Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1905 Oakley Avenue Fort Myers, FL 33901

    View on Map
    Claim this Listing
    For Sale
    $369,000

    MULTI_FAMILY - Ranch - Fort Myers, FL

    Type:Single Family Residence
    Lot size:
    0.15 Acres
    Added:
    Mar 19, 2025
    Days on Market:
    408
    Last Refresh:
    Apr 30 at 10:06 pm

    Property Features for 1905 Oakley Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
    Pets allowed
    Yes
    Standard status
    Active
    APN
    35-44-24-P2-00834.0160
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PALMLEE PARK BLK 34 PB 6 PG 1 LOTS 16
    Tax Annual Amount
    4891

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Denise Chambre

    Listing agent Denise Chambre License #258008519

    Listing office Keller Williams Realty Fort Myers and the Islands 12840 University Dr, Fort Myers, FL

    Listing date Mar 19, 2025

    MLS# 225029304 Listing URL

    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.

    Overview

    Duplex in McGregor Corridor

    This well-maintained duplex is located in the desirable McGregor Corridor of Fort Myers, Florida. The property features impact windows, a roof installed in 2019, AC units from 2019, and water heaters from 2020 and 2012. Both units are equipped with washer and dryer. Unit B is a 2-bedroom, 1-bathroom unit with a screened lanai, currently rented for $1500 per month plus full electric. Unit A is a 1-bedroom, 1-bathroom unit, previously rented for $1200 per month plus full electric. Situated on a corner lot just off US 41 / Cleveland Ave., the duplex is within walking distance of Edison Mall. The property is not in a flood zone and has never flooded. Each unit has its own driveway and private entrance; Unit 1 fronts Oakley Ave., and Unit 2 fronts Kelly St. The property is suitable for investors looking to achieve a CAP rate in the 5s, or for owner-occupiers looking to live in one unit and rent the other. The property's income is $32,400, and expenses are $11,800, including $3500 for insurance, $4900 for taxes, $1560 for lawn care, and $1800 for water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.873385
    Latitude
    26.605697

    Nearby Similar for Sale

    • $475,000
      2,720 SF

      Fort Myers Church Opportunity

      Turnkey church in central Fort Myers with expansion potential.
      3538 South Street, Fort Myers, FL
      View Details
    • $759,900

      Office/Medical Units in South Fort Myers

      Updated office/medical units with spa tenant in South Fort Myers.
      12545 New Brittany Boulevard, Fort Myers, FL 33907
      View Details
    • $425,000

      Flex Space on Metro Parkway

      Flex space with showroom, offices, and warehouse component.
      11000 Metro Parkway, Fort Myers, FL 33966
      View Details
    • $385,000

      Established Nursery on Large Lot

      Turnkey nursery business with residential amenities on 1.12 acres.
      9320 Buckingham Road, Fort Myers, FL 33905
      View Details
    • $725,000

      Fort Myers Professional Space

      Professional space suitable for medical, legal, or educational purposes.
      2080 Collier Avenue, Fort Myers, FL 33901
      View Details
    • $699,900

      Fort Myers Commercial Building For Sale

      2,964 sq ft commercial building on high-traffic MLK corridor.
      3050 Michigan Avenue, Fort Myers, FL 33916
      View Details
    • $4,900,000

      Medical Office in Summerlin Corridor

      Value-add medical office building in a desirable Fort Myers location.
      12731 New Brittany Blvd, Fort Myers, FL 33907
      View Details
    • $1,100,000
      3,960 SF

      San Carlos Blvd Office Building

      Class B office building on high-traffic San Carlos Blvd.
      16048 SAN CARLOS BOULEVARD, FORT MYERS, FL 33908
      View Details
    • $370,000

      Fort Myers Commercial Condo

      Multi-tenant industrial office condo with showroom and warehouse space.
      12165 Metro Parkway, Fort Myers, FL 33966
      View Details
    • $665,665

      New Retail Plaza Investment Opportunity

      Newly built retail plaza with strong tenants and attractive returns.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • $5,500,000

      Leased Retail Center in Fort Myers

      100% leased retail center with redevelopment upside.
      4434-4458 Cleveland Ave, FORT MYERS, FL 33901
      View Details
    • $425,000

      Fort Myers Commercial Unit

      Second-story office unit with open floor plan and kitchenette.
      1910 Park Meadows Drive, Fort Myers, FL 33907
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near US 41, ideal for investors.
    Where is this duplex located?
    The property is located at 1905 Oakley Avenue Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Duplex in desirable McGregor Corridor.; Impact windows.; Roof and ACs (2019) are relatively new.
    (239) 247-2868
    We can help!
    Listing Contact
    Denise Chambre
    Real Estate License ID: 258008519
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!