Duplex with River
For Sale
$439,000
1818/1822 Stevenson Rd, North Fort Myers, FL 33917
Duplex offers two units with 3/2 main and 1/1 second unit, plus screened lanai and 1-car garage.
Property Size2,401 SF
Price / SF$182.84
Days on Market163
Property Features for 1818/1822 Stevenson Rd
General Information
Standard status
Active
Size
2,401 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
TFC-2
Additional Details
Multifamily Units
2
Amenities
screened lanai
Building Details
Year Built
1982
Listing Agency:
The Keyes Company
Listed By:
Stacy Gebig · License #258008895
(239) 543-5228
Source:
Napleshomesearcher
Added: May 14
Changed: Oct 1
Last Checked: Oct 23 at 7:39AM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This duplex includes a 3-bedroom, 2-bath main home and a 1-bedroom, 1-bath second unit, providing flexible living arrangements. The main home features a screened lanai and a 1-car garage, with spacious living areas ready for personal updates. Additional land area is noted as over half an acre, offering room for future plans under the property’s TFC-2 zoning designation.
The setting is described as tucked away on a quiet dead-end street, with views of the Caloosahatchee River. The remarks also note proximity to waterfront dining, shopping, entertainment, and marinas in Southwest Florida.
The property is offered as a for-sale investment and residence option, with an adjacent property at 1808 Stevenson Rd mentioned as available under a separate listing.
The setting is described as tucked away on a quiet dead-end street, with views of the Caloosahatchee River. The remarks also note proximity to waterfront dining, shopping, entertainment, and marinas in Southwest Florida.
The property is offered as a for-sale investment and residence option, with an adjacent property at 1808 Stevenson Rd mentioned as available under a separate listing.
Key Highlights
- 1982‑built property with two units: 3 bed/2 bath main home and 1 bed/1 bath second unit
- Over half an acre on a quiet dead‑end street with views of the Caloosahatchee River
- Main home includes a screened lanai and a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,780
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,600
$635.6K
Cap Rate 7%
$454,000
$454.0K
Cap Rate 9%
$353,111
$353.1K
Market Conditions
NOI Build-Up for 2,401 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,600
Cap Rate 7%
$454,000
Cap Rate 9%
$353,111
Alternative Uses
Best Use
Multifamily LT 5
$454.0K
$397.3K – $529.7K
NOI $31,780 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.9K
NOI $29,451 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$755.7K
$661.2K – $881.7K
NOI $52,899 @ 7.0% cap · market cap 12.05%
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
34
Businesses Nearby
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Business Placement
Demographics for 33917, FL
30,702
Population
18,789
Households
1.6
Avg Household Size
61
Median Age
19%
College-Educated
89%
High-School Grad
65.5 sq mi
ZIP Area
469
Density / Sq Mi
$54,198
Median Household Income
$35,670
Median Earnings
$1,320
Median Rent
$170,100
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 - Duplex offers two units with 3/2 main and 1/1 second unit, plus screened lanai and 1-car garage.
Where is this duplex located?
The property is located at 1818/1822 Stevenson Rd North Fort Myers, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1982‑built property with two units: 3 bed/2 bath main home and 1 bed/1 bath second unit; Over half an acre on a quiet dead‑end street with views of the Caloosahatchee River; Main home includes a screened lanai and a 1‑car garage
