Renovated Two-Unit
New
For Sale
$279,999
1865/1867 Lafayette Street, Fort Myers, FL 33901
ResidentialIncome, Fort Myers, FL
Property Size1,344 SF
Lot Size0.26 Acres
Price / SF$208.33
Days on Market3
Property Features for 1865/1867 Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
NC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes
Subdivision
ALTAMONT PARK
Lot features
Corner Lot
Standard status
Active
APN
23-44-24-P2-0160C.0220
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALTAMONT PARK BLK C PB 5 PG 12 LOTS 22 THRU 25 INCL
Tax Annual Amount
4018
Legal Description
ALTAMONT PARK BLK C PB 5 PG 12 LOTS 22 THRU 25 INCL
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
carport
storage shed
Building Details
Year built
1954
Number of units
2
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Compass Florida LLC
(239) 268-8976
Listed By:
Skirmantas Balciunas · License #258031523
(239) 244-5876
Added: Oct 23
Last Checked: Oct 25 at 7:06PM
MLS# 2026044543
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Fort Myers duplex contains two 2-bedroom, 1-bathroom residences, totaling 1,344 square feet of living space. Renovation work includes updated kitchens and bathrooms, new flooring, interior paint, and light fixtures. The building was constructed in 1954 with block, concrete, and stucco materials; it has a shingle roof, vinyl flooring, and central heating and air conditioning. A newer roof is in place, while replacement windows and mini-split air-conditioning units for the right-side residence are scheduled for completion before closing.
Set on a 0.26-acre corner lot, the property is near Downtown Fort Myers and the River District, with shopping, dining, entertainment, and major roadways also noted nearby. Each residence has a covered carport, and a storage shed provides additional on-site storage. The property is in Flood Zone X and has public water and sewer service.
Set on a 0.26-acre corner lot, the property is near Downtown Fort Myers and the River District, with shopping, dining, entertainment, and major roadways also noted nearby. Each residence has a covered carport, and a storage shed provides additional on-site storage. The property is in Flood Zone X and has public water and sewer service.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom; 1,344 square feet total
- 0.26‑acre corner lot in Flood Zone X
- Renovated kitchens and bathrooms, with new flooring, interior paint, and light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,790
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,800
$355.8K
Cap Rate 7%
$254,143
$254.1K
Cap Rate 9%
$197,667
$197.7K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$25.4K $18.91/SF
− OpEx
−$7.6K −$5.67/SF
NOI
$17.8K $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%
$355,800
Cap Rate 7%
$254,143
Cap Rate 9%
$197,667
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,486 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$423.0K
$370.1K – $493.5K
NOI $29,611 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have covered carports, and the property includes a separate storage shed.
Where is this duplex located?
The property is located at 1865/1867 Lafayette Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,344 square feet total; 0.26‑acre corner lot in Flood Zone X; Renovated kitchens and bathrooms, with new flooring, interior paint, and light fixtures
