Two-Story Duplex with Patio
For Sale
$459,900
7374 7376 Albany Road, Fort Myers, FL 33967
ResidentialIncome, Fort Myers, FL
Property Size2,672 SF
Lot Size0.33 Acres
Price / SF$172.12
Days on Market214
Property Features for 7374 7376 Albany Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Pets allowed
Yes
Subdivision
SAN CARLOS PARK
Lot features
Multiple Lots
Directions
In San Carolos Park 33967 7374 / 7376 Albany Rd Fort Myers FL 33967
Standard status
Active
APN
08-46-25-16-00023.0530
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAN CARLOS PK N ADDN BLK 23 PB 28 PG 17 LOTS 53 THRU 55
Tax Annual Amount
4599
Legal Description
SAN CARLOS PK N ADDN BLK 23 PB 28 PG 17 LOTS 53 THRU 55
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Well
Building Details
Year built
1984
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Ark Realty & Investment
(239) 771-0773
Listed By:
William Richards · License #258035008
(239) 940-5500
Added: Mar 15
Changed: Oct 13
Last Checked: Oct 14 at 12:06AM
MLS# 2026012528
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This concrete-block duplex contains 6 bedrooms and 4 bathrooms across approximately 2,672 square feet of living area. Each side has 3 bedrooms and 2 full bathrooms, with a two-level layout that includes two bedrooms and one bathroom downstairs. The upper floor adds a bedroom, bathroom, living area, and exterior entrance with patio access. Both units have full kitchens, tile flooring, and laundry hookups. Central air conditioning and electric heating serve the property.
Recent improvements include a permitted 2026 roof, 2026 water heaters, and aluminum accordion hurricane shutters. The property occupies approximately 0.329 acres and has two wells, septic service, and off-street parking for up to 12 vehicles without using the grass. There is no HOA.
Recent improvements include a permitted 2026 roof, 2026 water heaters, and aluminum accordion hurricane shutters. The property occupies approximately 0.329 acres and has two wells, septic service, and off-street parking for up to 12 vehicles without using the grass. There is no HOA.
Key Highlights
- Duplex with 6 bedrooms and 4 bathrooms; each side has 3 bedrooms and 2 full bathrooms
- Approximately 2,672 square feet of total living area on a 0.329‑acre lot
- Two‑level layout includes an upper living area with exterior entrance and patio access on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,367
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,340
$707.3K
Cap Rate 7%
$505,243
$505.2K
Cap Rate 9%
$392,967
$393.0K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$52.9K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$50.5K $18.91/SF
− OpEx
−$15.2K −$5.67/SF
NOI
$35.4K $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%
$707,340
Cap Rate 7%
$505,243
Cap Rate 9%
$392,967
Alternative Uses
Best Use
Multifamily LT 5
$505.2K
$442.1K – $589.5K
NOI $35,367 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$468.2K
$409.7K – $546.3K
NOI $32,775 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$841.0K
$735.9K – $981.2K
NOI $58,870 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a full kitchen, tile floors, laundry hookups, and separate upper-level access to a patio.
Where is this duplex located?
The property is located at 7374 7376 Albany Road Fort Myers, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Duplex with 6 bedrooms and 4 bathrooms; each side has 3 bedrooms and 2 full bathrooms; Approximately 2,672 square feet of total living area on a 0.329‑acre lot; Two‑level layout includes an upper living area with exterior entrance and patio access on each side
