Triplex with Rental
New
For Sale
$400,000
4231 Scott Ave, Fort Myers, FL 33905
Three residential units and a separately rented garage provide distinct rental components at one Fort Myers property.
Property Size2,353 SF
Days on Market4
Property Features for 4231 Scott Ave
General Information
Standard status
Active
Size
2,353 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,609
Building Details
Building Size
2,353 SF
Year Built
1925
Units
3
Listing Agency:
Precision Realty Group
Listed By:
Jordan Smith · License #258028678
(239) 565-0104
Source:
Elliman
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 10:13AM
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 Precision Realty Group
Investment Insights
Based on property information with market context.
This Fort Myers triplex contains three residential units and a separately rented two-car garage. The property measures 2,353 square feet and has driveway parking. Its roof was replaced in 2024. Long-term tenants occupy the units and have expressed interest in remaining.
The property is near Palm Beach Boulevard, with access to shopping, dining, and major roadways.
The property is near Palm Beach Boulevard, with access to shopping, dining, and major roadways.
Key Highlights
- Three residential units in a triplex
- Separately rented 2‑car garage
- 2,353 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,145
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,900
$622.9K
Cap Rate 7%
$444,929
$444.9K
Cap Rate 9%
$346,056
$346.1K
Market Conditions
NOI Build-Up for 2,353 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.5K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$622,900
Cap Rate 7%
$444,929
Cap Rate 9%
$346,056
Alternative Uses
Best Use
Multifamily LT 5
$444.9K
$389.3K – $519.1K
NOI $31,145 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$412.3K
$360.8K – $481.0K
NOI $28,862 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$740.6K
$648.0K – $864.0K
NOI $51,841 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 residential units and a separately rented garage provide distinct rental components at one Fort Myers property.
Where is this triplex located?
The property is located at 4231 Scott Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three residential units in a triplex; Separately rented 2‑car garage; 2,353 square feet
