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    Sanibel, FL Multifamily Properties for Sale

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    Fort Myers Beach, FL Fort Myers, FL St James City, FL
    6 listings
    Sanibel Island Multi-Family Opportunity
    $800,000
    1,280 SF
    Sanibel Island Multi-Family Opportunity

    746 Cardium Street, Sanibel, FL 33957

    Elevated multi-family property with two cottages near the beach.
    • Rare elevated multi‑family property on Sanibel Island, offering unique investment and lifestyle opportunities.
    • Less than a five‑minute walk to one of Sanibel Island's most renowned beaches.
    • Two separate cottages, each with 2 bedrooms and 1 bathroom, totaling 1,280 sq ft of living space.
    • New roof installed in 2023, enhancing durability and long‑term value.
    • Elevated construction with no hurricane damage, providing peace of mind.
    Updated: Mar 9
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    Sanibel Boutique Resort Opportunity
    $2,999,000
    1.16 Acres
    Sanibel Boutique Resort Opportunity

    1220 Morningside Place, Sanibel, FL 33957

    Boutique resort on over an acre near Sanibel beaches.
    • Boutique resort with four rental cottages on over an acre of land, offering a rare investment opportunity in Sanibel.
    • Prime location on Sanibel's East End, a short walk to world‑renowned beaches and Lighthouse Beach Park.
    • Resort‑style pool with ample lounge seating and an open‑air pavilion for gatherings.
    • Each coastal‑style cottage features inviting living spaces, full kitchens, cozy bedrooms, and thoughtfully designed baths.
    • Potential for various uses: boutique investment, private family compound, or exclusive retreat.
    Updated: Nov 5, 2025
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    Sanibel, FL Land For Sale
    $679,900
    0.30 Acres
    Sanibel, FL Land For Sale

    Competitively priced lot near the beach, ideal for rental income.

    2807 W Gulf Drive, Sanibel, FL 33957

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    Sanibel Island Top-Floor Condo
    $849,000
    1,184 SF
    Sanibel Island Top-Floor Condo

    Updated condo with rental potential and beach access.

    979 E Gulf Drive 264, Sanibel, FL 33957

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    Turnkey Beachside Multifamily Opportunity
    $1,475,000
    Turnkey Beachside Multifamily Opportunity

    Turnkey multifamily on Sanibel Island with five bedrooms, three bathrooms, and a land lease in place.

    610 Donax St 311, Sanibel, FL 33957

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    Sanibel Island Beachfront Redevelopment Opportunity
    $5,999,000
    2.54 Acres
    Sanibel Island Beachfront Redevelopment Opportunity

    2.54 acres of beachfront land zoned multifamily on Sanibel Island.

    1801 Olde Middle Gulf Drive, Sanibel, FL 33957

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 Active listings in Sanibel, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fort Myers Beach Duplex Opportunity
    $1,200,000
    1,367 SF
    Fort Myers Beach Duplex Opportunity

    Income-generating duplex near beach, restaurants, and attractions.

    412 Harbor Court, Fort Myers Beach, FL 33931

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    Waterfront Lot with Gulf Access
    $195,000
    0.09 Acres
    Waterfront Lot with Gulf Access

    Gulf-access waterfront lot in St. James City, ready to build.

    3814 Dewberry Lane, St James City, FL 33956

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    Waterfront Lot in Fort Myers Beach
    $1,500,000
    0.22 Acres
    Waterfront Lot in Fort Myers Beach

    Canal-front lot, rebuild fourplex or single-family home, near Times Square.

    151 Matanzas Street, Fort Myers Beach, FL 33931

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    Waterfront Duplex in St James
    $649,000
    0.18 Acres
    Waterfront Duplex in St James

    Remodeled waterfront duplex with Gulf access, new roof.

    3201/3203 Stabile Road, St James City, FL 33956

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Lot with Boat Dock
    $187,000
    0.08 Acres
    Waterfront Lot with Boat Dock

    Residential vacant lot with private boat dock and Gulf access.

    3868 Coconut Drive, St James City, FL 33956

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    Land for Sale
    $35,777
    Land for Sale

    Land available in Fort Myers, Florida.

    13651 Nightbird Drive, Fort Myers, FL 33908

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    Land Available in Fort Myers
    $109,999
    Land Available in Fort Myers

    Land for sale in Fort Myers, Florida.

    13641 Knot Drive, Fort Myers, FL 33908

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    Fort Myers Beach Land Opportunity
    $125,000
    0.06 Acres
    Fort Myers Beach Land Opportunity

    Residential lot in 55+ community near Fort Myers Beach.

    1599 Main Street, Fort Myers Beach, FL 33931

    View details

    Off-Market Properties in Sanibel, FL

    Consider similar Off-Market properties in Sanibel, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4150 Dingman Dr
    Multifamily properties
    Value Estimation by Request

    4150 Dingman Dr, Sanibel, FL 33957

    View details
    610 Donax St
    Residential income properties
    Value Estimation by Request

    610 Donax St, Sanibel, FL 33957

    View details

    Sanibel, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 8 multifamily properties for sale in Sanibel, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 2,464 square feet of properties for sale, with an estimated market value of $1,649,000.

    Sale prices for multifamily properties in Sanibel, FL start at $800,000, averaging $824,500, and reaching up to $849,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 7
    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 6,402
    Population Growth (5Y) -11.4%
    Median Household Income $122,730
    College Educated 89.3%

    High-Yield Neighborhoods for Investment

    Identify Sanibel submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33957 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.24%
    Property Tax per SF $18.42 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lee County

    New Delisted

    Total CRE Inventory on Market (SF)

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