Ad #7845737
MLS #2026014902
Prospect & Wood is a stabilized, income-producing 46-unit
541 Prospect Ave, Fort Myers, FL 33905
$6,420,000
--Beds
--Baths
--Sqft
3.66Acres
About this property
Prospect & Wood is a stabilized, income-producing 46-unit multifamily property comprising 23 duplexes, each configured as 2 Bedroom / 1 Bath. Built in 1983 and maintained under long-term ownership, the asset offers a current annual gross rental projection of $565,800. At the offered price of $6,420,000, the investment delivers a 5.29% capitalization rate (based on a 40% expense ratio) and $139,565 per door - a competitive entry point in the Fort Myers multifamily market. The property presents compelling rent upside potential of approximately $516,672 in additional annual income should rents reach the Lee County SHIP 2-Bedroom Fair Market Rent (FMR) benchmark of $1,961/month. Applying the FMR with a 38% operating expense ratio and 5% vacancy, the pro forma cap rate recasts to 9.93%. Prospect & Wood is offered as a standalone asset, ideally positioned for yield-focused investors, regional multifamily operators, and 1031 exchange buyers seeking stabilized income with significant upside in the Greater Fort Myers submarket.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1983
3.66 Acres
1 Story
$42,779 / yr property tax
Lee County
Additional Photos
Contact Information
Jacob Mossholder
Premier Agent Network, Inc.
239-699-6998
Location
Listing Agent: Jacob Mossholder (License #: 258034564) 239-699-6998
Broker: Premier Agent Network, Inc. 877-663-9366 Listing Site
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Premier Agent Network, Inc. 877-663-9366 Listing Site
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 13, 2026
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$6,420,000
--
Beds
--
Baths
--
Sqft
541 Prospect Ave, Fort Myers, FL 33905
By contacting this agent you agree to these Terms and Conditions.
MLS# 2026014902
Prospect & Wood is a stabilized, income-producing 46-unit
$6,420,000
541 Prospect Ave, Fort Myers, FL 33905
--
Beds
--
Baths
--
Sqft
3.66
Acres
$6,420,000
541 Prospect Ave, Fort Myers, FL 33905
-- Beds
-- Baths
-- Sqft
3.66 Acres
Prospect & Wood is a stabilized, income-producing 46-unit multifamily property comprising 23 duplexes, each configured as 2 Bedroom / 1 Bath. Built in 1983 and maintained under long-term ownership, the asset offers a current annual gross rental projection of $565,800. At the offered price of $6,420,000, the investment delivers a 5.29% capitalization rate (based on a 40% expense ratio) and $139,565 per door - a competitive entry point in the Fort Myers multifamily market. The property presents compelling rent upside potential of approximately $516,672 in additional annual income should rents reach the Lee County SHIP 2-Bedroom Fair Market Rent (FMR) benchmark of $1,961/month. Applying the FMR with a 38% operating expense ratio and 5% vacancy, the pro forma cap rate recasts to 9.93%. Prospect & Wood is offered as a standalone asset, ideally positioned for yield-focused investors, regional multifamily operators, and 1031 exchange buyers seeking stabilized income with significant upside in the Greater Fort Myers submarket.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1983
3.66 Acres
1 Story
FINANCIAL & COMMUNITY
$42,779 / yr property tax
Lee County
Location
Mortgage Calculator
Ad Statistics
Ad Number
7845737
Viewed
0 time
Listing Status
Pending
Added
Jun 22, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Florida Gulf Coast Multiple Listing Service, Inc.
Source Property ID
2026014902
Listing Agent: Jacob Mossholder (License #: 258034564) 239-699-6998
Broker: Premier Agent Network, Inc. 877-663-9366 Listing Site
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Premier Agent Network, Inc. 877-663-9366 Listing Site
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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