Two-Unit Residential
New
For Sale
$795,000
549 94th AVE N, Naples, FL 34108
Both residences have long-term tenants and matching two-bedroom, one-bath layouts.
Property Size1,600 SF
Days on Market5
Property Features for 549 94th AVE N
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,292
Building Details
Building Size
1,600 SF
Year Built
1970
Buildings
1
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
Listed By:
Alexander Torcomian · License #249529851
(239) 399-2950
Source:
Kwelevate
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:10PM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
Built in 1970, this duplex contains two matching residences, each with two bedrooms and one bathroom. Both units are occupied by long-term tenants, and the property has off-street parking.
The property is west of US-41, with walkable access to dining, retail, and entertainment. Vanderbilt Beach is nearby. A shared driveway connects the site with the neighboring triplex.
The property is west of US-41, with walkable access to dining, retail, and entertainment. Vanderbilt Beach is nearby. A shared driveway connects the site with the neighboring triplex.
Key Highlights
- Two residences, each configured with 2 bedrooms and 1 bathroom
- Both units are occupied by long‑term tenants
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,636
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,720
$472.7K
Cap Rate 7%
$337,657
$337.7K
Cap Rate 9%
$262,622
$262.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.5K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$33.8K $21.10/SF
− OpEx
−$10.1K −$6.33/SF
NOI
$23.6K $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%
$472,720
Cap Rate 7%
$337,657
Cap Rate 9%
$262,622
Alternative Uses
Best Use
Multifamily LT 5
$337.7K
$295.5K – $393.9K
NOI $23,636 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$310.3K
$271.6K – $362.1K
NOI $21,724 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$642.2K
$561.9K – $749.2K
NOI $44,951 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 34108, FL
16,142
Population
15,211
Households
1.1
Avg Household Size
66
Median Age
62%
College-Educated
97%
High-School Grad
7.8 sq mi
ZIP Area
2,069
Density / Sq Mi
$120,187
Median Household Income
$48,565
Median Earnings
$2,099
Median Rent
$972,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have long-term tenants and matching two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 549 94th AVE N Naples, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two residences, each configured with 2 bedrooms and 1 bathroom; Both units are occupied by long‑term tenants; Built in 1970
