INVESTMENT & DEVELOPMENT OPPORTUNITY — TWO ADJACENT PROPERTIES OFFERED TOGETHER! This unique package includes a well-located 3-bedroom, 1-bath single-family home plus an adjacent residential duplex lot (5438/5440), offering flexibility for an investor, developer, or owner-user. The existing single-family home is livable and features a new roof, impact windows, and fresh paint. The property needs some additional work but provides a solid foundation for continued use or future improvements. A spacious 15' x 20' shed is located in the rear of the property, providing excellent storage or workspace potential. The adjacent undeveloped duplex lot offers a clean slate for future development and is easy to clear. With both properties being sold together, there may be an opportunity to combine the lots into one parcel and pursue rezoning for multifamily use, subject to applicable City of Fort Myers approvals, zoning requirements, and development regulations. Located near Downtown Fort Myers, shopping, dining, major roads, and other everyday amenities, this package presents an attractive opportunity to acquire an existing residence along with additional land for potential future development. Two adjacent properties. One package. Multiple possibilities. Whether you're looking for an investment property with additional land, a future development opportunity, or a property with potential for multifamily redevelopment, this offering is worth a closer look. 12,010 sqft of total land.
For sale
Price increase: $55K (8/26)
$255,000
5442 4th Ave, Fort Myers, FL 33907
3beds
1,051sqft
Single Family Residence
Built in 1962
6,011 Square Feet Lot
$-- Zestimate®
$243/sqft
$-- HOA
What's special
Fresh paintNew roofImpact windows
- 26 days
- 410
- 17
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Juan Vargas 786-486-2474,
Red Rock Realty
Source: MIAMI,MLS#: A12064691
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Washer/Dryer Hook-Up
Features
- Flooring: Tile
- Windows: Impact Glass
Interior area
- Total structure area: 1,051
- Total interior livable area: 1,051 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Patio
- Pool features: R30-No Pool/No Water
- Fencing: Fenced
- Has view: Yes
- View description: None
Lot
- Size: 6,011 Square Feet
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 1145240300013.0080
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete Block Construction, Frame, Frame With Stucco
- Roof: Shingle
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: Pine Manor
HOA
- Has HOA: No
Location
- Region: Fort Myers
Financial & listing details
- Price per square foot: $243/sqft
- Tax assessed value: $162,312
- Annual tax amount: $1,771
- Date on market: 8/3/2026
- Listing terms: All Cash,Conventional,FHA
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $255,000+27.5%$243/sqft |
Source: | ||
| 8/3/2026 | Listed for sale | $200,000+1.5%$190/sqft |
Source: | ||
| 9/26/2025 | Sold | $197,000+1%$187/sqft |
Source: | ||
| 7/16/2025 | Pending sale | $195,000$186/sqft |
Source: | ||
| 7/1/2025 | Listed for sale | $195,000$186/sqft |
Source: | ||
| 7/28/2019 | Listing removed | $895$1/sqft |
Source: Home Hunters USA, Inc. Report a problem | ||
| 7/4/2019 | Listed for rent | $895$1/sqft |
Source: Home Hunters USA, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,844 -7.3% | $72,162 +10% |
| 2024 | $1,990 +24.4% | $65,602 +10% |
| 2023 | $1,600 +10.7% | $59,638 +10% |
| 2022 | $1,446 +17.3% | $54,216 +10% |
| 2021 | $1,232 +9.5% | $49,287 +10% |
| 2020 | $1,125 +9.9% | $44,806 -33.9% |
| 2019 | $1,024 | $67,835 -1.2% |
| 2018 | $1,024 +1.2% | $68,643 +23.2% |
| 2017 | $1,012 +10.6% | $55,720 +33.1% |
| 2016 | $915 +14.7% | $41,875 +26.9% |
| 2015 | $798 +11.1% | $32,998 -4.6% |
| 2014 | $718 +6.2% | $34,600 +15.3% |
| 2013 | $676 +24.9% | $30,007 +43.5% |
| 2012 | $541 -6.5% | $20,904 -1.8% |
| 2011 | $579 -19.8% | $21,295 -25.1% |
| 2010 | $722 -4.5% | $28,442 -14.5% |
| 2009 | $756 -36.1% | $33,280 -48.1% |
| 2008 | $1,183 -9.7% | $64,130 -9.8% |
| 2007 | $1,310 -11.1% | $71,130 -9.5% |
| 2006 | $1,473 +41.5% | $78,580 +73.8% |
| 2004 | $1,041 +6.6% | $45,220 +15.4% |
| 2003 | $976 +4.6% | $39,190 +6.3% |
| 2002 | $933 | $36,870 +16.1% |
| 2000 | -- | $31,770 |
Find assessor info on the county website
Monthly payment
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