Duplex with Updated
For Sale
$269,000
5515 5th AVE, Fort Myers, FL 33907
The two residences offer different bedroom counts, and one side includes a backyard.
Property Size1,400 SF
Price / SF$192.14
Days on Market458
Property Features for 5515 5th AVE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,879
Building Details
Building Size
1,400 SF
Year Built
1970
Listing Agency:
Sellstate Max Performance
Listed By:
Daniel Fernandez Perez · License #258031133
(561) 909-8780
Source:
Pelicanvistarealty
Added: Aug 1, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:58AM
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 Sellstate Max Performance
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1970, this 1,400-square-foot duplex contains two residences: one with two bedrooms and one bathroom, and the other with one bedroom and one bathroom. One side also has a backyard.
Interior work includes remodeled bathrooms, new flooring, baseboards, doors and casing, along with fresh paint.
Interior work includes remodeled bathrooms, new flooring, baseboards, doors and casing, along with fresh paint.
Key Highlights
- Two‑residence duplex totaling 1,400 square feet
- One residence has 2 bedrooms and 1 bathroom
- Second residence has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,531
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
$370.6K
Cap Rate 7%
$264,729
$264.7K
Cap Rate 9%
$205,900
$205.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$26.5K $18.91/SF
− OpEx
−$7.9K −$5.67/SF
NOI
$18.5K $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%
$370,620
Cap Rate 7%
$264,729
Cap Rate 9%
$205,900
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$440.6K
$385.6K – $514.1K
NOI $30,845 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer different bedroom counts, and one side includes a backyard.
Where is this duplex located?
The property is located at 5515 5th AVE Fort Myers, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 1,400 square feet; One residence has 2 bedrooms and 1 bathroom; Second residence has 1 bedroom and 1 bathroom
