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13-Unit Multifamily Condominium Portfolio
For Sale
$1,599,000

824 Alderman St, Fort Myers, FL 33916

Commercial Sale, FORT MYERS, FL

Property Size25,071 SF
Lot Size0.98 Acres
Price / SF$63.78
Days on Market108

Property Features for 824 Alderman St

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
APN 08-44-25-P4-02000.1010
Size 25,071 SF
Lot size 0.98 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BANYAN TREE OF FT MYERS OR 1772 PG 4113/4163 UNIT 101
Tax Annual Amount 20592
Legal Description BANYAN TREE OF FT MYERS OR 1772 PG 4113/4163 UNIT 101

Building Details

Year built 1985
Floors in Building 2
Listing Agency: Coldwell Banker Realty · NextHome
Listed By: Tyler Macchi · License #SL3515159
Added: Jun 24 Changed: Oct 8 Last Checked: Oct 9 at 3:06AM
MLS# 226024109

Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Offered together as one portfolio, the property comprises 13 condominium units totaling 25,071 square feet on a 0.98-acre site. The buildings date to 1985. Eleven units are occupied under annual leases, and the community provides open parking.

The portfolio is part of Banyan Tree of Ft Myers, a 30-unit community at 824 Alderman St in Fort Myers, Florida.

Key Highlights

  • 13 condominium units offered together in one transaction
  • 25,071 square feet across a 0.98‑acre site
  • 11 of 13 units occupied under annual leases

Property Analytics

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Current Use

Oalco Management Property Management Company Makeup&hair studio Hair Salon Pretty cleaners co.company (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Big Box & Wholesale Store Skin Care Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 33916, FL

25,940
Population
12,480
Households
2.1
Avg Household Size
34
Median Age
21%
College-Educated
81%
High-School Grad
10.3 sq mi
ZIP Area
2,518
Density / Sq Mi
$49,353
Median Household Income
$32,770
Median Earnings
$1,363
Median Rent
$242,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - The package combines condominium units, including residences leased on annual terms, in a 30-unit Fort Myers community.
Where is this multifamily property located?
The property is located at 824 Alderman St Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 13 condominium units offered together in one transaction; 25,071 square feet across a 0.98‑acre site; 11 of 13 units occupied under annual leases
More about this property
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