Cape Coral Income-Producing
4137/4139 SW 8th Place Cape Coral, FL 33914
For Sale
$519,900
Pending
MULTI_FAMILY - Other - Cape Coral, FL
Property Size2,416 SF
Lot Size0.23 Acres
Days on Market101
Property Features for 4137/4139 SW 8th Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Pets allowed
- Yes
- Exterior features
- RoomForPool
- Standard status
- Pending
- APN
- 10-45-23-C2-03310.0050
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 65 BLK 3310 PB 21 PG 160 LOTS 5 + 6
- Tax Annual Amount
- 8322
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2021
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX Trend
(239) 541-1661
Listed By:
James Sommers · License #258004921
(239) 851-2351
Added: Apr 17
Changed: Jul 18
Last Checked: Jul 26 at 1:06AM
MLS# 2026017102
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 income-producing duplex presents an opportunity for both owner-occupants and investors. Located near Skyline Blvd, the property offers convenient access to Fort Myers. Each of the two units features 3 bedrooms, 2 full baths, and 1,208 square feet of living space, with a total of 6 bedrooms and 4 baths for the entire property. Each unit also includes an attached 1-car garage. Interior features include tile flooring throughout, vaulted ceilings, and granite countertops. The property is connected to city water and sewer, with all assessments paid in full. Each unit is separately metered for electric and water, allowing tenants to pay their own utilities. Situated off Skyline Boulevard near Mohawk Pkwy, the property is located minutes from shopping, dining, and entertainment. The lot size is 0.23 acres. The property is located in Cape Coral, Florida.
Key Highlights
- 2021‑built duplex with 2 units, each offering 3 bedrooms and 2 full baths
- Each unit includes 1,208 sq ft of living space and an attached 1‑car garage
- Total layout: 6 bedrooms and 4 baths across both units
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 | $47.8k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $45.7k | $18.91 |
| − OpEx | −$13.7k | −$5.67 |
| NOI | $32.0k | $13.24 |
2,416 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.8K
$399.7K – $533.0K
NOI $31,979 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$423.4K
$370.4K – $493.9K
NOI $29,635 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-producing duplex near Skyline Blvd with city water and sewer.
Where is this duplex located?
The property is located at 4137/4139 SW 8th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 2021‑built duplex with 2 units, each offering 3 bedrooms and 2 full baths; Each unit includes 1,208 sq ft of living space and an attached 1‑car garage; Total layout: 6 bedrooms and 4 baths across both units
