Four-Unit Residential Income
For Sale
$1,049,900
3365 Estey AVE, Naples, FL 34104
Two adjacent duplexes provide four 1-bedroom, 1-bath residences with on-site private parking and recent unit updates.
Property Size2,400 SF
Price / SF$437.46
Days on Market99
Property Features for 3365 Estey AVE
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,024
Amenities
private screened lanais
Building Details
Building Size
2,400 SF
Year Built
1972
Listing Agency:
Alfred Robbins Realty Group
(239) 529-6064
Listed By:
Mario Furillo
(239) 399-5842
Source:
Alfredrobbins
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 26 at 6:01PM
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 Alfred Robbins Realty Group
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Investment Insights
Based on property information with market context.
This property features two adjacent duplex buildings totaling four residences, each configured as a 1-bedroom, 1-bath home. Several units have been updated with herringbone-pattern tile flooring, quartz countertops, modern cabinetry, stainless steel appliances, renovated bathrooms, and new windows. The updates also include energy-efficient mini-split A/C systems and on-demand water heaters. Select units offer private screened lanais, and the buildings provide private on-site parking for residents.
The roofs were replaced in 2006 and are reported to be in good condition. The property is located in central Naples, just minutes from Downtown Naples, Fifth Avenue South, Naples’ beaches, Celebration Park, Publix, shopping, dining, and major conveniences.
As presented, the asset is positioned as a well-maintained, income-producing residential investment with continued room for further improvement to enhance long-term value.
The roofs were replaced in 2006 and are reported to be in good condition. The property is located in central Naples, just minutes from Downtown Naples, Fifth Avenue South, Naples’ beaches, Celebration Park, Publix, shopping, dining, and major conveniences.
As presented, the asset is positioned as a well-maintained, income-producing residential investment with continued room for further improvement to enhance long-term value.
Key Highlights
- Two adjacent duplexes with four 1‑bedroom, 1‑bath residences (total 4 units)
- Several units updated with herringbone‑pattern tile flooring, quartz countertops, modern cabinetry, and stainless steel appliances
- Renovated bathrooms, new windows, energy‑efficient mini‑split A/C, and on‑demand water heaters in select units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,454
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,080
$709.1K
Cap Rate 7%
$506,486
$506.5K
Cap Rate 9%
$393,933
$393.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$2.6K −$1.10/SF
EGI
$50.6K $21.10/SF
− OpEx
−$15.2K −$6.33/SF
NOI
$35.5K $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%
$709,080
Cap Rate 7%
$506,486
Cap Rate 9%
$393,933
Alternative Uses
Best Use
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,454 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$465.5K
$407.3K – $543.1K
NOI $32,585 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$963.2K
$842.8K – $1.12M
NOI $67,426 @ 7.0% cap · market cap 6.42%
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
838
Businesses Nearby
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Business Placement
Demographics for 34104, FL
25,485
Population
16,062
Households
1.6
Avg Household Size
53
Median Age
33%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
2,574
Density / Sq Mi
$70,301
Median Household Income
$40,680
Median Earnings
$1,742
Median Rent
$348,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent duplexes provide four 1-bedroom, 1-bath residences with on-site private parking and recent unit updates.
Where is this duplex located?
The property is located at 3365 Estey AVE Naples, FL.
What is the asking price?
The asking price for this property is $1,049,900.
What are key features of this property?
This property features: Two adjacent duplexes with four 1‑bedroom, 1‑bath residences (total 4 units); Several units updated with herringbone‑pattern tile flooring, quartz countertops, modern cabinetry, and stainless steel appliances; Renovated bathrooms, new windows, energy‑efficient mini‑split A/C, and on‑demand water heaters in select units
