Listing Agency: Sellstate Prime Realty

Listed By: Chris Lawrence · License #249512179 Show Phone

Source: Exprealty

Added: May 28 Changed: Sep 29 Last Checked: Oct 12 at 8:25PM

Report an Issue

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.

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 / Yr

$55,160

Cap Rate

6.90%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $55,160 @ 7.0% cap · market cap 6.90%

Second Best

Apartment 5plus

$724.2K

$633.7K – $845.0K (±1% cap)

NOI $50,697 @ 7.0% cap · market cap 6.35%

Theoretical Best

Office A

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,904 @ 7.0% cap · market cap 13.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Bakery (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Story Concrete Block Quadplex

2001 55th Ter SW, Naples, FL 34116

$975,000

4,068 SF

View details

Four-Unit Ranch Quadplex

2084 Monroe Ave, Naples, FL 34112

$1,200,000

3,200 SF

View details

Renovated Quadplex with Storage

2264 Washington Ave, Naples, FL 34112

$1,250,000

3,000 SF

View details

Gulf-Access Triplex

108 San Salvador St, Naples, FL 34113

$900,000

2,193 SF

View details

Renovated Duplex with Fenced Yards

1781 Smugglers Cv, Naples, FL 34112

$789,000

1,620 SF

View details

Duplex With Private Pool

563 105th Ave N, Naples, FL 34108

$799,000

1,482 SF

View details

Duplex with Separate Utilities

685 95th Ave N, Naples, FL 34108

$775,000

1,492 SF

View details

Two-Unit Duplex with Carport

1881 Danford St, Naples, FL 34112

$599,900

1,800 SF

View details

Fenced Two-Unit Duplex

2855 Van Buren Ave, Naples, FL 34112

$598,990

1,700 SF

View details

Remodeled Quadplex with Updated Systems

2316 Bayside St lot: 30, Naples, FL 34112

$849,900

0.27 Acres

View details

Class A RV Resort Lot

13419 Snook Cir lot: 29, Naples, FL 34114

$395,000

0.09 Acres

View details

Deeded Motorcoach Resort Lot

13565 Snapper Ln lot: 131, Naples, FL 34114

$179,900

0.06 Acres

View details

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