Duplex with Private
New
For Sale
$429,000
1801/1803 SW SANTA BARBARA Place, Cape Coral, FL 33991
Residential Income, CAPE CORAL, FL
Property Size2,448 SF
Lot Size0.26 Acres
Price / SF$175.25
Days on Market3
Property Features for 1801/1803 SW SANTA BARBARA Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 9, Bathroom 6, Bathroom 2
Parking features
Open
Interior features
Ceiling Fans(s)
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
CAPE CORAL
Elementary school
Gulf Elementary
Middle school
Gulf Middle School
High school
Cape Coral High School
Directions
From Veterans Memorial Pkwy, head north on Santa Barbara Blvd. Turn left onto SW 19th St, then right onto SW Santa Barbara Pl. Property will be on the right at 1801-1803 SW Santa Barbara Pl.
Standard status
Active
APN
26-44-23-C2-03083.0130
Size
2,448 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 62 BLK 3083 PB 21 PG 35 LOTS 13 + 14 + W 10 FT OF VAC ALLEY OR 3665 PG 3913
Tax Annual Amount
8013
Legal Description
CAPE CORAL UNIT 62 BLK 3083 PB 21 PG 35 LOTS 13 + 14 + W 10 FT OF VAC ALLEY OR 3665 PG 3913
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
covered lanais
privacy-fenced backyard
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Chi Pham
(407) 443-7299
Added: Sep 25
Changed: Sep 27
Last Checked: Sep 27 at 2:06PM
MLS# O6444923
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,448-square-foot duplex contains two residences, each with 3 bedrooms, 2 full bathrooms, a private garage, covered lanai and fenced backyard. One side is leased; the other is vacant and has an updated kitchen with new cabinetry, granite countertops and stainless-steel appliances. The roof and A/C systems were installed in 2024. The property occupies 0.26 acres and is zoned RML.
The homes are in Cape Coral, with access to shopping, dining, grocery stores, parks and everyday services. The Santa Barbara Boulevard and Veterans Parkway corridors are accessible from the property. Each side has additional parking for two vehicles, and tenants pay their own utilities.
The homes are in Cape Coral, with access to shopping, dining, grocery stores, parks and everyday services. The Santa Barbara Boulevard and Veterans Parkway corridors are accessible from the property. Each side has additional parking for two vehicles, and tenants pay their own utilities.
Key Highlights
- Two‑unit duplex totaling 2,448 square feet on 0.26 acres
- Each residence has 3 bedrooms and 2 full bathrooms
- One unit is leased; the second is vacant with an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,402
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,040
$648.0K
Cap Rate 7%
$462,886
$462.9K
Cap Rate 9%
$360,022
$360.0K
Market Conditions
NOI Build-Up for 2,448 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.3K $18.91/SF
− OpEx
−$13.9K −$5.67/SF
NOI
$32.4K $13.24/SF
Area
Cape Coral, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,040
Cap Rate 7%
$462,886
Cap Rate 9%
$360,022
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.0K – $540.0K
NOI $32,402 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$429.0K
$375.4K – $500.5K
NOI $30,028 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$635.2K
$555.8K – $741.1K
NOI $44,464 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences pair a leased side with a refreshed, unoccupied unit.
Where is this duplex located?
The property is located at 1801/1803 SW SANTA BARBARA Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,448 square feet on 0.26 acres; Each residence has 3 bedrooms and 2 full bathrooms; One unit is leased; the second is vacant with an updated kitchen
