$4,900,000
1450 E Gibson Street Arcadia, FL 34266
For Sale MLS# C7518538
56 beds 38 baths 24,987 sq ft Multi-family
Details for 1450 E Gibson Street
MLS# C7518538
Description for 1450 E Gibson Street, Arcadia, FL, 34266
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 Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 56
Bathrooms: 38
Lot Size: 3.35 Acres
Square Feet: 24,987 sq ft
Year Built: 1983
Stories: 1 Story
Construction: Block
Property Attached: Yes
Construction Display: New Construction
Subdivision: Gilchrists East End Add
Foundation: Block,Slab
Number Of Units Total: 34
County: Desoto
Construction Status: New Construction
School Information
Elementary: Nocatee Elementary School
Middle: Desoto Middle School
High: Desoto County High School
Additonal Room Information
Laundry: Other, Common Area
Interior Features
Appliances: Range, Refrigerator, Microwave
Flooring: Laminate,Tile
Additional Interior Features: Ceiling Fan(s), Open Floorplan
Utilities
Water: Public
Sewer: Private Sewer
Other Utilities: Municipal Utilities
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Community Features
Community Features: Sidewalks
Unit Information
Unit 1 Units Total: 16
Unit 1 Actual Rent: 1100
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 14
Unit 2 Actual Rent: 1300
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Units Total: 4
Unit 3 Actual Rent: 1600
Unit 3 Baths Total: 2
Unit 3 Beds Total: 3
Driving 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.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity,Sewer,Water
Gross Income: 434400
Tax/Property ID: 31-37-25-0016-8030-0010
Tax Amount: 29670.24
Tax Year: 2024
A broker reciprocity listing courtesy: SELLSTATE VISION REALTY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1450 E Gibson Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1450 E Gibson Street
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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