Updated Duplex with Two-Story
For Sale
$299,900
1608/1610 Avalon Place, Fort Myers, FL 33901
Two residential units offer flexible layouts, a garage, and usable outdoor areas near downtown amenities.
Property Size1,530 SF
Price / SF$196.01
Days on Market48
Property Features for 1608/1610 Avalon Place
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Multi-Family
Building Details
Year Built
1939
Listing Agency:
Us Schwarz Immobilien Real Est
(305) 934-7352
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 19 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 Us Schwarz Immobilien Real Est
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Investment Insights
Based on property information with market context.
This duplex contains 1,530 square feet across two residential units, with each unit configured as one bedroom plus a den and one bathroom. Recent improvements include kitchen finishes, flooring, and bathroom updates. The property also includes a 19' x 20' garage, a garden area, and a two-story deck that expands the outdoor space.
Located at 1608/1610 Avalon Place 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 nearby. Built in 1939, the duplex supports residential occupancy with the flexibility of two separate units.
Located at 1608/1610 Avalon Place 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 nearby. Built in 1939, the duplex supports residential occupancy with the flexibility of two separate units.
Key Highlights
- Two‑unit duplex with 1,530 SF total
- Each unit includes 1 bedroom plus a den and 1 bathroom
- 19' x 20' garage, garden area, and two‑story deck
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
Explore this area
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 residential units offer flexible layouts, a garage, and usable outdoor areas near downtown amenities.
Where is this duplex located?
The property is located at 1608/1610 Avalon Place 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 SF total; Each unit includes 1 bedroom plus a den and 1 bathroom; 19' x 20' garage, garden area, and two‑story deck
