$4,500,000
1450 Gibson Street
Arcadia, FL 34266
Listing updated: June 5, 2026 at 12:31 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history184 days on market
- Status: ActiveDec 4, 2025
- Listed$4,900,000Dec 3, 2025
- Price reduced$4,500,000
Facts & features
- Property type
- Residential Income
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 184
- Subdivision
- Gilchrists East End Add
- County
- Desoto
- Year built
- 1983
- Living area
- 24,987 sq ft
- Price/sq ft
- $180
- Building area
- 26,573 sq ft (Public Records)
- Lot size
- 145,926 sq ft
- Lot category
- 2 to less than 5
- Flood zone
- X
- Annual taxes
- $29,670 (2024)
- Parcel #
- 31-37-25-0016-8030-0010
- Zoning
- R-4
- MLS #
- C7518538
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Interior Details
- Bedrooms
- 56
- Flooring
- Laminate, Tile
- Appliances
- Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Open Floorplan
- Laundry
- Common Area, Other
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Sidewalk
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Block, Slab
- Road surface
- Paved
Utilities
- Sewer
- Private Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2025-12-03
- On market date
- 2025-12-03
- Original list price
- $4,900,000
- MLS area
- 34266 - Arcadia
- Listing AOR
- Port Charlotte
- Status changed
- 2025-12-04
- Tax 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
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 5, 2026 at 12:31 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA