541 Prospect Avenue Fort Myers, FL 33905

Building Details

Year built

1983

Floors in Building

1

Architectural style

Other

Listing agent Jacob Mossholder License #258034564 Show Phone

Listing office Premier Agent Network 27315 Jefferson Ave., St. Johns, FL Show Phone

Listing date Mar 29, 2026

Report an issue

MLS# 2026014902

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Investment Insights

Based on property information with market context.

This stabilized, income-producing multifamily property in Fort Myers, Florida, features 46 units. Constructed in 1983 and maintained under long-term ownership, the property consists of 23 duplexes, each configured with 2 bedrooms and 1 bath. The property offers a current annual gross rental projection of $565,800. The investment delivers a 5.29% capitalization rate (based on a 40% expense ratio). The price per door is $139,565. The property presents compelling rent upside potential of approximately $516,672 in additional annual income should rents reach the Lee County SHIP 2-Bedroom Fair Market Rent (FMR) benchmark of $1,961/month. Applying the FMR with a 38% operating expense ratio and 5% vacancy, the pro forma cap rate recasts to 9.93%. The property is ideally positioned for yield-focused investors, regional multifamily operators, and 1031 exchange buyers seeking stabilized income with significant upside in the Greater Fort Myers submarket. The lot size is 3.66 acres.

Key Highlights

• Stabilized, income‑producing 46‑unit multifamily property.
• Significant rent upside potential of approximately $516,672 annually.
• Competitive entry point at $139,565 per door in the Fort Myers multifamily market.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $759,900

  3,264 SF

  Office/Medical Suite with Spa Tenant

  Two updated office/medical units offer an income-leaning setup with a spa lease through 2028 and an available companion suite.

  12545 New Brittany Boulevard, Fort Myers, FL 33907

  View Details
• 

  $1,100,000

  3,960 SF

  San Carlos Blvd Office Building

  Class B office building on high-traffic San Carlos Blvd.

  16048 SAN CARLOS BOULEVARD, FORT MYERS, FL 33908

  View Details
• 

  $2,800,000

  5,800 SF

  C1 Flex Office and Industrial Site

  Multiple building options on one C1-zoned site support businesses needing office space alongside flexible expansion.

  3671 Fowler St, FORT MYERS, FL 33901

  View Details
• 

  $5,500,000

  22,170 SF

  Leased Retail Center in Fort Myers

  100% leased retail center with redevelopment upside.

  4434-4458 Cleveland Ave, FORT MYERS, FL 33901

  View Details
• 

  $1,200,000

  Corner Retail-Use Building

  Fully renovated corner property with flexible multi-unit configuration, strong frontage, and fenced rear lot for storage or operations.

  2730 Fowler Street, Fort Myers, FL 33901

  View Details
• 

  $995,000

  5,874 SF

  Remodeled Office Condo Suite

  Third-floor office condo with 24-hour controlled access and potential rooftop terrace, with water included in CAM.

  2401 First Street, Fort Myers, FL 33901

  View Details
• 

  $1,100,000

  Church Building with Conversion Potential

  Well-maintained church building with kitchenette, multiple rooms, and flexible interior space for office, medical, education, or faith use.

  3657 Central Avenue, Fort Myers, FL 33901

  View Details
• 

  $1,200,000

  4,688 SF

  Mixed-Use Property with Fenced Parking

  Three distinct income spaces upstairs residential and ground-floor studio, supported by dedicated fenced parking for tenants and visitors.

  2251 GRAND AVENUE, FORT MYERS, FL 33901

  View Details
• 

  $555,000

  2,042 SF

  Remodeled Duplex with Private Lanais

  Two fully remodeled 2BR/2BA units, each with private lanai and separate laundry.

  8264-8268 Matanzas Rd, FORT MYERS, FL 33967

  View Details
• 

  $3,400,000

  Concrete Block Medical Office Portfolio

  Four concrete block office buildings on 2.72 acres with strong occupancy, frontage on Broadway, and ample parking.

  3900 Broadway, Fort Myers, FL 33901

  View Details
• 

  $3,495,000

  7,500 SF

  Waterfront Fort Myers Warehouse Opportunity

  Waterfront industrial warehouse with loading docks near Downtown Fort Myers.

  3131 E Riverside Drive, Fort Myers, FL 33916

  View Details
• 

  $4,900,000

  Two-Story Freestanding Medical Office

  Two-story concrete block medical building with surgical buildout and flexible occupancy options for owner-users or investors.

  12731 New Brittany Blvd, Fort Myers, FL 33907

  View Details

FAQs

What type of property is this?

Duplex - 46-unit multifamily property in Fort Myers with income and upside.

Where is this duplex located?

The property is located at 541 Prospect Avenue Fort Myers, FL.

What is the asking price?

The asking price for this property is $6,420,000.

What are key features of this property?

This property features: Stabilized, income‑producing 46‑unit multifamily property.; Significant rent upside potential of approximately $516,672 annually.; Competitive entry point at $139,565 per door in the Fort Myers multifamily market.