Updated Duplex with Leased
For Sale
$360,000
16871 Juanita Ave Unit 873, Fort Myers, FL 33908
Two separately leased residences include refreshed kitchens and tile flooring.
Property Size1,722 SF
Price / SF$209.06
Days on Market79
Property Features for 16871 Juanita Ave Unit 873
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Key to Florida Realty
Listed By:
Jeannie Blymyer · License #668000975
(419) 339-8515
Source:
Swfloridarealestate
Added: Aug 2
Changed: Oct 5
Last Checked: Oct 7 at 4:54PM
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 Key to Florida Realty
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units totaling 1,722 square feet. Both residences have been updated with new kitchen appliances, fresh finishes, and tile flooring. Each unit is currently leased, providing an established occupancy profile. The property also has a 2-year-old roof and has been maintained over time.
Located in Fort Myers, the property is near Fort Myers Beach, Sanibel, Walmart, Publix, shopping, dining, and area attractions. The asset is identified as a duplex and was built in 1989.
Located in Fort Myers, the property is near Fort Myers Beach, Sanibel, Walmart, Publix, shopping, dining, and area attractions. The asset is identified as a duplex and was built in 1989.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,722 square feet total
- Both units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,793
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,860
$455.9K
Cap Rate 7%
$325,614
$325.6K
Cap Rate 9%
$253,256
$253.3K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$34.1K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$32.6K $18.91/SF
− OpEx
−$9.8K −$5.67/SF
NOI
$22.8K $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%
$455,860
Cap Rate 7%
$325,614
Cap Rate 9%
$253,256
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,793 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,122 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$542.0K
$474.2K – $632.3K
NOI $37,939 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
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 leased residences include refreshed kitchens and tile flooring.
Where is this duplex located?
The property is located at 16871 Juanita Ave Unit 873 Fort Myers, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,722 square feet total; Both units currently leased
