Duplex Property with Screened
For Sale
$669,000
7257 & 7261 Albany RD, Fort Myers, FL 33967
Legal duplex with separate entrances, recent system upgrades, and a shared screened swimming pool in a non-HOA community.
Property Size4,466 SF
Price / SF$149.80
Days on Market257
Property Features for 7257 & 7261 Albany RD
General Information
Standard status
Active
Size
4,466 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,477
Amenities
pool
solar panel system
Building Details
Building Size
4,466 SF
Year Built
1983
Buildings
1
Listing Agency:
Paradise Real Estate & Rentals, LLC
Listed By:
Dr. Shari Turner McKee · License #258028267
(309) 230-4148
Source:
Kwelevate
Added: Feb 4
Changed: Oct 11
Last Checked: Oct 16 at 3:10PM
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 Paradise Real Estate & Rentals, LLC
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Investment Insights
Based on property information with market context.
Built in 1983, this legally designated duplex contains approximately 4,466 square feet of living space. The layout includes multiple living areas and separate entrances, supporting distinct occupancy arrangements within the two-unit configuration. Recent improvements include a 2023 roof, a solar panel system, and updated A/C systems installed approximately in 2024. A shared screened-in pool adds an outdoor amenity to the property.
The duplex is located on Albany Road in the San Carlos Park area of Fort Myers. Its rear boundary borders a canal incorporated into post-storm drainage improvements. The property is in a non-HOA community and offers access to shopping, dining, schools, FGCU, and major roadways. The structure has remained intact through prior storm events.
The duplex is located on Albany Road in the San Carlos Park area of Fort Myers. Its rear boundary borders a canal incorporated into post-storm drainage improvements. The property is in a non-HOA community and offers access to shopping, dining, schools, FGCU, and major roadways. The structure has remained intact through prior storm events.
Key Highlights
- Approximately 4,466 SF of living space in a legally designated duplex
- Separate entrances and multiple living areas within the existing layout
- New roof completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,113
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,260
$1.2M
Cap Rate 7%
$844,471
$844.5K
Cap Rate 9%
$656,811
$656.8K
Market Conditions
NOI Build-Up for 4,466 SF
Gross rent
$88.4K $19.80/SF
− Vacancy
−$4.0K −$0.89/SF
EGI
$84.4K $18.91/SF
− OpEx
−$25.3K −$5.67/SF
NOI
$59.1K $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%
$1,182,260
Cap Rate 7%
$844,471
Cap Rate 9%
$656,811
Alternative Uses
Best Use
Multifamily LT 5
$844.5K
$738.9K – $985.2K
NOI $59,113 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$782.6K
$684.8K – $913.0K
NOI $54,781 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,395 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
Median Home Value
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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 - Legal duplex with separate entrances, recent system upgrades, and a shared screened swimming pool in a non-HOA community.
Where is this duplex located?
The property is located at 7257 & 7261 Albany RD Fort Myers, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Approximately 4,466 SF of living space in a legally designated duplex; Separate entrances and multiple living areas within the existing layout; New roof completed in 2023
