Duplex with Screened
For Sale
$368,400
2036 Wellington St, Naples, FL 34120
Residential, Duplex, NAPLES, FL
Property Size1,417 SF
Lot Size0.13 Acres
Price / SF$259.99
Days on Market30
Property Features for 2036 Wellington St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 1, Den, Bathroom 1, Bedroom 2, Bedroom 3
Parking
2
Patio and Porch features
Porch, Patio
Interior features
Foyer, Pantry, Smoke Detectors
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker
Subdivision
ORANGE BLOSSOM RANCH
Lot features
Regular, Regular
Standard status
Active
APN
69039004500
Size
1,417 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RANCH AT ORANGE BLOSSOM PHASE 2A LOT 198
Tax Annual Amount
4495
HOA Fee
$2,772 Annually
Legal Description
RANCH AT ORANGE BLOSSOM PHASE 2A LOT 198
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2020
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Yadely Perichi Serven
(239) 240-1463
Added: Jul 30
Changed: Aug 24
Last Checked: Aug 28 at 7:06AM
MLS# 226027094
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 1,417-square-foot duplex in Naples was built in 2020 on a 0.13-acre lot. The residence offers an open layout with 3 bedrooms, 2 bathrooms, a den, foyer, pantry, and laundry room, along with a 2-car garage. Concrete-block and stucco construction, a tile roof, central heating and cooling, and a mix of wood and tile flooring are included.
Outdoor space features a screened lanai, patio, porch, and pergola area suited to dining or casual gatherings. The kitchen includes a range, refrigerator with icemaker, microwave, dishwasher, disposal, and dryer. The property is situated in a gated community near schools, restaurants, shopping centers, and major roads.
Outdoor space features a screened lanai, patio, porch, and pergola area suited to dining or casual gatherings. The kitchen includes a range, refrigerator with icemaker, microwave, dishwasher, disposal, and dryer. The property is situated in a gated community near schools, restaurants, shopping centers, and major roads.
Key Highlights
- 1,417 square feet on a 0.13‑acre lot
- Duplex built in 2020
- 3 bedrooms and 2 bathrooms with a 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
$20,932
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
5.68%
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%
$418,640
$418.6K
Cap Rate 7%
$299,029
$299.0K
Cap Rate 9%
$232,578
$232.6K
Market Conditions
NOI Build-Up for 1,417 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
$31.5K $22.20/SF
− Vacancy
−$1.6K −$1.10/SF
EGI
$29.9K $21.10/SF
− OpEx
−$9.0K −$6.33/SF
NOI
$20.9K $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 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%
$418,640
Cap Rate 7%
$299,029
Cap Rate 9%
$232,578
Alternative Uses
Best Use
Multifamily LT 5
$299.0K
$261.7K – $348.9K
NOI $20,932 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$274.8K
$240.5K – $320.7K
NOI $19,239 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 34120, FL
41,026
Population
17,778
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
87%
High-School Grad
140.8 sq mi
ZIP Area
291
Density / Sq Mi
$90,695
Median Household Income
$43,959
Median Earnings
$2,067
Median Rent
$456,300
Median Home Value
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?
Duplex - Concrete-block residence in a gated Naples community with tile and wood flooring.
Where is this duplex located?
The property is located at 2036 Wellington St Naples, FL.
What is the asking price?
The asking price for this property is $368,400.
What are key features of this property?
This property features: 1,417 square feet on a 0.13‑acre lot; Duplex built in 2020; 3 bedrooms and 2 bathrooms with a den
