Golf-Course Duplex with Screened
For Sale
$384,995
4802 Lakewood Blvd, Naples, FL 34112
Residential, Duplex, End-Unit, NAPLES, FL
Property Size1,613 SF
Price / SF$238.68
Days on Market459
Property Features for 4802 Lakewood Blvd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Den, Bedroom 2, Bathroom 1, Bedroom 1
Parking
2
Parking features
Driveway
Window features
Window Coverings
Patio and Porch features
Porch, Patio
Interior features
Bar, Built-In Cabinets, Closet Cabinets, Laundry Tub, Smoke Detectors, Walk-In Closet(s), Wet Bar, Window Coverings
Exterior features
Open Porch/Lanai, Screened Lanai/Porch, Courtyard
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer
Subdivision
LAKEWOOD VILLAS
Lot features
Zero Lot Line, Zero Lot Line
View
Lake, Water
Standard status
Active
APN
54450520005
Size
1,613 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
LAKEWOOD UNIT 6, A PORT OF BLK B NKA LAKEWOOD VILLAS IX (HO) LOT B-13 DESC IN OR 1913 PG 1280
Tax Annual Amount
2377
HOA Fee
$2,700 Annually
Legal Description
LAKEWOOD UNIT 6, A PORT OF BLK B NKA LAKEWOOD VILLAS IX (HO) LOT B-13 DESC IN OR 1913 PG 1280
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
James Kux · License #NAPLES-249518110
(239) 370-1004
Added: Jun 1, 2025
Changed: Aug 31
Last Checked: Sep 2 at 1:06AM
MLS# 225051581
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.
Investment Insights
Based on property information with market context.
This 1,613-square-foot duplex offers three bedrooms, two bathrooms, a den, laundry room, tile flooring, and a central electric HVAC system. Interior features include built-in and closet cabinetry, walk-in closet space, window coverings, smoke detectors, a wet bar, and a bar area. The kitchen is equipped with an electric cooktop, range, microwave, dishwasher, disposal, refrigerator, freezer, and washer and dryer. A new shingle roof was installed in December 2025.
Outdoor areas include a screened lanai and porch, patio space, and a courtyard. The property is positioned along a golf course and lake in Lakewood, with western sunset views over the lake and green space. Driveway parking is provided, and the residence was built in 1984.
Outdoor areas include a screened lanai and porch, patio space, and a courtyard. The property is positioned along a golf course and lake in Lakewood, with western sunset views over the lake and green space. Driveway parking is provided, and the residence was built in 1984.
Key Highlights
- 1,613‑square‑foot duplex with 3 bedrooms and 2 bathrooms
- New shingle roof installed in December 2025
- Golf course and lake setting in Lakewood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,828
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,560
$476.6K
Cap Rate 7%
$340,400
$340.4K
Cap Rate 9%
$264,756
$264.8K
Market Conditions
NOI Build-Up for 1,613 SF
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.
Gross rent
$35.8K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$34.0K $21.10/SF
− OpEx
−$10.2K −$6.33/SF
NOI
$23.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,560
Cap Rate 7%
$340,400
Cap Rate 9%
$264,756
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.1K
NOI $23,828 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$647.4K
$566.5K – $755.3K
NOI $45,316 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, two-bath residence with a screened lanai, tile flooring, and central air.
Where is this duplex located?
The property is located at 4802 Lakewood Blvd Naples, FL.
What is the asking price?
The asking price for this property is $384,995.
What are key features of this property?
This property features: 1,613‑square‑foot duplex with 3 bedrooms and 2 bathrooms; New shingle roof installed in December 2025; Golf course and lake setting in Lakewood
