3147 Economy St Fort Myers, FL 33916
East Fort Myers NeighborhoodEstimated payment $2,258/month
Highlights
- No HOA
- Ceramic Tile Flooring
- 1-Story Property
- Fort Myers High School Rated A
- Central Heating and Cooling System
About This Home
Located in a prime Fort Myers workforce housing area, this fully leased duplex offers immediate income and growth potential. Minutes from Downtown, with access to major employers, shopping, dining, and transit. Each unit is 2BR/1BA and occupied by reliable tenants, producing approx. 7% CAP. Strong rental demand and low vacancy risk.
Highlights:
Fully leased with stable tenants
Approx. 7% CAP rate
Close to employment hubs and amenities
Motivated seller
This is a solid opportunity to secure an income-producing property in a high-demand Fort Myers rental market, ideal for seasoned or first-time investors
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,190
Year Built
- Built in 1959
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 1-Story Property
- Ceramic Tile Flooring
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Barden Condos
- Barden Subdivision
Listing and Financial Details
- Assessor Parcel Number 18-44-25-P4-002K0.0120
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,233 | $185,165 | $25,840 | $159,325 |
| 2024 | $4,233 | $188,749 | $25,535 | $163,214 |
| 2023 | $2,570 | $53,567 | $0 | $0 |
| 2022 | $2,271 | $48,697 | $0 | $0 |
| 2021 | $2,072 | $84,965 | $16,000 | $68,965 |
| 2020 | $1,734 | $69,440 | $7,100 | $62,340 |
| 2019 | $1,636 | $62,179 | $4,400 | $57,779 |
| 2018 | $1,542 | $50,867 | $4,400 | $46,467 |
| 2017 | $1,451 | $43,605 | $5,500 | $38,105 |
| 2016 | $1,346 | $34,864 | $5,500 | $29,364 |
| 2015 | $1,167 | $24,988 | $3,025 | $21,963 |
| 2014 | $533 | $20,247 | $3,025 | $17,222 |
| 2013 | -- | $28,201 | $3,200 | $25,001 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $360,000 | 0.0% | -- |
| 12/19/2023 12/19/23 | Rented | -- | -- | -- |
| 12/14/2023 12/14/23 | For Rent | $1,150 | -14.8% | -- |
| 09/13/2023 09/13/23 | Rented | -- | -- | -- |
| 09/05/2023 09/05/23 | For Rent | $1,350 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | Aslo Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $16,918 | None Available | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,000 | Balloon |
Source: MIAMI REALTORS® MLS
MLS Number: A11855279
APN: 18-44-25-P4-002K0.0120
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