Side-by-Side
For Sale
$415,000
1912/1914 French ST, Fort Myers, FL 33916
Two matching residences each offer three bedrooms, two bathrooms, and dedicated air conditioning.
Property Size2,340 SF
Price / SF$177.35
Days on Market73
Property Features for 1912/1914 French ST
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,838
Building Details
Building Size
2,340 SF
Year Built
2023
Buildings
1
Construction
solid block
Listing Agency:
LPT Realty, LLC
(410) 320-4868
Listed By:
Rebecca Giacobba · License #3240236
(561) 320-1424
Source:
Mdmnaplesrealestate
Added: Aug 19
Changed: Oct 30
Last Checked: Oct 29 at 2:33PM
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
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains 2,340 square feet of heated living area across two matching units. Each residence has three bedrooms, two bathrooms, and its own air-conditioning system. The property also features block construction and a fenced lot.
Key Highlights
- Completed in 2023
- 2,340 square feet of heated living area
- Two matching units, each with 3 bedrooms and 2 bathrooms
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each offer three bedrooms, two bathrooms, and dedicated air conditioning.
Where is this duplex located?
The property is located at 1912/1914 French ST 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: Completed in 2023; 2,340 square feet of heated living area; Two matching units, each with 3 bedrooms and 2 bathrooms
