111 7th Street
About This Property
Set in a quiet residential neighborhood minutes from Celebration Park, Naples Bay, Tin City, shopping, dining, and county parks, the location supports both long-term and seasonal demand. Several key improvements have already been completed, including a new roof (2022), a new electrical panel, a new water heater, and an updated kitchen with newer cabinetry and countertops. The home has also been freshly painted inside and out.
The layout includes a comfortable living and dining area, a primary bedroom with a private bath, and two additional bedrooms that work well for guests or a home office. Laundry is located inside the home.
The large fenced backyard offers room for future improvements such as an outdoor living space or a pool, providing additional upside. An attached carport offers covered parking, and a separate storage area adds functionality.
Whether held as a rental or improved over time, this property represents a solid entry point into the Naples market with location, updates, and opportunity at an attractive price.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Price Decreased |
$398,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Jan 9, 2026 | Price Decreased |
$399,000
↓ $21K
(5%) | |
| Price Decreased | |||
| Dec 2, 2025 | Price Decreased |
$420,000
↓ $20K
(4.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017