Renovated Triplex Near Gulf
For Sale
$799,000
226 Fairweather Ln, Fort Myers Beach, FL 33931
Three residences feature updated interiors, private outdoor areas, and flexible living arrangements near Fort Myers Beach amenities.
Property Size1,728 SF
Price / SF$462.38
Days on Market197
Property Features for 226 Fairweather Ln
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
front porch
elevated wooden deck
Building Details
Year Built
1972
Year Renovated
2026
Listing Agency:
Royal Shell Real Estate, Inc.
Listed By:
Jason Lomano · License #280500233
(239) 470-8628
Source:
Naplespropertyguide
Added: Apr 1
Changed: Oct 1
Last Checked: Oct 12 at 8:03PM
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 Royal Shell Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1972 and renovated in 2026, this triplex contains two matching one-bedroom, one-bath residences on the first level and a two-bedroom, one-bath residence upstairs. Each lower unit includes a living area, remodeled kitchen, stainless steel appliances, and a front porch. The upper residence adds an open living and dining area, updated kitchen, and elevated wood deck overlooking the backyard.
All three units share luxury vinyl plank flooring and refreshed bathrooms with new vanities, countertops, and contemporary showers. The property is positioned on Fairweather Lane in Fort Myers Beach, within a short walk of Gulf beaches, shopping, restaurants, beach bars, live music, and recreational activities. Its configuration supports varied occupancy arrangements, including residing in one residence while leasing the others.
All three units share luxury vinyl plank flooring and refreshed bathrooms with new vanities, countertops, and contemporary showers. The property is positioned on Fairweather Lane in Fort Myers Beach, within a short walk of Gulf beaches, shopping, restaurants, beach bars, live music, and recreational activities. Its configuration supports varied occupancy arrangements, including residing in one residence while leasing the others.
Key Highlights
- Triplex with two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Fully renovated in 2026; original construction dates to 1972
- All units include remodeled kitchens with brand‑new stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,872
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,440
$457.4K
Cap Rate 7%
$326,743
$326.7K
Cap Rate 9%
$254,133
$254.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$34.2K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$32.7K $18.91/SF
− OpEx
−$9.8K −$5.67/SF
NOI
$22.9K $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%
$457,440
Cap Rate 7%
$326,743
Cap Rate 9%
$254,133
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.9K – $381.2K
NOI $22,872 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$302.8K
$265.0K – $353.3K
NOI $21,196 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$543.9K
$475.9K – $634.5K
NOI $38,071 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
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Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences feature updated interiors, private outdoor areas, and flexible living arrangements near Fort Myers Beach amenities.
Where is this triplex located?
The property is located at 226 Fairweather Ln Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Triplex with two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Fully renovated in 2026; original construction dates to 1972; All units include remodeled kitchens with brand‑new stainless steel appliances
