Two-Unit Duplex with Block
For Sale
$415,000
1912-1914 French Street, Fort Myers, FL 33916
Recently built, the property pairs two matching residences with separate central air conditioning.
Property Size2,340 SF
Price / SF$177.35
Days on Market75
Property Features for 1912-1914 French Street
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,838
Amenities
Central Air, Ceiling Fans, Electric, Yes
Central, Electric, Yes
Tile, Vinyl
4
6
Other
4.0
No
Shingle
Poured Concrete, Concrete Block
Duplex
Non Gated
Ranch, One Story, Duplex
Building Details
Year Built
2023
Buildings
1
Stories
1
Construction
solid block
Listing Agency:
LPT Realty, LLC
Listed By:
Rebecca Giacobba · License #456511526
(410) 320-4868
Source:
Compass
Added: Aug 15
Changed: Oct 27
Last Checked: Oct 28 at 11:05AM
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 LPT Realty, LLC
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.
Completed in 2023, this one-story duplex contains two matching units, each with three bedrooms and two bathrooms. The combined living area is 2,340 square feet. Concrete block construction and a fenced lot are among the property’s physical features, and each residence has its own central air conditioning.
Located in Fort Myers, the duplex offers a consistent layout across both residences, with tile and vinyl flooring noted among the interior finishes.
Located in Fort Myers, the duplex offers a consistent layout across both residences, with tile and vinyl flooring noted among the interior finishes.
Key Highlights
- Built in 2023
- Two matching units, each with 3 bedrooms and 2 bathrooms
- 2,340 square feet of combined living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,973
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,460
$619.5K
Cap Rate 7%
$442,471
$442.5K
Cap Rate 9%
$344,144
$344.1K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$46.3K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.2K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.0K $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%
$619,460
Cap Rate 7%
$442,471
Cap Rate 9%
$344,144
Alternative Uses
Best Use
Multifamily LT 5
$442.5K
$387.2K – $516.2K
NOI $30,973 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$736.5K
$644.4K – $859.3K
NOI $51,555 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 33916, FL
25,940
Population
12,480
Households
2.1
Avg Household Size
34
Median Age
21%
College-Educated
81%
High-School Grad
10.3 sq mi
ZIP Area
2,518
Density / Sq Mi
$49,353
Median Household Income
$32,770
Median Earnings
$1,363
Median Rent
$242,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently built, the property pairs two matching residences with separate central air conditioning.
Where is this duplex located?
The property is located at 1912-1914 French Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Built in 2023; Two matching units, each with 3 bedrooms and 2 bathrooms; 2,340 square feet of combined living area
