Updated Duplex with Two-Story
For Sale
$299,900
1608 1608/1610 Avalon Pl, Fort Myers, FL 33901
Two one-bedroom units include dens, bathrooms, and refreshed kitchen, flooring, and bath finishes.
Property Size1,530 SF
Price / SF$196.01
Days on Market48
Property Features for 1608 1608/1610 Avalon Pl
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Multi-Family
Building Details
Year Built
1939
Listing Agency:
Coldwell Banker Realty
Listed By:
Dave Lambert · License #258027602
(678) 925-1296
Source:
Swfloridarealestate
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 7 at 1:53PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1939, this 1,530-square-foot duplex contains two residential units, each with one bedroom, a den, and one bathroom. Interior improvements include newer kitchen finishes, flooring, and bathroom updates. The property also includes a 19' x 20' garage, garden area, and two-story deck that expands the usable outdoor space.
Located at 1608/1610 Avalon Pl in Fort Myers, the property sits between 1st Street and 2nd Street and is approximately a 7-minute walk from the heart of Downtown Fort Myers. Restaurants, shopping, entertainment, events, and other downtown amenities are accessible from the property. The two-unit configuration supports use as an income-producing property, owner-occupied residence, or rental property.
Located at 1608/1610 Avalon Pl in Fort Myers, the property sits between 1st Street and 2nd Street and is approximately a 7-minute walk from the heart of Downtown Fort Myers. Restaurants, shopping, entertainment, events, and other downtown amenities are accessible from the property. The two-unit configuration supports use as an income-producing property, owner-occupied residence, or rental property.
Key Highlights
- Two‑unit duplex with 1,530 square feet
- Each unit includes 1 bedroom, a den, and 1 bathroom
- 19' x 20' garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,252
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,040
$405.0K
Cap Rate 7%
$289,314
$289.3K
Cap Rate 9%
$225,022
$225.0K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$30.3K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$28.9K $18.91/SF
− OpEx
−$8.7K −$5.67/SF
NOI
$20.3K $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%
$405,040
Cap Rate 7%
$289,314
Cap Rate 9%
$225,022
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.2K – $337.5K
NOI $20,252 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$268.1K
$234.6K – $312.8K
NOI $18,767 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$481.6K
$421.4K – $561.8K
NOI $33,709 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
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Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
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 one-bedroom units include dens, bathrooms, and refreshed kitchen, flooring, and bath finishes.
Where is this duplex located?
The property is located at 1608 1608/1610 Avalon Pl Fort Myers, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,530 square feet; Each unit includes 1 bedroom, a den, and 1 bathroom; 19' x 20' garage
