Duplex with Private-Entry
New
For Sale
$750,000
236 Hancock Bridge Parkway, Cape Coral, FL 33990
ResidentialIncome, Cape Coral, FL
Property Size3,922 SF
Lot Size0.37 Acres
Price / SF$191.23
Days on Market6
Property Features for 236 Hancock Bridge Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RML
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 6, Bedroom 4, Bathroom 4
Window features
Skylight(s)
Pets allowed
Yes
Subdivision
CAPE CORAL
Lot features
Corner Lot
Directions
property is on the right hand side on Hancock Pkwy, sign on the property
Standard status
Active
APN
13-44-23-C1-01099.0190
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 23 BLK 1099 PB 14 PG 50 LOTS 19 20 + 21
Tax Annual Amount
13086
Legal Description
CAPE CORAL UNIT 23 BLK 1099 PB 14 PG 50 LOTS 19 20 + 21
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
fenced outdoor area
patio space
additional storage
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Realty Team · RE/MAX International
(239) 242-2000
Listed By:
Yordanka Hernandez · License #258028578
(239) 771-9271
Added: Sep 20
Changed: Sep 25
Last Checked: Sep 25 at 1:06AM
MLS# 2026039627
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.
Built in 2020, this Cape Coral duplex contains two residences with approximately 3,922 square feet of combined living area. Each unit has four bedrooms, three full bathrooms and one half bath, plus a kitchen, laundry accommodations and living space. In both residences, the fourth-bedroom area has a separate entrance, bathroom and air conditioning. Impact glass and central air conditioning are among the building features.
The property occupies an approximately 0.373-acre corner lot with a fenced outdoor area, patio space and additional storage. Public water and sewer are available, and the associated assessments are paid. Construction includes block, concrete and stucco, with tile flooring and a shingle roof.
The property occupies an approximately 0.373-acre corner lot with a fenced outdoor area, patio space and additional storage. Public water and sewer are available, and the associated assessments are paid. Construction includes block, concrete and stucco, with tile flooring and a shingle roof.
Key Highlights
- Two‑unit duplex built in 2020
- Approximately 3,922 square feet of total living area
- Each unit has 4 bedrooms, 3 full bathrooms and 1 half bath
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
$51,913
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
6.92%
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%
$1,038,260
$1.0M
Cap Rate 7%
$741,614
$741.6K
Cap Rate 9%
$576,811
$576.8K
Market Conditions
NOI Build-Up for 3,922 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
$77.7K $19.80/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$74.2K $18.91/SF
− OpEx
−$22.2K −$5.67/SF
NOI
$51.9K $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%
$1,038,260
Cap Rate 7%
$741,614
Cap Rate 9%
$576,811
Alternative Uses
Best Use
Multifamily LT 5
$741.6K
$648.9K – $865.2K
NOI $51,913 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.8K
NOI $48,108 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.02M
$890.5K – $1.19M
NOI $71,236 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence includes a separate-entry bedroom area with its own bathroom and air conditioning.
Where is this duplex located?
The property is located at 236 Hancock Bridge Parkway Cape Coral, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2020; Approximately 3,922 square feet of total living area; Each unit has 4 bedrooms, 3 full bathrooms and 1 half bath
