Address
1450 E Gibson Street, ARCADIA, FL
Price
$ 4,300,000
Property Attributes
- MLS#C7518538
- TypeIncome
- Listing Status Active
- CountyDeSoto
- CityARCADIA
- AreaArcadia
- NeighborhoodGILCHRISTS EAST END ADD
- Zip34266
- StyleMulti Family (5+)
- Year Built1983
- Taxes$ 29670
- Price$ 4,300,000
- Bedrooms56
- Full Bathrooms38
- Half Bathrooms0
- Sqr Footage24987
- Lot Size3.35 Acres
Data Source:
Stellar MLS
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Nocatee Elementary School Elementary School | DeSoto Middle School Middle School | DeSoto County High School High School |
| Price History | |
|---|---|
| 12/19/2025 | Listed $4,900,000 |
| 5/11/2026 | 6$4,600,000 |
| 6/5/2026 | 2$4,500,000 |
| 8/13/2026 | 4$4,300,000 |
General Features
| 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 |
| Property Subtype | Multi Family (5+) |
| 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 |
| Flood Zone Code X | Yes |
Interior Features
| 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 |
| LivingAreaSource | Public Records |
| Total Baths | 38 |
Exterior Features
| 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 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 34266
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 28, 2026 4:05 PM UTC
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
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© 2026 Greater Alabama MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 28, 2026 3:54 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
