Gulf-Access
New
For Sale
$900,000
108 San Salvador St, Naples, FL 34113
Residential Income, Naples, FL
Property Size2,193 SF
Lot Size0.17 Acres
Price / SF$410.40
Days on Market5
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 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 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
Electric (Heating), Forced Air
Water front features
Waterfront
Water front
1
Amenities
canal-front lanai
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) 307-8332
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 5:06PM
MLS# 12005569
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.
This three-unit property contains 2,193 square feet on a 0.17-acre lot along a canal with direct Gulf access. Each apartment has one bedroom and one bathroom. Interior finishes include granite counters, stainless steel appliances, custom cabinetry, tile floors, and updated bathrooms with tiled showers. Two units connect to a canal-facing lanai, and each residence has a private entrance.
Laundry is provided inside two apartments, with an additional shared facility in the garage. Property improvements include a metal roof, a replacement driveway, newer HVAC systems, water heaters, and refreshed interior paint. The building is constructed with stucco and has a patio.
Laundry is provided inside two apartments, with an additional shared facility in the garage. Property improvements include a metal roof, a replacement driveway, newer HVAC systems, water heaters, and refreshed interior paint. The building is constructed with stucco and has a patio.
Key Highlights
- Triplex with three one‑bedroom, one‑bath residences
- 2,193 square feet on a 0.17‑acre lot
- Canal frontage with direct Gulf access
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.
How Realmo checks its estimates
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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
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments include private entrances, with in-unit laundry in two residences.
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: Triplex with three one‑bedroom, one‑bath residences; 2,193 square feet on a 0.17‑acre lot; Canal frontage with direct Gulf access
