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Offered at $379,500Active
beds
4
baths
3
sq ft
1,830
Built
1925

3516 E Riverside Drive

Fort Myers, FL 33916

About this home

SELLER MOTIVATED OFFERING CREDIT TOWARD BUYER'S CLOSING COSTS WITH AN ACCEPTABLE OFFER! Discover a rare investment opportunity just steps from the Caloosahatchee River! This is one of a kind property features two separate homes on a single lot, making it an excellent choice for multi-generational living, rental income, or both. Opportunities like this are hard to find in such a desirable Fort Myers location, so don't miss your chance to make it yours. The front home offers 3 bedrooms and 2 bathrooms, while the rear includes 1 bedroom, bonus room and 1 bathroom. Each residence has its own electric meter, adding convenience and flexibility for tenants, extended family, or future income potential. Whether you're searching a primary residence with an income producing guest house or an investment property with strong rental appeal, this versatile set up delivers exceptional value. Recent updates include a new shingle roof, new flooring, and a beautifully renovated kitchen, (Quartz countertop will be installed prior to closing) adding modern style and value to the home. Whether you're looking for a move in ready residence or an income producing investment, these upgrades make this property even more appealing. Conveniently located near downtown Fort Myers, local shopping center, dining, parks, fishing pier, and major roadways, this property combines flexibility, location and long-term potential. With so much to offer, this is the perfect time to schedule a showing and submit your offer before this opportunity is gone!

Listing last checked: Listing updated:

Listed by Ada Lopez, Jennifer Finazzo · Armada Real Estate, Inc. · MLS #2026030215

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Details at a glance

Interior4 property facts
Rooms
0
Heating
Central, Electric
Cooling
Central Air, Electric
Flooring
Laminate
Building4 property facts
Style
Single Family Residence
Year built
1925
Garage
0
Roof
Shingle
Land & utilities3 property facts
Lot size
0.16 acres
Water
Public
Sewer
Public Sewer
Financial3 property facts
Annual taxes
$3,263
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $379,500 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,191 / monthAdjust
Principal & interest
$1,919
Property tax
$272
Insurance
Not entered
HOA
$0

Listing annual taxes: $3,263. 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

  1. New

    $1,295 · Aug 26, 2026

  2. Sld

    $240,000 · Sold $225,000 · Dec 2, 2025

  3. Sld

    $40,000 · Sold $41,000 · Nov 15, 2012

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About 3516 E Riverside Drive

Can I request a private showing?

Request a tour of 3516 E Riverside Drive and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.