Updated Two-Unit
For Sale
$390,000
17244/17246 Whitewater Ct, Fort Myers Beach, FL 33931
Leased duplex with refreshed interiors, newer appliances, and a recently replaced roof near Fort Myers Beach.
Property Size1,936 SF
Price / SF$201.45
Days on Market405
Property Features for 17244/17246 Whitewater Ct
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
Key to Florida Realty
Listed By:
Jeannie Blymyer · License #668000975
(419) 339-8515
Source:
Naplesareapropertysearch
Added: Sep 9, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:39AM
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.
Built in 1986, this 1,936-square-foot duplex contains two separate residences, each arranged with 2 bedrooms and 2 bathrooms. Both units have been recently refreshed with new kitchen appliances, updated finishes, and tile flooring. The roof is 2 years old, and unit 17244 has new HVAC equipment. Each side is currently leased, providing an occupied two-unit configuration for an income property buyer.
The property is located at 17244/17246 Whitewater Ct in Fort Myers, near Fort Myers Beach and within reach of Sanibel, Walmart, Publix, shopping, dining, and area attractions. Its proximity to coastal destinations and everyday retail supports the existing residential setting and provides access to both local services and recreation.
The property is located at 17244/17246 Whitewater Ct in Fort Myers, near Fort Myers Beach and within reach of Sanibel, Walmart, Publix, shopping, dining, and area attractions. Its proximity to coastal destinations and everyday retail supports the existing residential setting and provides access to both local services and recreation.
Key Highlights
- Two 2‑bedroom, 2‑bath units within a 1,936‑square‑foot duplex
- Both residences are currently leased
- Recently updated interiors with new kitchen appliances and tile floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,625
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,500
$512.5K
Cap Rate 7%
$366,071
$366.1K
Cap Rate 9%
$284,722
$284.7K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$38.3K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.6K $18.91/SF
− OpEx
−$11.0K −$5.67/SF
NOI
$25.6K $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%
$512,500
Cap Rate 7%
$366,071
Cap Rate 9%
$284,722
Alternative Uses
Best Use
Multifamily LT 5
$366.1K
$320.3K – $427.1K
NOI $25,625 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$339.2K
$296.8K – $395.8K
NOI $23,747 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$609.3K
$533.2K – $710.9K
NOI $42,654 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Leased duplex with refreshed interiors, newer appliances, and a recently replaced roof near Fort Myers Beach.
Where is this duplex located?
The property is located at 17244/17246 Whitewater Ct Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units within a 1,936‑square‑foot duplex; Both residences are currently leased; Recently updated interiors with new kitchen appliances and tile floors
