Renovated Gulf-Access
For Sale
$900,000
108 San Salvador St, Naples, FL 34113
Three one-bedroom residences combine private entries with shared and in-unit laundry options.
Property Size2,193 SF
Price / SF$410.40
Days on Market8
Property Features for 108 San Salvador St
General Information
Standard status
Active
Size
2,193 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
canal-front lanai
private entrances
in-unit laundry
shared laundry facility
Lot Size Acres: 0.17
Metal Roof
Total Taxes: $7,601, Percentage of Tax that is Deductable: 0
Garage Type: Attached, 2 Garage Spaces
Has Central AC: 1
Forced Air Heating, Electric Heat Fuel
Kitchen
Sale, Sale Type: Foreclosure
3 Bedrooms
One Story
Neighborhood Name: Isles of Capri, Subdivision Name: Isles of Capri
Property Zone Type: 100, Above Area Square Feet: 2193, Street View, Canal View, Water View
3 Full Baths
Family Room
Waterfront Property, Canal Waterfront, Waterfront Access, Waterfront Dock Rights
Construction Type: Masonry - Concrete Block, Patio
Stucco Siding
Oven, Refrigerator, Dishwasher, Microwave, Stainless Steel Appliances
Building Details
Buildings
1
Listing Agency:
Coastal Signature Real Estate
Listed By:
J. Sterling Bowers
(239) 484-8944
Source:
Doyle-realty
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 14 at 7:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Signature Real Estate
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Investment Insights
Based on property information with market context.
This 1967 triplex contains three one-bedroom, one-bath residences, each with granite countertops, stainless steel appliances, custom soft-close cabinetry, tile flooring and updated bathrooms with walk-in tiled showers. Two units connect to a canal-front lanai. Private entrances serve each residence; two have in-unit laundry, and a shared laundry facility is located in the garage. Improvements include a metal roof, driveway, newer HVAC systems, water heaters and freshly painted interiors.
The property sits on a canal with direct Gulf access, about a five-minute boat ride from the open Gulf. Downtown Naples and Marco Island are described as minutes away. The location also has a bike score of 25 and a walk score of 0.
The property sits on a canal with direct Gulf access, about a five-minute boat ride from the open Gulf. Downtown Naples and Marco Island are described as minutes away. The location also has a bike score of 25 and a walk score of 0.
Key Highlights
- Three one‑bedroom, one‑bath residences
- Direct Gulf access; approximately five minutes by boat to the open Gulf
- Two units open to a canal‑front lanai
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,396
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,920
$647.9K
Cap Rate 7%
$462,800
$462.8K
Cap Rate 9%
$359,956
$360.0K
Market Conditions
NOI Build-Up for 2,193 SF
Gross rent
$48.7K $22.20/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$46.3K $21.10/SF
− OpEx
−$13.9K −$6.33/SF
NOI
$32.4K $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 Rate 5%
$647,920
Cap Rate 7%
$462,800
Cap Rate 9%
$359,956
Alternative Uses
Best Use
Multifamily LT 5
$462.8K
$405.0K – $539.9K
NOI $32,396 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,775 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$880.2K
$770.1K – $1.03M
NOI $61,611 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences combine private entries with shared and in-unit laundry options.
Where is this triplex located?
The property is located at 108 San Salvador St Naples, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath residences; Direct Gulf access; approximately five minutes by boat to the open Gulf; Two units open to a canal‑front lanai
