Two-Unit Concrete Block
For Sale
$325,000
5484/5486 Birdsong Ln, Bokeelia, FL 33922
Well-maintained income property with private screened lanais, exterior storage, and recent roof and gutter updates.
Property Size2,202 SF
Lot Size0.50 Acres
Price / SF$147.59
Days on Market97
Property Features for 5484/5486 Birdsong Ln
General Information
Standard status
Active
Size
2,202 SF
Lot size
0.50 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
room for cosmetic updates
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
screened lanai
exterior storage closet
Building Details
Year Built
2002
Buildings
1
Construction
concrete block
Listing Agency:
Compass Florida LLC
Listed By:
Skirmantas Balciunas · License #258031523
(239) 244-5876
Source:
Napleshomesearcher
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 12 at 7:58PM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This concrete block duplex contains two 1,101-square-foot residences, each with two bedrooms, one and a half bathrooms, vaulted living room ceilings, and tile flooring. Both units include a private screened lanai and a dedicated exterior storage closet. The property offers 2,202 square feet of total building area on a nearly 0.5-acre lot.
A new roof and gutters were installed in 2023. The property is located at 5484/5486 Birdsong Ln in Bokeelia, with Publix, Pine Island Road, restaurants, shopping, and everyday services described as minutes away. The 2002 construction provides a concrete block foundation for the two-unit layout, while the existing finishes and outdoor spaces support continued residential use.
A new roof and gutters were installed in 2023. The property is located at 5484/5486 Birdsong Ln in Bokeelia, with Publix, Pine Island Road, restaurants, shopping, and everyday services described as minutes away. The 2002 construction provides a concrete block foundation for the two-unit layout, while the existing finishes and outdoor spaces support continued residential use.
Key Highlights
- Two‑unit duplex with 2,202 SF of total building area
- Each residence measures 1,101 SF with 2 bedrooms and 1.5 bathrooms
- Nearly 0.5‑acre lot at 5484/5486 Birdsong Ln, Bokeelia, FL 33922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,146
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,920
$582.9K
Cap Rate 7%
$416,371
$416.4K
Cap Rate 9%
$323,844
$323.8K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.6K $18.91/SF
− OpEx
−$12.5K −$5.67/SF
NOI
$29.1K $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%
$582,920
Cap Rate 7%
$416,371
Cap Rate 9%
$323,844
Alternative Uses
Best Use
Multifamily LT 5
$416.4K
$364.3K – $485.8K
NOI $29,146 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$385.9K
$337.6K – $450.2K
NOI $27,010 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$693.1K
$606.4K – $808.6K
NOI $48,514 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 33922, FL
4,326
Population
2,925
Households
1.5
Avg Household Size
59
Median Age
34%
College-Educated
87%
High-School Grad
20.9 sq mi
ZIP Area
207
Density / Sq Mi
$68,579
Median Household Income
$34,503
Median Earnings
$1,110
Median Rent
$330,100
Median Home Value
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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?
Duplex - Well-maintained income property with private screened lanais, exterior storage, and recent roof and gutter updates.
Where is this duplex located?
The property is located at 5484/5486 Birdsong Ln Bokeelia, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,202 SF of total building area; Each residence measures 1,101 SF with 2 bedrooms and 1.5 bathrooms; Nearly 0.5‑acre lot at 5484/5486 Birdsong Ln, Bokeelia, FL 33922
