Updated
For Sale
$395,000
7375 Albany Rd, Fort Myers, FL 33967
Two residential units offer refreshed kitchens and baths, with tile flooring throughout both levels.
Property Size2,496 SF
Price / SF$158.25
Days on Market13
Property Features for 7375 Albany Rd
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
Gulfway Realty LLC
Listed By:
Cheri Gillespie · License #258000650
(239) 851-5069
Source:
Naplesareapropertysearch
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 28 at 8:36AM
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 Gulfway Realty LLC
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Investment Insights
Based on property information with market context.
This 2,496-square-foot duplex, built in 1984, has two sides with updated kitchens and bathrooms. Tile flooring runs through the upstairs and downstairs areas. Impact windows were installed five years ago, and the roof was replaced in 2023.
The right-side unit is currently unrented, allowing for showings and the option for an owner to occupy one side. The property is located at 7375 Albany Rd in Fort Myers, Florida.
The right-side unit is currently unrented, allowing for showings and the option for an owner to occupy one side. The property is located at 7375 Albany Rd in Fort Myers, Florida.
Key Highlights
- Two‑unit duplex with updated kitchens and bathrooms on both sides
- 2,496 square feet; built in 1984
- Tile floors on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,038
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,760
$660.8K
Cap Rate 7%
$471,971
$472.0K
Cap Rate 9%
$367,089
$367.1K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$49.4K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.2K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.0K $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%
$660,760
Cap Rate 7%
$471,971
Cap Rate 9%
$367,089
Alternative Uses
Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.6K
NOI $33,038 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$437.4K
$382.7K – $510.3K
NOI $30,617 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$785.6K
$687.4K – $916.5K
NOI $54,992 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
571
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer refreshed kitchens and baths, with tile flooring throughout both levels.
Where is this duplex located?
The property is located at 7375 Albany Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with updated kitchens and bathrooms on both sides; 2,496 square feet; built in 1984; Tile floors on both levels
