4-Unit Ranch
New
For Sale
$995,000
2779 Tropicana Blvd, Naples, FL 34116
Residential Income, 1 Story/Ranch, NAPLES, FL
Property Size3,328 SF
Lot Size0.36 Acres
Price / SF$298.98
Days on Market4
Property Features for 2779 Tropicana Blvd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMF-12
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8
Pets allowed
Yes
Fencing
Fenced
Subdivision
GOLDEN GATE CITY
Lot features
Regular, Regular
Standard status
Active
APN
36446200001
Size
3,328 SF
Lot size
0.36 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
GOLDEN GATE UNIT 7 BLK 249 LOT 28
Tax Annual Amount
6694
Legal Description
GOLDEN GATE UNIT 7 BLK 249 LOT 28
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Well
Amenities
fenced backyard
Building Details
Year built
1999
Number of units
4
Flooring type
Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Buildings
1
Listing Agency:
Xclusive Homes LLC
Listed By:
Wally Perez
(239) 228-6242
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 12:06PM
MLS# 226039849
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 3,328-square-foot ranch-style quadplex contains four two-bedroom, one-bathroom units, each with tiled floors. One residence has been remodeled and includes stainless steel appliances. The property also features a fenced backyard, a shingle roof, and central heating and air conditioning. A new roof is identified for 2026. Built in 1999, the building sits on a 0.36-acre lot and is served by well water and a septic system.
Grocery, dining, banking, and shopping destinations are within a short walk. Long-term tenants are in place, and the property is zoned RMF-12.
Grocery, dining, banking, and shopping destinations are within a short walk. Long-term tenants are in place, and the property is zoned RMF-12.
Key Highlights
- Four units, each with two bedrooms and one bathroom
- 3,328 square feet on a 0.36‑acre lot
- New roof identified for 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,162
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,240
$983.2K
Cap Rate 7%
$702,314
$702.3K
Cap Rate 9%
$546,244
$546.2K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$73.9K $22.20/SF
− Vacancy
−$3.6K −$1.10/SF
EGI
$70.2K $21.10/SF
− OpEx
−$21.1K −$6.33/SF
NOI
$49.2K $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%
$983,240
Cap Rate 7%
$702,314
Cap Rate 9%
$546,244
Alternative Uses
Best Use
Multifamily LT 5
$702.3K
$614.5K – $819.4K
NOI $49,162 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$645.5K
$564.8K – $753.1K
NOI $45,185 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,498 @ 7.0% cap · market cap 9.40%
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
532
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 - Each residence offers two bedrooms, one bathroom, and tiled flooring, with RMF-12 zoning.
Where is this quadplex located?
The property is located at 2779 Tropicana Blvd Naples, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one bathroom; 3,328 square feet on a 0.36‑acre lot; New roof identified for 2026
