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5442 Fourth Ave, Fort Myers FL 33907

House For Sale
$250,000

BTC: 2.97619048

ETH: 94.33962264

+$50K (2026/09/12)
59 days
3 bds
1 ba
1,051 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1962
Lot:
6011 Square Feet
Heating:
Central
Price/sqft:
$238
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$219,900
$133K – $294K
Confidence Low
List vs. estimate
$30K above estimate
List $250,000 · +13.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$237
+10.2% vs. city median $215
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,771
2025
View
None
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Electric Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    • No Additional Rooms

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 1

  • Parking

    • Driveway

    Lot

    • Lot: 6011 Square Feet

    Other Property Information

    • Parcel Number: 11-45-24-03-00013.0080

    • Zoning: Residential

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $1,771

  • Source details

    • MLS ID: A12064691

    Other facts

    • Construction Materials: Concrete Block Construction / Frame / Frame With Stucco

    • Laundry Features: Washer/Dryer Hook-Up

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Window Features: Impact Glass

    • Direction Faces: East

    • Architectural Style: Detached / One Story

    • Living Area: 1051

    • Water Source: Municipal Water

    • Subdivision Name: Pine Manor

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Red Rock Realty