Naples Park Duplex with
For Sale
$799,000
559 105th Ave N, Naples, FL 34108
Residential, Duplex, Florida, NAPLES, FL
Property Size1,800 SF
Lot Size0.15 Acres
Price / SF$443.89
Days on Market97
Property Features for 559 105th Ave N
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
2
Parking features
Driveway
Pets allowed
Yes
Interior features
Foyer, Smoke Detectors
Exterior features
Courtyard
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Freezer, Grill - Gas, Microwave, Range, Refrigerator, Refrigerator/Freezer, Self Cleaning Oven, Washer
Subdivision
NAPLES PARK
Lot features
Regular, Regular
Standard status
Active
APN
62842940007
Size
1,800 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NAPLES PARK UNIT 6 BLK 75 LOT 10
Tax Annual Amount
6485
Legal Description
NAPLES PARK UNIT 6 BLK 75 LOT 10
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Building Details
Year built
1972
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
William Raveis Real Estate
(239) 529-5451
Listed By:
Alexander Torcomian · License #249529851
(239) 293-6225
Added: May 28
Changed: Aug 29
Last Checked: Sep 1 at 10:06AM
MLS# 226020914
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 Naples Park duplex contains 1,800 square feet arranged as two separate residences with a combined four bedrooms and two bathrooms. Built in 1972, the property includes a central courtyard, generous outdoor space, driveway parking, tile flooring, central air, electric heating, and concrete block with stucco construction. The residences are equipped with kitchens, laundry appliances, and other household fixtures. A 0.15-acre lot provides additional outdoor area, including backyard space identified for a future pool.
The property is located 1.0 mile from the beach and near Vanderbilt Beach, Mercato, the Ritz-Carlton, Waterside Shops, and dining destinations. The neighboring duplex at 563 105th Ave N is also identified in the offering, creating a potential double-lot configuration when combined.
The property is located 1.0 mile from the beach and near Vanderbilt Beach, Mercato, the Ritz-Carlton, Waterside Shops, and dining destinations. The neighboring duplex at 563 105th Ave N is also identified in the offering, creating a potential double-lot configuration when combined.
Key Highlights
- Two residences with 4 bedrooms and 2 bathrooms across 1,800 square feet
- 0.15‑acre lot with courtyard, outdoor space, driveway parking, and backyard pool area
- Located 1.0 mile from the beach in Naples Park
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
$26,590
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
3.33%
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%
$531,800
$531.8K
Cap Rate 7%
$379,857
$379.9K
Cap Rate 9%
$295,444
$295.4K
Market Conditions
NOI Build-Up for 1,800 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
$40.0K $22.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$38.0K $21.10/SF
− OpEx
−$11.4K −$6.33/SF
NOI
$26.6K $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 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%
$531,800
Cap Rate 7%
$379,857
Cap Rate 9%
$295,444
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$722.4K
$632.1K – $842.8K
NOI $50,570 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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?
Duplex - Two separate residences provide flexible occupancy within a well-maintained duplex near Naples beaches and established commercial destinations.
Where is this duplex 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: Two residences with 4 bedrooms and 2 bathrooms across 1,800 square feet; 0.15‑acre lot with courtyard, outdoor space, driveway parking, and backyard pool area; Located 1.0 mile from the beach in Naples Park
