Duplex with Vaulted
For Sale
$736,900
418 Narvaezi St, Venice, FL 34285
Two individually configured units offer flexible occupancy, rental, or personal-use arrangements near Venice Island amenities.
Property Size2,199 SF
Price / SF$335.11
Days on Market77
Property Features for 418 Narvaezi St
General Information
Standard status
Active
Size
2,199 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
patio
air conditioning
Building Details
Year Built
1990
Buildings
1
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exciterealtyflorida
Added: Jul 31
Changed: Oct 11
Last Checked: Oct 13 at 1:43AM
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 HOMECOIN.COM
Investment Insights
Based on property information with market context.
Located at 418 Narvaezi St in Venice, this 1990-built duplex presents two matching units, each with 2 bedrooms, 2 baths, a vaulted living-room ceiling, and an upstairs loft. Window blinds are installed throughout, while new AC units were added in 2024 and 2025. Each side includes a front paver patio and a rear concrete patio.
The property is on Venice Island, five blocks from Venice Beach and three blocks from historic downtown Venice, sports courts, and Centennial Park. The Venice Theatre is four blocks away, with Caspersen Beach, Sharkey’s, and the Venice Pier also nearby. The property has no HOA, deed, or lease restrictions. Supported use possibilities include year-round vacation rentals, occupying one unit while renting the other, or combining the units into a larger island residence. The rear area can accommodate a 7 x 14 foot lap pool.
The property is on Venice Island, five blocks from Venice Beach and three blocks from historic downtown Venice, sports courts, and Centennial Park. The Venice Theatre is four blocks away, with Caspersen Beach, Sharkey’s, and the Venice Pier also nearby. The property has no HOA, deed, or lease restrictions. Supported use possibilities include year-round vacation rentals, occupying one unit while renting the other, or combining the units into a larger island residence. The rear area can accommodate a 7 x 14 foot lap pool.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bath units, each featuring a vaulted living room and upstairs loft
- New AC units installed in 2024 and 2025
- Front paver patios and rear concrete patios serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,473
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,460
$449.5K
Cap Rate 7%
$321,043
$321.0K
Cap Rate 9%
$249,700
$249.7K
Market Conditions
NOI Build-Up for 2,199 SF
Gross rent
$35.6K $16.20/SF
− Vacancy
−$3.5K −$1.60/SF
EGI
$32.1K $14.60/SF
− OpEx
−$9.6K −$4.38/SF
NOI
$22.5K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,460
Cap Rate 7%
$321,043
Cap Rate 9%
$249,700
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.6K
NOI $22,473 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$286.1K
$250.3K – $333.8K
NOI $20,026 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$625.0K
$546.9K – $729.1K
NOI $43,748 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
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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 - Two individually configured units offer flexible occupancy, rental, or personal-use arrangements near Venice Island amenities.
Where is this duplex located?
The property is located at 418 Narvaezi St Venice, FL.
What is the asking price?
The asking price for this property is $736,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bath units, each featuring a vaulted living room and upstairs loft; New AC units installed in 2024 and 2025; Front paver patios and rear concrete patios serve both units
