$4,900,000

1450 E Gibson St Arcadia, FL 34266

Estimated payment $28,248/month

Total Views 426
56 Beds
38 Baths
24,987 Sq Ft
$196 Price per Sq Ft

Highlights

  • 3.35 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Open Floorplan
  • Tile Flooring
  • Ceiling Fan

About This Home

Welcome to Gibson Street Apartments, a 34-unit multifamily community located at 1450 East Gibson Street. This income-producing property features 7 solid block buildings, each built on slab foundations and recently updated with new roofs. Most units have been renovated, and every unit includes a refrigerator, microwave, and stove. All utilities are individually metered, including electric and water, and the property is connected to city water and sewer. A common-area laundry room is located on-site, though it is not currently in active use. This is a well-positioned opportunity for investors seeking stable income with strong value-add by activating the laundry room and upgrading the remaining classic units. The location offers strong rental appeal with key amenities just minutes away. Within one mile, you’ll find DeSoto County Hospital, DeSoto County High School, and the South Florida State College campus, making this an ideal setting for long-term tenants, students, and local workforce housing.

Listing Agent

Savannah Zarris

SELLSTATE VISION REALTY Brokerage Phone: 941-807-4304 License #3368631 Listed on: 12/03/2025

Co-Listing Agent

Lyn Bevis

RE/MAX HARBOR REALTY Brokerage Phone: 941-807-4304 License #306174

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,670

Year Built

  • Built in 1983

Lot Details

  • 3.35 Acre Lot

Home Design

  • Property Attached
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 24,987 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan

Kitchen

  • Range
  • Microwave

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 56 Bedrooms
  • 38 Bathrooms

Schools

  • Nocatee Elementary School
  • Desoto Middle School
  • Desoto County High School

Utilities

  • Central Heating and Cooling System
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 11 / 3
  • Assessor Parcel Number 31-37-25-0016-8030-0010

Community Details

Overview

  • No Home Owners Association
  • 34 Units
  • 26,573 Sq Ft Building
  • Gilchrists East End Add Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $108,883
  • Gross Income $434,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,670

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 24987
  • Lot Size Acres: 3.35
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 26573
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 145926
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Active
  • Street Direction: E
  • Co List Office Mls Id: MFR274500147
  • Co List Office Phone: 941-639-8500
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 2468.71
  • Escrow State: FL
  • RATIO Current Price By Calculate: 196.10
  • Total Acreage: 2 to less than 5
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • Attribution Contact: 941-807-4304
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile
  • Interior Amenities: Ceiling Fans(s), Open Floorplan
  • Appliances Included: Microwave, Range, Refrigerator
  • Foundation Details: Block, Slab
  • Total Bedrooms: 56
  • Levels: One
  • Living Area Meters: 2321.37

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Common Area, Other
  • Sewer: Private Sewer
  • Water Source: Public
  • Individually Metered: Electric,Sewer,Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Nocatee Elementary School
  • High School: DeSoto County High School
  • Middle Or Junior School: DeSoto Middle School

Lot Info

  • Zoning: R-4
  • Parcel Number: 31-37-25-0016-8030-0010
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 36200
  • Lease Restrictions YN: 0
  • Terms Of Lease: Other

Multi Family

  • Gross Income: 434400
  • Number Of Units Total: 34
  • Total Num Buildings: 7
  • Unit Count: 3
  • Est Annual Market Income: 496800.00

Tax Info

  • Tax Annual Amount: 29670.24
  • Tax Block: 3
  • Tax Lot: 11

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Sale $4,900,000 -- $196 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: C7518538

Stellar MLS

APN: 31-37-25-0016-8030-0010

Florida DeSoto County Arcadia 34266

1450 E Gibson St, Arcadia, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Savannah Zarris
Listing Agent
Savannah Zarris
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SELLSTATE VISION REALTY
(863) 264-5393