Renovated
New
For Sale
$499,900
1248 Columbus Boulevard, Fort Myers, FL 33913
Each side offers a three-bedroom, two-bath layout, with a fenced backyard and updated impact-rated windows and doors.
Property Size2,166 SF
Price / SF$230.79
Days on Market3
Property Features for 1248 Columbus Boulevard
General Information
Standard status
Active
Size
2,166 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$55,000
Amenities
fenced backyard
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Affluent Realty of Florida Cor
Listed By:
Daymon Allmon · License #276545066
(561) 718-9067
Source:
Swfloridarealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 1:46PM
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 Affluent Realty of Florida Cor
Investment Insights
Based on property information with market context.
This duplex contains two renovated units, each configured with three bedrooms and two bathrooms, for a total of 2,166 square feet. A recent roof replacement and impact-rated windows and doors are among the property’s updates. The site also includes a fenced backyard.
Built in 2005, the property is located at 1248 Columbus Boulevard in Fort Myers, Florida.
Built in 2005, the property is located at 1248 Columbus Boulevard in Fort Myers, Florida.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,166 square feet total
- Roof is 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,670
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,400
$573.4K
Cap Rate 7%
$409,571
$409.6K
Cap Rate 9%
$318,556
$318.6K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$42.9K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$41.0K $18.91/SF
− OpEx
−$12.3K −$5.67/SF
NOI
$28.7K $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%
$573,400
Cap Rate 7%
$409,571
Cap Rate 9%
$318,556
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$379.6K
$332.1K – $442.8K
NOI $26,569 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$681.7K
$596.5K – $795.4K
NOI $47,721 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 33913, FL
28,216
Population
16,026
Households
1.8
Avg Household Size
54
Median Age
47%
College-Educated
95%
High-School Grad
101.0 sq mi
ZIP Area
279
Density / Sq Mi
$106,925
Median Household Income
$54,341
Median Earnings
$1,914
Median Rent
$439,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each side offers a three-bedroom, two-bath layout, with a fenced backyard and updated impact-rated windows and doors.
Where is this duplex located?
The property is located at 1248 Columbus Boulevard Fort Myers, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,166 square feet total; Roof is 2 years old
