Renovated Quadplex with Screened
1795 55th Ter SW, Naples, FL 34116
For Sale
New
$930,000
Four individually metered residences combine private outdoor space with in-unit laundry connections.
Property Size3,720 SF
Days on Market2
Property Features for 1795 55th Ter SW
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private screened-in lanais
laundry connections
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listed By:
Frederick Haas, Jr
(239) 703-3079
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:40PM
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 Frederick Haas, Jr
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Investment Insights
Based on property information with market context.
This 1987 concrete block quadplex contains four matching 2-bedroom, 2-bathroom residences, each with 930 square feet of living area. Interior details include vaulted ceilings, exposed beams, tile flooring, and a screened lanai for each unit. All four residences have been renovated within the last few years, and each includes laundry connections. Water and electricity are separately metered, with tenants responsible for their own utility costs.
Three units are currently leased; the remaining unit is vacant and may be leased or occupied by an owner. The property is located at 1795 55th Ter SW in Naples, Florida. Its walk score is 52 and its bike score is 48, each described as somewhat walkable or somewhat bikeable, respectively.
Three units are currently leased; the remaining unit is vacant and may be leased or occupied by an owner. The property is located at 1795 55th Ter SW in Naples, Florida. Its walk score is 52 and its bike score is 48, each described as somewhat walkable or somewhat bikeable, respectively.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units, each with 930 square feet
- Concrete block construction; built in 1987
- Vaulted ceilings, exposed beams, tile flooring, and a screened lanai in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,953
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,060
$1.1M
Cap Rate 7%
$785,043
$785.0K
Cap Rate 9%
$610,589
$610.6K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$82.6K $22.20/SF
− Vacancy
−$4.1K −$1.10/SF
EGI
$78.5K $21.10/SF
− OpEx
−$23.6K −$6.33/SF
NOI
$55.0K $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%
$1,099,060
Cap Rate 7%
$785,043
Cap Rate 9%
$610,589
Alternative Uses
Best Use
Multifamily LT 5
$785.0K
$686.9K – $915.9K
NOI $54,953 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$721.5K
$631.3K – $841.8K
NOI $50,507 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,510 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 34116, FL
31,538
Population
11,081
Households
2.8
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
3,391
Density / Sq Mi
$69,204
Median Household Income
$35,573
Median Earnings
$1,663
Median Rent
$392,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually metered residences combine private outdoor space with in-unit laundry connections.
Where is this quadplex located?
The property is located at 1795 55th Ter SW Naples, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units, each with 930 square feet; Concrete block construction; built in 1987; Vaulted ceilings, exposed beams, tile flooring, and a screened lanai in each unit
