Sold Jun 30, 2026
$647,000About this home
Rare investment opportunity in South Fort Myers. This 4-plex offers strong value-add potential, with two of the four units currently occupied and generating $32,340 per year in rental income. Each unit features 2 bedrooms, 1 bathroom, and approximately 852 sq ft of living space. Units include refrigerator, stove, washer, dryer, and dishwasher, along with a screened lanai. No major repairs are needed, providing a solid foundation for future upgrades and rent increases. The property offers 7 dedicated parking spaces and is located approximately 10 minutes from Fort Myers Beach, close to convenience stores and daily amenities. Leases were recently renewed, providing stable income for the new owner. This is an excellent opportunity for investors seeking long-term growth, rental optimization, or a strong value-add strategy in a desirable location.
Listing last checked: Listing updated:
Listed by Francis Bourassa · KEYRENTER FORT MYERS · MLS #2026037960
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Details at a glance
Interior3 property facts
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Flooring
- Tile, Vinyl
Building3 property facts
- Style
- Quadruplex
- Year built
- 1980
- Roof
- Shingle
Land & utilities3 property facts
- Lot size
- 0.33 acres
- Water
- AssessmentPaid
- Sewer
- AssessmentPaid
Financial2 property facts
- Annual taxes
- $5,990
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $649,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,781 / monthAdjust
- Principal & interest
- $3,282
- Property tax
- $499
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $5,990. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sld
$695,000 · Sold $660,000 · Feb 9, 2025
- Lsd
$1,075 · Sep 9, 2020
More property insights
Comparable properties 1 supplied
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About 13401 pine needle Lane
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