Two-Unit Duplex with Screened
5887 Littlestone Ct Unit A & B, North Fort Myers, FL 33903
For Sale
$499,500
Both homes have split-bedroom layouts, ensuite primary suites, and separate outdoor living areas.
Property Size3,200 SF
Lot Size0.32 Acres
Price / SF$156.09
Days on Market86
Property Features for 5887 Littlestone Ct Unit A & B
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Furnished
Amenities
screened patio
fenced backyard
garden
fruit trees
interior laundry
custom blinds
upgraded lighting
newer appliances
Building Details
Year Built
Buildings
Listing Agency:
Realty One Group MVP
Listed By:
Brandon Lucas · License FL #258025293
(239) 464-8056
Source:
Naplesareapropertysearch
Added: Aug 18
Changed: Nov 10
Last Checked: Nov 10 at 2:09PM
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 Realty One Group MVP
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Investment Insights
Based on property information with market context.
This 2005 duplex comprises two residences with approximately 3,200 square feet of living area on a .32-acre property. Each home offers three bedrooms, two full bathrooms, a two-car garage, a split-bedroom arrangement, and a screened patio. Interior features include tile flooring, interior laundry, and open great rooms. Updates in 2023 included the roof, both air-conditioning systems, and a water heater. The units also have fenced backyards, with a garden and fruit trees on the property.
The property backs onto open green space, has no immediate rear neighbor, and is near the Caloosahatchee River. Both residences are included in the sale under one deed. Unit-specific features include upgraded fixtures and an additional garage refrigerator in Unit A, and an electric patio shade and storage shed in Unit B.
The property backs onto open green space, has no immediate rear neighbor, and is near the Caloosahatchee River. Both residences are included in the sale under one deed. Unit-specific features include upgraded fixtures and an additional garage refrigerator in Unit A, and an electric patio shade and storage shed in Unit B.
Key Highlights
- Two residences convey together under one deed
- Approximately 3,200 square feet of living area on .32 acres
- Each unit has 3 bedrooms, 2 full bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,372
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,440
$807.4K
Cap Rate 7%
$576,743
$576.7K
Cap Rate 9%
$448,578
$448.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$60.7K $18.96/SF
− Vacancy
−$3.0K −$0.94/SF
EGI
$57.7K $18.02/SF
− OpEx
−$17.3K −$5.41/SF
NOI
$40.4K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,440
Cap Rate 7%
$576,743
Cap Rate 9%
$448,578
Alternative Uses
Best Use
Multifamily LT 5
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$532.0K
$465.5K – $620.7K
NOI $37,240 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,502 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lee County, FL
Properties on Market for Duplexes in Lee County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have split-bedroom layouts, ensuite primary suites, and separate outdoor living areas.
Where is this duplex located?
The property is located at 5887 Littlestone Ct Unit A & B North Fort Myers, FL.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Two residences convey together under one deed; Approximately 3,200 square feet of living area on .32 acres; Each unit has 3 bedrooms, 2 full bathrooms, and a 2‑car garage
