Remodeled
New
For Sale
$289,000
1512 1512/1514 Oak Dr, Fort Myers, FL 33907
Each residence has two bedrooms, one bathroom, and renovated kitchens and baths.
Property Size2,048 SF
Lot Size0.40 Acres
Price / SF$141.11
Days on Market3
Property Features for 1512 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:
Swfloridarealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:34AM
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, built in 1973, contains two residences with approximately 1,024 square feet apiece and 2,048 square feet combined. Both sides have undergone extensive interior updates, including refreshed kitchens with new cabinets, counters, and appliances, along with renovated bathrooms featuring new vanities, flooring, and showers. Updated light fixtures and fresh paint are found throughout. One unit has newly installed flooring; the other has tile. A new roof was installed in 2026.
The property is in a non-flood zone, and flood insurance is not required by most lenders. Shopping, dining, and entertainment are nearby. The two-bedroom, one-bathroom layout is consistent across both units.
The property is in a non-flood zone, and flood insurance is not required by most lenders. Shopping, dining, and entertainment are nearby. The two-bedroom, one-bathroom layout is consistent across both units.
Key Highlights
- Two‑unit duplex with 2,048 square feet combined
- Each unit has 2 bedrooms, 1 bathroom, and approximately 1,024 square feet
- New roof installed in 2026
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.
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and renovated kitchens and baths.
Where is this duplex located?
The property is located at 1512 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 2,048 square feet combined; Each unit has 2 bedrooms, 1 bathroom, and approximately 1,024 square feet; New roof installed in 2026
