Duplex with Updated
For Sale
$365,000
311 Tudor Drive, Cape Coral, FL 33904
ResidentialIncome, Cape Coral, FL
Property Size1,710 SF
Lot Size0.23 Acres
Price / SF$213.45
Days on Market33
Property Features for 311 Tudor Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
MXB
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Pets allowed
Call
Subdivision
CAPE CORAL
Lot features
Rectangular Lot
Directions
GPS
Standard status
Active
APN
13-45-23-C1-00092.0310
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 2 PT.3 BLK.92 PB 11 PG 37-41 LOTS 31 + 32
Tax Annual Amount
6143
Legal Description
CAPE CORAL UNIT 2 PT.3 BLK.92 PB 11 PG 37-41 LOTS 31 + 32
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1971
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco, WoodFrame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Palm Paradise Realty Group
(239) 955-7256
Listed By:
Donald Hindle · License #258017197
(239) 446-6891
Added: Aug 2
Changed: Aug 27
Last Checked: Sep 3 at 5:06AM
MLS# 2026032767
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 contains two residences, each arranged with two bedrooms and one bathroom. The property provides 1,710 square feet of total building area on a 0.23-acre lot, with tile flooring, an updated kitchen, and a dedicated laundry or utility room serving each side. Central air, electric heating, ceiling fans, public water, and a shingle roof are included. The structure was built in 1971 and uses block, concrete, stucco, and wood-frame construction.
The property is located at 311 Tudor Drive in Cape Coral, within the Bimini Basin neighborhood. Nearby destinations identified in the property information include Bimini Square, Four Freedoms Park, Yacht Club Community Park, downtown Cape Coral restaurants and shops, the Cape Coral Farmers Market, and waterfront dining and recreation areas.
The property is located at 311 Tudor Drive in Cape Coral, within the Bimini Basin neighborhood. Nearby destinations identified in the property information include Bimini Square, Four Freedoms Park, Yacht Club Community Park, downtown Cape Coral restaurants and shops, the Cape Coral Farmers Market, and waterfront dining and recreation areas.
Key Highlights
- Two‑bedroom, one‑bathroom layout on each side of the duplex
- 1,710 square feet of total building area on a 0.23‑acre lot
- Updated kitchen and dedicated laundry/utility room in each residence
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
$22,634
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
6.20%
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%
$452,680
$452.7K
Cap Rate 7%
$323,343
$323.3K
Cap Rate 9%
$251,489
$251.5K
Market Conditions
NOI Build-Up for 1,710 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
$33.9K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$32.3K $18.91/SF
− OpEx
−$9.7K −$5.67/SF
NOI
$22.6K $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%
$452,680
Cap Rate 7%
$323,343
Cap Rate 9%
$251,489
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,634 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,975 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$443.7K
$388.2K – $517.7K
NOI $31,059 @ 7.0% cap · market cap 8.51%
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
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
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 separately configured residences offer tiled interiors and dedicated utility areas within a Cape Coral duplex.
Where is this duplex located?
The property is located at 311 Tudor Drive Cape Coral, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom layout on each side of the duplex; 1,710 square feet of total building area on a 0.23‑acre lot; Updated kitchen and dedicated laundry/utility room in each residence
