17364/366 Dowling Drive 366
Fort Myers, FL, 33967 $ 369,000
Bedrooms4 Baths3.1 Sq 1,792 Monthly Estimate*
$ 2,330
for $369,000 with 4 bedrooms and 3 full baths, 1 half bath. This 1,792 square foot home was built in 1984 on a lot size of 0.175.
Exceptional Income-Producing Duplex in the Heart of San Carlos Park! One of the best investment values currently available in San Carlos Park, this outstanding income-producing property offers immediate cash flow, long-term appreciation potential, and incredible flexibility in one of Fort Myers' most sought-after rental markets. This well-maintained duplex features 4 total bedrooms and 3.5 bathrooms, with both units currently occupied, generating immediate rental income. Each tenant pays $1,400 per month, has a security deposit in place, and is on month-to-month leases, providing the new owner the flexibility to continue leasing, adjust rents to market value, occupy one unit while renting the other, or tailor the property to future investment goals. A major value-added feature is the brand-new roof installed in June 2026, offering peace of mind and minimizing future maintenance expenses. Each unit features tile flooring throughout, its own A/C wall unit, and a private screened lanai, creating comfortable, low-maintenance living spaces that appeal to long-term tenants. With NO HOA and NO rental restrictions, this turnkey income-producing property is ideal for seasoned investors, first-time investors, or buyers completing a 1031 Exchange. The property's desirable location in San Carlos Park continues to attract strong rental demand thanks to its close proximity to Florida Gulf Coast University (FGCU), Gulf Coast Town Center, Miromar Outlets, Coconut Point Mall, Hertz Arena, Southwest Florida International Airport (RSW), I-75, US-41, world-class dining, shopping, entertainment, healthcare, and Southwest Florida's beautiful Gulf beaches. Whether you're looking to expand your real estate portfolio, secure a cash-flowing investment, or capitalize on future rental growth, this property offers exceptional value. The existing month-to-month leases provide immediate income while presenting the opportunity to increase rents over time as market conditions allow. Opportunities to own a multi-family investment property in this high-demand location are becoming increasingly rare! Don't miss your chance to own this exceptional Fort Myers duplex!
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FeaturesGeneralSewer Septic Tank
Heating Wall Furnace
Cooling Wall Unit(s)
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Architectural Style Duplex
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 1984
Tenant Pays Cable TV Electricity Internet
Unit Number 366
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features None
HOA Fee 2 0
County Lee
Net Operating Income 1
Operating Expense 1
Property Type Residential Income
Association Amenities None
Subdivision Name SAN CARLOS PARK
Full Baths 3
Status Active
City Fort Myers
Land Lease Amount 0
Zoning Description RM-2
Number Of Units Total 2
MLS Area FM14 - Fort Myers Area
Lot Size Units Acres
Tax Annual Amount 4068.45
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026029608
Structure Type Duplex
Standard Status Active
Tax Lot 3
Property Sub Type Additional Duplex
Legal Description SAN CARLOS PK N ADDN BLK 20 PB 28 PG 16 LOTS 3 THRU 5
HOA Fee 3 0
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InteriorFlooring Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung
Half Baths 1
Total Bedrooms 4
Total Baths 4
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ExteriorExterior Amenities None
Lot Features Other
Water Source Well
Lot Size Area 0.175
Spa false
Building Area Total 1792
Lot Dimensions 75 x 110 x 75 x 110
Lot Size Acres 0.175
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded FeaturesList ByEstrella RuizListing Agent
Smart Realty Of Florida PaBroker
estrella@smartrealtyofflorida.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,330
- Monthly Property Taxes
- $339
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Fort Myers, FL
Average List Price $407,848
Percent of Sale Price 11%
About Fort Myers, FL 85,015 Population
56% Since 2002
$ 43,987 Median Income
38.61 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/16/2026 | $369,000 | | Listed Price |