Duplex With 2024
For Sale
$290,000
5635 5635-5637 10th Ave, Fort Myers, FL 33907
Both residences are maintained, with tenants responsible for water and electric service.
Property Size780 SF
Price / SF$371.79
Days on Market50
Property Features for 5635 5635-5637 10th Ave
General Information
Standard status
Active
Size
780 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1973
Buildings
1
Listing Agency:
MAFF Realty Services LLC
Listed By:
Mario Franchini · License #279505499
(239) 810-1822
Source:
Swfloridarealestate
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 5:24PM
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, built in 1973, includes two maintained residential units and an owner-occupancy option. A new roof was installed in 2024, and tenants pay the water and electric costs associated with their units.
The property is located at 5635 5635-5637 10th Ave in Fort Myers, near shopping, dining, and public transit. Its two-unit configuration supports both rental operation and an owner-occupant arrangement.
The property is located at 5635 5635-5637 10th Ave in Fort Myers, near shopping, dining, and public transit. Its two-unit configuration supports both rental operation and an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex with owner‑occupancy option
- New roof installed in 2024
- Tenants pay water and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,324
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,480
$206.5K
Cap Rate 7%
$147,486
$147.5K
Cap Rate 9%
$114,711
$114.7K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$15.4K $19.80/SF
− Vacancy
−$695 −$0.89/SF
EGI
$14.7K $18.91/SF
− OpEx
−$4.4K −$5.67/SF
NOI
$10.3K $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%
$206,480
Cap Rate 7%
$147,486
Cap Rate 9%
$114,711
Alternative Uses
Best Use
Multifamily LT 5
$147.5K
$129.1K – $172.1K
NOI $10,324 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$136.7K
$119.6K – $159.5K
NOI $9,568 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
896
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 - Both residences are maintained, with tenants responsible for water and electric service.
Where is this duplex located?
The property is located at 5635 5635-5637 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 with owner‑occupancy option; New roof installed in 2024; Tenants pay water and electric
