Tenant-Occupied Ranch Duplex with Fenced
For Sale
$795,000
1400 Rosemary Ln, Naples, FL 34103
MULTI_FAMILY - Ranch - NAPLES, FL
Property Size1,820 SF
Lot Size0.34 Acres
Price / SF$436.81
Days on Market126
Property Features for 1400 Rosemary Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 3
Pets allowed
Yes
Fencing
Fenced
Subdivision
ROSEMARY HEIGHTS
Standard status
Active
APN
70971240000
Size
1,820 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROSEMARY HGTS N 150FT OF LOT 37 OR 2008 PG 1917
Tax Annual Amount
5823
Legal Description
ROSEMARY HGTS N 150FT OF LOT 37 OR 2008 PG 1917
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Wall Unit(s), Central Air, Electric
Building Details
Year built
1970
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Kristen Weardon
(239) 370-7908
Added: Apr 13
Changed: Aug 13
Last Checked: Aug 16 at 6:06AM
MLS# 226015655
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.
Ranch-style duplex on Rosemary Ln featuring two tenant-occupied units. Unit one is a spacious three-bedroom, two-bath residence with central A/C and a private fenced yard. Unit two offers two bedrooms and one bath, along with a generously sized side yard.
The property sits on a 0.34-acre lot and totals 1,820 square feet. Construction includes concrete block and stucco, with tile flooring. Heating includes central and electric systems, and cooling is electric with central air, ceiling fans, and wall unit(s). The roof is shingle, and the property is fenced.
Built in 1970, this duplex provides established rental occupancy in a compact, functional layout designed to support two separate households under one roof.
The property sits on a 0.34-acre lot and totals 1,820 square feet. Construction includes concrete block and stucco, with tile flooring. Heating includes central and electric systems, and cooling is electric with central air, ceiling fans, and wall unit(s). The roof is shingle, and the property is fenced.
Built in 1970, this duplex provides established rental occupancy in a compact, functional layout designed to support two separate households under one roof.
Key Highlights
- Tenant‑occupied duplex with two rental units
- Three‑bedroom, two‑bath unit with central A/C and private fenced yard
- Two‑bedroom, one‑bath unit with a generously sized side yard
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
$26,886
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
3.38%
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%
$537,720
$537.7K
Cap Rate 7%
$384,086
$384.1K
Cap Rate 9%
$298,733
$298.7K
Market Conditions
NOI Build-Up for 1,820 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
$40.4K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.4K $21.10/SF
− OpEx
−$11.5K −$6.33/SF
NOI
$26.9K $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 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%
$537,720
Cap Rate 7%
$384,086
Cap Rate 9%
$298,733
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.1K
NOI $26,886 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$353.0K
$308.9K – $411.9K
NOI $24,711 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$730.4K
$639.1K – $852.2K
NOI $51,131 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 34103, FL
11,822
Population
10,443
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
3,031
Density / Sq Mi
$115,262
Median Household Income
$57,831
Median Earnings
$2,039
Median Rent
$938,200
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?
Duplex - Ranch duplex with tenant-occupied units, fenced yard, and central A/C in Naples, FL.
Where is this duplex located?
The property is located at 1400 Rosemary Ln Naples, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with two rental units; Three‑bedroom, two‑bath unit with central A/C and private fenced yard; Two‑bedroom, one‑bath unit with a generously sized side yard
