Two-Unit Naples
For Sale
$499,900
5317 Fleming St, Naples, FL 34113
Each residence offers two bedrooms and one bathroom, with one tenancy on a month-to-month basis.
Property Size1,272 SF
Price / SF$393
Days on Market10
Property Features for 5317 Fleming St
General Information
Standard status
Active
Size
1,272 SF
Property subtype
Multi-Family
Building Details
Year Built
1972
Listing Agency:
Palm Paradise Realty Group
(239) 955-7256
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 4
Changed: Oct 13
Last Checked: Oct 12 at 7:14PM
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 Palm Paradise Realty Group
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with two bedrooms and one bathroom. Built in 1972, the property has four bedrooms and two bathrooms overall. Both units are leased, and one tenancy is month-to-month.
The property is in South Naples, near Parkside Elementary School, Publix, shopping, and dining. Coastland Center, downtown Naples, and the Gulf beaches are a short drive away.
The property is in South Naples, near Parkside Elementary School, Publix, shopping, and dining. Coastland Center, downtown Naples, and the Gulf beaches are a short drive away.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bathroom
- Four bedrooms and two bathrooms in total
- Both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,790
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,800
$375.8K
Cap Rate 7%
$268,429
$268.4K
Cap Rate 9%
$208,778
$208.8K
Market Conditions
NOI Build-Up for 1,272 SF
Gross rent
$28.2K $22.20/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$26.8K $21.10/SF
− OpEx
−$8.1K −$6.33/SF
NOI
$18.8K $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 Rate 5%
$375,800
Cap Rate 7%
$268,429
Cap Rate 9%
$208,778
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.9K – $313.2K
NOI $18,790 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$246.7K
$215.9K – $287.8K
NOI $17,270 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$510.5K
$446.7K – $595.6K
NOI $35,736 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence offers two bedrooms and one bathroom, with one tenancy on a month-to-month basis.
Where is this duplex located?
The property is located at 5317 Fleming St Naples, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bathroom; Four bedrooms and two bathrooms in total; Both units currently rented
