property?
    This property features: - Prime Venice Island location: Just blocks from Venice Beach, downtown shops/restaurants, Centennial Park, Venice Theater, and sports courts.; - Duplex with income potential: Live in one unit and rent the other, or use as year-round vacation rentals.; - No HOA, Deed, or Lease Restrictions: Offers maximum flexibility for usage and rental options.
    (888) 400-2513
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    418 Narvaezi St Venice, FL 34285
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    Venice, FL 34285
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    418 Narvaezi St Venice, FL 34285
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    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 01523060
    (888) 400-2513 (404) 388-9441 (678) 472-9268
    Learn more
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