Two-Unit Duplex with Newer
17434 / 17436 E Carnegie Circle #436, Fort Myers, FL 33967
For Sale
$399,000
Duplex with separate residences, recent roof and septic improvements, and access to shopping, dining, and major roadways.
Property Size2,170 SF
Lot Size0.48 Acres
Price / SF$183.87
Days on Market53
Property Features for 17434 / 17436 E Carnegie Circle #436
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Realnet Florida Real Estate
(813) 819-8090
Listed By:
Ted Stout · License FL #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Sep 20
Changed: Nov 10
Last Checked: Nov 10 at 8:08AM
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 Realnet Florida Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two residential units on an approximately 20,720-square-foot lot. Constructed in 1985, the property has received several significant updates, including a metal roof installed in 2023 and replacement of the septic drain field in 2020. The air-conditioning system serving 17434 was replaced in 2020, while the system serving 17436 was installed in 2012.
Located in Fort Myers within the 33967 area, the property offers access to shopping, dining, and major roadways. The two-unit layout supports separate residential occupancy and provides a defined multifamily configuration for ownership or rental use.
Located in Fort Myers within the 33967 area, the property offers access to shopping, dining, and major roadways. The two-unit layout supports separate residential occupancy and provides a defined multifamily configuration for ownership or rental use.
Key Highlights
- Two‑unit duplex configuration
- Approximately 20,720‑square‑foot lot
- Metal roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,378
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,560
$547.6K
Cap Rate 7%
$391,114
$391.1K
Cap Rate 9%
$304,200
$304.2K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$41.1K $18.96/SF
− Vacancy
−$2.0K −$0.94/SF
EGI
$39.1K $18.02/SF
− OpEx
−$11.7K −$5.41/SF
NOI
$27.4K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,560
Cap Rate 7%
$391,114
Cap Rate 9%
$304,200
Alternative Uses
Best Use
Multifamily LT 5
$391.1K
$342.2K – $456.3K
NOI $27,378 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$360.8K
$315.7K – $420.9K
NOI $25,254 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$683.0K
$597.6K – $796.8K
NOI $47,809 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
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Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Myers, FL
Properties on Market for Duplexes in Fort Myers
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate residences, recent roof and septic improvements, and access to shopping, dining, and major roadways.
Where is this duplex located?
The property is located at 17434 / 17436 E Carnegie Circle #436 Fort Myers, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 20,720‑square‑foot lot; Metal roof installed in 2023
