Duplex with Upstairs
418 NARVAEZI Street Venice, FL 34285
418 NARVAEZI Street, Venice, FL, 34285
$736,900
For Sale
$736,900
MULTI_FAMILY - VENICE, FL
Property Size2,199 SF
Lot Size0.14 Acres
Price / SF$335.11
Days on Market136
Property Features for 418 NARVAEZI Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF1
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4
- Parking features
- Covered, Off Street
- Security features
- Security Lighting
- Patio and Porch features
- Patio, Porch
- 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
- Rain Gutters, Sliding Doors, Storage
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator
- Standard status
- Active
- APN
- 0175090031
- Size
- 2,199 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 1/2 LOT 16 BLK C BAYSHORE ESTATES
- Tax Annual Amount
- 4231
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Exhaust Fan (Heating), Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agency
HOMECOIN.COM
(888) 400-2513
Listed by
Jonathan Minerick · License #3477996
(888) 400-2513
Added: Mar 10 Updated: Jul 20 at 8:54PM Checked: Jul 23 at 2:06AM
MLS# TB8484806
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.
Investment Insights
Based on property information with market context.
This Venice Island duplex totals about 2,200 square feet and is configured as two separate units, each with approximately 1,100 square feet. Both units offer 2 bedrooms and 2 bathrooms, a vaulted ceiling in the living room, and an upstairs loft. Window blinds are installed throughout. The property includes large paver patios in front of the units and concrete patios in back. New AC units were installed in 2024 and 2025.
According to the listing, the duplex has no HOA dues and no deed restrictions or lease restrictions. Zoning is RMF1. Outside space includes room out back for a 7 x 14 foot lap pool, if desired. The listing also states Venice Beach is about five blocks away, and multiple island amenities—including the Pier and nearby beaches—are described as a few minutes away, with downtown Venice shopping and restaurants cited as about three blocks away.
The duplex offers a setup that can support either full-time occupancy in one unit while renting the other, or other flexible residential income uses as described by the seller.
According to the listing, the duplex has no HOA dues and no deed restrictions or lease restrictions. Zoning is RMF1. Outside space includes room out back for a 7 x 14 foot lap pool, if desired. The listing also states Venice Beach is about five blocks away, and multiple island amenities—including the Pier and nearby beaches—are described as a few minutes away, with downtown Venice shopping and restaurants cited as about three blocks away.
The duplex offers a setup that can support either full-time occupancy in one unit while renting the other, or other flexible residential income uses as described by the seller.
Key Highlights
- 2200 sq ft duplex on Venice Island, split into 2 separate 1100 sq ft units
- Each unit offers 2 beds and 2 baths with vaulted ceiling in the living room and an upstairs loft
- No HOA dues, no deed restrictions, and no lease restrictions (per public remarks)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $16.20 |
| − Vacancy | −$3.5k | −$1.60 |
| EGI | $32.1k | $14.60 |
| − OpEx | −$9.6k | −$4.38 |
| NOI | $22.5k | $10.22 |
2,199 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bell Service Group ...
General Contractor
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FAQs
What type of property is this?
Duplex - Duplex on Venice Island with two 2BR/2BA units, vaulted living rooms, and updated AC installed in 2024 and 2025.
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: 2200 sq ft duplex on Venice Island, split into 2 separate 1100 sq ft units; Each unit offers 2 beds and 2 baths with vaulted ceiling in the living room and an upstairs loft; No HOA dues, no deed restrictions, and no lease restrictions (per public remarks)
