Gulf-Access
For Sale
$425,000
2566 2nd St, Matlacha, FL 33993
The two apartments combine annual occupancy with vacation-rental use.
Property Size1,077 SF
Price / SF$394.61
Days on Market10
Property Features for 2566 2nd St
General Information
Standard status
Active
Size
1,077 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
private dock
Building Details
Year Built
1948
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Stephen M. Longest · License #258027486
(239) 292-7442
Source:
Naplesareahomesearch
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 24 at 2:55PM
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 Coldwell Banker Realty
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.
Built in 1948, this 1,077-square-foot duplex contains two one-bedroom, one-bathroom apartments. Both have tile flooring, stainless steel appliances, and painted interiors; the property received mitigation and updates in 2024. Fiber-cement board covers the lower four feet of the walls in Side B.
A private dock provides Gulf access, and residents also have use of a community boat ramp. Shops, galleries, and restaurants are steps away in Matlacha.
One apartment has an annual tenant, while the other is operated as a vacation rental. The two-unit configuration offers both rental uses within the same property.
A private dock provides Gulf access, and residents also have use of a community boat ramp. Shops, galleries, and restaurants are steps away in Matlacha.
One apartment has an annual tenant, while the other is operated as a vacation rental. The two-unit configuration offers both rental uses within the same property.
Key Highlights
- Two 1‑bedroom, 1‑bath units in a 1,077‑square‑foot duplex
- Private dock with Gulf access
- Community boat ramp available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,255
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,100
$285.1K
Cap Rate 7%
$203,643
$203.6K
Cap Rate 9%
$158,389
$158.4K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$21.3K $19.80/SF
− Vacancy
−$960 −$0.89/SF
EGI
$20.4K $18.91/SF
− OpEx
−$6.1K −$5.67/SF
NOI
$14.3K $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%
$285,100
Cap Rate 7%
$203,643
Cap Rate 9%
$158,389
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.2K – $237.6K
NOI $14,255 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$188.7K
$165.1K – $220.2K
NOI $13,211 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$339.0K
$296.6K – $395.5K
NOI $23,728 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 33993, FL
29,848
Population
13,098
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
43.7 sq mi
ZIP Area
683
Density / Sq Mi
$89,220
Median Household Income
$41,871
Median Earnings
$2,057
Median Rent
$319,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments combine annual occupancy with vacation-rental use.
Where is this duplex located?
The property is located at 2566 2nd St Matlacha, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units in a 1,077‑square‑foot duplex; Private dock with Gulf access; Community boat ramp available
