Fort Myers Beach Multifamily
For Sale
$475,000
83 Blackbeard Way, Fort Myers Beach, FL 33931
Multifamily property for sale in Fort Myers Beach, Florida.
Property Size1,464 SF
Lot Size0.07 Acres
Days on Market329
Property Features for 83 Blackbeard Way
General Information
Standard status
Active
Size
1,464 SF
Lot size
0.07 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$4,146
Building Details
Building Size
1,464 SF
Year Built
2015
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Mily Cancio
(239) 465-2126
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 18
Last Checked: Oct 20 at 10:21PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This multifamily property is located in Fort Myers Beach, Florida. The property is listed for sale at $500,000.
Key Highlights
- Year Built: 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,958
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,160
$359.2K
Cap Rate 7%
$256,543
$256.5K
Cap Rate 9%
$199,533
$199.5K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$34.1K $23.28/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$32.7K $22.30/SF
− OpEx
−$14.7K −$10.04/SF
NOI
$18.0K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,160
Cap Rate 7%
$256,543
Cap Rate 9%
$199,533
Alternative Uses
Best Use
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,958 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.8K
$403.2K – $537.6K
NOI $32,255 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
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Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Fort Myers Beach, Florida.
Where is this apartment building located?
The property is located at 83 Blackbeard Way Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Year Built: 2015
