Building Details

Year Built 1967

Listing Agency: Home Sold Realty LLC

Listed By: Camilo Perez · License #3467504 Show Phone

Source: Propertiesforsaleinswflorida

Added: Jul 4 Changed: Oct 1 Last Checked: Oct 16 at 8:58AM

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Investment Insights

Based on property information with market context.

Located at 2839/2841 Evans Ave in Fort Myers, this duplex contains two residential units, each with two bedrooms and one bathroom. The property was built in 1967 and has undergone extensive interior and exterior updates, including luxury vinyl flooring, new baseboards, shaker-style kitchen cabinetry, tiled backsplashes, oversized sinks, stainless steel appliances, and refreshed bathrooms. New shingle roofing, water heaters, air conditioners, and impact-resistant front windows add further improvements. City water and sewer serve the property, and both sides are described as ready for occupancy. The duplex is minutes from Edison Mall and the center of Fort Myers.

Key Highlights

• Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
• New shingle roof, water heaters, and air conditioners
• Updated kitchens with shaker cabinets, tiled backsplashes, oversized sinks, and stainless steel appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,884

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,680 $317.7K

Cap Rate 7%

$226,914 $226.9K

Cap Rate 9%

$176,489 $176.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$23.8K $19.80/SF

− Vacancy

−$1.1K −$0.89/SF

EGI

$22.7K $18.91/SF

− OpEx

−$6.8K −$5.67/SF

NOI

$15.9K $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%

$317,680

Cap Rate 7%

$226,914

Cap Rate 9%

$176,489

Alternative Uses

Best Use

Multifamily LT 5

$226.9K

$198.6K – $264.7K (±1% cap)

NOI $15,884 @ 7.0% cap · market cap 5.37%

Second Best

Apartment 5plus

$210.3K

$184.0K – $245.3K (±1% cap)

NOI $14,719 @ 7.0% cap · market cap 4.97%

Theoretical Best

Office A

$377.7K

$330.5K – $440.6K (±1% cap)

NOI $26,438 @ 7.0% cap · market cap 8.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Skin Care Clinic Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,015

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences offer two bedrooms, one bathroom, updated kitchens, and separate utility service.

Where is this duplex located?

The property is located at 2839/2841 Evans Ave Fort Myers, FL.

What is the asking price?

The asking price for this property is $295,900.

What are key features of this property?

This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; New shingle roof, water heaters, and air conditioners; Updated kitchens with shaker cabinets, tiled backsplashes, oversized sinks, and stainless steel appliances