Kimberly L. Waterhouse

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Listing provided courtesy of SELLSTATE VISION REALTYas Distributed by MLSGrid- MLS# MFRC7518538MLS Provider

1450 E GIBSON STREETARCADIA, FL 34266

Multi-Family · 56 Beds · 24,987 Sq. ft. | 3.35 Acres
$4,500,000 Active

1450 E GIBSON STREET Overview

Time on Site:
209 days
Visits:
0

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.

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1450 E GIBSON STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 24,987
  • Price/Sq.ft. $180
  • Lot 3.35 Acres

Details

General

Association/HOA

  • Association: No

School Information

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

Income/Expenses

  • Gross Income: 425678

Building Information

  • New Construction: No
  • Year Built: 1983

Location/Region

  • Country: US
  • County Or Parish: DeSoto
  • MLS Area Major: 34266 - Arcadia
  • Subdivision Name: GILCHRISTS EAST END ADD
  • Township: 37

Rent/Lease Information

  • Lease Term: Twelve Months
  • Tenant Pays: Electricity,Sewer,Water

Tax Information

  • Tax Annual Amount: 29670.24
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 31-37-25-0016-8030-0010
  • Pets Allowed: Yes
  • Property Condition: Completed
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: R-4

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 38
  • Bedrooms Total: 56

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 26573
  • Building Area Units: Square Feet

General Information

  • Appliances: Microwave,Range,Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Laminate,Tile
  • Foundation Details: Block,Slab
  • Heating: Central
  • Interior Features: Ceiling Fans(s),Open Floorplan
  • Laundry Features: Common Area,Other
  • Levels: One
  • Living Area: 24987
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 3.35
  • Lot Size Square Feet: 145926
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Property Attached: Yes
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Sidewalk
  • Number Of Units Total: 34
  • Pool Private: No
  • Sewer: Private Sewer
  • Utilities: Public

1450 E GIBSON STREET Neighborhood

Community

34266 (ARCADIA) Demographics

38
Median Age
49
Population Density (per sq. mile)
15%
College Educated
$34,770
Estimated Median Income
6,567
Estimated Total Home Owners
3,545
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1450 E GIBSON STREET Monthly Cost

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$
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Meredith Medvec
Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1450 E GIBSON STREET Market Data

Based on the last 30 days in this zip code

$382,134
Average List Price
$242
Average Price per Square Foot
8
Properties Sold
108
Average Days on Market
117
Properties for Sale
Calculations provided by Reliance Network

1450 E GIBSON STREET History

Date Event Value Agent
6/5/2026Source: My Florida Regional MLS Price Reduction
$4,500,000 -2.2%
5/10/2026Source: My Florida Regional MLS Price Reduction
$4,600,000 -6.1%
12/3/2025Source: My Florida Regional MLS Added to Database
December 03, 2025