2-Unit Duplex with Updated
For Sale
$280,000
5529 6th Ave, Fort Myers, FL 33907
Both residences are rented and feature refreshed kitchens and bathrooms with new appliances and fixtures.
Property Size1,344 SF
Price / SF$208.33
Days on Market28
Property Features for 5529 6th Ave
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1971
Buildings
1
Listing Agency:
A Plus Realty
Listed By:
Melissa Felhi · License #249520919
(239) 234-5290
Source:
Napleshomesearcher
Added: Sep 11
Changed: Oct 7
Last Checked: Oct 7 at 2:05PM
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 A Plus Realty
Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex, built in 1971, contains two 2-bedroom, 1-bath residences, both currently rented. The kitchens and bathrooms have been updated with new appliances and fixtures. Each unit has an A/C system approximately 2 years old; other improvements include a roof replaced in 2020, a new electrical panel, and a newly paved driveway.
In Fort Myers, the property is near shopping, dining, schools, major roads, and everyday amenities.
In Fort Myers, the property is near shopping, dining, schools, major roads, and everyday amenities.
Key Highlights
- Two 2‑bedroom, 1‑bath units; both are currently rented
- 1,344 square feet; built in 1971
- Updated kitchens and bathrooms with new appliances and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,790
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,800
$355.8K
Cap Rate 7%
$254,143
$254.1K
Cap Rate 9%
$197,667
$197.7K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$25.4K $18.91/SF
− OpEx
−$7.6K −$5.67/SF
NOI
$17.8K $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%
$355,800
Cap Rate 7%
$254,143
Cap Rate 9%
$197,667
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,486 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$423.0K
$370.1K – $493.5K
NOI $29,611 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented and feature refreshed kitchens and bathrooms with new appliances and fixtures.
Where is this duplex located?
The property is located at 5529 6th Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; both are currently rented; 1,344 square feet; built in 1971; Updated kitchens and bathrooms with new appliances and fixtures
