1450 E GIBSON STREET, Arcadia, DeSoto, FL, 34266, Residential Income, 56, 38, 4235a8ed7cf9d74ffa3f8fa94d742802, C7518538,1450, GIBSON

$4,300,000

Overview

Property ID: C7518538

Multi Family (5+)
Property Type

56
Bedrooms

24987 Square Feet
Area Size

1983
Year Built

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.

Address

Open on Google Maps

Address: GIBSON
City: ARCADIA
State/county: DeSoto
Zip/Postal Code: 34266
Area: GILCHRISTS EAST END ADD

Details

Updated on October 16, 2026 at 6:59 am

Property ID C7518538
Price $4,300,000
Property Size 24987 Square Feet
Land Area 3.35 Acres
Bedrooms 56
Year Built 1983
Property Type Multi Family (5+)
Property Status Residential Income

Additional details

BuildingAreaTotal 26573
CoListAgentFullName J. Lyn Bevis
CoListAgentMlsId 274500086
CoListOfficeMlsId 274500147
CoListOfficeName RE/MAX HARBOR REALTY
ConstructionMaterials Block
ContractStatusChangeDate 2025-12-03
Cooling Central Air
CumulativeDaysOnMarket 315
DaysOnMarket 315
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.
ElementarySchool Nocatee Elementary School
Flooring Laminate, Tile
FoundationDetails Block, Slab
Heating Central
HighSchool DeSoto County High School
InternetAddressDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
LaundryFeatures Common Area, Other
LeaseConsideredYN 1
LeaseTerm 12 Months
Levels One
ListAOR Port Charlotte
ListAgentAOR Port Charlotte
ListAgentEmail SavannahSellsSWFL@gmail.com
ListAgentFullName Savannah Zarris
ListAgentKey a8dcaf1392321db749d5b0ed1ce75384
ListAgentMlsId 274507256
ListAgentPreferredPhone 941-807-4304
ListOfficeKey 20c71851248bd671d44b76e1152c6b35
ListOfficeMlsId 274501778
ListOfficeName SELLSTATE VISION REALTY
ListOfficePhone 941-336-5400
ListingContractDate 2025-12-03
ListingTerms Cash, Conventional
LivingAreaSource Public Records
LotSizeArea 3.35
LotSizeSquareFeet 145926
MLSAreaMajor 34266 - Arcadia
MiddleOrJuniorSchool DeSoto Middle School
MlsStatus Active
ModificationTimestamp 2026-10-16T02:57:16.930Z
NumberOfBuildings 7
NumberOfUnitsTotal 34
OnMarketDate 2025-12-03
OriginalEntryTimestamp 2025-12-04T03:56:31.353Z
OriginalListPrice 4900000
OriginatingSystemKey stellar
OriginatingSystemName Stellar MLS
Ownership Fee Simple
ParcelNumber 313725001680300010
PetsAllowed Yes
PhotosChangeTimestamp 2026-10-16T03:02:56.561Z
PhotosCount 52
PriceChangeTimestamp 2026-08-13T16:40:26.640Z
PropertyCondition Completed
RoadSurfaceType Paved
Roof Shingle
Sewer Private Sewer
SourceSystemKey 776303038
SpecialListingConditions None
StateOrProvince FL
StatusChangeTimestamp 2026-10-16T02:57:16.930Z
StreetDirPrefix E
StreetName GIBSON
StreetNumber 1450
StreetNumberNumeric 1450
StreetSuffix STREET
TaxAnnualAmount 29670.24
TaxBlock 3
TaxLegalDescription 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
TaxLot 11
TaxYear 2024
Utilities Public
WaterSource Public
Zoning R-4