Renovated Furnished Quadplex with
For Sale
$799,000
559 105th Ave N, Naples, FL 34108
Four furnished units operate as short-term rentals with a private pool and updated interiors.
Property Size3,734 SF
Price / SF$213.98
Days on Market93
Property Features for 559 105th Ave N
General Information
Standard status
Active
Size
3,734 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$6,485
Listing Agency:
Sellstate Prime Realty
(239) 289-0355
Listed By:
Chris Lawrence
(239) 289-0355
Source:
Exprealty
Added: May 28
Changed: Aug 25
Last Checked: Aug 26 at 12:13PM
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 Sellstate Prime Realty
Investment Insights
Based on property information with market context.
Located at 559 105th Ave N in Naples, FL, this four-unit residential income property occupies two separate lots with individual property IDs. The building has been renovated throughout, and each residence is furnished for short-term rental operation with updated interior finishes.
A private inground pool and maintained outdoor areas serve the property. The Naples Park setting places the quadplex minutes from Naples beaches, Mercato, shopping, and dining. The property is currently operating as furnished short-term rentals, providing an established configuration for an owner-operator or investor seeking a four-unit asset.
A private inground pool and maintained outdoor areas serve the property. The Naples Park setting places the quadplex minutes from Naples beaches, Mercato, shopping, and dining. The property is currently operating as furnished short-term rentals, providing an established configuration for an owner-operator or investor seeking a four-unit asset.
Key Highlights
- Four‑unit quadplex in Naples Park
- 3,734 SF property with two separate lots and individual property IDs
- Renovated interiors with modern finishes throughout
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
$55,160
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
6.90%
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%
$1,103,200
$1.1M
Cap Rate 7%
$788,000
$788.0K
Cap Rate 9%
$612,889
$612.9K
Market Conditions
NOI Build-Up for 3,734 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
$82.9K $22.20/SF
− Vacancy
−$4.1K −$1.10/SF
EGI
$78.8K $21.10/SF
− OpEx
−$23.6K −$6.33/SF
NOI
$55.2K $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%
$1,103,200
Cap Rate 7%
$788,000
Cap Rate 9%
$612,889
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,160 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$724.2K
$633.7K – $845.0K
NOI $50,697 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,904 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
303
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished units operate as short-term rentals with a private pool and updated interiors.
Where is this quadplex located?
The property is located at 559 105th Ave N Naples, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit quadplex in Naples Park; 3,734 SF property with two separate lots and individual property IDs; Renovated interiors with modern finishes throughout
