Renovated Duplex with Fenced
For Sale
$789,000
1781 Smugglers Cv, Naples, FL 34112
Updated two-unit property with private outdoor space, off-street parking, and flexible leasing options.
Property Size1,620 SF
Price / SF$487.04
Days on Market50
Property Features for 1781 Smugglers Cv
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Sun Realty
Listed By:
Ernesto Sampedro · License #NAPLES-277015506
(239) 465-6747
Source:
Naplespropertyguide
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 2:26PM
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 Sun Realty
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Investment Insights
Based on property information with market context.
This 1,620-square-foot duplex in Naples was built in 1969 and recently renovated. Improvements include a 2021 roof and new mini-split systems. The property is partially furnished, with each unit offering a private, fully fenced backyard. Off-street parking is also available.
Located at 1781 Smugglers Cv in the Royal Harbor area, the duplex sits at the end of a cul-de-sac. Downtown Naples, 5th Avenue South, Naples Bay, Gordon River, restaurants, shops, and entertainment are within walking distance, while the beach is 1.5 miles away. The property is not subject to an HOA and is presented for use as two vacation or seasonal rentals, annual leases, or an owner-occupied arrangement with the other unit leased.
Located at 1781 Smugglers Cv in the Royal Harbor area, the duplex sits at the end of a cul-de-sac. Downtown Naples, 5th Avenue South, Naples Bay, Gordon River, restaurants, shops, and entertainment are within walking distance, while the beach is 1.5 miles away. The property is not subject to an HOA and is presented for use as two vacation or seasonal rentals, annual leases, or an owner-occupied arrangement with the other unit leased.
Key Highlights
- 1,620‑square‑foot duplex in Naples
- Recently renovated with a 2021 roof
- New mini‑split systems in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,931
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,620
$478.6K
Cap Rate 7%
$341,871
$341.9K
Cap Rate 9%
$265,900
$265.9K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$36.0K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$34.2K $21.10/SF
− OpEx
−$10.3K −$6.33/SF
NOI
$23.9K $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 Rate 5%
$478,620
Cap Rate 7%
$341,871
Cap Rate 9%
$265,900
Alternative Uses
Best Use
Multifamily LT 5
$341.9K
$299.1K – $398.9K
NOI $23,931 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$650.2K
$568.9K – $758.6K
NOI $45,513 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
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Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with private outdoor space, off-street parking, and flexible leasing options.
Where is this duplex located?
The property is located at 1781 Smugglers Cv Naples, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 1,620‑square‑foot duplex in Naples; Recently renovated with a 2021 roof; New mini‑split systems in both units
