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1450 E GIBSON STREET ARCADIA, FL $ 4,900,000
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1450 E GIBSON STREET
$ 4,900,000
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1450 E GIBSON STREET

ARCADIA, FL, 34266
$ 4,900,000
Bedrooms56 Baths38.0 Sq 24,987

Monthly Estimate*

$ 30,170

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View a Virtual Tour
Multi-Family Home for sale in ARCADIA, FL for $4,900,000 with 56 bedrooms and 38 full baths. This 24,987 square foot home was built in 1983 on a lot size of 3.35.

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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Multi-Family Active

Price

$ 4,900,000

Bedrooms

56

Full Bath

38

Property Type

Multi-Family

Taxes

$ 29,670

Style

Lot Size

3.35

Year Built

1983

Town/City

ARCADIA

County/Region

DeSoto

MLS | Web ID

C7518538
Features
General
Sewer Private Sewer
Heating Central
Cooling Central Air
Utilities Public
Roof Shingle
Appliances Microwave Range Refrigerator
Zoning R-4
Construction Materials Block
Pets Allowed Yes
Year Built 1983
Tenant Pays Electricity Sewer Water
Levels One
Tax Year 2024
Ownership Fee Simple
Gross Income 425678
County DeSoto
New Construction false
Property Type Residential Income
Subdivision Name GILCHRISTS EAST END ADD
Garage Y/N false
Status Active
Directions From I-75 take Exit 170 onto Kings Highway / CR-769 toward Arcadia. Head northeast on Kings Highway — you’ll be traveling into DeSoto County toward Arcadia. Continue on Kings Highway until you reach town (Arcadia). Once in Arcadia locate East Gibson Street — 1950 East Gibson St. will be along that street.
High School DeSoto County High School
City ARCADIA
Senior Community Y/N false
Number Of Units Total 34
MLS Area 34266 - Arcadia
Lot Size Units Acres
Lot Size Square Feet 145926
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Nocatee Elementary School
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 29670.24
Middle/Junior High School DeSoto Middle School
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7518538
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 11
Total Actual Rent 36200
Legal Description A W GILCHRIST EAST END ADD ALL BLK 3 TIER 8 & W 66 FT OF BLK 2 TIER 8 & THAT PART PLATTED AV IN TIER 8 LYG BTW BLK 3 & BLK 2 LESS N110 FT OF E 210 FT THEREOF INST:201714001674
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Open Floorplan
Flooring Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Other
Total Bedrooms 56
Total Baths 38
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Exterior
Exterior Amenities Sidewalk
Water Source Public
Lot Size Area 3.35
Foundation Details Block Slab
Number of Buildings 7
Building Area Total 26573
Lot Size Acres 3.35
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Sellstate Vision Realty

Broker

SavannahSellsSWFL@gmail.com

Email

Affordability Calculator

$32,643
Per Month
92%
8%
0%
Monthly Principal & Interest
$30,170
Monthly Property Taxes
$2,473
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
DeSoto County High School High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$4,900,000 Listed Price

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1450 E GIBSON STREET, ARCADIA, FL, 34266 is a Multi-Family Home for sale at $4,900,000 with 24,987 sqft and a lot size of 3.35. 1450 E GIBSON STREET has 56 bedrooms, 38.0 baths, and was built in 1983. The property's zip code is 34266 which is in ARCADIA, FL

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