Remodeled 4-Unit
726 Park Ave Naples, FL 34110
For Sale
$1,949,000
Turnkey quadplex with four furnished 1BR/1BA units, modern kitchens, and recent AC replacements.
Property Size7,668 SF
Price / SF$254.17
Days on Market301
Property Features for 726 Park Ave
General Information
Standard status
Active
Size
7,668 SF
Property subtype
Multi-Family
Listing Agency:
(305) 609-6861
Listed By:
Real Estate Sales Force
(305) 609-6861
Source:
Xome
Added: Oct 2, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:45AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
Turnkey quadplex featuring four designer-furnished 1BR/1BA units. Each unit includes modern kitchens with quartz countertops, new appliances, tile flooring, and coastal-style decor. Recent upgrades include four new AC systems (2024), a roof replacement (2016), and updated electrical and plumbing, supporting an income-producing, fully operational short-term rental setup.
Situated west of US-41 near Vanderbilt Beach and Delnor-Wiggins Pass in a desirable coastal neighborhood, the property is offered with multiple outdoor seating areas and ample parking. The owner indicates there is no HOA and no rental restrictions. The property is currently operating at 91% occupancy with a $175 blended nightly rate, and the seller notes the potential annual revenue figure of $232,000. Seller financing is also being considered, including options with little to no money down where the buyer is responsible for the mortgage and the seller contributes toward the down payment.
Situated west of US-41 near Vanderbilt Beach and Delnor-Wiggins Pass in a desirable coastal neighborhood, the property is offered with multiple outdoor seating areas and ample parking. The owner indicates there is no HOA and no rental restrictions. The property is currently operating at 91% occupancy with a $175 blended nightly rate, and the seller notes the potential annual revenue figure of $232,000. Seller financing is also being considered, including options with little to no money down where the buyer is responsible for the mortgage and the seller contributes toward the down payment.
Key Highlights
- Turnkey 4‑unit Airbnb (quadplex) with four furnished 1BR/1BA units
- Each unit features modern kitchens with quartz countertops, new appliances, and tile flooring
- Recent upgrades include four new AC systems (2024), roof replacement (2016), and updated electrical/plumbing
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.2k | $22.20 |
| − Vacancy | −$8.4k | −$1.10 |
| EGI | $161.8k | $21.10 |
| − OpEx | −$48.5k | −$6.33 |
| NOI | $113.3k | $14.77 |
7,668 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,274 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,110 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,426 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey quadplex with four furnished 1BR/1BA units, modern kitchens, and recent AC replacements.
Where is this short term rental property located?
The property is located at 726 Park Ave Naples, FL.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Turnkey 4‑unit Airbnb (quadplex) with four furnished 1BR/1BA units; Each unit features modern kitchens with quartz countertops, new appliances, and tile flooring; Recent upgrades include four new AC systems (2024), roof replacement (2016), and updated electrical/plumbing
