Property details
About 648 Carolina Ave
Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement Model Positioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48,000/year in gross income. With Net Operating Income of $35,558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area. The structure offers 4 bedrooms, 2 bathrooms, and over 2,060 sq ft, with stable, long-term tenants and low turnover. The layout supports individual occupancy per room, offering tenants affordable housing while maximizing investor returns. Located in the Tice neighborhood, the property benefits from access to employment centers, public transportation, and strong rental demand. Priced at $339,000 Professionally managed Room-by-room agreements in place Operating expenses: $12,442 Traditional rental comparison available This opportunity offers investors a high-performing asset with immediate cashflow and potential for long-term equity growth.
Highlights
Summary
- Full Bathrooms: 2
- Flooring Type: Vinyl
- Total Bedroom Count: 4
- Private Pool: No
- Waterfront: None
- Exterior: None
- Architectural Style: Duplex
- Heating: None
- Cooling: Window Unit(s)
- List Price: $339,000
- HOA Amount: $0
- Annual Tax Amount: $1,715
- Tax Year: 2023
- Lot: Rectangular Lot
- Directions: 648 Carolina Ave is situated in the Tice area of Fort Myers, Florida. The property is located between Glenwood Avenue and Tice Street, providing convenient access to major thoroughfares. To reach the property, you can take Glenwood Avenue from Palm Beach Boulevard (State Road 80) or Tice Street from Ortiz Avenue. These routes offer straightforward access to the property.
- Year Built: 1971
- Lot Size: 0.296 Acres
- MLS Number: 224096021
- MLS Name: SWFL
- Office Name: RB Real Estate LLC
- Office Phone: (239) 293-4544
- Office Email: dan.oberski@trinitycre.com
- Listing Agent: Nikijha Lynch
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 2:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $178,486 | $1,715 |
| 2022 | $143,370 | $1,079 |
| 2021 | $114,015 | $1,786 |
| 2020 | $101,747 | $1,786 |
History based on county public records data.
Nearby schools
4
Tice Elementary School
Public District KG-5
0.4 mi
•4524 Tice St
4
Orange River Elementary School
Public District KG-5
1.1 mi
•4501 Underwood Dr
3
James Stephens Elementary School
Public District KG-5
1.4 mi
•1333 Marsh Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,286. Most Fort Myers, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC- Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Golden Corral
What do the neighbors drive?
Buick
Dodge
Kia
What do the neighbors listen to?
Urban Contemporary
Adult Standards- Rhythmic Contemporary Hits
Frequently asked questions
Living in Fort Myers, FL
Fort Myers' transportation network includes a public bus service with routes connecting key areas of the city, though schedules may vary. Ride-sharing services are readily available, offering a convenient alternative for residents and visitors. The city is also connected by major roads and highways, facilitating travel to nearby cities and attractions. Efforts to enhance walkability are evident in the downtown area, which is designed to be pedestrian-friendly, while bike lanes are also available in certain parts of the city.
The city is served by a range of educational institutions, including public and private schools that cater to various educational needs. Healthcare is well-supported with several hospitals offering a spectrum of services from emergency care to specialized treatments. The public library system is robust, providing residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, with an emphasis on seafood and local cuisine that mirrors the coastal lifestyle of the area.
Fort Myers is celebrated for its vibrant history and connection to the arts, with annual events like the Fort Myers Film Festival drawing cultural enthusiasts. The community prides itself on its scenic riverfront, historic downtown area, and the Edison and Ford Winter Estates, which reflect the city's rich heritage and attract visitors year-round.
Fort Myers' housing market showcases a blend of single-family homes, condominiums, and townhouses, with a noticeable presence of Mediterranean and ranch-style architecture. Single-family homes are prevalent, making up a significant portion of the market, while the condominiums and townhouses offer alternatives for those seeking a more maintenance-free lifestyle. The area has seen a steady increase in new developments, particularly gated communities that offer additional amenities.
About 648 Carolina Ave
The listing price of 648 Carolina Ave property is $339,000.
The property 648 Carolina Ave is a multi located in Fort Myers, Florida, 33905.
Active Listing: 648 Carolina Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 648 Carolina Ave are: Tice Elementary School (GreatSchools Rating 4/10), Orange River Elementary School (GreatSchools Rating 4/10), James Stephens Elementary School (GreatSchools Rating 3/10), Oak Hammock Middle School (GreatSchools Rating 3/10), Fort Myers Middle Academy (GreatSchools Rating 4/10), Paul Laurence Dunbar Middle School (GreatSchools Rating 3/10), Success Academy (GreatSchools Rating 1/10), Lee Adolescent Mothers Program (GreatSchools Rating 1/10), Dunbar High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,715 (source: MLS/based on county public records data).
The year of construction for 648 Carolina Ave is 1971.
This home is located at 648 Carolina Ave in Fort Myers, FL and zip code 33905. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $339,000.
Over 15 listings were sold over their listed price in June 2025 in Fort Myers, FL. In the same period over 366 listings were sold below the listed price and 38 listings were sold for the listed price. The number of listings in Fort Myers, FL increased by 0.4% between May and June 2025. The median list price of listings available in June 2025 was $365,420, while the average time on the real estate market was 88 days.