Two-Story Duplex with Fenced
For Sale
$399,000
7393 7393-7385 Albany Rd, Fort Myers, FL 33967
Each residence offers two bedrooms, two bathrooms, updated patios, and a separately fenced outdoor area.
Property Size2,160 SF
Price / SF$184.72
Days on Market60
Property Features for 7393 7393-7385 Albany Rd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
LPT Realty, LLC
Listed By:
Rebecca Giacobba · License #3240236
(410) 320-4868
Source:
Swfloridarealestate
Added: Aug 20
Changed: Oct 4
Last Checked: Oct 7 at 3:12PM
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
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Investment Insights
Based on property information with market context.
Located at 7393-7385 Albany Rd in Fort Myers, this 2,160-square-foot duplex was built in 1984. Each residence spans two levels, with one bedroom and a bathroom on the main level and a second bedroom and bathroom upstairs. The units also include updated patios and separate yards divided by fencing.
One side is occupied by the owner, while the other is leased to a long-term tenant on a month-to-month arrangement. The roof is a few years old, and installation of a new septic tank is underway. The property has no HOA.
One side is occupied by the owner, while the other is leased to a long-term tenant on a month-to-month arrangement. The roof is a few years old, and installation of a new septic tank is underway. The property has no HOA.
Key Highlights
- 2,160‑square‑foot duplex built in 1984
- Two‑story layout for each unit with two bedrooms and two bathrooms
- Separate fenced yards provide distinct outdoor areas
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
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two bathrooms, updated patios, and a separately fenced outdoor area.
Where is this duplex located?
The property is located at 7393 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 for each unit with two bedrooms and two bathrooms; Separate fenced yards provide distinct outdoor areas
