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Multifamily Property with Duplex and Cottage
For Sale
$389,000

1265 Monica Lane, North Fort Myers, FL 33903

ResidentialIncome, North Fort Myers, FL

Property SizeContact for details
Lot Size0.52 Acres
Days on Market31

Property Features for 1265 Monica Lane

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description RS-1
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 3
Pets allowed Yes
Subdivision NORTH FORT MYERS
Lot features Oversized Lot, Rectangular Lot
Standard status Active
APN 02-44-24-00-00050.0000
Lot size 0.52 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description E 140 FT OF W 470 FT OF N 160 FT OF S 660 FT OF S E 1/4 OF S W 1/4
Tax Annual Amount 3311
Legal Description E 140 FT OF W 470 FT OF N 160 FT OF S 660 FT OF S E 1/4 OF S W 1/4

Utilities

Sewer type Public Sewer, Septic Tank
Heating system Electric (Heating), Central
Cooling system Central Air, Window Unit(s), Electric
Water source Public

Building Details

Year built 1950
Floors in Building 1
Number of units 3
Flooring type Vinyl, Tile
Building materials Block, Concrete, Stone, WoodSiding, WoodFrame
Roof type Shingle
Architectural style Ranch
Listing Agency: Gulf Access Realty Inc
Listed By: Susan Larned · License #258012467
Added: Aug 12 Changed: Sep 4 Last Checked: Sep 11 at 6:06AM
MLS# 2026033528

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 multifamily property includes a 3/2 single-family residence measuring over 2,000 square feet, a duplex with two one-bedroom, one-bath apartments, and an additional one-bedroom cottage. Each duplex apartment is approximately 660 square feet and includes a living room, kitchen, and walk-in closets. The main residence also contains a former barbershop area. A substantial carport provides covered space for storage or work use.

The property encompasses 0.523 acres in North Fort Myers and was built in 1950 with ranch-style architecture. Construction materials include block, concrete, stone, wood siding, and wood framing. Interior flooring includes tile and vinyl. The buildings are served by public water, with electric heating and a mix of central and window-unit cooling. All units were recently occupied, with tenants relocating in connection with the sale.

Key Highlights

  • 0.523‑acre multifamily property in North Fort Myers
  • 3/2 single‑family residence with over 2,000 square feet
  • Duplex includes two 1‑bedroom, 1‑bath apartments

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Gym & Fitness Center Florist Locksmith Carpet & Flooring Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby

Demographics for 33903, FL

23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multiple residential structures include a three-bedroom home, two apartments, and a separate cottage on a spacious parcel.
Where is this multifamily property located?
The property is located at 1265 Monica Lane North Fort Myers, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 0.523‑acre multifamily property in North Fort Myers; 3/2 single‑family residence with over 2,000 square feet; Duplex includes two 1‑bedroom, 1‑bath apartments
More about this property
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