Remodeled Duplex with Private
For Sale
$850,000
829 107th Ave N, Naples, FL 34108
Residential Income, 1 Story/Ranch, NAPLES, FL
Property Size3,124 SF
Lot Size0.14 Acres
Price / SF$272.09
Days on Market255
Property Features for 829 107th Ave N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2
Patio and Porch features
Deck
Pets allowed
Yes
Pool private
1
Subdivision
NAPLES PARK
Lot features
Regular, Regular
Standard status
Active
APN
62522000005
Size
3,124 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NAPLES PARK UNIT 1 REPLAT BLKS 4 + 5 LOT 61
Tax Annual Amount
4758
Legal Description
NAPLES PARK UNIT 1 REPLAT BLKS 4 + 5 LOT 61
Utilities
Heating system
Electric (Heating), Central, Other (Heating)
Cooling system
Central Air, Electric, Window Unit(s)
Water front features
Lake, Seawall
Water front
1
Amenities
private pool
Building Details
Year built
1969
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 261-9101
Listed By:
Dodona Roboci, PA
(239) 776-8123
Added: Dec 16, 2025
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
MLS# 225083353
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 3,124-square-foot duplex on a 0.14-acre lot provides two distinct living areas. One residence contains 1 bedroom and 1 bathroom and is occupied under a month-to-month lease. The second is a remodeled 2-bedroom, 2-bath home with lake views and access to a private pool. It has not been rented since renovation and was completed for the owner’s personal use. Tile and vinyl flooring, concrete-block and stucco construction, shingle roofing, central air, and electric heating are among the property features.
The fully enclosed lot includes separate large driveways serving each unit. The property is located at 829 107th Ave N in Naples, near Mercato, Patio Cafe, and the shops and restaurants along US-41. The layout supports separate occupancy within one property, with a private outdoor setting and pool associated with the remodeled residence.
The fully enclosed lot includes separate large driveways serving each unit. The property is located at 829 107th Ave N in Naples, near Mercato, Patio Cafe, and the shops and restaurants along US-41. The layout supports separate occupancy within one property, with a private outdoor setting and pool associated with the remodeled residence.
Key Highlights
- Duplex with 3,124 square feet on a 0.14‑acre lot
- Separate 1‑bedroom/1‑bath and remodeled 2‑bedroom/2‑bath residences
- Private pool and lake views at the remodeled residence
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
$46,149
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
5.43%
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%
$922,980
$923.0K
Cap Rate 7%
$659,271
$659.3K
Cap Rate 9%
$512,767
$512.8K
Market Conditions
NOI Build-Up for 3,124 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
$69.4K $22.20/SF
− Vacancy
−$3.4K −$1.10/SF
EGI
$65.9K $21.10/SF
− OpEx
−$19.8K −$6.33/SF
NOI
$46.1K $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%
$922,980
Cap Rate 7%
$659,271
Cap Rate 9%
$512,767
Alternative Uses
Best Use
Multifamily LT 5
$659.3K
$576.9K – $769.2K
NOI $46,149 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,766 @ 7.0% cap · market cap 10.33%
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
1,019
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 on a fenced Naples Park lot, including a remodeled poolside home with lake views.
Where is this duplex located?
The property is located at 829 107th Ave N Naples, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex with 3,124 square feet on a 0.14‑acre lot; Separate 1‑bedroom/1‑bath and remodeled 2‑bedroom/2‑bath residences; Private pool and lake views at the remodeled residence
