Charming Updated Multi-Unit Rental Property in the Heart of Fort Myers
This well-maintained, fully updated rental property offers a total of three units, all currently leased with established contracts, making it a perfect investment opportunity. Located in a highly convenient area of Fort Myers, this property is just minutes away from local supermarkets, fast food restaurants, and the bustling downtown area, with easy access to Interstate 75 for quick commutes.
Unit 1: Spacious 3-bedroom, 1-bathroom, perfect for families or tenants seeking additional space.
Unit 2: Cozy 1-bedroom, 1-bathroom, ideal for individuals or couples looking for a more compact living space.
Unit 3: Comfortable 2-bedroom, 1-bathroom, offering a great balance of space and affordability.
Each unit has been thoughtfully updated, ensuring comforts with all the amenities your tenants need. Whether you're looking for a steady rental income or a property with long-term investment potential, this multi-unit home offers great value in a prime location.
Don't miss out on this opportunity to own a well-located rental property with strong cash flow potential.
Closed
$400,000
503 Prospect Ave, Fort Myers, FL 33905
7beds
--sqft
Triplex, Multi Family
Built in 1941
-- sqft lot
$366,700 Zestimate®
$--/sqft
$1,398 Estimated rent
Home value
$366,700
$323,000 - $418,000
$1,398/mo
Zestimate® history
Owner options
List your home for rent
$1,398/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,398/mo
Rent Zestimate®
Refinance and save
$2,605/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,605/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jenny Caicedo 239-878-5285,
Call It Closed Intl Realty
Bought with:
Neal Rogers, 249523682
Waterfront Realty Group Inc
Source: Florida Gulf Coast MLS,MLS#: 224094301
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- None
Cooling
- Central Air, Electric, Wall Unit(s)
Features
- Flooring: Vinyl
- Windows: Single Hung
Interior area
- Total structure area: 0
Property
Features
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.48 Acres
- Dimensions: 149 x 140 x 149 x 139
- Features: Oversized Lot
Details
- Parcel number: 094425080000A.0220
- Lease amount: $0
- Zoning description: TFC-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,One Story
- Property subtype: Triplex, Multi Family
Materials
- Stucco, Wood Frame
- Roof: Shingle
Condition
- Resale
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Fort Myers
- Subdivision: EASTLAND PARK
HOA & financial
HOA
- Amenities included: None
Other fees
- Condo and coop fee: $0
- Membership fee: $0
Other
Other facts
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $400,000-5.9% |
Source:  Florida Gulf Coast MLS #224094301 Report a problem | ||
| 12/9/2024 | Pending sale | $425,000 |
Source:  SWFLMLS #224094301 Report a problem | ||
| 12/2/2024 | Listed for sale | $425,000+107.3% |
Source: SWFLMLS #224094301 Report a problem | ||
| 3/31/2023 | Sold | $205,000-13.3% |
Source: Public Record Report a problem | ||
| 2/6/2023 | Pending sale | $236,500 |
Source: SWFLMLS #223007866 Report a problem | ||
| 1/30/2023 | Listed for sale | $236,500+1870.8% |
Source: SWFLMLS #223007866 Report a problem | ||
| 2/11/2010 | Sold | $12,000-73.3% |
Source: Public Record Report a problem | ||
| 7/31/1997 | Sold | $45,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,437 -3.7% | $184,595 -7.3% |
| 2024 | $3,571 +61.5% | $199,198 +151.6% |
| 2023 | $2,211 -1.1% | $79,159 +10% |
| 2022 | $2,235 +17.1% | $71,963 +10% |
| 2021 | $1,909 +7.1% | $65,421 +10% |
| 2020 | $1,783 +8% | $59,474 -45.8% |
| 2019 | $1,651 | $109,823 +21.4% |
| 2018 | $1,651 +9.5% | $90,437 +13.1% |
| 2017 | $1,508 +7.7% | $79,947 +32.8% |
| 2016 | $1,400 +15% | $60,199 +50.9% |
| 2015 | $1,218 +19.2% | $39,899 +13% |
| 2014 | $1,022 +11.1% | $35,296 -12.6% |
| 2013 | $919 -23.3% | $40,395 +21.7% |
| 2012 | $1,198 +1.8% | $33,199 +31.6% |
| 2011 | $1,177 +4.5% | $25,223 +36.8% |
| 2010 | $1,127 -28% | $18,436 -54.6% |
| 2009 | $1,564 -43.5% | $40,610 -65.4% |
| 2008 | $2,766 +9.2% | $117,340 +14.5% |
| 2007 | $2,534 -3.2% | $102,520 +2.4% |
| 2006 | $2,618 +80.7% | $100,160 +172.2% |
| 2004 | $1,449 -7.8% | $36,790 |
| 2003 | $1,572 +1.2% | $36,790 -1.6% |
| 2002 | $1,553 | $37,390 +2.4% |
| 2000 | -- | $36,530 |
Find assessor info on the county website
Neighborhood: Tice
Nearby schools
GreatSchools rating
- 4/10Tice Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Oak Hammock Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Riverdale High SchoolGrades: 9-12Distance: 6.7 mi
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$366,700
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+$7,334
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$374,034
- Florida
- Lee County
- Fort Myers
- 33905
- Tice
- 503 Prospect Ave
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