Updated Triplex with
For Sale
$399,000
2640 Saint Charles St, Fort Myers, FL 33916
Three-unit property with refreshed kitchens and baths, tile flooring throughout, and a sizable backyard.
Property Size1,600 SF
Price / SF$249.38
Days on Market54
Property Features for 2640 Saint Charles St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Building Details
Year Built
1961
Listing Agency:
Us Schwarz Immobilien Real Est
(305) 934-7352
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 8:28AM
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 Us Schwarz Immobilien Real Est
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Investment Insights
Based on property information with market context.
Built in 1961, this triplex offers three separate residential units within a 1,600-square-foot property. Interior updates include renovated kitchens and bathrooms, while tile flooring extends throughout the residences. The property also includes a large backyard, adding outdoor space to the configuration.
Located at 2640 Saint Charles St in Fort Myers, the property is near the river district, downtown Fort Myers, shopping, entertainment, and restaurants. It is also situated within the MLK BLVD redevelopment area.
Located at 2640 Saint Charles St in Fort Myers, the property is near the river district, downtown Fort Myers, shopping, entertainment, and restaurants. It is also situated within the MLK BLVD redevelopment area.
Key Highlights
- Three‑unit triplex configuration
- Updated kitchens and bathrooms
- Tile flooring throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,178
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,560
$423.6K
Cap Rate 7%
$302,543
$302.5K
Cap Rate 9%
$235,311
$235.3K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$30.3K $18.91/SF
− OpEx
−$9.1K −$5.67/SF
NOI
$21.2K $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%
$423,560
Cap Rate 7%
$302,543
Cap Rate 9%
$235,311
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$280.4K
$245.3K – $327.1K
NOI $19,626 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,251 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,050
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with refreshed kitchens and baths, tile flooring throughout, and a sizable backyard.
Where is this triplex located?
The property is located at 2640 Saint Charles St Fort Myers, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Updated kitchens and bathrooms; Tile flooring throughout the property
