Updated Concrete Block
For Sale
$459,900
7376 Albany Rd 7374, Fort Myers, FL 33967
Six-bedroom income property with tile flooring, private exterior entrances, and parking for up to 12 vehicles.
Property Size2,672 SF
Price / SF$172.12
Days on Market219
Property Features for 7376 Albany Rd 7374
General Information
Standard status
Active
Size
2,672 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Amenities
laundry hookups
patio
hurricane shutters
two wells
private exterior entrance
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:
Naplesareahomesearch
Added: Mar 15
Changed: Oct 10
Last Checked: Oct 19 at 6:43AM
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.
Built in 1984, this 2,672-square-foot concrete block duplex contains six bedrooms and four full bathrooms, with a three-bedroom, two-bathroom arrangement on each side. Tile flooring runs throughout the property. The lower level includes a full kitchen, two bedrooms, one bathroom, a living area, and laundry hookups. Upper-level living areas have separate exterior access and patios.
Recent improvements include a permitted roof installed in 2026, 2026 hot water heaters, and aluminum accordion hurricane shutters. The oversized lot accommodates parking for up to 12 vehicles without using grass areas. Two wells are also located on the property, which has no history of hurricane flooding.
Recent improvements include a permitted roof installed in 2026, 2026 hot water heaters, and aluminum accordion hurricane shutters. The oversized lot accommodates parking for up to 12 vehicles without using grass areas. Two wells are also located on the property, which has no history of hurricane flooding.
Key Highlights
- Duplex with 6 bedrooms and 4 full bathrooms
- 2,672 SF concrete block property built in 1984
- Each side provides 3 bedrooms and 2 full bathrooms
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.
How Realmo checks its estimates
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom income property with tile flooring, private exterior entrances, and parking for up to 12 vehicles.
Where is this duplex located?
The property is located at 7376 Albany Rd 7374 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 full bathrooms; 2,672 SF concrete block property built in 1984; Each side provides 3 bedrooms and 2 full bathrooms
