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For sale
    • Price cut: $100K (6/5)
    $4,500,000

    1450 E GIBSON STREET, ARCADIA, FL 34266

    56beds
    38baths
    24,987sqft
    : 
    $30,167/mo
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    Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $180/sqft
    $-- HOA

    What's special

    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.
    237 days
    |
    235
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Savannah Zarris 941-807-4304,

    SELLSTATE VISION REALTY 941-336-5400,

    J. Lyn Bevis 941-380-6677,

    RE/MAX HARBOR REALTY

    Source: Stellar MLS,MLS#: C7518538MLS LogoOriginating MLS: Port Charlotte

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 56
      • Bathrooms: 38
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Microwave, Range, Refrigerator
      • Laundry: Common Area, Other
      Features
      • Ceiling Fan(s), Open Floorplan
      • Flooring: Laminate, Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 26,573
      • Total interior livable area: 24,987 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Sidewalk
      Lot
      • Size: 3.35 Acres
      Details
      • Parcel number: 313725001680300010
      • Zoning: R-4
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Block
      • Foundation: Block, Slab
      • Roof: Shingle
      Condition
      • Completed
      • New construction: No
      • Year built: 1983

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Public
      • Utilities for property: Public

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: GILCHRISTS EAST END ADD
      HOA
      • Has HOA: No
      Location
      • Region: Arcadia

      Financial & listing details

      • Price per square foot: $180/sqft
      • Annual tax amount: $29,670
      • Date on market: 12/3/2025
      • Cumulative days on market: 238 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Lease term: 12 Months
      • Total actual rent: 36200
      • Tenant pays: Electricity, Sewer, Water
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/5/2026Price change$4,500,000-2.2%$180/sqft
        Source: Stellar MLS #C7518538 Report a problem
        5/11/2026Price change$4,600,000-6.1%$184/sqft
        Source: Stellar MLS #C7518538 Report a problem
        12/4/2025Listed for sale$4,900,000$196/sqft
        Source: Stellar MLS #C7518538 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 34266

        Getting around

        14 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Nocatee Elementary School
        • Middle: DeSoto Middle School
        • High: DeSoto County High School

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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