1450 E Gibson St, photo 1
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Overview

56 bd38 ba24,987 sqftMulti-family 5+
TypeMulti-family 5+
HOANone listed
Built1983
Lot145,926 sqft
Living area24,987 sqft
Price / sqft$172

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Open FloorplanSidewalkMicrowaveRangeRefrigerator

1450 E Gibson St is a 1983-built home in Gilchrists East End Add, Arcadia. Inside you'll find 56 bedrooms, 38 bathrooms, and 24,987 square feet of living space. Listed at $4,300,000 (about $172/sqft), 311 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1983
Price / sqft
$172
On market
311 days
Annual tax
$29,670
Flood zone
X · Low risk
Lot
145,926 sqft
Type
Multi-family 5+

At a glance

Multi-family
Built 1983
3.35 acres
Lot size
24,987 sqft
Living area

Payment

Est. monthly payment
$27,049/mo
Down payment (20%)
$860,000
Property taxes
$2,473/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Multi-Family 5+
Year Built
1983
Lot
145,926 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
311
Ceiling Fans(s)
Open Floorplan
Sidewalk
Microwave
Range
Refrigerator
Elementary
Nocatee Elementary School
Middle
DeSoto Middle School
High
DeSoto County High School

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2024)
$29,670
Parcel #
31-37-25-0016-8030-0010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Gilchrists East End Add
County
Desoto
MLS Area
34266 - Arcadia
Lot Size
145,926 sqft

Price history

Date
Event
Price
8/13/2026
Price change
Source: Stellar MLS #C7518538
$4,300,000-4.4%
$172/sqft
-
Price change
Source: Stellar MLS #C7518538
$4,500,000-8.2%
$180/sqft
12/3/2025
Listed for sale
Source: Stellar MLS #C7518538
$4,900,000
$196/sqft

Neighborhood

1450 E Gibson St
Arcadia, FL, 34266 · 34266 - Arcadia

Market insights

Offer Insights

Choose an offer strength

List price: $4,300,000
$4.10M – $4.30M
95.2% – 100% of listTops out right at the list price
80% of listList price
42 of the last 83 home closings in 34266 landed at this number or higher (51%). The median one sat 29 days before it went under contract, and this one is on day 311 after a $600,000 cut.

Sample: 83 closed home sales in 34266 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$27,049/mo
Principal & interest$22,426
Property taxes$2,473
Insurance$2,150
Down payment20% · $860,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$4,300,000

$172 per sq ft

Beds and baths

56 beds, 38 baths

Size

24,987 sq ft

Time on market

311 days

Year built

1983

Monthly payment

About $27,049/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $29,670 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered bySELLSTATE VISION REALTYListing agent: Savannah ZarrisListing data from Stellar MLS, MLS# C7518538.

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