Fully Renovated Duplex with Heated
4928/5000 SW 16th Place Cape Coral, FL 33914
For Sale
$499,700
MULTI_FAMILY - Other - Cape Coral, FL
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$208.21
Days on Market143
Property Features for 4928/5000 SW 16th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3
Pets allowed
Yes
Pool private
1
Exterior features
Fence, SprinklerIrrigation
Fencing
Fenced
Standard status
Active
APN
16-45-23-C2-04633.0400
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 69 BLK 4633 PB 22 PG 47 LOTS 40 + 41
Tax Annual Amount
3552
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s), Zoned
Water source
Public
Building Details
Year built
1983
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:
Brian Koonmen · License #258033599
(239) 980-7714
Added: Mar 10
Changed: Jul 27
Last Checked: Jul 30 at 10:06AM
MLS# 2026011492
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 fully renovated duplex offers two separate 2-bedroom, 2-bath residences totaling 2,400 square feet. The property includes a large heated pool, an oversized screened lanai, and a private fenced yard—features designed to support guest stays and tenant comfort. One unit is furnished with an established turnkey vacation rental history, while the second unit is becoming available, giving the next owner flexibility to continue a hybrid rental strategy or occupy one side.
Located at 4928/5000 SW 16th Place in Cape Coral, the property is described as being just minutes from Cape Harbour, waterfront dining, shopping, entertainment, and marina access for boating.
For buyers seeking income with operational flexibility, the existing vacation rental setup and the additional unit becoming available create straightforward paths for a vacation rental program, a longer-term rental approach, or a live-in arrangement where one unit can help offset expenses. The remarks also note gross rental income over $59,000, and that a long-term tenant is vacating, which may support immediate repositioning of the second unit’s use.
Located at 4928/5000 SW 16th Place in Cape Coral, the property is described as being just minutes from Cape Harbour, waterfront dining, shopping, entertainment, and marina access for boating.
For buyers seeking income with operational flexibility, the existing vacation rental setup and the additional unit becoming available create straightforward paths for a vacation rental program, a longer-term rental approach, or a live-in arrangement where one unit can help offset expenses. The remarks also note gross rental income over $59,000, and that a long-term tenant is vacating, which may support immediate repositioning of the second unit’s use.
Key Highlights
- Fully renovated duplex priced at $499,700
- 2,400 total SF with two 2‑bedroom, 2‑bath residences
- Over $59,000 in gross rental income with an established vacation rental history (furnished unit)
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 | $47.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.4k | $18.91 |
| − OpEx | −$13.6k | −$5.67 |
| NOI | $31.8k | $13.24 |
2,400 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit duplex with two 2-bedroom residences, private heated pool, and flexibility for vacation or long-term use.
Where is this duplex located?
The property is located at 4928/5000 SW 16th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,700.
What are key features of this property?
This property features: Fully renovated duplex priced at $499,700; 2,400 total SF with two 2‑bedroom, 2‑bath residences; Over $59,000 in gross rental income with an established vacation rental history (furnished unit)
