Duplex With Two 2BR/2BA
For Sale
$300,000
5529/5531 10th Ave, Fort Myers, FL 33907
Two residential units offer a duplex configuration with no HOA.
Property Size2,218 SF
Price / SF$135.26
Days on Market186
Property Features for 5529/5531 10th Ave
General Information
Standard status
Active
Size
2,218 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
Marzucco Real Estate
Listed By:
Claudia Contreras · License #258032091
(239) 834-4652
Source:
Naplespropertyguide
Added: Apr 17
Changed: Oct 13
Last Checked: Oct 19 at 6:51AM
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 Marzucco Real Estate
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Investment Insights
Based on property information with market context.
Constructed in 1985, this duplex includes two 2BR/2BA residences, with 1,109 square feet on each side and 2,218 square feet across the property. Both units share the same bedroom and bath configuration, creating a consistent residential layout. The property has no HOA.
Located at 5529/5531 10th Ave in Fort Myers, the duplex is near Edison Mall and Bell Tower, with access to US-41, grocery stores, schools, and other area amenities. Gulf beaches are also described as being nearby. Some images have been virtually staged.
Located at 5529/5531 10th Ave in Fort Myers, the duplex is near Edison Mall and Bell Tower, with access to US-41, grocery stores, schools, and other area amenities. Gulf beaches are also described as being nearby. Some images have been virtually staged.
Key Highlights
- Two 2BR/2BA units with 1,109 square feet on each side
- 2,218‑square‑foot duplex property
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,207
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,140
$544.1K
Cap Rate 7%
$388,671
$388.7K
Cap Rate 9%
$302,300
$302.3K
Market Conditions
NOI Build-Up for 2,218 SF
Gross rent
$51.6K $23.28/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$49.5K $22.30/SF
− OpEx
−$22.3K −$10.04/SF
NOI
$27.2K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,140
Cap Rate 7%
$388,671
Cap Rate 9%
$302,300
Alternative Uses
Best Use
Multifamily LT 5
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,207 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$698.1K
$610.8K – $814.5K
NOI $48,867 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a duplex configuration with no HOA.
Where is this duplex located?
The property is located at 5529/5531 10th Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two 2BR/2BA units with 1,109 square feet on each side; 2,218‑square‑foot duplex property; Built in 1985
