Two-Unit Duplex with Screened
9226/9230 Tangelo BLVD, Fort Myers, FL 33967
For Sale
$550,000
Both residences offer three bedrooms, two full bathrooms, and included appliances.
Property Size2,400 SF
Price / SF$229.17
Days on Market611
Property Features for 9226/9230 Tangelo BLVD
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
screened lanai
fenced yard
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Compass Florida LLC
(586) 612-9363
Listed By:
Cathy Kirk
Source:
Mdmnaplesrealestate
Added: Mar 10, 2025
Changed: Nov 7
Last Checked: Nov 9 at 4:25PM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Built in 2013, this duplex contains two residences, each with three bedrooms, two full bathrooms, a great room, and a screened lanai. Appliances are included in both units. One side received a new air-conditioning system in April 2026, and the south-side unit is fenced. The property encompasses two parcel identification numbers.
The duplex is near Florida Gulf Coast University, shopping, and other amenities. Both units are rented.
The duplex is near Florida Gulf Coast University, shopping, and other amenities. Both units are rented.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- Built in 2013; property includes two parcel identification numbers
- Screened lanai and great room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,279
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,580
$605.6K
Cap Rate 7%
$432,557
$432.6K
Cap Rate 9%
$336,433
$336.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$45.5K $18.96/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$43.3K $18.02/SF
− OpEx
−$13.0K −$5.41/SF
NOI
$30.3K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,580
Cap Rate 7%
$432,557
Cap Rate 9%
$336,433
Alternative Uses
Best Use
Multifamily LT 5
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$399.0K
$349.1K – $465.5K
NOI $27,930 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
136
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
$321,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Fort Myers, FL
Properties on Market for Duplexes in Fort Myers
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two full bathrooms, and included appliances.
Where is this duplex located?
The property is located at 9226/9230 Tangelo BLVD Fort Myers, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; Built in 2013; property includes two parcel identification numbers; Screened lanai and great room in each residence
