Legal Duplex Zoned for Weekly
For Sale
$989,000
5370 / 5372 Palmetto Street, Fort Myers Beach, FL 33931
Legal duplex with a completely remodeled, leased lower unit and an upper unit with a screened front lanai.
Property SizeContact for details
Days on Market54
Property Features for 5370 / 5372 Palmetto Street
General Information
Standard status
Active
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1958
Listing Agency:
Premiere Plus Realty Company
Listed By:
J Alex King
(239) 990-2590
Source:
Johnrwood
Added: Jun 15
Changed: Jul 26
Last Checked: Aug 7 at 2:13AM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
Located at 5370/5372 Palmetto Street in Fort Myers Beach, this legal duplex is zoned for weekly rentals. The lower-level unit is a 1-bedroom, 1-bath home that has been completely remodeled and is currently leased on an annual basis. The upper-level unit offers 2 bedrooms and 1 bath, with spacious living and a screened front lanai.
The property includes a backyard with western exposure, with space noted for a future pool. It is just across the street from a public beach access and is conveniently located south of Publix for shopping.
As a two-unit income property with weekly-rental zoning, the layout provides distinct living areas across both floors, supported by the updated condition of the lower unit and the screened lanai feature for the upper level.
The property includes a backyard with western exposure, with space noted for a future pool. It is just across the street from a public beach access and is conveniently located south of Publix for shopping.
As a two-unit income property with weekly-rental zoning, the layout provides distinct living areas across both floors, supported by the updated condition of the lower unit and the screened lanai feature for the upper level.
Key Highlights
- Legal duplex built in 1958, zoned for weekly rentals
- Lower 1‑bedroom, 1‑bath unit is completely remodeled and currently leased annually
- Upper 2‑bedroom, 1‑bath unit includes a screened front lanai
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with a completely remodeled, leased lower unit and an upper unit with a screened front lanai.
Where is this duplex located?
The property is located at 5370 / 5372 Palmetto Street Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Legal duplex built in 1958, zoned for weekly rentals; Lower 1‑bedroom, 1‑bath unit is completely remodeled and currently leased annually; Upper 2‑bedroom, 1‑bath unit includes a screened front lanai
