Duplex with Private
For Sale
$950,000
618 107th Ave N, Naples, FL 34108
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,874 SF
Lot Size0.31 Acres
Price / SF$506.94
Days on Market132
Property Features for 618 107th Ave N
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RMF-6
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Laundry Room, Bedroom 1, Bathroom 3, Bedroom 4, Den, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 5
Patio and Porch features
Deck, Porch, Patio
Pets allowed
Yes
Pool private
1
Interior features
Smoke Detectors, Walk-In Closet(s)
Exterior features
Open Porch/Lanai, Screened Lanai/Porch, Storage
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
NAPLES PARK
Lot features
Oversize, Oversize
Standard status
Active
APN
62577360004
Size
1,874 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NAPLES PARK UNIT 2 BLK 21 LOTS 30 + 31 OR 1392 PG 2321
Tax Annual Amount
5554
Legal Description
NAPLES PARK UNIT 2 BLK 21 LOTS 30 + 31 OR 1392 PG 2321
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
private pool
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 2 at 11:06PM
MLS# 226017130
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 one-story ranch duplex contains 1,874 square feet across two residential units. The property includes four bathrooms, multiple bedrooms, a den, laundry facilities, walk-in closet space, and tile flooring. Central electric heating and cooling serve the interiors, while the concrete-block and stucco construction was completed in 1974. A private pool, screened lanai, porch, deck, and storage add outdoor and practical amenities. Appliances include a range, refrigerator, dishwasher, microwave, washer, and dryer.
Set on a 0.31-acre parcel at 618 107th Ave N in Naples, the property is zoned RMF-6. The location is described as minutes from Naples beaches and provides access to dining, shopping, and everyday amenities. The address is in Collier County, Florida, within postal code 34108.
Set on a 0.31-acre parcel at 618 107th Ave N in Naples, the property is zoned RMF-6. The location is described as minutes from Naples beaches and provides access to dining, shopping, and everyday amenities. The address is in Collier County, Florida, within postal code 34108.
Key Highlights
- Two‑unit duplex with 1,874 square feet of total property size
- Private pool with screened lanai, porch, deck, and storage
- 0.31‑acre parcel at 618 107th Ave N, Naples, FL 34108
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
$27,683
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
2.91%
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%
$553,660
$553.7K
Cap Rate 7%
$395,471
$395.5K
Cap Rate 9%
$307,589
$307.6K
Market Conditions
NOI Build-Up for 1,874 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
$41.6K $22.20/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$39.5K $21.10/SF
− OpEx
−$11.9K −$6.33/SF
NOI
$27.7K $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%
$553,660
Cap Rate 7%
$395,471
Cap Rate 9%
$307,589
Alternative Uses
Best Use
Multifamily LT 5
$395.5K
$346.0K – $461.4K
NOI $27,683 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$363.5K
$318.1K – $424.1K
NOI $25,444 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$752.1K
$658.1K – $877.5K
NOI $52,649 @ 7.0% cap · market cap 5.54%
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
697
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 - Ranch-style multifamily property with two living units, screened outdoor space, and RMF-6 zoning.
Where is this duplex located?
The property is located at 618 107th Ave N Naples, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,874 square feet of total property size; Private pool with screened lanai, porch, deck, and storage; 0.31‑acre parcel at 618 107th Ave N, Naples, FL 34108
