Gulf Shore Boulevard Multifamily
For Sale
$355,000
1550 Gulf Shore Blvd N W2, Naples, FL 34102
Multifamily property on Gulf Shore Blvd, Naples, Florida.
Property Size817 SF
Days on Market320
Property Features for 1550 Gulf Shore Blvd N W2
General Information
Standard status
Active
Size
817 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,989
Building Details
Building Size
817 SF
Year Built
1963
Stories
1
Units
8
Listed By:
Tracy LeBaron
(239) 821-5162
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 28
Last Checked: Oct 12 at 7:18PM
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 Tracy LeBaron
Investment Insights
Based on property information with market context.
This multifamily property is located on Gulf Shore Boulevard North in Naples, Florida. The list price is $379,900.
Key Highlights
- Year Built: 1963
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,093
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,860
$221.9K
Cap Rate 7%
$158,471
$158.5K
Cap Rate 9%
$123,256
$123.3K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$21.3K $26.04/SF
− Vacancy
−$1.1K −$1.35/SF
EGI
$20.2K $24.69/SF
− OpEx
−$9.1K −$11.11/SF
NOI
$11.1K $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 Rate 5%
$221,860
Cap Rate 7%
$158,471
Cap Rate 9%
$123,256
Alternative Uses
Best Use
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,093 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.9K
$286.9K – $382.6K
NOI $22,953 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 34102, FL
10,496
Population
9,791
Households
1.1
Avg Household Size
64
Median Age
58%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
1,874
Density / Sq Mi
$115,927
Median Household Income
$57,254
Median Earnings
$1,491
Median Rent
$1,422,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property on Gulf Shore Blvd, Naples, Florida.
Where is this multifamily property located?
The property is located at 1550 Gulf Shore Blvd N W2 Naples, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Year Built: 1963; Price: $11
