Duplex With Remodeled
For Sale
$289,000
1512/1514 Oak Dr, Fort Myers, FL 33907
Two two-bedroom units provide flexibility for rental use or owner occupancy.
Property Size2,048 SF
Lot Size0.40 Acres
Price / SF$141.11
Days on Market13
Property Features for 1512/1514 Oak Dr
General Information
Standard status
Active
Size
2,048 SF
Lot size
0.40 Acres
Property subtype
Multi-Family
Occupancy
78%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1973
Year Renovated
2023
Buildings
1
Listing Agency:
Compass Florida LLC
Listed By:
Skirmantas Balciunas · License #258031523
(239) 244-5876
Source:
Swfloridahomeguide
Added: Oct 1
Changed: Oct 12
Last Checked: Oct 12 at 8:33PM
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
Investment Insights
Based on property information with market context.
This Fort Myers duplex contains two units, each with 2 bedrooms, 1 bathroom, and approximately 1,024 square feet. Both interiors have been remodeled, with updated kitchens, renovated bathrooms, and refreshed lighting. Flooring differs between the units: one has newly installed flooring, while the other has tile. A new roof is dated 2026.
The property is in a non-flood zone. Shopping, dining, entertainment, and everyday services are described as nearby. The two-unit configuration allows an owner to occupy one side and rent the other, or use both units as rentals.
The property is in a non-flood zone. Shopping, dining, entertainment, and everyday services are described as nearby. The two-unit configuration allows an owner to occupy one side and rent the other, or use both units as rentals.
Key Highlights
- Two‑unit duplex with approximately 2,048 square feet total
- Each unit has 2 bedrooms, 1 bathroom, and approximately 1,024 square feet
- Both units have remodeled kitchens and renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,121
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,420
$502.4K
Cap Rate 7%
$358,871
$358.9K
Cap Rate 9%
$279,122
$279.1K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$47.7K $23.28/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$45.7K $22.30/SF
− OpEx
−$20.6K −$10.04/SF
NOI
$25.1K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,420
Cap Rate 7%
$358,871
Cap Rate 9%
$279,122
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.8K
NOI $27,108 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,121 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$644.6K
$564.0K – $752.0K
NOI $45,122 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units provide flexibility for rental use or owner occupancy.
Where is this duplex located?
The property is located at 1512/1514 Oak Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,048 square feet total; Each unit has 2 bedrooms, 1 bathroom, and approximately 1,024 square feet; Both units have remodeled kitchens and renovated bathrooms
