Concrete Block
2032 2032-2040 Wright St, Fort Myers, FL 33916
For Sale
$450,000
Three separately configured residences offer durable construction and practical in-unit amenities for rental use.
Property Size1,674 SF
Price / SF$268.82
Days on Market52
Property Features for 2032 2032-2040 Wright St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
tile flooring
central electric A/C and heating
in-residence laundry
Building Details
Year Built
Construction
Listing Agency:
Align Right Realty K1 Group
Listed By:
Karen Lewis · License #B26051169
(954) 248-9149
Source:
Swfloridarealestate
Added: Sep 19
Changed: Oct 26
Last Checked: Oct 7 at 3:54PM
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
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Investment Insights
Based on property information with market context.
Built in 1961, this concrete block triplex contains three two-bedroom, one-bath residences totaling approximately 1,674 square feet. Each unit measures approximately 558 square feet and includes tile flooring, central electric air conditioning and heating, and in-residence laundry. The three-unit layout provides a defined multifamily configuration within a compact property footprint.
The property is located at 2032-2040 Wright St in Fort Myers, near Downtown Fort Myers and within minutes of shopping, dining, entertainment, employment centers, and major roadways. Its established construction and individual residential layouts provide a straightforward format for an owner seeking a small multifamily asset.
The property is located at 2032-2040 Wright St in Fort Myers, near Downtown Fort Myers and within minutes of shopping, dining, entertainment, employment centers, and major roadways. Its established construction and individual residential layouts provide a straightforward format for an owner seeking a small multifamily asset.
Key Highlights
- Three‑unit multifamily property with three 2‑bedroom, 1‑bath residences
- Approximately 1,674 square feet of total living area
- Each residence measures approximately 558 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,120
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,400
$422.4K
Cap Rate 7%
$301,714
$301.7K
Cap Rate 9%
$234,667
$234.7K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$31.7K $18.96/SF
− Vacancy
−$1.6K −$0.94/SF
EGI
$30.2K $18.02/SF
− OpEx
−$9.1K −$5.41/SF
NOI
$21.1K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,400
Cap Rate 7%
$301,714
Cap Rate 9%
$234,667
Alternative Uses
Best Use
Multifamily LT 5
$301.7K
$264.0K – $352.0K
NOI $21,120 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$278.3K
$243.5K – $324.7K
NOI $19,481 @ 7.0% cap · market cap 4.33%
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
691
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
Properties on Market for Triplexes in Lee County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately configured residences offer durable construction and practical in-unit amenities for rental use.
Where is this triplex located?
The property is located at 2032 2032-2040 Wright St 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‑unit multifamily property with three 2‑bedroom, 1‑bath residences; Approximately 1,674 square feet of total living area; Each residence measures approximately 558 square feet
