Newly Built Side-by-Side
For Sale
$430,000
1912 /1914 French St, Fort Myers, FL 33916
Two matching units feature dedicated A/C, three bedrooms, two baths, and a fenced lot.
Property Size2,340 SF
Price / SF$183.76
Days on Market55
Property Features for 1912 /1914 French St
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fenced lot
Building Details
Year Built
2023
Construction
block
Listing Agency:
LPT Realty, LLC
Listed By:
Rebecca Giacobba · License #3240236
(410) 320-4868
Source:
Swfloridarealestate
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 7 at 3:02PM
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 side-by-side duplex contains two matching residential units with a practical, low-maintenance configuration. Each unit includes three bedrooms, two bathrooms, dedicated A/C, and 1,170 square feet of heated living space, for a combined 2,340 square feet. Solid block construction adds to the building’s physical specifications, while the fenced lot provides defined outdoor boundaries.
The property is located in Fort Myers within the Fairdale subdivision. Its identical unit layout offers consistency across both residences, with separate climate control for each side. The duplex format supports ownership of two residential units within one building, subject to the buyer’s intended use and applicable requirements.
The property is located in Fort Myers within the Fairdale subdivision. Its identical unit layout offers consistency across both residences, with separate climate control for each side. The duplex format supports ownership of two residential units within one building, subject to the buyer’s intended use and applicable requirements.
Key Highlights
- 2023 construction
- Two identical 3‑bedroom, 2‑bath units
- 2,340 sq ft of heated living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,973
Cap Rate
7.20%
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 7.20%
Second Best
Apartment 5plus
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$736.5K
$644.4K – $859.3K
NOI $51,555 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units feature dedicated A/C, three bedrooms, two baths, and a fenced lot.
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 $430,000.
What are key features of this property?
This property features: 2023 construction; Two identical 3‑bedroom, 2‑bath units; 2,340 sq ft of heated living space
