Fire-Sprinkler
For Sale
$439,900
13201/203 1st St 203, Fort Myers, FL 33905
Two residences each include indoor laundry, impact-resistant windows and doors, and kitchens with islands and pantries.
Property Size2,200 SF
Price / SF$199.95
Days on Market9
Property Features for 13201/203 1st St 203
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2025
Listing Agency:
Compass Florida LLC
Listed By:
Mike Darda · License #252000001
(239) 256-3733
Source:
Naplesareapropertysearch
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 24 at 5:25PM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Built in 2025, this 2,200-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. Both have open-concept layouts, tile flooring throughout, an island kitchen with pantry, indoor laundry, and fire sprinkler systems. Impact-resistant windows and doors, city water and sewer, and an elevation exceeding 9 feet are additional property features. One residence is furnished; the furnishings are negotiable.
The property is in Fort Myers, with access to I-75, shopping, dining, and everyday services. The sprinkler systems may support senior care facility use, subject to applicable licensing, zoning, and regulatory approvals.
The property is in Fort Myers, with access to I-75, shopping, dining, and everyday services. The sprinkler systems may support senior care facility use, subject to applicable licensing, zoning, and regulatory approvals.
Key Highlights
- 2,200‑square‑foot duplex built in 2025
- Two residences, each with 3 bedrooms and 2 bathrooms
- Fire sprinkler systems throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,120
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,400
$582.4K
Cap Rate 7%
$416,000
$416.0K
Cap Rate 9%
$323,556
$323.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.6K $18.91/SF
− OpEx
−$12.5K −$5.67/SF
NOI
$29.1K $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%
$582,400
Cap Rate 7%
$416,000
Cap Rate 9%
$323,556
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,986 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$692.4K
$605.9K – $807.8K
NOI $48,470 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences each include indoor laundry, impact-resistant windows and doors, and kitchens with islands and pantries.
Where is this duplex located?
The property is located at 13201/203 1st St 203 Fort Myers, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,200‑square‑foot duplex built in 2025; Two residences, each with 3 bedrooms and 2 bathrooms; Fire sprinkler systems throughout both residences
