Duplex with Fire
New
For Sale
$439,900
13201/203 1st St #203, Fort Myers, FL 33905
Two separately configured residences include indoor laundry rooms and one furnished unit.
Property Size2,200 SF
Price / SF$199.95
Days on Market6
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
Amenities
indoor laundry room
Building Details
Year Built
2025
Listing Agency:
John R. Wood Properties
(239) 283-1028
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 7:26AM
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 John R. Wood Properties
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Investment Insights
Based on property information with market context.
This 2025-built duplex in Fort Myers contains 2,200 SF across two residences, each with three bedrooms, two bathrooms, an indoor laundry room, and an open-concept layout. Both units have tile flooring, impact-resistant windows and doors, island kitchens with pantries, and fire sprinkler systems. City water and sewer serve the property, and its elevation exceeds 9 feet. One residence is furnished; furnishings are negotiable.
The property offers access to I-75 and is near shopping, dining, and everyday conveniences. Its two-unit configuration allows an owner to occupy one residence while leasing the other, or to operate both as rentals. The sprinkler systems may support senior care facility use, subject to applicable licensing, zoning, and regulatory approvals.
The property offers access to I-75 and is near shopping, dining, and everyday conveniences. Its two-unit configuration allows an owner to occupy one residence while leasing the other, or to operate both as rentals. The sprinkler systems may support senior care facility use, subject to applicable licensing, zoning, and regulatory approvals.
Key Highlights
- 2025 construction with 2,200 SF across two residences
- Each unit has 3 bedrooms, 2 bathrooms, and an indoor laundry room
- 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?
See the owner, sales and loan history
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 separately configured residences include indoor laundry rooms and one furnished unit.
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: 2025 construction with 2,200 SF across two residences; Each unit has 3 bedrooms, 2 bathrooms, and an indoor laundry room; Fire sprinkler systems throughout both residences
