Updated Duplex with Metal
For Sale
$519,900
Pending
2197 46th Ter SW, Naples, FL 34116
Front and side fencing accompany a spacious area suitable for parking multiple vehicles.
Property Size1,550 SF
Days on Market315
Property Features for 2197 46th Ter SW
General Information
Standard status
Pending
Size
1,550 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
Xclusive Homes LLC
Listed By:
Javier Canizares · License #NAPLES-249514596
(239) 777-3643
Source:
Napleshomesearches
Added: Dec 2, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:14PM
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 Xclusive Homes LLC
Investment Insights
Based on property information with market context.
Built in 1984, this duplex has received interior and exterior paint updates along with a recently installed metal roof. The property also includes fencing along the front and side boundaries, while the rear fence line is maintained by the adjoining neighbor. A spacious front area provides room for parking multiple vehicles.
The property is located at 2197 46th Ter SW in Naples, Florida 34116. Its duplex configuration and recent exterior improvements provide a straightforward residential income property profile with clearly defined site features.
The property is located at 2197 46th Ter SW in Naples, Florida 34116. Its duplex configuration and recent exterior improvements provide a straightforward residential income property profile with clearly defined site features.
Key Highlights
- Duplex built in 1984
- Interior and exterior recently painted
- New metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,897
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,940
$457.9K
Cap Rate 7%
$327,100
$327.1K
Cap Rate 9%
$254,411
$254.4K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$34.4K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.7K $21.10/SF
− OpEx
−$9.8K −$6.33/SF
NOI
$22.9K $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%
$457,940
Cap Rate 7%
$327,100
Cap Rate 9%
$254,411
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
558
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Front and side fencing accompany a spacious area suitable for parking multiple vehicles.
Where is this duplex located?
The property is located at 2197 46th Ter SW Naples, FL.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Duplex built in 1984; Interior and exterior recently painted; New metal roof
