First-Floor Residential Income
For Sale
$279,900
1380 Sweetwater Cv, Naples, FL 34110
Residential, Duplex, NAPLES, FL
Property Size1,279 SF
Price / SF$218.84
Days on Market231
Property Features for 1380 Sweetwater Cv
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Den
Parking
1
Parking features
Assigned, Guest, Carport
Window features
Window Coverings
Interior features
Fire Sprinkler, Pantry, Smoke Detectors, Walk-In Closet(s), Window Coverings
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Washer
Subdivision
SWEETWATER BAY
Lot features
Zero Lot Line, Zero Lot Line
Standard status
Active
APN
76270022046
Size
1,279 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SWEETWATER BAY IX AT STERLING OAKS A CONDOMINIUM BLDG 30-102
Tax Annual Amount
2383
HOA Fee
$11,728 Annually
Legal Description
SWEETWATER BAY IX AT STERLING OAKS A CONDOMINIUM BLDG 30-102
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
new floors
new A/C
new recessed LED lighting
carport
storage space
hurricane shutters
granite countertops
raised panel cabinets
tall arched doors
brick pavers in lanai
gated community
Junior Olympic heated pool
hot tub
tiki bar
fitness center
clubhouse with bar/restaurant
sauna
cabana bar
bocce courts
pickleball courts
tennis courts
Building Details
Year built
2006
Floors in Building
1
Number of units
8
Flooring type
Vinyl
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
DomainRealty.com LLC
(239) 301-4301
Listed By:
Rose Krause · License #NAPLES-258017394
(239) 207-9892
Added: Jan 15
Changed: Aug 24
Last Checked: Sep 3 at 4:06AM
MLS# 226002458
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.
Investment Insights
Based on property information with market context.
This first-floor residential income property offers 1,279 square feet with two bedrooms, a den, two bathrooms, and a separate laundry room. Recent improvements include new flooring throughout, recessed LED lighting, and a new A/C installed in 5/2024. The interior also features granite countertops, raised-panel cabinetry, arched doors, pantry storage, walk-in closet space, window coverings, and hurricane shutters. A carport is positioned near the entry, with assigned and guest parking also available.
The residence is located at 1380 Sweetwater Cv in Naples, Florida, within a gated community identified as being in an X500 flood zone. Community amenities include a heated Junior Olympic pool, hot tub, clubhouse with bar and restaurant, fitness center with locker rooms and sauna, cabana bar, bocce, and pickleball courts. An optional tennis membership provides access to 12 clay courts.
The residence is located at 1380 Sweetwater Cv in Naples, Florida, within a gated community identified as being in an X500 flood zone. Community amenities include a heated Junior Olympic pool, hot tub, clubhouse with bar and restaurant, fitness center with locker rooms and sauna, cabana bar, bocce, and pickleball courts. An optional tennis membership provides access to 12 clay courts.
Key Highlights
- 1,279 square feet with two bedrooms, a den, two bathrooms, and a separate laundry room
- New A/C installed in 5/2024 and new flooring throughout
- Granite countertops, raised‑panel cabinets, recessed LED lighting, and hurricane shutters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,300
$347.3K
Cap Rate 7%
$248,071
$248.1K
Cap Rate 9%
$192,944
$192.9K
Market Conditions
NOI Build-Up for 1,279 SF
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.
Gross rent
$33.3K $26.04/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$31.6K $24.69/SF
− OpEx
−$14.2K −$11.11/SF
NOI
$17.4K $13.58/SF
Area
Collier County, FL
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,300
Cap Rate 7%
$248,071
Cap Rate 9%
$192,944
Alternative Uses
Best Use
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,365 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.3K
$449.2K – $598.9K
NOI $35,932 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 34110, FL
24,093
Population
18,394
Households
1.3
Avg Household Size
63
Median Age
52%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
1,506
Density / Sq Mi
$95,275
Median Household Income
$58,470
Median Earnings
$2,068
Median Rent
$529,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with a den, private lanai, carport, and access to extensive gated-community amenities.
Where is this residential income property located?
The property is located at 1380 Sweetwater Cv Naples, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,279 square feet with two bedrooms, a den, two bathrooms, and a separate laundry room; New A/C installed in 5/2024 and new flooring throughout; Granite countertops, raised‑panel cabinets, recessed LED lighting, and hurricane shutters
