Three-Unit Concrete Block
For Sale
$450,000
2031-2040 Wright, Fort Myers, FL 33916
Each residence includes tile flooring, central electric HVAC, and in-unit laundry.
Property Size1,674 SF
Price / SF$268.82
Days on Market47
Property Features for 2031-2040 Wright
General Information
Standard status
Active
Size
1,674 SF
Property subtype
Residential Income
Zoning
RM-12
Net Operating Income
$50,400
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,508
Amenities
in-residence laundry
Building Details
Building Size
1,674 SF
Year Built
1961
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
Align Right Realty K1 Group
Listed By:
Karen Lewis · License #B26051169
(954) 248-9149
Source:
Laerrealty
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 16 at 6:14AM
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 Align Right Realty K1 Group
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.
Located at 2031-2040 Wright in Fort Myers, this three-unit multifamily property contains 1,674 square feet of total living area. The configuration includes three 2-bedroom, 1-bath residences, each measuring approximately 558 square feet. Built in 1961, the property features concrete block construction and RM-12 zoning.
Interior features include tile flooring, central electric air conditioning and heating, and laundry facilities within each residence. The property is situated minutes from Downtown Fort Myers, with access to shopping, dining, entertainment, employment centers, and major roadways.
Interior features include tile flooring, central electric air conditioning and heating, and laundry facilities within each residence. The property is situated minutes from Downtown Fort Myers, with access to shopping, dining, entertainment, employment centers, and major roadways.
Key Highlights
- Three 2‑bedroom, 1‑bath units
- 1,674 square feet of total living area
- Each unit measures approximately 558 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,158
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,160
$443.2K
Cap Rate 7%
$316,543
$316.5K
Cap Rate 9%
$246,200
$246.2K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$33.1K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$31.7K $18.91/SF
− OpEx
−$9.5K −$5.67/SF
NOI
$22.2K $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%
$443,160
Cap Rate 7%
$316,543
Cap Rate 9%
$246,200
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$277.0K – $369.3K
NOI $22,158 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$293.3K
$256.7K – $342.2K
NOI $20,534 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$526.9K
$461.0K – $614.7K
NOI $36,882 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
691
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?
Triplex - Each residence includes tile flooring, central electric HVAC, and in-unit laundry.
Where is this triplex located?
The property is located at 2031-2040 Wright Fort Myers, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units; 1,674 square feet of total living area; Each unit measures approximately 558 square feet
