Concrete-Block
2485 Bayside ST, Naples, FL 34112
For Sale
$449,900
Both residences are occupied under existing leases and include private rear patios.
Property Size1,200 SF
Price / SF$374.92
Days on Market122
Property Features for 2485 Bayside ST
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Current Property Management
(239) 877-1699
Listed By:
Josh Yelensky · License FL #249521225
(239) 450-9126
Source:
Mdmnaplesrealestate
Added: Jul 13
Changed: Nov 7
Last Checked: Nov 9 at 8:36PM
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 Current Property Management
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Investment Insights
Based on property information with market context.
This 1,200-square-foot duplex was built in 1971 with concrete-block construction. Each of its two residences has two bedrooms, one bathroom, and a rear patio. Flooring, kitchens, and bathrooms have received updates over time. The property also has a partially fenced backyard with fruit trees, and both units are occupied with leases in place. Tenants have been in place for 7+ years.
The property is near Bayshore Drive and downtown Naples, with shopping, dining, and I-75 also identified among nearby destinations.
The property is near Bayshore Drive and downtown Naples, with shopping, dining, and I-75 also identified among nearby destinations.
Key Highlights
- 1,200‑square‑foot duplex built in 1971
- Concrete‑block construction
- Two 2‑bedroom, 1‑bathroom residences, each with a rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,727
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,540
$354.5K
Cap Rate 7%
$253,243
$253.2K
Cap Rate 9%
$196,967
$197.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.6K $22.20/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$25.3K $21.10/SF
− OpEx
−$7.6K −$6.33/SF
NOI
$17.7K $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%
$354,540
Cap Rate 7%
$253,243
Cap Rate 9%
$196,967
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.6K – $295.5K
NOI $17,727 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,293 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$481.6K
$421.4K – $561.9K
NOI $33,713 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,385
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
$293,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Naples, FL
Properties on Market for Duplexes in Naples
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under existing leases and include private rear patios.
Where is this duplex located?
The property is located at 2485 Bayside ST Naples, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,200‑square‑foot duplex built in 1971; Concrete‑block construction; Two 2‑bedroom, 1‑bathroom residences, each with a rear patio
