Two-Unit Duplex with Separate
For Sale
$361,900
10309 Kentucky St #313, Bonita Springs, FL 34135
Each residence has independent electric and water meters, supporting separate utility billing.
Property Size1,040 SF
Price / SF$347.98
Days on Market8
Property Features for 10309 Kentucky St #313
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
Individually Metered Utilities
electric, water
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 30 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Xclusive Homes LLC
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Investment Insights
Based on property information with market context.
This 1979 duplex contains 1,040 square feet, with separate electric and water meters for each unit. Interior features include porcelain tile flooring, updated cabinetry and countertops, refreshed finishes, and select plumbing and electrical fixtures. Ceiling fans are also present. The roof was replaced in 2015, and the property has a new water heater.
The property is near Downtown Bonita Springs, Riverside Park, the Bonita Springs Amphitheatre, and the Imperial River. Gulf beaches are a short drive away.
The property is near Downtown Bonita Springs, Riverside Park, the Bonita Springs Amphitheatre, and the Imperial River. Gulf beaches are a short drive away.
Key Highlights
- Two‑unit duplex with separate electric and water meters for each residence
- 1,040 square feet; built in 1979
- Porcelain tile flooring throughout, with updated cabinets and countertops
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent electric and water meters, supporting separate utility billing.
Where is this duplex located?
The property is located at 10309 Kentucky St #313 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 duplex with separate electric and water meters for each residence; 1,040 square feet; built in 1979; Porcelain tile flooring throughout, with updated cabinets and countertops
