Two-Story Duplex with Updated
For Sale
$399,000
7393-7385 Albany Rd, Fort Myers, FL 33967
Each residence spans two levels and includes private outdoor space separated by fencing.
Property Size2,160 SF
Price / SF$184.72
Days on Market72
Property Features for 7393-7385 Albany Rd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
LPT Realty, LLC
Listed By:
Rebecca Giacobba · License #3240236
(410) 320-4868
Source:
Swfloridarealestate
Added: Aug 8
Changed: Oct 11
Last Checked: Oct 7 at 3:56PM
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 LPT Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains 2,160 square feet across two separate two-story residences. Each side includes a bedroom and bathroom on the main level, plus an additional bedroom and bathroom upstairs. The layouts provide a house-like configuration within a duplex format, with individually separated yards and patios that have been updated.
One residence is occupied by the owner, while the other is leased to a long-term tenant on a month-to-month arrangement. The property is located at 7393-7385 Albany Rd in Fort Myers, Florida. A newer roof and septic-system work, including installation of a new tank, are additional physical improvements. The property has no HOA.
One residence is occupied by the owner, while the other is leased to a long-term tenant on a month-to-month arrangement. The property is located at 7393-7385 Albany Rd in Fort Myers, Florida. A newer roof and septic-system work, including installation of a new tank, are additional physical improvements. The property has no HOA.
Key Highlights
- 2,160‑square‑foot duplex built in 1984
- Two‑story layout on each side with 2 bedrooms and 2 bathrooms per residence
- Owner‑occupied unit plus tenant‑occupied unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,590
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,800
$571.8K
Cap Rate 7%
$408,429
$408.4K
Cap Rate 9%
$317,667
$317.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$42.8K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.8K $18.91/SF
− OpEx
−$12.3K −$5.67/SF
NOI
$28.6K $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%
$571,800
Cap Rate 7%
$408,429
Cap Rate 9%
$317,667
Alternative Uses
Best Use
Multifamily LT 5
$408.4K
$357.4K – $476.5K
NOI $28,590 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,495 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$679.8K
$594.9K – $793.2K
NOI $47,589 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence spans two levels and includes private outdoor space separated by fencing.
Where is this duplex located?
The property is located at 7393-7385 Albany Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,160‑square‑foot duplex built in 1984; Two‑story layout on each side with 2 bedrooms and 2 bathrooms per residence; Owner‑occupied unit plus tenant‑occupied unit
