Separately Metered
For Sale
$361,900
10309 Kentucky St, Bonita Springs, FL 34135
Residential Income, Duplex, BONITA SPRINGS, FL
Property Size1,040 SF
Lot Size0.10 Acres
Price / SF$347.98
Days on Market18
Property Features for 10309 Kentucky St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TFC-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Pets allowed
Yes
Exterior features
Awning(s)
Subdivision
HEITMANS
Lot features
Regular, Regular
Standard status
Active
APN
35-47-25-B4-00237.0130
Size
1,040 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HEITMANS BONITA SPRINGS BLK 37 PB 6 PG 24 LOT 13
Tax Annual Amount
3200
Legal Description
HEITMANS BONITA SPRINGS BLK 37 PB 6 PG 24 LOT 13
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1979
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Premiere Plus Realty Company
Listed By:
Todd Mulholland
(239) 732-7837
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 22 at 10:06AM
MLS# 226035843
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1979, this 1,040-square-foot duplex has two residences and sits on a 0.098-acre parcel. The building is constructed of concrete block and stucco, with tile flooring, central air conditioning and electric central heat. Interior improvements include updated cabinetry and countertops, refreshed finishes, and select plumbing and electrical fixtures. The roof was replaced in 2015, and the property has a new water heater.
Located in Bonita Springs, the property is near downtown attractions including Riverside Park, the Bonita Springs Amphitheatre and the Imperial River. Zoning is TFC-2.
Located in Bonita Springs, the property is near downtown attractions including Riverside Park, the Bonita Springs Amphitheatre and the Imperial River. Zoning is TFC-2.
Key Highlights
- Two‑unit property with separate electric and water meters for each residence
- 1,040 square feet on a 0.098‑acre parcel
- Concrete block and stucco construction; built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,766
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,320
$275.3K
Cap Rate 7%
$196,657
$196.7K
Cap Rate 9%
$152,956
$153.0K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$20.6K $19.80/SF
− Vacancy
−$927 −$0.89/SF
EGI
$19.7K $18.91/SF
− OpEx
−$5.9K −$5.67/SF
NOI
$13.8K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,320
Cap Rate 7%
$196,657
Cap Rate 9%
$152,956
Alternative Uses
Best Use
Multifamily LT 5
$196.7K
$172.1K – $229.4K
NOI $13,766 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$182.2K
$159.5K – $212.6K
NOI $12,757 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$327.3K
$286.4K – $381.9K
NOI $22,913 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 34135, FL
45,518
Population
30,904
Households
1.5
Avg Household Size
60
Median Age
39%
College-Educated
88%
High-School Grad
61.8 sq mi
ZIP Area
737
Density / Sq Mi
$86,731
Median Household Income
$37,952
Median Earnings
$1,790
Median Rent
$419,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own electric and water meters, supporting independent utility billing.
Where is this duplex located?
The property is located at 10309 Kentucky St Bonita Springs, FL.
What is the asking price?
The asking price for this property is $361,900.
What are key features of this property?
This property features: Two‑unit property with separate electric and water meters for each residence; 1,040 square feet on a 0.098‑acre parcel; Concrete block and stucco construction; built in 1979
