Duplex with River
1818/1822 Stevenson Road North Fort Myers, FL 33917
New
For Sale
$439,000
Duplex offers two units with 3/2 main and 1/1 second unit, plus screened lanai and 1-car garage.
Property Size1,852 SF
Price / SF$237.04
Days on Market2
Property Features for 1818/1822 Stevenson Road
General Information
- Standard status
- Active
- Size
- 1,852 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1982
Listing Agency:
THE KEYES COMPANY
(239) 841-1998
Listed By:
Stacy Gebig · License #258008895
Source:
Selldaytonacondos
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 5:04AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $35.0k | $18.91 |
| − OpEx | −$10.5k | −$5.67 |
| NOI | $24.5k | $13.24 |
1,852 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.6K
NOI $24,514 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$582.9K
$510.0K – $680.1K
NOI $40,803 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 Road 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
