Duplex with Two
For Sale
$389,900
Pending
22/24 NW 15th Place, Cape Coral, FL 33993
MULTI_FAMILY - Ranch - Cape Coral, FL
Property Size2,320 SF
Lot Size0.34 Acres
Days on Market52
Property Features for 22/24 NW 15th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 1
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Patio
Subdivision
CAPE CORAL
Lot features
Oversized Lot
Standard status
Pending
APN
10-44-23-C4-03654.0540
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 48 BLK 3654 PB 17 PG 139 LOTS 54 THRU 56
Tax Annual Amount
9628
Legal Description
CAPE CORAL UNIT 48 BLK 3654 PB 17 PG 139 LOTS 54 THRU 56
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick, Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Sellstate Priority Realty
(239) 574-8888
Listed By:
Chrissy Avila · License #258025278
(239) 896-8333
Added: Jun 9
Changed: Jul 29
Last Checked: Jul 30 at 9:06PM
MLS# 2026025556
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.
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom, 2-bath units. Each unit includes its own 1-car garage and offers approximately 1,160 square feet of living space. Both sides have been freshly painted, and one unit has been updated with luxury plank flooring and a completely remodeled kitchen with new appliances. Additional improvements include a new roof installed in 2024 and impact windows installed in 2025, and one side has been replumbed.
The property is situated on an oversized lot in a non-flood zone with all city assessments paid. It is located near the Pine Island Corridor with convenient access to shopping, dining, schools, and everyday conveniences.
As listed, both units are currently not rented, providing flexibility for an owner-occupant or investor looking to establish tenancy after acquisition.
The property is situated on an oversized lot in a non-flood zone with all city assessments paid. It is located near the Pine Island Corridor with convenient access to shopping, dining, schools, and everyday conveniences.
As listed, both units are currently not rented, providing flexibility for an owner-occupant or investor looking to establish tenancy after acquisition.
Key Highlights
- Duplex built in 1987 with two 2‑bedroom, 2‑bath units and approximately 1,160 SF of living space per unit
- Each unit has its own 1‑car garage and a private patio
- Major updates include a new roof in 2024 and impact windows installed in 2025
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $43.9k | $18.91 |
| − OpEx | −$13.2k | −$5.67 |
| NOI | $30.7k | $13.24 |
2,320 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$406.5K
$355.7K – $474.3K
NOI $28,458 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$602.0K
$526.7K – $702.3K
NOI $42,139 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 33993, FL
29,848
Population
13,098
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
43.7 sq mi
ZIP Area
683
Density / Sq Mi
$89,220
Median Household Income
$41,871
Median Earnings
$2,057
Median Rent
$319,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 2-bath units each include a 1-car garage, updated with recent roof and impact windows.
Where is this duplex located?
The property is located at 22/24 NW 15th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Duplex built in 1987 with two 2‑bedroom, 2‑bath units and approximately 1,160 SF of living space per unit; Each unit has its own 1‑car garage and a private patio; Major updates include a new roof in 2024 and impact windows installed in 2025
