Updated Concrete-Block
For Sale
$475,000
7374 7376 Albany Rd, Fort Myers, FL 33967
Spacious income property with separate entrances, patios, tile flooring, and parking for multiple vehicles.
Property Size2,672 SF
Price / SF$177.77
Days on Market83
Property Features for 7374 7376 Albany Rd
General Information
Standard status
Active
Size
2,672 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Construction
concrete block
Listing Agency:
Ark Realty & Investment
Listed By:
William Richards · License #258035008
(239) 940-5500
Source:
Swfloridarealestate
Added: Jul 29
Changed: Oct 17
Last Checked: Oct 7 at 4:33PM
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 Ark Realty & Investment
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Investment Insights
Based on property information with market context.
This 2,672-square-foot concrete-block duplex contains 6 bedrooms and 4 full bathrooms on an oversized lot. The property includes tile flooring throughout, full kitchen and living areas, laundry hookups, private exterior entrances for the upper-level spaces, and patios. A permitted 2026 roof and 2026 hot water heaters are among the recent updates, while aluminum accordion hurricane shutters provide storm protection.
The property is located at 7374 7376 Albany Rd in Fort Myers, FL 33967. On-site parking accommodates up to 12 vehicles without using the grass. Two wells serve the property, and it has no history of hurricane flooding. Built in 1984, the duplex also offers room for future expansion according to the property information.
The property is located at 7374 7376 Albany Rd in Fort Myers, FL 33967. On-site parking accommodates up to 12 vehicles without using the grass. Two wells serve the property, and it has no history of hurricane flooding. Built in 1984, the duplex also offers room for future expansion according to the property information.
Key Highlights
- 6 bedrooms and 4 full‑size baths
- 2,672 SF concrete‑block duplex on an oversized lot
- 2026 permitted roof and 2026 hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,367
Cap Rate
7.45%
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 7.45%
Second Best
Apartment 5plus
$468.2K
$409.7K – $546.3K
NOI $32,775 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$841.0K
$735.9K – $981.2K
NOI $58,870 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
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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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 - Spacious income property with separate entrances, patios, tile flooring, and parking for multiple vehicles.
Where is this duplex located?
The property is located at 7374 7376 Albany Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6 bedrooms and 4 full‑size baths; 2,672 SF concrete‑block duplex on an oversized lot; 2026 permitted roof and 2026 hot water heaters
