Gulf-Access Waterfront Triplex with
For Sale
$900,000
108 San Salvador St, Naples, FL 34113
MULTI_FAMILY - Naples, FL
Property Size2,193 SF
Lot Size0.17 Acres
Price / SF$410.40
Days on Market52
Property Features for 108 San Salvador St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Interior features
Master Downstairs
Subdivision
Isles of Capri
View
Water
Standard status
Active
APN
52396560008
Size
2,193 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
7601
Utilities
Heating system
Forced Air, Electric (Heating)
Water front features
Waterfront
Water front
1
Amenities
shared laundry facility
Building Details
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
Coastal Signature Real Estate
(239) 484-8944
Listed By:
J. Sterling Bowers
(239) 484-8944
Added: Jun 13
Changed: Aug 1
Last Checked: Aug 3 at 1:06PM
MLS# 11830264
Copyright © 2026 My State MLS. 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.
108 San Salvador St in Naples, Florida offers a Gulf-access triplex set at the end of a quiet canal in the Isles of Capri. The property sits on an oversized 0.17-acre lot and contains 2,193 square feet across three one-bedroom, one-bath residences.
Inside each home, renovations include granite countertops, stainless steel appliances, soft-close custom cabinetry, modern tile flooring, and redesigned bathrooms with walk-in tiled showers and granite vanities. Two residences include a canal-front lanai accessed directly from the unit, with a patio feature also noted for outdoor space. The triplex is designed for convenience and flexibility, featuring private entrances, in-unit laundry in two residences, and a shared laundry facility in the garage.
Recent capital improvements include a new metal roof, brand-new driveway, newer HVAC systems, new water heaters, and freshly painted interiors. Heating is provided via forced air electric (heating), and the exterior is described as stucco.
Inside each home, renovations include granite countertops, stainless steel appliances, soft-close custom cabinetry, modern tile flooring, and redesigned bathrooms with walk-in tiled showers and granite vanities. Two residences include a canal-front lanai accessed directly from the unit, with a patio feature also noted for outdoor space. The triplex is designed for convenience and flexibility, featuring private entrances, in-unit laundry in two residences, and a shared laundry facility in the garage.
Recent capital improvements include a new metal roof, brand-new driveway, newer HVAC systems, new water heaters, and freshly painted interiors. Heating is provided via forced air electric (heating), and the exterior is described as stucco.
Key Highlights
- 0.17‑acre lot with 2,193 SF Gulf‑access waterfront triplex at the end of a quiet canal
- Three one‑bedroom, one‑bath residences with private entrances
- Two units open to a canal‑front lanai, with a patio feature
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $22.20 |
| − Vacancy | −$2.4k | −$1.10 |
| EGI | $46.3k | $21.10 |
| − OpEx | −$13.9k | −$6.33 |
| NOI | $32.4k | $14.77 |
2,193 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex on a waterfront canal with private entrances, canal-front lanai, and updated interiors and systems.
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: 0.17‑acre lot with 2,193 SF Gulf‑access waterfront triplex at the end of a quiet canal; Three one‑bedroom, one‑bath residences with private entrances; Two units open to a canal‑front lanai, with a patio feature
