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    Duplex with Lofted Living Areas Title is generated by Realmo AI

    418 NARVAEZI STREET, Venice, FL 34285

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    For Sale
    $736,900

    Duplex - VENICE, FL

    Type:Duplex
    Property size:
    2,199 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $335/SF
    Added:
    Mar 10, 2026
    Days on Market:
    90
    Last Refresh:
    Jun 7 at 11:06 pm

    Property Features for 418 NARVAEZI STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RMF1
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Covered, Off Street
    Security features
    Security Alarm, Security Lighting, Smoke Detector(s)
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Vaulted Ceiling(s)
    Exterior features
    Level, Paved, Rain Gutters, Sliding Doors, Storage, Security Fence, Security Lights
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    0175090031
    Size
    2,199 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4231

    Utilities

    Heating system
    Central, Electric (Heating), Exhaust Fan (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Frame, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #3477996

    Listing office HOMECOIN.COM 600 B St., San Diego, FL

    Listing date Mar 10, 2026

    MLS# TB8484806 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Venice Island location: Just blocks from Venice Beach, downtown shops/restaurants, Centennial Park, Venice Theater, and sports courts.
    • Duplex with income potential: Live in one unit and rent the other, or use as year‑round vacation rentals.
    • No HOA, Deed, or Lease Restrictions: Offers maximum flexibility for usage and rental options.
    • Two units, each with 2 beds/2 baths, vaulted ceilings, and lofts: Provides comfortable living spaces.
    • New AC units (2024/2025): Ensures efficient and reliable climate control.
    • Outdoor living: Features large paver patios in front and concrete patios in back of both units, with room for a lap pool.

    Overview

    This duplex provides two separate 2-bedroom, 2-bath units, each approximately 1,100 square feet. The living rooms feature vaulted ceilings and each unit includes an upstairs loft, along with blinds on all windows. Outdoor space includes large paver patios at the front and concrete patios at the back for both units. New air conditioning units were installed in 2024 and 2025, supporting comfortable year-round use.

    Located on Venice Island in Venice, Florida, the property is positioned near area beaches and island amenities referenced in the listing. Venice Beach is described as about five blocks away, and Casperson Beach, Sharkey’s, and the Pier are described as only a few minutes away. The listing also notes historic downtown Venice is about 3 blocks away, with nearby sports courts and Centennial Park within the area described.

    Zoned RMF1, this is a practical fit for buyers seeking a straightforward duplex setup with the option to occupy one side while renting the other, or to operate both units as income-producing rentals. The listing specifically states there are no HOA dues, no deed restrictions, and no lease restrictions, which may simplify how an owner chooses to manage occupancy and use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bell Service Group ... General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.451702
    Latitude
    27.103003

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    FAQs

    What type of property is this?
    Duplex - Two 2-bedroom units with patios and 2024-2025 AC, offering flexible living or rental configuration.
    Where is this duplex located?
    The property is located at 418 NARVAEZI STREET 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: Prime Venice Island location: Just blocks from Venice Beach, downtown shops/restaurants, Centennial Park, Venice Theater, and sports courts.; Duplex with income potential: Live in one unit and rent the other, or use as year‑round vacation rentals.; No HOA, Deed, or Lease Restrictions: Offers maximum flexibility for usage and rental options.
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 3477996
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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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