Quadplex with Screened
2001 55th Ter SW, Naples, FL 34116
For Sale
$975,000
Pending
Residential Income, 2 Story, NAPLES, FL
Property Size4,068 SF
Lot Size0.40 Acres
Days on Market62
Property Features for 2001 55th Ter SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Pets allowed
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Premiere Plus Realty Company
Listed By:
Woody Woodruff · License FL #249514649
(239) 732-7837
Added: Sep 9
Changed: Oct 23
Last Checked: Nov 9 at 11:06PM
MLS# 226032397
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.
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Investment Insights
Based on property information with market context.
This two-story quadplex contains 4,068 square feet across four two-bedroom apartments. Two upper-level units have one-and-a-half bathrooms; the two ground-floor units each have one bathroom. Every apartment includes tile flooring, a galley kitchen, a large living and dining room, a screened lanai, and a laundry closet. The building has concrete block and stucco construction, central heating and air conditioning, and a shingle roof. It was built in 1980 and is served by a well and septic system.
The property occupies a 0.4-acre corner lot with a large parking area. The roof was replaced in 2018, and the septic system was replaced in 2016. Zoning is RMF-12.
The property occupies a 0.4-acre corner lot with a large parking area. The roof was replaced in 2018, and the septic system was replaced in 2016. Zoning is RMF-12.
Key Highlights
- Four two‑bedroom units in a 4,068‑square‑foot, two‑story building
- Two upper units have 1.5 bathrooms; two lower units have 1 bathroom each
- Each apartment has a screened lanai, laundry closet, galley kitchen, and tiled floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,094
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,880
$1.2M
Cap Rate 7%
$858,486
$858.5K
Cap Rate 9%
$667,711
$667.7K
Market Conditions
NOI Build-Up for 4,068 SF
Gross rent
$90.3K $22.20/SF
− Vacancy
−$4.5K −$1.10/SF
EGI
$85.8K $21.10/SF
− OpEx
−$25.8K −$6.33/SF
NOI
$60.1K $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%
$1,201,880
Cap Rate 7%
$858,486
Cap Rate 9%
$667,711
Alternative Uses
Best Use
Multifamily LT 5
$858.5K
$751.2K – $1.00M
NOI $60,094 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,232 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,287 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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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 two-bedroom apartments offer tiled interiors, galley kitchens, and separate living and dining areas.
Where is this quadplex located?
The property is located at 2001 55th Ter SW Naples, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four two‑bedroom units in a 4,068‑square‑foot, two‑story building; Two upper units have 1.5 bathrooms; two lower units have 1 bathroom each; Each apartment has a screened lanai, laundry closet, galley kitchen, and tiled floors
