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    The Largest CRE Database in the US with Over 1 Million Listings

    605/609 107Th Ave N Naples, FL 34108

    Sponsored
    For Sale
    $1,850,000

    MULTI_FAMILY - Ranch - NAPLES, FL

    Type:Duplex
    Property size:
    4,000 SF
    Lot size:
    0.25 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 24 at 5:06 pm

    Property Features for 605/609 107Th Ave N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    RMF-6
    Rooms
    Bathroom 5, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1
    Bedrooms
    6
    Bathrooms
    5
    APN
    62575440007
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Pool private
    1
    Fencing
    Fenced
    Size
    4,000 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s), Electric

    Building Details

    Year built
    2022
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Concrete Block, Stucco
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Holly Fagan

    COLDWELL BANKER Residential Real Estate, LLC (239) 262-7131

    Listing agent Holly Fagan, PA (239) 262-7131

    Listing date Feb 24, 2026

    MLS# 225068109 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Designer Turnkey Duplex in Naples

    This designer turnkey duplex, built in 2022, is located in the highly desirable 600 block of Naples Park. Situated in an X-500 flood zone, this property offers nearly 4,000 sq. ft. of luxurious living space with a total of 6 bedrooms and 6 bathrooms. Each side of the duplex features approximately 2,000 sq. ft. with 3 bedrooms and 3 bathrooms. The property includes two private saltwater pools with sun shelves and two oversized garages. Interior features include 48" x 24" tile flooring, soaring 10' and 12' ceilings, quartz countertops, white shaker cabinetry, KITCHENAID appliances, seamless glass showers, oversized closets, and full laundry rooms with sinks. Each side is completely turnkey with designer coastal furnishings. Impact windows and sliders are installed throughout. The property allows nightly rentals and has no HOA fees. The outdoor living areas feature privacy walls and coastal-inspired finishes. This property is within walking distance to Delnor-Wiggins State Park, Vanderbilt Beach, the Mercato for dining and entertainment, and the Ritz Carlton Beach Resort. Beach club, yacht club, and private golf opportunities are available nearby. The property is suitable to live in one side and rent the other, lease both sides for exceptional income, or enjoy as a large family compound. It is an incredible investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.8131702
    Latitude
    26.268925

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    FAQs

    What type of property is this?
    Duplex - Luxurious duplex near Vanderbilt Beach, perfect for investment or living.
    Where is this duplex located?
    The property is located at 605/609 107Th Ave N Naples, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Turnkey Duplex built in 2022: Ready for immediate occupancy or rental income.; - Enjoy **two private saltwater pools with sun shelves**.; - Located in the highly desirable 600 block of Naples Park, walking distance to beaches, dining, and entertainment.
    (239) 248-1200
    Request Owner's contact information
    605/609 107Th Ave N Naples, FL 34108
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    Naples, FL 34108
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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
    605/609 107Th Ave N Naples, FL 34108
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    We can help!
    Listing Contact
    Holly Fagan
    (239) 248-1200 (239) 262-7131
    Learn more
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