Duplex with Bay Views and Hot
For Sale
$624,900
1881 Danford St, Naples, FL 34112
MULTI_FAMILY - Other - NAPLES, FL
Property Size1,800 SF
Price / SF$347.17
Days on Market47
Property Features for 1881 Danford St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Spa
1
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Boat Ramp
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Subdivision
BAYVIEW
Lot features
Across From Waterfront, Cul-De-Sac, Dead End, Across From Waterfront, Cul-De-Sac, Dead End
Standard status
Active
APN
61330520008
Size
1,800 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NAPLES BAYVIEW LOT 17
Tax Annual Amount
2558
Legal Description
NAPLES BAYVIEW LOT 17
Utilities
Heating system
Electric (Heating), Central
Cooling system
Zoned, Ceiling Fan(s)
Building Details
Year built
1981
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile
Building materials
Concrete Block, Wood Frame, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
VIP Realty Group, Inc.
(239) 489-1100
Listed By:
Amy Ashby · License #NAPLES-249501890
(239) 734-7734
Added: Jun 22
Changed: Aug 3
Last Checked: Aug 7 at 7:06AM
MLS# 226023741
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 duplex at 1881 Danford St in Naples is built for flexible living and short-term rental use, with two distinct levels and direct outdoor connectivity. The lower level features a 1-bedroom, 2-bath layout with direct access to the hot tub and outdoor living areas. The upstairs level includes a 2-bedroom, 1-bath residence with a bonus sleeping den, supported by two spacious lanais and a rear balcony with views toward the bay.
The home offers electric heating with central heating, zoned cooling, ceiling fans, and wood and tile flooring. Exterior features include a fenced yard, patio space, and an accessible approach with ramp. Construction consists of concrete block, wood frame, and stucco, with a shingle roof. Amenities include a hot tub and abundant parking, plus a carport large enough for a boat.
Situated in Naples’ Bayshore area, the property is near the Windstar community and close to a bayfront park with public boat ramps, fishing, and waterfront green space, along with nearby recreation and local attractions.
The home offers electric heating with central heating, zoned cooling, ceiling fans, and wood and tile flooring. Exterior features include a fenced yard, patio space, and an accessible approach with ramp. Construction consists of concrete block, wood frame, and stucco, with a shingle roof. Amenities include a hot tub and abundant parking, plus a carport large enough for a boat.
Situated in Naples’ Bayshore area, the property is near the Windstar community and close to a bayfront park with public boat ramps, fishing, and waterfront green space, along with nearby recreation and local attractions.
Key Highlights
- Built in 1981 with concrete block, wood frame, and stucco construction
- Hot tub with lower level direct access to outdoor living areas
- Lower level: 1 bedroom, 2 baths; upstairs: 2 bedrooms, 1 bath plus bonus sleeping den
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
$26,590
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
4.26%
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%
$531,800
$531.8K
Cap Rate 7%
$379,857
$379.9K
Cap Rate 9%
$295,444
$295.4K
Market Conditions
NOI Build-Up for 1,800 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
$40.0K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.0K $21.10/SF
− OpEx
−$11.4K −$6.33/SF
NOI
$26.6K $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%
$531,800
Cap Rate 7%
$379,857
Cap Rate 9%
$295,444
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$722.4K
$632.1K – $842.8K
NOI $50,570 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
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
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 - Duplex built in 1981 offering a hot tub, two lanais, and a flexible upper and lower level living layout.
Where is this duplex located?
The property is located at 1881 Danford St Naples, FL.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Built in 1981 with concrete block, wood frame, and stucco construction; Hot tub with lower level direct access to outdoor living areas; Lower level: 1 bedroom, 2 baths; upstairs: 2 bedrooms, 1 bath plus bonus sleeping den
