Updated Lakefront
For Sale
$799,000
3940 Bennett Ln, Bonita Springs, FL 34134
Three-residence layout includes renovated leased units and a vacant upper residence.
Property Size2,288 SF
Price / SF$349.21
Days on Market57
Property Features for 3940 Bennett Ln
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
lake access
two small docks
Lot Size Acres: 0.21, Lot Size Square Feet: 9191
Metal Roof
Sewer Type: Municipal
Total Taxes: $5,591, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Laminate Floor, Tile Floor
Has Central AC: 1
Forced Air Heating, Electric Heat Fuel
Kitchen
Laundry, Laundry Room
Sale, Sale Type: Foreclosure, Availability Date: 2026-08-31
5 Bedrooms
Residential Style: 1900, Building Style: Triplex, 2 Stories, Built in 1987, Renovation Year: 2025, Community Laundry
Subdivision Name: ARROYAL
Property Zone Type: 600, Above Area Square Feet: 2288, Lake View
Near Bus
4 Full Baths
Water Source: Municipal
Dining Room
Living Room
Waterfront Property, Lake Waterfront
Construction Type: Frame, Screened Porch
Wood Siding
Refrigerator
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Cachon Realty Group
Listed By:
Lisa Cachon
(239) 298-1991
Source:
Doyle-realty
Added: Aug 24
Changed: Oct 16
Last Checked: Oct 16 at 9:30AM
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 Cachon Realty Group
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Investment Insights
Based on property information with market context.
This lakefront triplex contains three distinct residences totaling 5 bedrooms and 4 full baths. The two first-floor homes each offer 1 bedroom and 1 bath and received plumbing and electrical improvements during 2025. The second-floor residence is vacant, recently renovated, and provides 3 bedrooms, 2 full baths, and approximately 1,200 square feet of living area. Its updated kitchen features white shaker cabinetry and quartz countertops, while a screened lanai overlooks the lake.
The property includes lake access, two small docks, and room for a pool. It is located at 3940 Bennett Ln in Bonita Springs, within the Arroyal subdivision, with access to Bonita Beach, Barefoot Beach, US-41, I-75, shopping, dining, and entertainment. The lower residences are currently leased, while the upper home offers additional occupancy flexibility.
The property includes lake access, two small docks, and room for a pool. It is located at 3940 Bennett Ln in Bonita Springs, within the Arroyal subdivision, with access to Bonita Beach, Barefoot Beach, US-41, I-75, shopping, dining, and entertainment. The lower residences are currently leased, while the upper home offers additional occupancy flexibility.
Key Highlights
- Three‑residence triplex totaling 5 bedrooms and 4 full baths
- Two first‑floor 1‑bedroom, 1‑bath residences renovated in 2025
- Vacant second‑floor residence with 3 bedrooms, 2 full baths, and approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,285
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,700
$605.7K
Cap Rate 7%
$432,643
$432.6K
Cap Rate 9%
$336,500
$336.5K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$45.3K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.3K $18.91/SF
− OpEx
−$13.0K −$5.67/SF
NOI
$30.3K $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%
$605,700
Cap Rate 7%
$432,643
Cap Rate 9%
$336,500
Alternative Uses
Best Use
Multifamily LT 5
$432.6K
$378.6K – $504.8K
NOI $30,285 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.8K
NOI $28,065 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$720.1K
$630.1K – $840.2K
NOI $50,409 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
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Business Placement
Demographics for 34134, FL
15,906
Population
15,051
Households
1.1
Avg Household Size
70
Median Age
55%
College-Educated
98%
High-School Grad
13.4 sq mi
ZIP Area
1,187
Density / Sq Mi
$122,102
Median Household Income
$56,170
Median Earnings
$1,814
Median Rent
$659,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-residence layout includes renovated leased units and a vacant upper residence.
Where is this triplex located?
The property is located at 3940 Bennett Ln Bonita Springs, 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: Three‑residence triplex totaling 5 bedrooms and 4 full baths; Two first‑floor 1‑bedroom, 1‑bath residences renovated in 2025; Vacant second‑floor residence with 3 bedrooms, 2 full baths, and approximately 1,200 square feet
