Remodeled Income-Producing Fort Myers Beach
For Sale
$1,350,000
113-119 Fairweather Ln, Fort Myers Beach, FL 33931
Steps from the beach, remodeled in 2025, income-producing property.
Property Size4,112 SF
Price / SF$328.31
Days on Market419
Property Features for 113-119 Fairweather Ln
General Information
Standard status
Active
Size
4,112 SF
Property subtype
Multi-Family
Building Details
Year Built
1957
Listing Agency:
DomainRealty.com LLC
Listed By:
Daniel Clarkston · License #258027589
(239) 747-5587
Source:
Naplespropertyguide
Added: Aug 26, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:38AM
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 DomainRealty.com LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property is an income-producing asset located steps from the shoreline of Fort Myers Beach. The property was completely remodeled and completed in late 2025. Each unit is designed to maximize comfort, natural light, and functionality, appealing to both long-term residents and short-term vacation tenants. The property features updated interiors, modern kitchens, and well-maintained bathrooms, with ample parking and private outdoor space. It is located in a desirable area close to restaurants, shops, marinas, live entertainment, and the future redeveloped Times Square district. The location allows weekly rentals with one guest per week, regardless of reservation length. This property is suitable for expanding portfolios or searching for a reliable cash-flowing asset.
Key Highlights
- Steps from Fort Myers Beach shoreline, offering desirable island living.
- Income‑producing 4‑plex with strong rental performance.
- Completely remodeled in late 2025 with updated interiors and modern amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,428
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,560
$1.1M
Cap Rate 7%
$777,543
$777.5K
Cap Rate 9%
$604,756
$604.8K
Market Conditions
NOI Build-Up for 4,112 SF
Gross rent
$81.4K $19.80/SF
− Vacancy
−$3.7K −$0.89/SF
EGI
$77.8K $18.91/SF
− OpEx
−$23.3K −$5.67/SF
NOI
$54.4K $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%
$1,088,560
Cap Rate 7%
$777,543
Cap Rate 9%
$604,756
Alternative Uses
Best Use
Multifamily LT 5
$777.5K
$680.4K – $907.1K
NOI $54,428 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$720.6K
$630.5K – $840.7K
NOI $50,439 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,596 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Steps from the beach, remodeled in 2025, income-producing property.
Where is this quadplex located?
The property is located at 113-119 Fairweather Ln Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Steps from Fort Myers Beach shoreline, offering desirable island living.; Income‑producing 4‑plex with strong rental performance.; Completely remodeled in late 2025 with updated interiors and modern amenities.
