Duplex with 2024
For Sale
$290,000
5631-5633 10th Ave, Fort Myers, FL 33907
Two residential units support either owner occupancy or a rental arrangement.
Property Size1,560 SF
Price / SF$185.90
Days on Market68
Property Features for 5631-5633 10th Ave
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1973
Listing Agency:
MAFF Realty Services LLC
Listed By:
Mario Franchini · License #279505499
(239) 274-9222
Source:
Swflhomesource
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 19 at 6:56AM
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 MAFF Realty Services LLC
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Investment Insights
Based on property information with market context.
This duplex includes two residential units in well-maintained condition, with a 1,560-square-foot property size and a roof installed in 2024. The configuration supports continued rental use or occupancy by an owner, providing flexibility for different residential ownership strategies.
Located at 5631-5633 10th Ave in Fort Myers, the property is minutes from shopping, dining, and public transit. Tenants are responsible for both water and electric service, while the newer roof addresses a major building component.
Located at 5631-5633 10th Ave in Fort Myers, the property is minutes from shopping, dining, and public transit. Tenants are responsible for both water and electric service, while the newer roof addresses a major building component.
Key Highlights
- Two‑unit duplex at 5631‑5633 10th Ave, Fort Myers, FL 33907
- 1,560‑square‑foot property size
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,649
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,980
$413.0K
Cap Rate 7%
$294,986
$295.0K
Cap Rate 9%
$229,433
$229.4K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$30.9K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$29.5K $18.91/SF
− OpEx
−$8.8K −$5.67/SF
NOI
$20.6K $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%
$412,980
Cap Rate 7%
$294,986
Cap Rate 9%
$229,433
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.1K – $344.2K
NOI $20,649 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$491.0K
$429.6K – $572.8K
NOI $34,370 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
896
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 support either owner occupancy or a rental arrangement.
Where is this duplex located?
The property is located at 5631-5633 10th Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit duplex at 5631‑5633 10th Ave, Fort Myers, FL 33907; 1,560‑square‑foot property size; New roof installed in 2024
