Newly Built
For Sale
$445,000
2156/2154 Edison Ave, Fort Myers, FL 33901
One residence is rented, while the second can support owner occupancy or another residential use.
Property Size2,340 SF
Price / SF$190.17
Days on Market71
Property Features for 2156/2154 Edison Ave
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Starlink Realty, Inc
Listed By:
Rosa Colon · License #258024578
(239) 841-9391
Source:
Findhousesinnaples
Added: Aug 17
Changed: Oct 16
Last Checked: Oct 24 at 5:33PM
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 Starlink Realty, Inc
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Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,340 square feet arranged as two matching residences. Each unit offers 3 bedrooms and 2 bathrooms, creating a configuration suited to an owner occupant who wants a separate rental residence or to continued two-unit operation. One unit is already rented, while the other provides the opportunity for personal occupancy.
The property sits across from the Fort Myers Ice Skating Rink and is minutes from Downtown Fort Myers. Restaurants, shopping, entertainment, I-75, Fort Myers International Airport, Punta Gorda Airport, Gulf beaches, marinas, schools, and hospitals are also identified as nearby destinations.
The property sits across from the Fort Myers Ice Skating Rink and is minutes from Downtown Fort Myers. Restaurants, shopping, entertainment, I-75, Fort Myers International Airport, Punta Gorda Airport, Gulf beaches, marinas, schools, and hospitals are also identified as nearby destinations.
Key Highlights
- 2024‑built duplex with 2,340 square feet
- Two units, each with 3 bedrooms and 2 bathrooms
- One unit is already rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,973
Cap Rate
6.96%
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 6.96%
Second Best
Apartment 5plus
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$736.5K
$644.4K – $859.3K
NOI $51,555 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is rented, while the second can support owner occupancy or another residential use.
Where is this duplex located?
The property is located at 2156/2154 Edison Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,340 square feet; Two units, each with 3 bedrooms and 2 bathrooms; One unit is already rented
