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    Updated Duplex in Cape Coral Title is generated by Realmo AI

    2912/2914 Santa Barbara Boulevard, Cape Coral, FL 33914

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    For Sale
    $449,000

    MULTI_FAMILY - Other - Cape Coral, FL

    Property size:
    2,092 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $214/SF
    Added:
    Feb 12, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 2912/2914 Santa Barbara Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Exterior features
    SprinklerIrrigation, Patio, RoomForPool
    Standard status
    Active
    APN
    35-44-23-C3-01842.0600
    Size
    2,092 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CAPE CORAL UNIT 45 PT 1 BLK 1842 PB 21 PG 141 LOTS 60 + 61
    Tax Annual Amount
    6557

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2002
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Alison Gesuele
    Alison Gesuele

    Listing agent Alison Gesuele License #631103408

    Listing office The Agency Northwest Florida 9300 Emerald Coast Pkwy W, Miramar Beach, FL

    Listing date Feb 12, 2026

    MLS# 2026007079 Listing URL

    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.

    HighLights

    • Updated duplex with two 2BR/2BA units, ideal for rental income or owner‑occupancy.
    • New 2022 roof.
    • Updated with new flooring, kitchen cabinets, and stainless steel appliances.
    • Each unit has its own designated washer and dryer.
    • Centrally located near shopping, dining, entertainment, and major roads.
    • Room for a pool and a patio.

    Overview

    This updated duplex is located in Cape Coral, Florida. The property features a total living space of 2,092 square feet, with each unit offering 2 bedrooms and 2 bathrooms. The property includes a 2022 roof, new flooring, kitchen cabinets, and stainless steel appliances. Each unit is equipped with its own washer and dryer. The layout is functional, with sizeable living areas suitable for long-term tenants or owner-occupant investors. The property is centrally located near shopping, dining, entertainment, and everyday amenities. Convenient access to major roads, public transportation, and local hotspots enhances its appeal. The property is situated on a 0.229-acre lot.

    Local 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 $41.4k $19.80
    − Vacancy −$1.9k −$0.89
    EGI $39.6k $18.91
    − OpEx −$11.9k −$5.67
    NOI $27.7k $13.24
    2,092 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $395.6K
    $346.1K – $461.5K (±1% cap)
    NOI $27,690 @ 7.0% cap · market cap 6.17%
    Second Best
    Apartment 5plus
    $366.6K
    $320.8K – $427.7K (±1% cap)
    NOI $25,661 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Office A
    $542.8K
    $475.0K – $633.3K (±1% cap)
    NOI $37,997 @ 7.0% cap · market cap 8.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Hotel & Motel Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.974573
    Latitude
    26.597856

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    FAQs

    What type of property is this?
    Duplex - Investment property with rental income potential near shopping and dining.
    Where is this duplex located?
    The property is located at 2912/2914 Santa Barbara Boulevard Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Updated duplex with two 2BR/2BA units, ideal for rental income or owner‑occupancy.; New 2022 roof.; Updated with new flooring, kitchen cabinets, and stainless steel appliances.
    (239) 994-7271
    We can help!
    Listing Contact
    Alison Gesuele
    Alison Gesuele
    Real Estate License ID: 631103408
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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