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    Income-Producing Triplex in Naples Title is generated by Realmo AI

    2431 Washington Ave, Naples, FL 34112

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    Picture of Triplexes at 2431 Washington Ave, Naples, FL
    For Sale
    $750,000

    MULTI_FAMILY - Other - NAPLES, FL

    Lot size:
    0.17 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    152
    Last Refresh:
    May 19 at 11:06 am

    Property Features for 2431 Washington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RMF-6
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
    Pets allowed
    Yes
    Standard status
    Active
    APN
    51690520004
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2875

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1969
    Number of units
    3
    Flooring type
    Terrazzo
    Building materials
    Concrete Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jm Arguelles Ortiz

    Listing agent Jm Arguelles Ortiz

    Listing office Xclusive Homes LLC 5425 Golden Gate Pkwy Ste 4, Naples, FL

    Listing date Dec 18, 2025

    MLS# 225083666 Listing URL

    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.

    HighLights

    • Income‑producing triplex with strong rental income potential.
    • Desirable Naples location with convenient access to amenities.
    • Three separate units: two 2‑bedroom/1‑bath and one 1‑bedroom/1‑bath.
    • Flexible rental options: long‑term, seasonal, or multi‑generational living.
    • Consistent rental demand in the area for excellent cash flow.
    • Concrete block and stucco construction with shingle roof.

    Overview

    This property is an income-producing triplex located in Naples, Florida. The property features three separate units: two units with 2 bedrooms and 1 bathroom each, and one unit with 1 bedroom and 1 bathroom. The units have functional layouts with independent living spaces. The property is located in an established neighborhood with convenient access to shopping, dining, schools, major roadways, downtown Naples, and area beaches. The property is zoned RMF-6. The lot size is 0.17 acres. This triplex is suitable for investors seeking multiple income streams, owner-occupants looking to live in one unit and rent the others, or portfolio expansion in a strong Naples rental market. The property offers excellent cash-flow potential and long-term value due to consistent rental demand in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.775367
    Latitude
    26.1323003

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    FAQs

    What type of property is this?
    Triplex - Triplex with strong income potential in a desirable Naples location.
    Where is this triplex located?
    The property is located at 2431 Washington Ave Naples, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Income‑producing triplex with strong rental income potential.; Desirable Naples location with convenient access to amenities.; Three separate units: two 2‑bedroom/1‑bath and one 1‑bedroom/1‑bath.
    (239) 877-7101
    We can help!
    Listing Contact
    Jm Arguelles Ortiz
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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