Active$4,500,000
6000 SE HWY 31
ARCADIA, FL 34266
——136,190 sqft
1 / 52
Active · Multi-Family
1450 GIBSON STREET
ARCADIA, FL 34266
Beds
56 beds
Baths
38 baths
Area
24,987 sqft
Multi-FamilyBuilt 1983145,926 sqft lotCentralCentral Air$172/sqft258 days on market
About this home
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.
Facts & features
Interior
- Bedrooms
- 56
- Bathrooms
- 38
- Living area
- 24,987 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Laminate, Tile
- Features
- Ceiling Fans(s), Open Floorplan
- Appliances
- Microwave, Range, Refrigerator
Exterior & lot
- Lot size
- 145,926 sqft (3.35 ac)
- Roof
- Shingle
- Construction
- Block
- Exterior
- Sidewalk
Financial
- Annual tax
- $29,670 (2024)
- Price / sqft
- $172/sqft
Utilities
- Water
- Public
- Sewer
- Private Sewer
- Utilities
- Public
Property
- Property type
- Multi-Family
- Year built
- 1983
- Subdivision
- GILCHRISTS EAST END ADD
- County
- DeSoto
Assigned schools
- Elementary
- Nocatee Elementary School
- Middle
- DeSoto Middle School
- High
- DeSoto County High School
Listing
- Status
- Active
- Days on market
- 253 days
- MLS #
- MFR776303038
- Source
- Stellar MLS
Listed by Savannah Zarris · SELLSTATE VISION REALTY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$24,216/mo
- Principal & interest
- $21,743/mo
- Property tax
- $2,473/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2024 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 13, 2026 | Price reduced | $4,300,000 | −$600,000 |
| Dec 3, 2025 | Listed | $4,900,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for ARCADIA, FL are not connected yet, so this page does not show them.
Elementary school
Nocatee Elementary School
Assigned school from the MLS record
Middle school
DeSoto Middle School
Assigned school from the MLS record
High school
DeSoto County High School
Assigned school from the MLS record
Location
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